Anti-Fraud Management System Market Size, Share, Growth Analysis, Forecast Report by 2024-2032

Anti-Fraud Management System Market Insights

Zion Market Research has published a report on the global Anti-Fraud Management System Market, estimating its value at USD 30.48 Billion in 2023, with projections indicating that it will reach USD 116.82 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 16.1% over the forecast period 2024-2032. The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Anti-Fraud Management System Market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

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Growing online shopping customers across the world has led to retailers selecting cashless payment solutions. In 2017, the global e-commerce retail sales were at USD 2.3 Trillion as compared to USD 1.8 Trillion in 2016. This number is projected to rise owing to the trend of online mobile shopping. Further, the adoption of artificial intelligence (AI) by various retailers in their business activities is also fueling the market demand.

Amazon.com, Inc. announced its plans to use AI in its new “Amazon Go” grocery stores. Bearing in mind these advancements, the annual number of frauds that online retailers have witnessed is increasing. In 2017, the “National Retail Federation” conducted a survey in which the U.S. retail return fraud for all merchants was around USD 15 Billion. This has led to retailers opting for solutions that can help them in preventing scams and reduce losses. Thus, the upsurge of anti-fraud management system market is imminent over the forecast timespan.

Governments of numerous countries are encouraging the usage of technology that will streamline various processes. Some of the common scams that the U.S. government has to cope with are tax and social security fraud, investment frauds, immigration fraud, and many more. Companies such as SAS Institute Inc. are offering solutions that are specifically designed for government agencies. However, lack of knowledge about the benefits of these systems is proving to be a major hurdle for the market growth. It is expected that increasing adoption of internet of things (IoT) in the manufacturing sector will open new avenues for the market in near future.

Global Anti-Fraud Management System Market: Segmentation

Anti-fraud management system market is segmented on the basis of component, end user, industry vertical, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.
By component segment analysis includes solutions and services.

By end user segment analysis includes small & medium enterprises (SMEs) and large enterprises.

On the basis of industry vertical, the market is further divided into BFSI, retail, healthcare, IT & telecom, energy and power, government sector, manufacturing, and others.

The Regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

The retail segment is projected to hold a substantial chunk of the market considering the growth of e-commerce. The BFSI sector is anticipated to grow at a noteworthy rate. This growth is attributed to the adoption of cashless payments and digitalization of data.

Anti-Fraud Management System Market: Report Scope

Asia Pacific region will grow at a substantial rate in the global anti-fraud management system market till 2025. China and India are projected to witness huge demand for the market in this region. Adoption of technology in various sectors and considerable economic growth will fuel the demand for these solutions over the coming years. Europe will maintain its share in the market between 2019 and 2025 due to the growing demand in manufacturing sector.

Some of the leading players in the global market include

• Oracle Corporation
• SAP SE
• SAS Institute Inc.
• BAE Systems plc
• IBM Corporation
• ACI Worldwide Inc.
• Fair Isaac Corporation
• Fiserv Inc.
• Capgemini
• Computer Sciences Corporation

The report segment of global anti-fraud management system market as follows:

By Component Segment Analysis

• Solutions
• Services

By End User Segment Analysis

• Small & Medium Enterprises (SMEs)
• Large Enterprises

By Industry Vertical Segment Analysis

• Retail
• BFSI
• IT & Telecom
• Healthcare
• Government Sector
• Energy and Power
• Manufacturing
• Others

By Regional Segment Analysis

• North America

  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa