Berliner Boersenzeitung - Fraud Management in Banking Market to Reach $ 48.4 billion, Globally, by 2032 at 22.6% CAGR: Allied Market Research

EUR -
AED 3.980447
AFN 76.425222
ALL 100.74696
AMD 436.912951
ANG 1.954503
AOA 898.30222
ARS 392.937771
AUD 1.63805
AWG 1.950986
AZN 1.830865
BAM 1.951392
BBD 2.189653
BDT 119.291604
BGN 1.956511
BHD 0.408517
BIF 3089.061865
BMD 1.083881
BND 1.447842
BOB 7.493072
BRL 5.35958
BSD 1.08445
BTN 90.420727
BWP 14.694735
BYN 3.572763
BYR 21244.074583
BZD 2.185952
CAD 1.467548
CDF 2893.963137
CHF 0.945568
CLF 0.034096
CLP 940.808739
CNY 7.734791
COP 4357.744993
CRC 573.90347
CUC 1.083881
CUP 28.722856
CVE 110.826602
CZK 24.417627
DJF 192.627202
DKK 7.455584
DOP 61.557616
DZD 146.104707
EGP 33.515666
ERN 16.25822
ETB 60.374282
FJD 2.417869
FKP 0.85335
GBP 0.85786
GEL 2.92428
GGP 0.85335
GHS 13.017525
GIP 0.85335
GMD 73.026481
GNF 9326.799239
GTQ 8.494887
GYD 227.067023
HKD 8.471671
HNL 26.770562
HRK 7.632226
HTG 143.435958
HUF 380.062499
IDR 16783.360861
ILS 4.036401
IMP 0.85335
INR 90.413427
IQD 1419.884577
IRR 45807.532299
ISK 150.897687
JEP 0.85335
JMD 168.251448
JOD 0.768909
JPY 159.598269
KES 166.104771
KGS 96.78645
KHR 4462.339992
KMF 490.401878
KPW 975.493515
KRW 1421.153046
KWD 0.334865
KYD 0.903754
KZT 501.148586
LAK 22436.343756
LBP 16370.728438
LKR 355.899971
LRD 203.932469
LSL 20.170719
LTL 3.20042
LVL 0.655629
LYD 5.221253
MAD 10.92606
MDL 19.232551
MGA 4877.466372
MKD 61.637824
MMK 2277.344646
MNT 3720.175292
MOP 8.730676
MRO 386.945458
MUR 47.940177
MVR 16.648524
MWK 1825.799041
MXN 18.932167
MYR 5.051374
MZN 68.555442
NAD 20.171174
NGN 866.021711
NIO 39.848861
NOK 11.747209
NPR 144.673163
NZD 1.758159
OMR 0.417281
PAB 1.084445
PEN 4.050886
PGK 4.047103
PHP 59.990126
PKR 308.635039
PLN 4.329727
PYG 8045.897394
QAR 3.946141
RON 4.968535
RSD 117.329505
RUB 99.166197
RWF 1349.34541
SAR 4.065874
SBD 9.18692
SCR 14.326736
SDG 651.412944
SEK 11.299842
SGD 1.449853
SHP 1.318813
SLE 24.642059
SLL 21406.656447
SOS 619.442693
SRD 40.752891
STD 22434.155727
SYP 14092.607289
SZL 20.171012
THB 38.192721
TJS 11.84758
TMT 3.793585
TND 3.374176
TOP 2.555904
TRY 31.346388
TTD 7.35239
TWD 34.042565
TZS 2715.121734
UAH 39.655031
UGX 4115.702038
USD 1.083881
UYU 42.444503
UZS 13337.16012
VEF 3851696.775976
VES 38.51697
VND 26289.542296
VUV 128.697593
WST 2.90817
XAF 654.475427
XAG 0.044198
XAU 0.000533
XCD 2.929244
XDR 0.813969
XOF 651.412677
XPF 119.064483
YER 271.349422
ZAR 20.378705
ZMK 9756.23296
ZMW 25.836631
ZWL 349.009354
  • SCU

    -0.0300

    12.72

    -0.24%

  • NGG

    -0.6300

    66.21

    -0.95%

  • BCC

    2.1800

    114.57

    +1.9%

  • CMSC

    -0.1300

    24.48

    -0.53%

  • SCS

    -0.0200

    12.44

    -0.16%

  • SLAC

    -0.0700

    10.27

    -0.68%

  • GSK

    0.0600

    36.63

    +0.16%

  • RIO

    -2.1100

    69.05

    -3.06%

  • BTI

    -0.1100

    31.93

    -0.34%

  • AZN

    0.2300

    65.02

    +0.35%

  • CMSD

    -0.2800

    24.05

    -1.16%

  • RYCEF

    0.1060

    3.636

    +2.92%

  • JRI

    0.0400

    11.32

    +0.35%

  • RBGPF

    0.0260

    68.036

    +0.04%

  • RELX

    0.0300

    38.59

    +0.08%

  • BCE

    0.2900

    40.6

    +0.71%

  • VOD

    -0.1800

    9.04

    -1.99%

  • BP

    -0.3900

    35.59

    -1.1%

Fraud Management in Banking Market to Reach $ 48.4 billion, Globally, by 2032 at 22.6% CAGR: Allied Market Research
Fraud Management in Banking Market to Reach $ 48.4 billion, Globally, by 2032 at 22.6% CAGR: Allied Market Research

Fraud Management in Banking Market to Reach $ 48.4 billion, Globally, by 2032 at 22.6% CAGR: Allied Market Research

Rise in the adoption of online banking applications and & mobile banking services and an increase in incidences of financial fraud boost the growth of the global fraud management in the banking market. In addition, the increase in the use of digital transformation technology positively impacts the growth of fraud management in the banking market.

Text size:

PORTLAND, Ore., Nov. 21, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Fraud Management in Banking Market by Component (Solution, and Service), Fraud Type ((Payment Fraud, Loan Fraud, Identity Theft, Money Laundering, and Others), and Application (Fraud Detection and Prevention Systems, Identity and Access Management (IAM), Customer Authentication, Transaction Monitoring, and Others): Global Opportunity Analysis and Industry Forecast, 2023-2032". According to the report, the global fraud management in banking market was valued at $6.5 billion in 2022, and is projected to reach $48.4 billion by 2032, growing at a CAGR of 22.6% from 2023 to 2032.

Allied_Market_Research_Logo

(We are providing report as per your research requirement, including the Latest Industry Insight's Evolution, Potential and COVID-19 Impact Analysis)

  • 130 - Tables
  • 69 - Charts
  • 269 – Pages

Download Research Report Sample & TOC: https://www.alliedmarketresearch.com/request-sample/283865

Prime determinants of growth

Rise in the adoption of online banking applications and & mobile banking services and an increasing increase in incidences of financial fraud augment the growth of the global fraud management in the banking market. In addition, the increase in the use of digital transformation technology positively impacts the growth of fraud management in the banking market. However, the rise in incidents of false positive rates and growing fraud complexity are hampering fraud management in the banking market growth. On the contrary, the rise in innovations in the Fintech Industry is expected to offer remunerative opportunities for the expansion of fraud management in the banking market during the forecast period.

Report coverage & details:

Report Coverage

Details

Forecast Period

2023–2032

Base Year

2022

Market Size in 2022

$ 6.5 billion

Market Size in 2032

$ 48.4 billion

CAGR

22.6 %

No. of Pages in Report

269

Segments covered

Component, Fraud Type, Application, and Region.

Drivers

The rise in adoption of online banking applications and mobile banking services.

Increasing incidences of financial fraud

Increase in use of digital transformation technology

Opportunities

Rise in Innovations in the Fintech Industry

Restraints

Growing incidents of false positive rates

Rise in fraud complexity

 

Procure Complete Report (269 Pages PDF with Insights, Charts, Tables, and Figures) @ https://bit.ly/40KHwaT

COVID-19 Scenario

  • Fraud management in the banking market has witnessed significant growth in the past few years, and even in the wake of the pandemic, the demand for fraud management in banking increased dramatically. This is attributed to the growing need for fraud management in banking among enterprises to enhance their employees' internet needs.
  • In addition, an increase in work-from-home offered by numerous organizations to protect their employees during the COVID-19 pandemic, led to the requirement of high-speed internet connectivity among individuals. This, in turn, is expected to drive market growth during the forecast period.

The service segment to maintain its leadership status throughout the forecast period.

By component, the solution segment held the highest market share in 2022, accounting for more than two-third of the global fraud management in banking market revenue, as it provides personalized services, accelerates throughput, and reduces operational costs. However, the wireless segment is projected to manifest the highest CAGR of 9.8% from 2023 to 2032, These services reduce management concerns efficiently with personalized assistance and optimized performance development.

The payment fraud segment to maintain its leadership status throughout the forecast period

By fraud type, the payment fraud segment held the highest market share in 2022, accounting for more than one-third of the global fraud management in banking market revenue, owing to the increasing incidence of fraud payments. Many key players are coming up with new technologies including Artificial Intelligence and Machine learning. However, the money laundering segment is projected to manifest the highest CAGR of 25.9% from 2023 to 2032, owing to the surging usage of virtual currencies and growing penetration of the internet, which foster the adoption of fraud management in the banking market in the healthcare segment.

Get Customized Reports with your Requirements: https://www.alliedmarketresearch.com/request-for-customization/283865

Asia-Pacific maintain its dominance by 2032

By region, North America held the highest market share in terms of revenue in 2022, accounting for more than one-third of the global fraud management in banking market revenue, owing to rise in adoption of fraud management in banking in small & medium enterprises to ensure effective flow of financial activities. However, the Asia-Pacific region is expected to witness the fastest CAGR of 25.3% from 2023 to 2032 and is likely to dominate the market during the forecast period, owing to the growing adoption of web-based and mobile-based business applications in the sector of banking.

Leading Market Players: -

  • IBM Corporation,
  • SAS Institute Inc,
  • SAP SE,
  • NICE Actimize,
  • ACI Worldwide Inc,
  • Experian PLC,
  • BAE Systems,
  • FIS global,
  • LexisNexis Risk Solutions,
  • BioCatch Ltd,

The report provides a detailed analysis of these key players of the global fraud management in banking market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario. 

Inquiry before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/283865

Trending Reports in BFSI Industry (Book Now with 10% Discount + COVID-19 Scenario):

Insurance Fraud Detection Market by Component (Solution, Services), by Deployment Mode (On-premises, Cloud), by Enterprise Size (Large Enterprises, Small and Medium-sized Enterprises (SMEs)), by Applications (Payment Fraud and Billing Fraud, Identity Theft, Claims Fraud, Money Laundering): Global Opportunity Analysis and Industry Forecast, 2021-2031.

Insurance Third Party Administrator Market By Service Type (Claims Management, Policy Management, Commission Management, Others), By End User (Life and Health Insurance, Property and Casualty Insurance), By Enterprise Size (Large Enterprises, Small and Medium-Sized Enterprises): Global Opportunity Analysis and Industry Forecast, 2023-2032.

Crypto Payment Gateway Market by Type (Web-based, Mobile-based), by Application (iGaming, E-Stores, Others), by Operating System (Android, iOS, Others), by End User (Individual, Business): Global Opportunity Analysis and Industry Forecast, 2021-2031.

Crypto ATM Market by Offering (Hardware and Software), Type (One Way and Two Way), and Coin (Bitcoin (BTC), Litecoin, Ethereum (ETH), Dogecoin, Bitcoin Cash, Dash, Tether (USDT), and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030.

Banking Software Market by Component (Solution, Service), by Deployment Mode (On-premise, Cloud), by End User (Banks, Financial Institution): Global Opportunity Analysis and Industry Forecast, 2023-2032

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports Insights" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
India (Pune): +91-20-66346060
Fax: +1-800-792-5285
[email protected] 

Allied Market Research Blog: https://blog.alliedmarketresearch.com
BFSI Blog

 

 

(A.Berg--BBZ)