What is the AI In Fraud Detection ?

The AI In Fraud Detection Market refers to the application of artificial intelligence technologies in identifying, analyzing, and preventing fraudulent activities across various industries, including BFSI, IT and telecommunications, healthcare, and retail.

How big is the AI In Fraud Detection Market?

The AI In Fraud Detection Market was valued at USD 12.1 billion and is projected to reach USD 108.3 billion, growing at a CAGR of 24.50% during the forecast period.

What are the key factors driving the growth of the AI In Fraud Detection Market?

The growth of the AI In Fraud Detection Market is driven by the increasing sophistication of fraud techniques, the growing volume of online transactions, and the need for real-time fraud detection solutions.

What are the current trends and advancements in the AI In Fraud Detection Market?

Current trends in the AI In Fraud Detection Market include the use of machine learning for predictive analytics, the deployment of AI in payment and identity fraud detection, and the integration of AI with cybersecurity measures.

What are the major challenges and opportunities in the AI In Fraud Detection Market?

Challenges in the AI In Fraud Detection Market include the high cost of AI implementation, data privacy concerns, and the need for continuous AI model training. Opportunities lie in the expanding scope of AI in fraud detection and the growing demand for AI-based fraud prevention solutions.

Who are the leading players in the AI In Fraud Detection Market?

Leading players in the AI In Fraud Detection Market include IBM Corporation, Google LLC, SAS Institute Inc., SAP SE, FICO, ACI Worldwide, Experian plc, Fiserv, Inc., Verisk Analytics, Inc., and NICE Ltd., among others.

Global AI In Fraud Detection Market Report By Component (Solution, Services), By Application (Payment Fraud, Identity Fraud, Insurance Fraud, Money Laundering, Other Applications), By Organization Size (Large Enterprises, Small and Medium-Sized Enterprises), By Industry Vertical (BFSI, IT and Telecommunications, Healthcare, Manufacturing, Retail and E-commerce, Government and Public Sector, Other Industry Verticals), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2024-2033

Published date: August 2024
Report ID: 126169
Number of Pages: 215
Format:

- IBM Corporation
- Google LLC
- SAS Institute Inc.
- SAP SE Company Profile
- FICO
- ACI Worldwide
- Experian plc
- Fiserv Incorporation Company Profile
- Verisk Analytics, Inc.
- NICE Ltd.
- Veriff
- Matellio Inc.
- Other Key Players
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Report ID 126169
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