The Financial Fraud Detection Software Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
The market size for financial fraud detection software has witnessed swift expansion recently. The market which was worth $17.18 billion in 2024 is anticipated to increase to $19.6 billion in 2025, reflecting a compound annual growth rate (CAGR) of 14.1%.
The Financial Fraud Detection Software Global Market is predicted to reach a market size of $33.01 billion by 2029, growing at a compound annual growth rate (CAGR) of 13.9%.
Download Your Free Sample of the 2025 Financial Fraud Detection Software Market Report and Uncover Key Trends Now!The key drivers in the financial fraud detection software market are:
• Rising volume and complexity of financial transactions
• Expansion of mobile banking and online transactions
• Increasing adoption of digital payment methods
• Demand for real-time fraud detection capabilities
The financial fraud detection software market covered in this report is segmented –
1) By Component: Solution, Service
2) By Fraud Type: Money Laundering, Identity Theft, Debit And Credit Card Frauds, Claim Frauds, Transfer Frauds, Other Fraud Types
3) By Deployment Mode: On-Premise, Cloud
4) By End User: Banking, Financial Services And Insurance (BFSI), Healthcare, Information Technology (IT) And Telecommunication, Manufacturing, Educational Institutions, Government, Others End Users
The key trends in the financial fraud detection software market are:
• Advanced data visualization is an emerging trend in the financial fraud detection software market.
• Collaboration between financial institutions is becoming increasingly prevalent.
• Integration with anti-money laundering systems is a significant trend.
• Partnership with law enforcement agencies is also among the new trends in this sector.
Major companies in the financial fraud detection software market are:
• International Business Machines Corporation
• American Express Company
• Oracle Corporation
• Thales Group
• Fiserv Inc.
• SAP SE
• Experian Information Solutions Inc.
• TransUnion LLC
• SAS Institute Inc.
• Verisk Analytics Inc.
• NICE Ltd.
• ACI Worldwide Inc.
• Fair Isaac Corporation
• Software AG
• Cyxtera Technologies Inc.
• RSA Security LLC
• BAE Systems Applied Intelligence
• Bottomline Technologies Inc.
• Riskified Ltd.
• Signifyd Inc.
• Featurespace Limited
• Guardian Analytics Inc.
• Feedzai Inc.
North America was the largest region in the financial fraud detection software market in 2024