US Fraud Detection and Prevention (FDP) Market

According to a research report "US Fraud Detection and Prevention (FDP) Market by Offering (Solutions (Fraud Analytics, Authentication, and GRC) and Services (Professional and Managed)), Fraud Type, Deployment Mode, Organization Size, Vertical, and Region - Global Forecast to 2029" published by MarketsandMarkets, the US FDP market size is projected to grow from USD 6.50 billion in 2024 to USD 13.36 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 15.5% during the forecast period. FDP in the US is speeding in response to an unprecedented increase in digital transactions, as companies rapidly adopt digital wallets and immediate payment systems. In 2023, digital wallet adoption among U.S. businesses increased by 31% to 62%, with 86% of organizations reporting utilizing one or more quicker or immediate payment services. This shift, driven by the desire for cost savings, faster fund access, and a better customer experience, has also exposed businesses to more sophisticated fraud risks. As businesses embrace embedded payments and real-time transfers, they face increasing challenges such as high transaction costs (44%), slow payment processing (35%), and a lack of automation (30%), all of which are potential vulnerabilities for fraudsters to exploit. This changing threat landscape is driving enterprises to use AI and ML-powered solutions to identify fraud in real time and safeguard payment infrastructures. The growing use of digital technology, along with the complexity of modern crime, makes advanced fraud prevention a strategic need rather than a necessity.  

The solutions segment is expected to account for the largest market share by offering segment in the US fraud detection and prevention market during the forecast period.

By offering, the solution segment in the US FDP market, which includes fraud analytics, authentication, and governance, risk, and compliance (GRC), is expected to dominate due to the rapid rise in digital transactions and the evolving complexity of domestic fraud methods. With digital wallet usage at 31% year on year and over 46% of US firms using quick payment methods, organizations are investing more in advanced fraud analytics and real-time authentication systems to protect client data and financial assets. Furthermore, increasing demand from US regulatory agencies to maintain compliance and accountability has made GRC platforms an essential component of business security infrastructure, consolidating the solution segment's market share dominance.

The authentication segment is expected to grow at the highest CAGR by solution segment in the US fraud detection and prevention market during the forecast period.

Authentication solution represent the segment with the fastest growth rate in the US FDP market because of the rapid increase in identity theft, account takeovers, and synthetic fraud, particularly within the thriving digital payments ecosystem. As over 62% of U.S. firms already utilize digital wallets and real-time transactions become the standard, there is a pressing need for strong, frictionless, and multilayered authentication techniques. The US regulatory landscape, which includes mandates under the Federal Financial Institutions Examination Council (FFIEC) and National Institute of Standards and Technology (NIST) frameworks, is pushing the use of sophisticated authentication solutions such as biometric verification and adaptive access controls, making this sector the fastest-growing pillar of the FDP market.

The professional services segment is expected to account for the largest market share by services segment in the US fraud detection and prevention market during the forecast period.

Professional services are expected to dominate the FDP market in the US, owing to the rising complexity of fraud schemes and the growing need for specialized, expert-driven risk assessments, compliance advising, and system integration. With US firms quickly embracing instant payment platforms, AI-driven analytics, and embedded finance, they demand specialist help to develop, install, and fine-tune FDP systems that are compliant with growing regulatory requirements such as Sarbanes-Oxley Act (SOX), Gramm-Leach-Bliley Act (GLBA), and FFIEC. This increase in customization and compliance requirements is supporting the dominance of professional services in the US FDP market.

Key players in the US FDP market are Fiserv (US), FIS Global (US), Lexisnexis Risk Solutions (US), TransUnion (US), Experian (Ireland), NICE Actimize (US), ACI Worldwide (US), SAS Institute (US), RSA Security (US), SAP (Germany), FICO (US), Microsoft (US), F5 (US), AWS (US), Bottomline Technologies (US), and Genpact (US).

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