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New York, NY – February 21, 2025 – The Global Agentic AI in Fraud Detection & Prevention Market is poised for substantial growth, projected to reach USD 206.9 billion by 2034, up from USD 4.8 billion in 2024. This represents a robust CAGR of 45.70% during the forecast period from 2025 to 2034.
As financial institutions, e-commerce platforms, and enterprises face increasing challenges related to fraud, the demand for AI-driven solutions is growing rapidly.
Agentic AI is becoming a key player in enhancing fraud detection and prevention through its ability to analyze vast amounts of data in real time, detect patterns, and respond to emerging threats more effectively than traditional methods.
In 2024, North America led the market, capturing a significant share of over 39.2%, which equates to an approximate market value of USD 1.8 billion.
The region benefits from the early adoption of advanced technologies, strong cybersecurity frameworks, and the presence of major tech players offering AI-powered fraud detection solutions.
Financial services, e-commerce, and healthcare sectors in North America are increasingly investing in AI-based fraud prevention tools, driving regional growth.
As more industries recognize the effectiveness of AI in mitigating fraud risks, the market is expected to expand across other regions, with further technological innovations improving detection capabilities and reducing fraud-related losses globally.
Key Takeaways
- Market Growth: Expected to reach USD 206.9 billion by 2034, growing from USD 4.8 billion in 2024, at a CAGR of 45.70%.
- Solution Segment: Dominated the market in 2024, holding 74.6% of the share.
- Identity Theft: Held a significant position, capturing 38.5% of the market share in 2024.
- Large Enterprises: Accounted for 78.4% of the market share in 2024.
- BFSI Sector: The largest industry vertical, commanding 30.6% of the market share in 2024.
- North America: Held 39.2% of the global market, valued at approximately USD 1.8 billion in 2024.
- U.S. Market: Projected to be valued at USD 1.50 billion in 2024, with a CAGR of 43.4%.
🔴 𝐇𝐮𝐫𝐫𝐲 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭 𝐅𝐨𝐫 𝐋𝐢𝐦𝐢𝐭𝐞𝐝 𝐏𝐞𝐫𝐢𝐨𝐝 𝐎𝐧𝐥𝐲 @ https://market.us/purchase-report/?report_id=139668
Regional Analysis
In 2024, North America led Agentic AI in the Fraud Detection & Prevention Market, accounting for 39.2% of the global share with a market value of approximately USD 1.8 billion.
This region’s dominance is largely driven by advanced technology adoption, robust cybersecurity infrastructure, and a high concentration of key players offering AI-driven solutions. The U.S. market is particularly strong, projected to reach USD 1.50 billion in 2024, growing at a CAGR of 43.4%.
Europe follows with significant growth potential, driven by increasing cybersecurity threats and government regulations. Meanwhile, the Asia Pacific market is growing at a rapid pace due to rising e-commerce activities, digital banking, and increasing adoption of AI technologies.
Latin America and Middle East & Africa are expected to experience steady growth as businesses across these regions increasingly adopt AI-based solutions for fraud prevention, particularly in the banking and financial sectors. However, North America’s technological edge and investments in AI research ensure its continued leadership.
Key Segmentation
- Solution Type: The market is dominated by solution-based offerings, which accounted for more than 74.6% of the share in 2024. These solutions focus on automating fraud detection processes using AI, reducing manual intervention, and improving accuracy in identifying suspicious activities.
- Application: The Identity Theft segment held a significant market share of 38.5% in 2024. This is driven by the increasing need for AI-based solutions to protect personal and sensitive data across various sectors like banking and e-commerce.
- Enterprise Size: Large Enterprises dominate the market, comprising over 78.4% of the market share in 2024. These businesses often have large-scale operations and more advanced needs for fraud detection.
- Industry Vertical: The BFSI (Banking, Financial Services, and Insurance) sector remains the largest user of AI in fraud detection, commanding more than 30.6% of the market share, due to the sector’s high vulnerability to financial fraud.
Key Market Segments
Component
- Solution
Fraud Analytics
Authentication
Governance, Risk, and Compliance
Others - Services
Professional Services
Managed Services
Application
- Identity Theft
- Money Laundering
- Payment Fraud
- Others
Organization
- SMEs
Large Enterprises
Vertical
- BFSI
- Government and Defense
- Healthcare
- IT and Telecom
- Industrial and Manufacturing
- Retail and E-commerce
- Others
Key Player Analysis
Key players in the Agentic AI in the Fraud Detection & Prevention Market include OpenAI, Google DeepMind, Microsoft, Meta Platforms, and Anthropic PBC, alongside emerging companies like Cohere Inc., Adept AI Labs, and Runway ML.
These companies lead the market by developing advanced AI models that automate fraud detection, improve accuracy, and enhance security. Large technology firms are increasingly focusing on AI-driven solutions for financial services and cybersecurity.
Their investments in R&D and acquisitions of AI startups are accelerating innovations, further expanding their market influence, particularly in the BFSI sector, where fraud prevention is critical.
Top Key Players in the Market
- ACI Worldwide
- BAE Systems
- Dell Inc.
- Equifax, Inc.
- Experian Information Solutions, Inc.
- Fiserv, Inc
- IBM Corp.
- NICE
- Oracle Corporation
- SAP SE
- SAS Institute Inc.
- LeewayHertz
- Others
Recent Developments
In 2024, several notable developments have shaped the Agentic AI in Fraud Detection & Prevention Market. Microsoft launched new fraud detection tools utilizing AI-powered predictive analytics to enhance security for financial institutions.
These tools focus on real-time threat detection, helping companies mitigate risks before fraud events occur. Similarly, Google DeepMind unveiled advancements in their AI models to improve fraud detection accuracy in the banking and e-commerce sectors, focusing on reducing false positives.
Moreover, OpenAI collaborated with major fintech companies to integrate GPT-based models for detecting patterns and identifying suspicious activities across vast data sets. Additionally, Meta Platforms introduced AI-driven fraud prevention capabilities into their social media platforms, targeting account takeovers and unauthorized financial transactions.
Conclusion
The Agentic AI in Fraud Detection & Prevention Market is poised for significant growth, driven by advancements in AI technology and increasing demand for robust fraud prevention across sectors like banking, e-commerce, and insurance. With a projected CAGR of 45.70%, the market will see widespread adoption of AI-based solutions, particularly in large enterprises and BFSI.
North America remains a dominant player, supported by major investments from companies like Microsoft, Google, and OpenAI. As cyber threats evolve, the need for AI-driven security solutions will continue to surge, fostering opportunities for innovation and expanding market potential.
➤ 𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐎𝐭𝐡𝐞𝐫 𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐓𝐨𝐩𝐢𝐜𝐬
- Agentic AI in Cybersecurity Market – https://market.us/report/agentic-ai-in-cybersecurity-market/
- Agentic AI in Enterprise IT Market – https://market.us/report/agentic-ai-in-enterprise-it-market/
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