Lucintel's latest market report analyzed that fraud analytics provides attractive opportunities in the banking, financial services and insurance (BFSI), retail & e-commerce, government, healthcare, industrial & manufacturing, and travel and transportation markets. The fraud analytics market is expected to reach $XX billion by 2028 with a CAGR of 16% to 18%. In this market, Cloud is the largest segment by deployment mode, whereas BFSI is largest by end use industry.

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Based on deployment mode, the fraud analytics market is segmented into on-premise and cloud. The Cloud segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to the growing demand for cloud-based fraud detection and prevention software among the enterprises and growing interest in cloud-based solutions among small and medium-sized businesses (SMEs) due to their low investment needs.

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The Fraud Analytics Market is marked by the presence of several big and small players. Some of the prominent players offering fraud analytics include SAP SE, IBM, Sas Institute, ACI Worldwide, and Fiserv.

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