Fraud Detection and Prevention Market Overview :

Global Fraud Detection and Prevention Market is estimated to reach $59.3 Billion by 2025; growing at a CAGR of 17.6% from 2017 to 2025.Fraud detection & prevention is a system used to provide analytical solutions for against fraud incidents and help to identify or prevent future occurrences. Fraud detection & prevention services helps establish a strong defence against breach of law, thus helping in the prevention and improvement of fraud-related activities. Recently, growing penetration of internet enabled services, and rising online transactions has escalated the fraudulent activities. They range from employees misapplication of identity card to large-scale scams, involving high-value contracts, thus leading to serious business allegations such as loss of reputation & principles.

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The growth of the global fraud detection and prevention market is mainly driven by factors such as rising fraudulent activities across various industries, increase in mobile and web banking applications, and increased loss of reputation and revenue for organizations. However, lack of integration capabilities and high initial cost of these solutions is the major hindrance for the market growth. Moreover, introduction of big data analytics and cloud computing, and introduction of AI and machine learning technologies for detecting frauds are expected to present potential growth opportunities over the forecast timeframe.

Solution, services, deployment, organization size, application, industry vertical, and geography are the segmentation of global fraud detection and prevention market. The solution segment is sub-segmented into fraud analytics (predictive analytics, social media analytics, customer analytics, behavioral analytics, bigdata analytics), and authentication (single-factor authentication, multifactor authentication). Services segment is bifurcated on the basis of managed services, and professional services. By deployment, the segment is given as on-premises, and cloud. The organization size is further categorized into small & medium-sized enterprises (SMEs), and large enterprises. Application segment includes insurance claims, electronic payment, money laundering, mobile payment, and other applications (banking transactions and fund transfers). Furthermore, by industry vertical, the segment in classified into BFSI, telecommunication, retail, government/public sector, healthcare, energy & power, manufacturing, real estate, and other (media & entertainment, travel & transportation, and life sciences).

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Based on geography, global fraud detection and prevention market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further bifurcated into U.S., Canada, and Mexico whereas Europe segment consists of UK, Russia, Germany, France, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.

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The prominent players operating in the market include Oracle Corporation, IBM Corporation, BAE Systems Plc, Lavastorm, Fair Isaac Corporation, ACI Worldwide, Inc., NCR Limited, ThreatMetrix, SAP SE, and SAS Institute Inc., among others

The key takeaways from the report

  • The report will provide detailed analysis of Global Fraud Detection and Prevention Market with respect to major segments such as solution, services, deployment, organization size, application, industry vertical, and geography
  • The report will include the qualitative and quantitative analysis with market estimation over 2016 – 2025 and compound annual growth rate (CAGR) between 2017 and 2025
  • Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
  • An exhaustive regional analysis of Global Fraud Detection and Prevention Market has been included in the report
  • Profile of the key players in the Global Fraud Detection and Prevention Market will be provided, which include key financials, product &services, new developments and business strategies

Scope of Global Fraud Detection and Prevention Market

Solution Segments

  • Fraud Analytics
    • Predictive Analytics
    • Social Media Analytics
    • Customer Analytics
    • Behavioral Analytics
    • Bigdata Analytics
  • Authentication
    • Single-Factor Authentication
    • Multifactor Authentication

Services Segments

  • Managed Services
  • Professional Services

Deployment Segments

  • On-Premises
  • Cloud

Organization Size Segments

  • Small & Medium-Sized Enterprises (SMEs)
  • Large Enterprises

Application

  • Insurance Claims
  • Electronic Payment
  • Money Laundering
  • Mobile Payment
  • Other Applications (Banking Transactions and Fund Transfers)

Industry Vertical Segments

  • BFSI
  • Telecommunication
  • Retail
  • Government/Public Sector
  • Healthcare
  • Energy & Power
  • Manufacturing
  • Real Estate
  • Other (Media & Entertainment, Travel & Transportation, and Life Sciences)

Geographical Segments

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Russia
    • Germany
    • France
    • Rest of Europe
  • Asia-Pacific
    • India
    • China
    • Japan
    • Rest of Asia-Pacific
  • RoW
    • South America
    • Middle East
    • Africa

 global-fraud-detection-and-prevention-market-primary-interviews-by-geography


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