Fraud Detection and Prevention Market report provides analysis of top players in all regions with industry size, growth, revenue, cost, sales, technology, market insights, demand, trend, key statistics and industry forecasts to 2023.
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The Global Fraud Detection and Prevention (FDP) Market size is expected to grow from US$ 19.5 Billion in 2018 to US$ 63.5 Billion by 2023, at a Compound Annual Growth Rate (CAGR) of 26.6% during the forecast period.Major growth factors for the market include increasing revenue losses for organizations due to the rising fraudulent attacks, increasing use of electronic transactions across verticals, and an increasing sophistication level of cyber-attacks.
“Fraud analytics segment to grow at the highest CAGR during the forecast period”
The Fraud Analytics segment is expected to grow at the highest CAGR in the Fraud Detection and Prevention market during the forecast period.Fraud analytics is a critical discipline which involves set of analytical techniques to analyze enterprises’ systems and database to identify the vulnerabilities where fraud can happen. They help in monitoring and analyzing data from several data sources, detect anomalies, and suspicious and unusual behavior across all channels.
“Authentication segment to hold the largest market size during the forecast period”
The Authentication segment is expected to hold the largest market size during the forecast period. Authentication plays a very crucial role in the Fraud Detection and Prevention market, as the solution helps enterprises to protect customer identity from fraudsters. Various fraud authentication mechanisms, such as single-factor, multi-factor and risk-based authentications help enterprises to maintain the authenticity of transactions/information by blocking the unauthorized access to the information or identifying false inputs from users.
“North America to account for the largest market share, whereas Asia Pacific to grow at the highest CAGR”
North America is estimated to hold the largest market size and dominate the global Fraud Detection and Prevention market in 2018. The major growth drivers for the FDP market in the region include increasing adoption of digital technologies,and rising penetration of smartphones, and increasing so phistiction level of attacks across verticals. A large presence of vendors offering FDP solutions and services will further contribute to the market growth in North America.Asia Pacific(APAC) offers growth opportunities for major vendors offering FDP solutions and services,as APAC organizations are adopting FDP solutions due to the presence of large number of organizations and increasing fraudulent attacks on the enterprise data.
Top Companies in the Fraud Detection and Prevention Market include are
• IBM (US)
• FICO (US)
• SAS Institute (US)
• BAE Systems (UK)
• DXC Technology (US)
• SAP (Germany)
• ACI Worldwide (US)
• Fiserv (US)
• NICE Systems (Israel)
• Experian (US)
• LexisNexis Risk solutions (US)
• iovation (US)
• Friss (Netherlands)
• Dell technologies (US)
• First Data (US)
• Wirecard (Germany)
• Software AG (Germany)
• Easy Solutions (US)
• Distil Networks (US)
• Guardian Analytics (US)
• Securonix (US)
• MaxMind (US)
• Kount(US)
• Simility (US)
Report Highlights:
• To forecast the market size of the segments with respect to major regions, such as North America, Europe, APAC, MEA, and Latin America
• To profile the key players in the fraud detection and prevention market and comprehensively analyze their market size and core competencies
• To define, segment, and project the global market size for fraud detection and prevention market
• To define, describe, and forecast the Fraud Detection and Prevention market by component (solutions and services), deployment mode, organization size, application area, vertical, and region
• To provide detailed information about major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the Fraud Detection and Prevention market
• To analyze market opportunities for stakeholders by identifying the high-growth segments of the Fraud Detection and Prevention market
• To track and analyze competitive developments, such as new product launches; mergers and acquisitions; and partnerships, agreements, and collaborations in the global Fraud Detection and Prevention market.
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Competitive Landscape of Fraud Detection and Prevention Market
1 Overview
2 Competitive Scenario
2.1 Partnerships, Agreements, and Collaborations
2.2 New Product Launches/Product Enhancements
2.3 Mergers and Acquisitions
2.4 Business Expansions
Reason to Access this report:
The report will help the market leaders/new entrants in the fraud detection and prevention market with information on the closest approximations of the revenue numbers for the overall Fraud Detection and Prevention Market and the sub segments. It will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and to plan suitable go-to-market strategies.
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Source: MarketersMedia
Release ID: 499958
