Press release
Fraud Detection and Prevention Market - Technological Advancements, Evolving Industry Trends and Insights 2014 - 2020
Any illegal act involving the obtaining of something of value through willful misrepresentation is called fraud. Fraud detection and prevention systems (FDP) are those software applications which are used to provide analytical solutions for detection and prevention of fraud in future. Authentication solutions and fraud analytical solutions form the core of FDP systems.Download PDF Brochure @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=2569
FDP systems analyze data from wide range of data sources for possible inaccuracies. It analyzes patterns, anomalies and trends in the transactions.Rise in the enterprise data and its complexity, industry specific requirements, and increase in cost of fraud, are some of the factors acting as drivers for FDP market. Apart from these, technological advancements and regulatory changes will also drive the demand for FDP.
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With high concentration of business enterprises, North America is expected to hold major share for FDP market in upcoming years, followed closely by Europe which has also shown similar trends. Asia-pacific is expected to provide highest growth rate due to globalization and new investment regulations fuelling the rise in number of small and medium scale enterprises (SME’s).
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