The global fraud detection & prevention market was valued at $13,644 million in 2016, and is expected to reach $40,610 million by 2023, growing at a CAGR of 17% from 2017 to 2023. The banking, financial services & insurance (BFSI) and manufacturing sector

The global fraud detection & prevention market size was valued at $13,644 million in 2016, and is expected to reach $40,610 million by 2023, growing at a CAGR of 17% during the forecast period. Fraud detection & prevention solutions are solutions offered by IT vendors against fraud incidents and help to detect or prevent such future occurrences.

Full Report: https://www.bigmarketresearch.com/fraud-detection-and-prevention-market

The current business scenario has witnessed an upsurge in the adoption of fraud detection & prevention solutions in developed as well as the developing regions. The companies adopt efficient techniques to provide customers with innovative and modernized security offerings. Introduction of big data analytics and cloud computing services, and increase in mobile payment drive the growth of the fraud detection & prevention market. Although continuous technological advancements prevailing in the market are promoting market expansion, factors such as high cost of these solutions may restrict the fraud detection & prevention market growth.

Request-Sample: https://www.bigmarketresearch.com/request-sample/2455225

The global fraud detection & prevention market is segmented based on solution type, services, deployment type, end user, industry vertical, and geography. On the basis of solution type, it is bifurcated into fraud analytics and authentication. The authentication segment accounted for the largest market share of around 57.9% in 2016, owing to high demand for effective fraud detection solutions and real-time operations due to increase in online payment transactions. The services segment is classified based on professional services and managed services. Managed services is expected to exhibit the highest growth rate during the forecast period, as they integrate with the company’s intellectual property to provide end-to-end solutions tailored to meet the organization’s exact requirements. Based on deployment model, the market is segmented into cloud and on-premises models. By end user, it is divided into small & medium enterprises (SMEs) and large enterprises (LE). Industries analyzed in this report include banking, financial service & insurance (BFSI); retail; healthcare; real estate; manufacturing; and others. The BFSI industry generated the highest revenue in 2016, accounting for around $3,498 million, and is expected to maintain its lead in the future. This growth is attributed to increase in number & frequency of sophisticated attacks in the banking sector, which has led to the development of analytical solutions to predict and prevent fraud. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific exhibits the highest rate of adoption of fraud detection solutions, while LAMEA is expected to grow at a significant growth rate, predicting a lucrative market growth for fraud detection & prevention solutions, especially in Brazil, South Africa, and Argentina.

Purchase-Enquiry: https://www.bigmarketresearch.com/purchase-enquiry/2455225

Key players operating in the global fraud detection & prevention market are IBM Corporation, Oracle Corporation, SAS Institute Inc., Fair Isaac Corporation., SAP SE, BAE Systems, ACI Worldwide, NCR Limited, Lavastorm Analytics, and ThreatMetrix.

KEY BENEFITS FOR STAKEHOLDERS

In-depth analysis of the global fraud detection and prevention market along with its dynamics is provided to understand the market scenario.
Quantitative analysis of the current trends and future estimations from 2016 to 2023 is provided to assist strategists and stakeholders to capitalize on prevailing opportunities.
Porter’s Five Forces analysis examines the competitive structure of the fraud detection and prevention market and provides a clear understanding of the factors that influence the market entry and expansion.
A detailed analysis of the geographical segments enables identification of profitable segments for market players.
Comprehensive analysis of the trends, sub-segments, and key revenue pockets are provided in the report.
Detailed analysis of the key players and their business strategies are anticipated to assist stakeholders to take informed business decisions.
Profile analysis of leading players that operate in the fraud detection and prevention market are provided in the report, which highlight the major developmental strategies.

Request-for-Discount: https://www.bigmarketresearch.com/request-for-discount/2455225

KEY MARKET SEGMENTS

By Solution Type

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

Professional
Managed
By Deployment Type

Cloud
On-Premises
By End User

Small & Medium Enterprises (SMEs)
Large Enterprises
By Industry Vertical

BFSI
Retail
Healthcare
Real Estate
Manufacturing
Others
By Geography

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

Request-for-Customization: https://www.bigmarketresearch.com/request-for-customization/2455225

Key players

IBM Corporation
Oracle Corporation
SAS Institute Inc.
Fair Isaac Corporation
SAP SE
BAE Systems
ACI Worldwide
NCR Limited
Lavastorm
ThreatMetrix

NEED MORE INFORMATION

Contact us
+ 1-800-910-6452
+1-971-202-1575
+91 20 66346066
--- or ---
help@bigmarketresearch.com

Making leaps strategically by taking recent trends, growth opportunities, and emerging markets into consideration is crucial for achieving targets and long-term growth in this fiercely competitive market. We, at Big Market Research, adhere to this principle to serve your research requirements better.

Big Market Research has a range of research reports from various publishers across the world. Our database of reports of various market categories and sub-categories would help you find the exact report you may be looking for. We are instrumental in providing quantitative and qualitative insights on your area of interest by bringing reports from various publishers at one place to save your time and money. A lot of organizations across the world are gaining profits and great benefits from information gained through reports sourced by us.

Big Market Research is striving to help businesses, investors, organizations, new entrants, and corporations by offering a collection of reports that cater to their research needs. Our research reports highlight current industry trends, development scope, and estimations of market size over the next few years. We reduce your efforts find the reports through a systematic approach and arrangement in appropriate categories and subcategories.

Moreover, we offer customization services for the research reports through a close coordination with publishers to understand and fulfill your research requirements. Big Market Research’s team of coordinators work closely with clients and publishers, assist them with expert inputs, and offer relevant and precise research reports to fulfill business requirements at the best price. Above all, we value a healthy business relationship.

Global Head Quarters

5933 NE Win Sivers Drive, #205, Portland, OR 97220 United States
call answer Direct:+1-971-202-1575
call answer Toll Free:+1-800-910-6452
email help@bigmarketresearch.com

This release was published on openPR.