Fraud Detection and Prevention Market will reach US$ 31.11 Billion by 2023 | CAGR: 16.62% | Top Key Players - SAP SE, SAS Institute, IBM, Fiserv, Experian, Dell EMC, DXC Technology

Marketprognosis.com Publish a New Market Research Report On “Global Fraud Detection and Prevention Market 2018 - 2023” which contains global key player’s survey information and forecast to 2023.

Overview of the Global Fraud Detection and Prevention Market:

The Global Fraud Detection and Prevention Market was valued at USD 12.37 Billion in 2017, and is expected to reach USD 31.11 Billion by 2023, registering a CAGR of 16.62% during the forecast period of 2018-2023.

The need for fraud detection and prevention solutions has been increasing, with the rising revenue losses due to the rise in number of frauds across the globe. Such solutions are required mostly in industries that have more monetary transactions, such as BFSI, telecommunications, government, and retail sectors. The adoption rate of fraud and prevention solutions has also been increasing in other industries, such as professional services, manufacturing, healthcare and transportation.

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With the booming e-commerce industry, the banking and financial sector is experiencing a steep increase in the number of online transactions. The rise of online transactions is also helping SME owners to avoid huge costs of establishing centers in big cities. Personalized banking services for customers, such as ATM kiosks, mobile banking, internet banking, and social media, are the driving forces for digital transactions. Emerging payment gateways, such as PayPal, AliPay, Apple Pay, CCAvenue, Google Wallet, PayZippy, CitrusPay, and EBS, are facilitating safe and secure authorization of payments.

The transaction carried out at a bank branch is 30 times more expensive, when compared to an online transaction. It is a matter of providing convenience to customers of those banks, who have their presence through branch banking. However, it is a necessity for banks with fewer branches to have an online presence. Citibank, with its more than 100 years of existence in India, gets 60% of its transaction requests through internet, whereas ICICI and HDFC experience 35-40% of online transactions. With more people gaining access to internet through their smartphones and other portable devices, lower-tier cities and underdeveloped regions can emerge as strong drivers of online shopping.

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Enterprises are now inundated with security aspects, while they are working on cloud migrations, influx of consumer devices, and other trends. Authenticating identities and privacy are becoming crucial tasks, which is why there is a growing adoption of multi-factor authentication services, as essential requirements in many organizations. There are more than 10 million Google authenticator downloads from the Play Store.

Major Key Players:

1 SAP SE

2 SAS Institute Inc.

3 IBM Corporation

4 ACI Worldwide Inc.

5 Fiserv Inc.

6 Experian PLC

7 Dell EMC

8 DXC Technology Company

9 Equifax Inc.

10 Easy Solutions Inc. and More………………….

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What Information does this report contain?

1 A detailed analysis of regulatory trends, drivers, industry pitfalls, challenges and growth opportunities for participants

2 Which are the leading market products, applications & regions and how will they perform by 2023?

3 What are the technologies & innovation trends, how will they evolve by 2023?

4 Which companies lead the industry, how are they positioned in the market in terms of sustainability, competency, production capacity and strategic outlook?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Fraud Detection and Prevention Market.

Table of Contents:

1 Introduction

2 Research Approach and Methodology

3 Executive Summary

4 Market Dynamics

5 Global Fraud Detection and Prevention Market Segmentation

6 Competitive Intelligence u2013 Company Profiles

7 Investment Analysis

8 Future of the Fraud Detection and Prevention Market

About us:

We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today’s complex and competitive marketplace through our quantitative & qualitative research methods.
We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
We believe in delivering actionable insights for your business growth and success.

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