Press release
Fraud Detection and Prevention Market Business Overview to 2025 are dominated by key players : IBM, CSC, Oracle FICO, LexisNexis, EMC Corporation, Equifax and Bosch Software Innovations GmbH
IT companies provide fraud detection and prevention services and solutions to different organizations. These solutions involve finding patterns and anomalies by analyzing the data to detect fraud. The solution controls user access through authentication and verification for fraud prevention. The fraud detection and prevention solution detects fraud and inconsistencies in customer transactions and, therefore, provides a controlled environment for the exchange of information, communication and strategic advice, the assessment of fraud risk. These IT solutions help companies avoid fraud and financial losses. The fraud detection and prevention software provides a company-wide solution for managing threats and cyber-attacks to improve operational efficiency by reducing losses and damages to business reputation.
Fraud Detection and Prevention Market Size expected to reach USD 63.18 billion by the end of 2025 and this market estimated to be growing at an impressive CAGR of 19.23% from 2018 to 2025.
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Drivers and restrictions:
The emergence of electronic banking, e-commerce, payment portfolios and the adoption of IP-based services is driving the growth of online transactions. This, in turn, increases revenue losses due to fraudulent activities, which contributes to the demand for these solutions around the world. The rapid technological advance and the increasing presence of consumers for online transactions have led to fraud becoming one of the fastest emerging threats for all companies and organizations. This should promote the growth of the market in the coming years. Information technology and the internet have gained popularity in various industries, increasing the vulnerability of organized and automated crime and embezzlement by hackers. These are the determining factors in the growth of the Fraud detection and prevention market. The enormous costs of implementation are the main factors that hinder the detection of fraud and prevent market growth. The lack of availability of pre-deployment measures also has a negative impact on the market.
Geographical segmentation of Fraud detection and prevention market:
Based on geography, the Fraud Detection and Prevention Market has been segmented into regions such as North America, Europe, Asia Pacific, Latin America and the Middle East and Africa. The advances in the technology and growing economies of the nations are supporting the demand for fraud detection and prevention software across various industries.
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Key Players of Fraud Detection and Prevention Market:
The main manufacturers of Fraud Detection and Prevention Market are IBM, CSC, Oracle FICO, LexisNexis, EMC Corporation, Equifax and Bosch Software Innovations GmbH. Other key players include SAP, Fiserv, NICE Actimize and Computer Sciences Corporation.
Scope of the report:
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided.
The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.
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