Press release
Fraud Detection and Prevention (FDP) Market Insights | Key Players: IBM, FICO, iovation, SAS Institute, BAE Systems, DXC Technology and SAP
According to recent research "Fraud Detection and Prevention (FDP) Market by Solution (Fraud Analytics, Authentication, and Governance), Service, Application Area (Identity Theft, Payment Frauds, and Money Laundering), Organization Size, Vertical, and Region - Global Forecast to 2023", The FDP market size is expected to grow from USD 19.5 billion in 2018 to USD 63.5 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 26.6% during the forecast period. Growth factors for the FDP market include increasing revenue losses faced by the organizations due to growing frequency and sophistication of cyber frauds and attacks and rapid growth in electronic transactions.Browse 116 market data Tables and 58 Figures spread through 219 Pages and in-depth TOC on "Fraud Detection and Prevention (FDP) Market"
https://www.marketsandmarkets.com/Market-Reports/fraud-detection-prevention-market-1312.html?utm_source=OpenPr
Identity theft application area segment to grow at the highest CAGR from 2018 to 2023
FDP solutions help organizations operate efficiently while saving costs, which has been the key factor for the market growth. The FDP market by application area has identity theft, payment fraud (electronic payment fraud, mobile payment fraud, and credit card or debit card frauds), money laundering, and others (including banking transactions and fund transfers) segments. The identity theft application area segment is expected to register growth at the highest CAGR in the FDP market during the forecast period. Identity theft or identity fraud is misusing a person’s identity or credentials by some other person for fraudulent transactions or criminal activities. The stolen identity is used by cyber criminals for making fraudulent purchases or transactions for their personal gains.
Increase in the frequency and sophistication of cyber frauds and attacks to drive the FDP market during 2018–2023
The FDP market by vertical covers Banking, Financial Services, Insurance (BFSI), retail, telecommunication, government/public sector, healthcare, real estate, energy and power, manufacturing, and other verticals. Among them, the retail vertical is expected to grow at the highest CAGR from 2018 to 2023. The vertical has always been a target for fraudsters, because of several monetary transactions been carried out via VISA, MasterCard, and other payment processing networks. Moreover, it is always on the top in terms of cost-cutting, revenue margins, and the adoption of the latest technologies. With the growth in eCommerce, retailers are facing several issues, including fraudulent transactions. The banking vertical is estimated to hold the largest market size in 2018, due to the increased adoption of FDP solutions. The BFSI vertical is also a major target for cyber criminals, as it holds sensitive information of employees, customers, assets, offices, branches, and operations. Moreover, due to its amount of transactions (both monetary and data centric), number of transactions, technological advancements, and digitalization of financial sector, the possibility of frauds in the BFSI vertical is increasing significantly.
Get Free 10% Customization@ https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=1312&utm_source=OpenPr
North America to dominate the global FDP market in 2018
North America is estimated to hold the largest market size in the FDP market by region in 2018, as the region is a mature and well-established market with a healthy risk appetite and inclination toward technological innovations. The FDP market in Asia Pacific (APAC) is expected to grow at the highest CAGR between 2018 and 2023. Major growth factors for the APAC market include increasing technology adoption, significant opportunities across industry verticals, and strict directives for data privacy in APAC countries, especially India and China.
The report covers different growth strategies, such as mergers and acquisitions, partnerships and collaborations, business expansions, and product developments, adopted by major players to increase their market share. Major technology vendors in the global FDP market include 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), and Simility (US).
FICO is one of the prominent players in the FDP marketspace. The company’s flagship products, FICO Falcon Platform and FICO Falcon Fraud Manager, help discover new fraud patterns. The products offer real-time protection to enterprises and can be deployed on-premises and in the cloud. FICO products also help increase customer value and reduce frauds, credit losses, and operating expenses. The company has a strong clientele in the US and generates 64% of its revenue from the country alone. The company has focused its efforts on strengthening its product portfolio, as its invested 11.9% of its annual revenue in R&D activities in 2017. The company has also been expanding to new locations to tap new opportunities. For instance, in October 2016, the company established a sales operations office in Bozeman, Montana.
iovation is among the leading vendors of FDP solutions and services. Its prime focus is to offer product innovations and world-class customer services, which would help sustain its market growth and expand its customer base in FDP markets across the regions. The company provides global insights on over 5 billion devices and protects over 35,000 websites and apps. An increasing number of partnerships have helped the company establish its leadership in the market. iovation has partnered with various solution developers and banks across the globe to offer its FDP solutions.
Inquire Before Buying@ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=1312&utm_source=OpenPr
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Fraud Detection and Prevention (FDP) Market Insights | Key Players: IBM, FICO, iovation, SAS Institute, BAE Systems, DXC Technology and SAP here
News-ID: 1447116 • Views: …
More Releases from MarketsandMarkets

Laser Interferometer Market Set to Grow at the Fastest Rate- Time to Grow your R …
The global laser interferometer market is expected to be valued at 315 million in 2024 and is projected to reach USD 447 million by 2029, at a CAGR of 7.2% from 2024 to 2029. Emerging applications in industries push the market's growth due to the growing demand for precision in the manufacturing sector. However, challenges such as higher initial investments and maintenance costs cause problems. Despite these, opportunities arise for…

With 19.6% CAGR, Battery Testing, Inspection, and Certification Market Growth to …
The battery testing, inspection, and certification market is projected to reach USD 36.7 billion by 2029 from USD 14.9 billion in 2024 at a CAGR of 19.6% during the forecast period. Increasing adoption of EVs and energy storage systems, rising enforcement of stringent standards to ensure battery safety, thriving portable electronics industry, and rapid advances in battery technology are the major factors contributing to the market growth.
Download PDF Brochure @…

Real-Time Location Systems Revolutionize Healthcare: Insights from MarketsandMar …
The global RTLS market for healthcare is projected to grow from USD 2.3 billion in 2024 to USD 5.7 billion by 2029, at a compound annual growth rate of 19.6% from 2024 to 2029. As it attracts more and more players who enter this market with innovative RTLS features for customers, the market for RTLS technology is rapidly increasing. Top companies in this market focus on healthcare, retail, and manufacturing…

Offsite Data Center Power Infrastructure Market Size to Reach $35.4 billion by 2 …
According to a research report "Offsite Data Center Power Infrastructure Market by Component (Solutions and Services), Vertical (BFSI, Media & Entertainment, Government & Defence, Healthcare, Manufacturing, IT & Telecom, Retail) and Region - Global Forecast to 2030" published by MarketsandMarkets, the market size for global offsite data center power infrastructure market is projected to reach approximately USD 35.4 billion by the year 2030, as compared to the estimated value of…
More Releases for FDP
Fraud Detection and Prevention (FDP) Market 2022 Driving Factors Forecast Resear …
The global FDP market is anticipated to grow at a significant CAGR of 18.3% during the forecast period. The increased adoption of AI in banking and insurance sector is fuleing the FDP market globally. Businesses are taking advantage by using AI to detect fraud which enhances their internal security and simplify corporate operations due to which it has emerged as significant tool to avoid the financial crimes. Various companies…
Fraud Detection and Prevention (FDP) Market Comprehensive Analysis, Growth Forec …
Details Overview Of Fraud Detection and Prevention (FDP) Market Insights 2022
This section discusses about various aspects of Fraud Detection and Prevention (FDP) sector, including its size, trends, revenue forecasts and Latest Update: This has brought along several changes this report also covers the impact of Current COVID-19 situation. Sample Request Now
The Fraud Detection and Prevention (FDP) Market Research literature also presents sections exclusive to assessing and concluding the revenue prospects for…
Top Ranking Pilani School JMA FDP Anger Management Session by Banasthali Profess …
Smt. Jamuna Mishra Academy JMA popularly known as school with year after year 100% results established in the year 2004 is presently one of the most sought after schools at Pilani considered as Oasis in the desert state of Rajasthan. It is a matter of great pride that alumni of JMA are presently pursuing higher education in various institutions which include Institution of Eminence BITS Pilani and second best women's…
JMA Pilani FDP on Adolescence Happiness Early Childhood Education & Effective Te …
No one has doubt that Education can be transformed only by educating the educator, and not merely by creating a new pattern, a new system of action, etc.
Smt. Jamuna Mishra Academy (JMA) established in the year 2004 is presently one of the most sought after schools at Pilani considered as Oasis in the desert state of Rajasthan well known in India today for top ranking institutions like GD Birla founded…
Banasthali FDP under PMMMNMTT Inauguration by Mr Amit Kumar NPCIL Rawatbhata
Faculty Development Centre at Banasthali organized a one week Faculty Development Program on the theme “Interdisciplinary Dimensions of Chemical Engineering” during 21 – 27 July 2018. Chemical Engineering Department Banasthali facilitated the program with Prof BR Natarajan as Coordinator, Prof Satish Shukla as Convenor and Mr Deepak Kumar as Co Convenor.
Pandit Madan Mohan Malviya National Mission on Teachers and Teaching (PMMMNMTT) is a Scheme launched by the Ministry of Human…
Fraud Detection and Prevention (FDP) Market Competitive Dynamics & Global Outloo …
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. FDP systems analyze data from wide range of data sources for possible inaccuracies. It analyzes patterns, anomalies…