Global Fraud Detection and Prevention Market will multiply at an impressive CAGR of 17% by 2027 & Top Key Players Oracle Corporation, IBM Corporation, ACI Worldwide, Inc., Fair Isaac Corporation, SAS Institute Inc., Lavastorm and SAP SE

The market can be segmented on the basis of service, solution, application, enterprise, end-use industry. On the basis of service, it is sub-segmented into professional service and managed service. On the basis of solution, it is sub-segmented into money laundering, insurance claims, electronic payment and others. On the basis of application, it is sub-segmented into small & medium enterprises and large enterprises. On the basis of end-use industry, it is sub-segmented into telecommunication, BFSI, retail, healthcare, government/public sector, energy and power, real estate, manufacturing and others.

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Fraud detection and prevention market is anticipated to record a CAGR of 17% over the forecast period. The market is expected to attain a total value of USD 50 billion by 2027. The increasing fraud related activities across the globe is major factor driving the growth of overall market during the forecast period. Additionally, the various organizations are increasingly adopting various modeling methods such as statistical modeling and data mining. Thus, it is expected to propel the growth of overall market during the forecast period.

On the basis of regional analysis, global fraud detection and prevention market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. North America is the largest region of overall fraud detection and prevention market during the forecast period. The presence of highly developed IT network coupled with high penetration of internet in the region lead to growth of overall market in the region during the forecast period. Asia-Pacific region is expected to showcase highest growth during the forecast period. This is attributed to the increasing number of fraud related activities in the region coupled with rapid expansion of small and medium scale industries in the region.

Increasing technological development is expected to boost the growth of overall market
The advent of technologies such as cloud computing and big data analytics is expected to boost the growth of overall market. The cloud computing allows enhanced control to the data and increases security compliance. The increasing number of enterprise across the globe leads to high adoption of cloud services which in turn is a major factor for the expansion of fraud detection and prevention market.

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The report titled “Global Fraud Detection and Prevention Market: Global Demand Analysis & Opportunity Outlook 2027” delivers the detailed overview of the global fraud detection and prevention market in terms of market segmentation by service, by solution, by application, by enterprise, by end-use industry and by region.

Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model. This report also provides the existing competitive scenario of some of the key players of the global fraud detection and prevention market which includes company profiling of key companies such as Oracle Corporation, IBM Corporation, ACI Worldwide, Inc., Fair Isaac Corporation, SAS Institute Inc., Lavastorm, SAP SE, BAE Systems and ThreatMetrix. The outlining enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments.

On the whole, the report depicts detailed overview of the global fraud detection and prevention market that is expected to help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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