Global Fraud Detection and Prevention Market Expected to reach $120.2 billion by 2026 growing at a CAGR of 23.9%

Global Fraud Detection and Prevention market accounted for $17.52 billion in 2017 and is expected to reach $120.2 billion by 2026 growing at a CAGR of 23.9% during the forecast period. Growing demand for cloud-based security solutions, sophistication of cyber frauds and attacks and emergence of big data analytics are some key factors boosting the market growth. However, lack of skilled professionals is restricting market growth.

Any illegal act involving the obtaining of something of value through willful misrepresentation is called fraud. Fraud detection and prevention services and solutions are provided by IT companies to the various enterprises and organizations. The solution controls users are provided access by authentication and verification for fraud prevention. FDP systems analyze data from a wide range of data sources for possible inaccuracies. It analyzes patterns, anomalies and trends in the transactions. It identifies the outliers and reports the same in case of doubtful situations and transactions. FDP prevents unauthorized access from preventing fraud incidents. It also verifies user identity and maintains data integrity.

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By End User, Banking, Financial Services, and Insurance held significant growth during the forecast period. The growth is due to the growing adoption of these solutions due to the high requirement to strengthen authentication processes for customers. Based on geography, Asia Pacific commanded the largest market share due to increasing penetration of the Internet and growing usage of mobile data for various applications.

Some of the key players profiled in the Fraud Detection and Prevention market include IBM, FIS Global, Bae Systems, Lexisnexis Risk Solutions, Friss, DXC Technology, SAS Institute, First Data, Easy Solutions, Simility, Securonix, Guardian Analytics, Software AG, Fico, ACI Worldwide, Wirecard, Maxmind, Fiserv, Experian and Iovation.

Components Covered:
- Services
- Solution

Organization Sizes Covered:
- Large Enterprises
- Small and Medium-Sized Enterprises

Deployment Modes Covered:
- On-Premises
- Cloud

Fraud Types Covered:
- External
- Internal

Application Areas Covered:
- Money Laundering
- Identity Theft
- Payment Fraud

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Table of Contents

1 Executive Summary

2 Preface
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Futuristic Market Scenario
4 Porters Five Force Analysis
5 Global Fraud Detection and Prevention Market, By Component
6 Global Fraud Detection and Prevention Market, By Organization Size
7 Global Fraud Detection and Prevention Market, By Deployment Mode
8 Global Fraud Detection and Prevention Market, By Fraud Type
9 Global Fraud Detection and Prevention Market, By Application Area
10 Global Fraud Detection and Prevention Market, By End User
11 Global Fraud Detection and Prevention Market, By Geography
12 Key Developments
13 Company Profiling

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This release was published on openPR.