Fraud Detection and Prevention Market 2019 Global Key Leaders: SAS Institute, SAP SE, BAE Systems, ACI Worldwide, Fiserv, Threatmetrix, Oracle, Fico

Market Research Future published a research report on “Fraud Detection and Prevention Market Research Report- Global Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Market Highlights

Fraud Detection and prevention market can be segmented on the basis of region these include North America, Europe, Asia-Pacific and Rest of the World. North America fraud detection and prevention market is growing owing to the increasing number of fraudulent activities in the region. Fraud rate in terms of revenue has decreased but the whole fraud incidents have increased considerably in recent years. The enormous increase in the volume of data handled by enterprises has led to the adoption of fraud detection and prevention solutions to protect critical data from attacks.

The Fraud Detection and Prevention Market is growing rapidly over 15% of CAGR and is expected to reach at USD 34 billion by the end of forecast period.

Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “The Fraud Detection and Prevention Market Research Report -Forecast to 2023”.

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Key Players:

The prominent players in the fraud detection and prevention market are – IBM Corporation (U.S.),Oracle Corporation (U.S.), Fico (Brazil), SAS Institute Inc. (U.S.), SAP SE (Germany), Computer Sciences Corporation (U.S.), BAE Systems (U.K.), ACI Worldwide (U.S.), Fiserv Inc. (U.S.), Threatmetrix (U.S.) among others.

Market Segmentation:

By solution, the global fraud detection and prevention market is segmented into fraud detection, authentication, and, data synthesis.
By service, the fraud detection and prevention market has been segmented into professional service, and, managed service.
By application, the fraud detection and prevention market has been segmented into insurance claims, money laundering, electronic payment, and, others.
By end-user, the global fraud detection and prevention market is segmented into small & medium enterprises, large enterprises.
By vertical, the market has been segmented into BFSI, retail, telecommunication, government/public sector, healthcare, real estate, energy and power, manufacturing, travel & transportation, media, entertainment, and, others.
Regional Analysis:

By region, the global fraud detection and prevention market is segmented into Asia Pacific, North America, Europe and Rest of the World. The North America market accounts for the maximum share of the global market. The concentration of global leaders in fraud detection and prevention in the region and the initiatives undertaken by them to strengthen foothold in the market will drive demand generation. Furthermore, Canada holds the first spot in the list of cashless economies with the U.S. also contributing significantly towards the adoption of non-cash payments in the region. The presence of developed cashless economies such as Sweden and the U.K. will fuel the growth of fraud detection and prevention market in Europe.

Asia-Pacific region will exhibit a steep rise in the growth of fraud detection and prevention market. The factors contributing towards the market expansion in the region include the presence of emerging economies, such as India and China, which are rapidly implementing FDP solutions. The growth in fraudulent activities in online payments will fuel the demand for fraud detection and prevention solutions in the region. Furthermore, the countries in the region are increasing inclination towards cashless transactions; for instance, Vietnam has announced its initiative about becoming 90% cashless retail economy by 2020. The growth of the global market will favor the market proliferation in Rest of the World region.

Industry News:

In July 2018, Myriad Connect, a Paris-based technology firm has announced its plan for launching an out of band authentication and SIM swap detection service which will help combat fraud in mobile financial services.

In July 2018, Wibmo, a payment security technology provider, has rolled out an upgraded anti-fraud solution for safeguarding electronic payments services.

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Intended Audience

Investors and consultants
System Integrators
Government Organizations
Research/Consultancy firms
Technology solution providers
IT Organizations
Fraud Detection and Prevention Solution Providers

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