Fraud Detection & Prevention Market to Witness Huge Growth from 2017-2023 and Focusing on Top Key Players - IBM , Oracle Corporation, SAS Institute , Fair Isaac Corporation, SAP

Fraud Detection & Prevention Market size was valued at $13,644 million in 2016, and is expected to reach $40,610 million by 2023, growing at a CAGR of 17% during the forecast period. Any illegal act involved in deceiving someone willfully with an unfair and unlawful intention for financial or any personal gain is termed as fraud. Fraud detection & prevention systems are software applications used to provide analytical solutions for against fraud incidents and help to identify or prevent future occurrences. North America was the dominant region for fraud detection solutions in 2016, owing to industrial expansion and rise in fraudulent activities. Currently, enterprises are more susceptible to incidents of frauds that may result in financial losses due to the generation of massive amounts of enterprise data and increase in technological advancements.

The introduction of big data analytics and cloud computing services, and rapid increase in mobile banking are key factors that drive the growth of the fraud detection & prevention market. Cloud infrastructure allows organizations to meet cloud security compliance requirements for encryption, separation of duties, and access control of protected data. In addition, increase in the generation of enterprise data and its complexity, high industry-specific requirements, and increase in incidence of fraud further supplement the fraud detection & prevention market growth.

Top Companies Covered in this Report:
IBM , Oracle Corporation, SAS Institute , Fair Isaac Corporation, SAP SE, BAE Systems, ACI Worldwide, NCR Limited, Lavastorm Analytics, and ThreatMetrix.

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The global fraud detection & prevention market is segmented based on solution type, services, deployment type, end user, industry vertical, and geography. On the basis of solution type, the market is bifurcated into fraud analytics and authentication. Services covered in the study include managed and professional. Based on the deployment model, the market is divided into cloud and on-premises models. By end user, it is categorized into small & medium enterprises (SME) and large enterprises (LE). By industry vertical, it is classified into banking, final services & insurance (BFSI); retail; healthcare; real estate; manufacturing; and others.

Major Types of Fraud Detection & Prevention covered are:
Predictive Analytics
Customer Analytics
Social Media Analytics
Bigdata Analytics
Behavioral Analytics

Major Applications of Fraud Detection & Prevention covered are:
BFSI
Retail
Healthcare
Real Estate
Manufacturing
Others
Managed

Fraud analytics accounted for the substantial market share of around 42.1% in 2016, as this solution assists in analyzing various forms of stored data and gathered information, and in converting them to actionable insights, thereby offering necessary actions required to prevent fraud. Further, the Fraud analytics segment is expected to generate the highest CAGR during the forecast period, owing to increase in implementation of various government regulations related to security for different industries to safeguard their user data.

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Fundamentals of Table of Content:

1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered

2 Global Growth Trends
2.1 Fraud Detection & Prevention Market Size
2.2 Fraud Detection & Prevention Growth Trends by Regions
2.3 Industry Trends

3 Market Share by Key Players
3.1 Fraud Detection & Prevention Market Size by Manufacturers
3.2 Fraud Detection & Prevention Key Players Head office and Area Served
3.3 Key Players Fraud Detection & Prevention Product/Solution/Service
3.4 Date of Enter into Fraud Detection & Prevention Market
3.5 Mergers & Acquisitions, Expansion Plans

4 Breakdown Data by Product
4.1 Global Fraud Detection & Prevention Sales by Product
4.2 Global Fraud Detection & Prevention Revenue by Product
4.3 Fraud Detection & Prevention Price by Product

5 Breakdown Data by End User
5.1 Overview
5.2 Global Fraud Detection & Prevention Breakdown Data by End User

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In the last section of the report, the global Fraud Detection & Prevention market additionally provides a detailed survey of the key competitors and the leading players in the market, based on the various objectives of an organization such as overview, profiling, product portfolio, the quantity of production, upstream raw material, downstream demand analysis, and the financial status of the organization. These key players have adopted the regional expansion, mergers & acquisitions, product portfolio expansion, partnerships, and collaborations as their key strategies to enhance their infiltration in the Global Fraud Detection & Prevention Market.

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