Global Fraud Detection and Prevention Market Size And Forecast To 2025

The Global Fraud Detection and Prevention Market was valued at USD 14.65 billion in 2016 and is projected to reach USD 78.18 billion by 2025, growing at a CAGR of 20.45% from 2017 to 2025.

Any illegal act involving the obtaining of something of value through willful misrepresentation is called fraud. Fraud Prevention and Detection is the prevention and detection and adequate response to fraudulent activitiesand prevents unauthorized access. A fraud prevention and detection system helps in real-time user-level decision making, device fingerprinting, and comprehensive scoring models that directly correlate to data quality that benefits the clients to expand revenues, recapture lost opportunity costs, minimize charge backs, and centralize fraud intelligence system.

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Sample Infographics:

Market Dynamics:
1. Market Drivers
1.1 Incorporation of AI and machine learning for fraud detection
1.2 Increasing economies
1.3 Growing rate of online transaction over mobile and web applications
1.4 Rising fraudulent activities
1.5 Growing revenue loss for organizations
2. Market Restraints
2.1 Lack of awareness about possible fraudulent in various industries
2.2 Poor integration capabilities
2.3 Costly deployment
2.4 Prior detection of fraudulent activities

Market Segmentation:
The Global Fraud Detection and Prevention Market is segmented on the application, component, organization size, deployment model, vertical, and region.
1. By Application:
1.1 Mobile payment
1.2 Insurance claims
1.3 Electronic payment
1.4 Money laundering
1.5 Others

2. By Component:
2.1 Solution
2.1.1 Authentication
2.1.1.1 SFA
2.1.1.2 MFA
2.1.2 Fraud analytics
2.1.2.1 Social media analytics
2.1.2.2 Customer analytics
2.1.2.3 Predictive analytics
2.1.2.4 Behavioral analytics
2.1.2.5 Big data analytics
2.1.3 GRC solutions

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2.2 Service
2.2.1 Managed services
2.2.2 Professional services
2.2.2.1 Support and maintenance
2.2.2.2 Training and education
2.2.2.3 Consulting

3. By Organization Size:
3.1 Large Enterprises
3.2 Small and Medium Business

4. By Deployment Model:
4.1 Cloud-based
4.2 On-premise

5. By Vertical:
5.1 Government and Defense
5.2 IT and Telecommunications
5.3 Banking, Financial Services, and Insurance (BFSI)
5.4 Real Estate
5.5 Healthcare
5.6 Others

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6. By Region:
6.1 North America (U.S., Canada, Mexico)
6.2 Europe (Germany, UK, France, Rest of Europe)
6.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
6.4 Latin America (Brazil, Argentina, Rest of Latin America)
6.5 Middle East & Africa

Competitive Landscape:
The major players in the market are as follows:
1. Experian Information Solutions, Inc.
2. Lexisnexis
3. Fair Isaac Corporation
4. IBM Corporation
5. Oracle Corporation
6. ACI Worldwide, Inc
7. SAS Institute
8. Fiserv, Inc.
9. BAE Systems
10. Nice Systems Ltd.
11. DXC Technology (CSC)
12. Threatmetrix, Inc.
13. SAP SE

These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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