Press release
2020 Fraud Detection and Prevention (FDP) Market to Boom $41590 Million Value by 2025 | IBM, FICO, Oracle, SAS Institute, BAE Systems, SAP, Fiserv, NICE Systems
Fraud Detection and Prevention (FDP) Market
Overview of Global Fraud Detection and Prevention (FDP) Market:
The Global Fraud Detection and Prevention (FDP) Market has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Fraud Detection and Prevention market size to maintain the average annual growth rate of 21.35% from USD 9300 Million in 2014 to USD 16620 Million in 2019, market analysts believe that in the next few years, Fraud Detection and Prevention market size will be further expanded, we expect that by 2025, The market size of the Fraud Detection and Prevention will reach USD 41590 Million.
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Some of the significant key factors driving the growth of the Global Fraud Detection and Prevention (FDP) Market are rapid growth in revenue losses for organizations due to the rising fraudulent attacks, increasing use of electronic transactions across all the verticals and increasing sophistication level of cyber-attacks across all regions will contribute to the growth of the overall Fraud Detection and Prevention (FDP) Market.
The Global Fraud Detection and Prevention (FDP) Market is segmented on the basis of Type, Application and Region. Based on the Type, the Global Fraud Detection and Prevention (FDP) Market is sub-segmented into Fraud Analytics, Authentication, GRC Solution and others. On the basis of Application, the Global Fraud Detection and Prevention (FDP) Market is classified into Insurance claims, Money laundering, Electronic payment, Mobile payment and others.
In terms of the geographic analysis, The Fraud Detection and Prevention (FDP) Market in North America is expected to grow at the highest CAGR during the forecast period. Moreover, the presence of major players in the Fraud Detection and Prevention (FDP) Market ecosystem results in the increasing adoption of these systems in North America.
Global Fraud Detection and Prevention (FDP) Market Objectives:
1 To provide detailed information regarding key factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the growth of the Fraud Detection and Prevention (FDP) Market
2 To analyze and forecast the size of the Fraud Detection and Prevention (FDP) Market, in terms of value and volume
3 To analyze opportunities in the Fraud Detection and Prevention (FDP) Market for stakeholders and provide a competitive landscape of the market
4 To define, segment, and estimate the Fraud Detection and Prevention (FDP) Market based on deposit type and end-use industry
5 To strategically profile key players and comprehensively analyze their market shares and core competencies
6 To strategically analyze micromarkets with respect to individual growth trends, prospects, and contribution to the total market
7 To forecast the size of market segments, in terms of value, with respect to main regions, namely, Asia Pacific, North America, Europe, the Middle East & Africa, and South America
8 To track and analyze competitive developments, such as new product developments, acquisitions, expansions, partnerships, and collaborations in the Fraud Detection and Prevention (FDP) Market
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Top Leading Key Manufacturers are: IBM, FICO, Oracle, SAS Institute, BAE Systems, DXC Technology, SAP, ACI Worldwide, Fiserv, ThreatMetrix, NICE Systems, Experian, LexisNexis and others. New product launches and continuous technological innovations are the key strategies adopted by the major players.
Top Industry News:
SAS Institute (January 13, 2020) - SAS delivers priceless retail planning capabilities in the hypercompetitive Age of Amazon - Recent enhancements to the SAS Intelligent Planning Suite have infused it with artificial intelligence (AI) and cloud agility to help companies localize assortments, optimize inventory, automate forecasting and maximize profits. Leading companies like Carrefour, Grupo Exito and Nestle rely on analytics leader SAS and its proven portfolio of software and services to succeed despite fierce competition.
Effective planning makes a bottom-line difference whether a retailer sells electronics, groceries or apparel. Manufacturing goods like candy bars, tires or blue jeans also require precise forecasting and planning. In the end, the most successful companies use data and analytics like artificial intelligence (AI) and machine learning to satisfy shifting consumer demand.
For Grupo Exito, South America's largest retail group, demand planning is a critical function that influences the business from sales and staffing to production and inventory replenishment. With 2,600 brick-and-mortar outlets and a thriving online business, improving its inventory position even by a small percentage can result in big improvements overall. In Grupo Exito's case, a foundation of SAS analytics helps reduce and optimize inventory, improve forecast accuracy, improve demand planning efficiency, and analyze demand data in nearly real time. Formerly constrained by data, Grupo Exito now freely manages burgeoning databases. That agility helps the retailer manage its supply chain more precisely.
"Before we couldn't have future forecasts; we could only plan one week ahead," said Sandra Orrego, Demand Planning Manager at Grupo Exito. "Now with SAS, we can plan 52 weeks ahead which helps us make more accurate purchases, manage inventory volume, decrease shrink and increase sales without having so many inventories."
Region segment: This report is segmented into several key regions, with sales, revenue, market share (%) and growth Rate (%) of Fraud Detection and Prevention (FDP) in these regions, from 2013 to 2025 (forecast), covering: North America, Europe, Asia Pacific, Middle East & Africa and South America
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Major Points in Table of Contents:
Global Fraud Detection and Prevention (FDP) Market Report 2020
1 Fraud Detection and Prevention (FDP) Product Definition
2 Global Fraud Detection and Prevention (FDP) Market Manufacturer Share and Market Overview
2.1 Global Manufacturer Fraud Detection and Prevention (FDP) Shipments
2.2 Global Manufacturer Fraud Detection and Prevention (FDP) Business Revenue
2.3 Global Fraud Detection and Prevention (FDP) Market Overview
3 Manufacturer Fraud Detection and Prevention (FDP) Business Introduction
3.1 IBM (US) Fraud Detection and Prevention (FDP) Business Introduction
3.2 FICO (US) Fraud Detection and Prevention (FDP) Business Introduction
3.3 Oracle (US) Fraud Detection and Prevention (FDP) Business Introduction
3.4 SAS Institute (US) Fraud Detection and Prevention (FDP) Business Introduction
3.5 BAE Systems (UK) Fraud Detection and Prevention (FDP) Business Introduction
3.6 DXC Technology (US) Fraud Detection and Prevention (FDP) Business Introduction
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