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Global Fraud Detection And Prevention Market Analysis 2025- ACI Worldwide, Avast, DXC Technology, ESET, Experian, Fiserv, First Data Corporation, FRISS, Guardian Analytics, IBM, LexisNexis Risk Solutions, SAP, SAS, Trulioo, Verifi Inc., Webroot

04-02-2020 12:37 PM CET | IT, New Media & Software

Press release from: DecResearch.com

/ PR Agency: Fraud Detection And Prevention Market
Global Fraud Detection And Prevention Market Analysis 2025- ACI

Fraud detection and prevention market share is gaining immense momentum due to increasing cases of corporate economic theft and other financial crimes which lead to considerable revenue losses. Additionally, growing demand to track and secure real-time transactions is driving technological advancements in the field of digital payment, adding impetus to global fraud detection and prevention industry trends. Several government initiatives aim at securing online financial transactions carried out by the citizens and are spreading awareness about e-payment fraudulence along with levying stringent regulations.

The burgeoning e-commerce sector is substantially driving the digital payments domain and providing opportunities to people involved in fraudulent activities. The e-commerce market in emerging countries is particularly ripe for the taking, with Indian e-commerce sector itself projected to surpass USD 120 billion by 2020. Rising penchant for online shopping and e-banking will certainly offer lucrative growth prospects for fraud detection and prevention market.

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The Major Key Players in the Market are as follows:
o ACI Worldwide
o Avast
o DXC Technology
o ESET
o Experian
o Fiserv
o First Data Corporation
o FRISS
o Guardian Analytics
o IBM
o LexisNexis Risk Solutions
o SAP
o SAS
o Trulioo
o Verifi Inc.
o Webroot

Fraud detection and prevention market share from banking sector will also depict a rise on account of rising product deployment in credit & debit card applications. Estimates claim that credit & debit card fraud application segment accounted for 30% of fraud detection and prevention industry share in 2018 and is expected to register a substantial revenue by the end of the projected timeline. This can be attributed to the increase in digital payment usage, trend of cashless transactions, and rising deployment of chips in credit & debit cards that banks provide on a consistent basis.

The global fraud detection and prevention market from education sector is speculated to encounter a significant growth rate between the forecast years, owing to the dearth of the internal controls, uncertain reporting channels, and insufficient management reviews and fraud monitoring.

The retail sector has been a long-time victim of the counterfeit payments or in-store credit frauds. With more retailers opting the e-commerce means of trade, the online transactions are anticipated to rise whilst increasing the number of duplicity encounters. This calls for the demand for fraud detection and prevention solutions given that digital payments are at their peak.

It has been claimed that integrating a software technology to restrict the occurrence of fraud would prove to be of a great help to the merchants and the issuers. As the expanse of e-commerce industry widens, especially across the emerging economies of the APAC, fraud detection and prevention market will exhibit a massive surge.

While the demand for FDP services has been rising across several regions such as Europe, MEA and APAC, North America is likely to emerge as one of the more profitable revenue terrains for fraud detection and prevention market share.

The financial and insurance sector in the U.S. was valued at USD 1.5 trillion and represents one of the most liquid financial markets in the world.

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The robust financial sector in North America is experiencing increasing attempts at financial frauds and thefts. Reportedly, over 74% of the financial institutions based in North America have reported online or mobile fraud losses. It was estimated that by 2022, the financial organizations would spend over USD 9.3 billion annually on tools for fraud detection and prevention.

The presence of global financial multinationals as well as leading security service providers in North America will significantly amplify fraud detection and prevention market in the years ahead.

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Website: - https://www.decresearch.com/
Email: info@decresearch.com

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