Press release
What’s driving the fraud detection and prevention market trends? | Top key players are Arbutus Software, ACI Worldwide, Avast Software, DXC Technology, AVG, ESET Endpoint Security, Finserv, Experian, First Data, Friss, and FIS Global
Fraud Detection and Prevention (FDP) Market
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.
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Fraud analytics comprises an amalgamation of analytic technology coupled with human interaction that assists in the detection of possible fraud or theft. Fraud analytics help in identifying hidden patterns, facilitate data integration, harness the unstructured data, enhance the existing efforts and facilitates real-time alerts and reporting, thereby making them an integral component of fraud detection and prevention market.
The major players operating in the fraud detection and prevention market include ACI Worldwide, Avast Software, SAP, SAS Institute, and many others. Aided by a vast end-use landscape, FDP industry trends are likely to undergo a massive transformation in the years ahead.
The robust proliferation of FDP solutions in the BFSI industry is also evident from the fact that numerous finance companies are striving to adopt these systems in their operational processes. As per trusted reports, Visa, an American multinational financial service company recently announced the deployment of a new fraud threat detection and restricting technology developed to bolster the transaction security and the authenticity of its payment network.
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.
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Glimpse of Table of Content (ToC): -
Chapter 5. Fraud Detection and Prevention Market, By Component
5.1. Key trends, by component
5.2. Solution
5.2.1. Fraud analytics
5.2.1.1. Fraud analytics market estimates and forecast, 2014-2025
5.2.2. Identity and authentication
5.2.2.1. Identity and authentication market estimates and forecast, 2014-2025
5.2.3. Governance, risk management and compliance (GRC)
5.2.3.1. GRC market estimates and forecast, 2014-2025
5.2.4. Monitoring and reporting
5.3. Service
5.3.1. Professional service
5.3.2. Managed service
Chapter 6. Fraud Detection and Prevention Market, By Type
6.1. Key trends, by type
6.2. External
6.2.1. External market estimates and forecast, 2014-2025
6.3. Internal
6.3.1. Internal market estimates and forecast, 2014-2025
Chapter 7. Fraud Detection and Prevention Market, By Application
7.1. Key trends, by application
7.2. Money laundering
7.2.1. Money laundering market estimates and forecast, 2014-2025
7.3. Credit and debit fraud
7.4. Mobile fraud
7.5. Identity threat
7.6. Electronic fraud
7.6.1. Electronic fraud market estimates and forecast, 2014-2025
Chapter 8. Fraud Detection and Prevention Market, By End-Use
8.1. Key trends, by end-use
8.2. Banking
8.2.1. Banking market estimates and forecast, 2014-2025
8.3. Insurance
8.4. Government
8.5. Healthcare
8.6. E-commerce
8.7. Education
Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/fraud-detection-and-prevention-market
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