Press release
Fraud Analytics Market Is Booming Worldwide | IBM, BAE Systems, Oracle, NICE Systems, FICO
Global Fraud Analytics Market report provides an in-depth analysis of the key market insights, its future trends, and developments, profiles of leading players, key restraints and drivers, segmentation, and forecasting. The report highlights the market size and CAGR of the important segments, thus providing quick relevant information on the global market. The report consists of several aspects that affect the growth of the Fraud Analytics market. It also offers an excellent growth opportunity for the new entrants and assisting them to get more profit.Fraud Analytics Market is projected to reach USD 5.0 billion by 2026 from USD 1.5 billion in 2021, at a CAGR of 26.7% during the forecast period.
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The key manufacturers covered in this report: Fair Issac, ACI Worldwide, Fiserv, DXC Technology, Experian, Dell EMC, LexisNexis, SAS Institute, SAP, ThreatMetrix, IBM, BAE Systems, Oracle, NICE Systems, FICO
Recent Developments
DataVisor Launches Fraud Prevention Solution on Finastra’s FusionFabric.cloud- DataVisor, a company that delivers the most sophisticated AI-powered fraud management solutions, today announced that its enterprise solution is available for purchase through Finastra’s FusionStore. The AI-based modeling application will enable financial institutions to benefit from integrated signals, third-party data and heterogeneous data sources, to minimize financial loss and deliver the most superior fraud detection.
DataDome Launches Enhanced Online Fraud & Bot Management Solution- DataDome, whose AI-powered solution protects online commerce businesses, today announced the launch of a new version of DataDome Online Fraud & Bot Management. This enhanced solution provides even more detailed, actionable insight into the specific threats businesses face -- and that DataDome blocks -- in real-time, as well as a benchmark of how threat levels compare to others in their industry
Market Overview
The increasing volume of online transactions due to digitization is expected to drive the growth of the Fraud Detection and Prevention (FDP) market. Financial Institutions facing losses from financial crimes are growing at a rapid pace as fraudsters continue to innovate and outsmart the current security mechanism. Fraud detection and prevention analytics relies on data mining and Machine Learning and is used in fraud analytics use cases such as payment fraud analytics, financial fraud analytics, and insurance fraud detection analytics. Supervised Machine Learning techniques, such as logistic regression and time-series analysis, learn from previous data and suggest trends that need to be investigated further. Unsupervised Machine Learning methods, such as cluster analysis and peer group analysis, look at data that hasn't been tampered with and uncover new abnormalities and patterns of interest. These abnormalities can subsequently be acted upon by data analysts and scientists to detect fraudulent activity.
Europe comprises the major economies of the UK, Germany, France, Sweden, Italy, and the Netherlands. These economies are increasingly investing in FDP solutions. The demand for FDP solutions is growing in Europe, due to the rise in network crimes, and frauds and advanced cyber and bot attacks. The European FDP industry is witnessing significant growth opportunities due to the major players focusing on expanding their presence in various verticals, such as BFSI, telecommunication, retail, government/public sector, and manufacturing. Insurance frauds are the major issues faced by European countries. Several money laundering activities and terrorist financing became the main threats in Europe because of which the European Banking Authority (EBA) declared FDP to be the topmost priority for the EU in 2020.
Segment by Type
Predictive Analytics
Customer Analytics
Social Media Analytics
Big Data Analytics
Behavioral Analytics
Segment by Application
Telecommunication
Government/Public Sector
Healthcare
Real Estate
Energy and Power
Manufacturing
Other
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia)
Browse the Full report description and TOC at:
https://www.marketintelligencedata.com/reports/213781/2020-2025-global-fraud-analytics-market-report-production-and-consumption-professional-analysis-impact-of-covid-19?Mode=S21
Fraud Analytics Market Analysis and Strategies Carry Out as below:
- The report elucidates a gist of the tried-and-tested as well as innovative strategies undertaken by potential stakeholders with regards to the marketing of the product.
- The sales channels chosen (that include direct as well as indirect marketing) by the companies are briefly enumerated in the Fraud Analytics market report.
- The distributors of these products and a gist of the top-of-the-notch customers for the same are also encompassed in the study.
- The report is inclusive of the pivotal driving forces influencing the commercialization landscape of the Fraud Analytics market and their impact on the revenue scale of this business sphere.
- The rising product demand from the key geographies as well as the pivotal applications and potential business arenas are also included in the Fraud Analytics Market report.
Available Customization:
The report could be customized according to the client’s specific research requirements. No additional cost will be required to pay for limited additional research.
What is the Impact of Covid-19 Outbreak on the Fraud Analytics?
- Optimistic Scenario: COVID-19 is contained by May or June, With Normalcy returning to global operations through the End of Q2.
- Conservative Scenario: COVID-19 Remains Prevalent, with Continued Impacts Lasting into Q4.
- Estimated Impact of the Coronavirus (COVID-19) Epidemic on the Global Fraud Analytics.
- Fraud Analytics Market Size in 2021
- Corporate Strategy the Manufacturers Should Be Thinking About Right Now.
Contact Us
Irfan Tamboli (Head of Sales) – Market Intelligence data
Phone: +1 (704) 266-3234 |sales@marketintelligencedata.com
About Us
Marketintelligencedata provides syndicated market research on industry verticals including Healthcare, Information, and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. Marketintelligencedata provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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