Press release
Fraud Detection and Prevention Market predicted to grow $53.4 billion by 2026
According to a new market research report "Fraud Detection and Prevention Market by Solution (Fraud Analytics, Authentication, and GRC), Service (Managed and Professional), Vertical (BFSI, Retail and eCommerce, and Travel and Transportation), Deployment Mode and Region - Global Forecast to 2026" published by MarketsandMarkets™, the FDP market is expected to grow from USD 22.8 billion in 2021 to USD 53.4 billion by 2026 at a CAGR of 18.5% during the forecast period.Technological advancements, penetration of digital technologies, and Bring Your Own Device (BYOD) trend in organizations have greatly influenced work practices and led to an unprecedented rise in data volumes. These factors have led to the adoption of automatic software-based applications for analyzing data in real time, which have replaced the traditional data mining applications and tools. This, in turn, increases the need to update legacy manual fraud detection methods. Hence, FDP vendors are producing new varieties of FDP solutions to detect and prevent all types of frauds committed by fraudsters.
Browse in-depth TOC on "Fraud Detection and Prevention Market”
493- Tables
46- Figures
381- Pages
Browse Full Report @ https://www.marketsandmarkets.com/Market-Reports/fraud-detection-prevention-market-1312.html
By component, Solutions segment to hold the largest market size during the forecast period
On the basis of solutions, the FDP market is segmented into fraud analytics, authentication, and GRC solutions. The demand for FDP solutions is increasing as they can help enterprises detect fraudulent activities and prevent their occurrence. The number of frauds is growing at a significant rate; however, it is the surge in revenue loss which is driving the demand for FDP solutions. These FDP solutions can work simultaneously to provide fraud-proof enterprise environments.
Money launderers or criminals may forge fake signatures and Identifications (IDs) to commit digital frauds using someone’s identity. FDP solutions help in reducing digital frauds, illegal transactions, tax evasion attempts, and other payment corruptions by identifying and detecting fraudulent activities in the system and reporting them to assigned authorities on time.
In deployment mode, cloud deployment to grow at a higher CAGR during the forecast period
According to Flexera, a computer software company, enterprises are set to spend around 15-16% of their revenue into cloud hosting services by 2020. Another study by Cisco stated that “53% of organizations host at least 50% of their infrastructure in the cloud.” The investment in cloud services and shifting of businesses from traditional to cloud are expected to accelerate the adoption of cloud-based solutions and services by enterprises. Owing to the increasing pace of digitalization, security breaches and fraud cases especially identity theft and online fraud has also increased. These increasing trend of eCommerce and online retail and digital payments has increased the adoption rate of online FDP solutions among end-user verticals to combat with fraud and compliance intruders.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1312
North America to hold the largest market size during the forecast period
North America is expected to be the largest contributor in terms of the market size in the FDP market. It is one of the most affected regions in the world by money laundering and terrorist financing crime activities; as a result, it has the highest number of FDP providers. Banks, governments, and financial institutes in this region face ever-increasing challenges related to frauds compelling them to implement advanced technological approaches for managing fraud protection. Further, organic and inorganic growth strategies among major FDP vendors are expected to drive the FDP market growth in North America. For example, in July 2020, NewDay, a financial services company partnered with RSA Security, financial crime prevention and predictive analytics company, to deliver advanced fraud protection for digital payments and address the requirements of the EMV 3-D Secure protocol.
Key Players
Major vendors in the global FDP market include BAE Systems (UK), Nice Actimize (US), FICO (US), LexisNexis (US), TransUnion (US), Kount (US), Software AG (Germany), RSA Security (US), Fiserv (US), FIS (US), ACI Worldwide (US), Experian (Ireland), SecuroNix (US), Accertify (US), Feedzai (US), CaseWare (Canada), FRISS (Netherland), MaxMind (US), Gurucul (US), DataVisor (US), PayPal (US), Visa (US), SAS institute (US), SAP SE (Germany), Microsoft Corporation (US), F5, Inc (US), Ingenico (France), AWS (US), PerimeterX (US), OneSpan (US), Signifyd (US), Cleafy (Italy) and Pondera Solutions (US). It also includes an in-depth competitive analysis of the key FDP market players, along with their company profiles, business overviews, product offerings, recent developments, and market strategies.
Speak to Research Expert @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=1312
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: sales@marketsandmarkets.com
MnM Blog: https://mnmblog.org
Content Source: https://www.marketsandmarkets.com/PressReleases/fraud-detection-prevention.asp
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Fraud Detection and Prevention Market predicted to grow $53.4 billion by 2026 here
News-ID: 2542488 • Views: …
More Releases from MarketsandMarkets™
Feed Premix Market, Global Industry Size Forecast
The global feed premix market size is estimated to be valued at USD 24.3 billion in 2021 and is projected to reach a value of USD 32.9 billion by 2026, growing at a CAGR of 6.2% during the forecast period. The growth of this market is attributed to increasing awareness about feed quality, and the implementation of innovative animal husbandry practices to improve meat quality are the important drivers for…
Water-soluble Fertilizers Market is Expected to Grow $23.9 billion in 2028
According to a research report "Water-soluble Fertilizers Market by Type (Nitrogenous, Phosphatic, and Potassic), Mode of Application (Foliar and Fertigation), Form (Dry and Liquid), Crop Type (Field Crop, Horticulture Crops, Turf & ornaments) and Region - Global Forecast to 2028" published by MarketsandMarkets, the water-soluble fertilizers market is estimated at USD 18.3 billion in 2023 and is projected to reach USD 23.9 billion in 2028, at a CAGR of 5.5%.…

Population Health Management (PHM) Market worth $53.3 billion by 2027 - Leading …
Population Health Management (PHM) Market is projected to grow from USD 27.8 billion in 2022 to USD 53.3 billion by 2027, at a CAGR of 13.9% from 2022 to 2027, according to a new report by MarketsandMarkets™. The Growth in this market is driven by the opportunities offered by the emerging markets in healthcare. However, lack of data management, and interoperability issues are expected to challenge the growth of this…

Veterinary Pain Management Market worth $2.5 billion - Leading Key Players are B …
Veterinary Pain Management Market is projected to grow from USD 1.8 billion in 2022 to USD 2.5 billion by 2027, at a CAGR of 6.7% from 2022 to 2027, according to a new report by MarketsandMarkets™. The Pain is the physiological term to describe the chemical processes that are at work in the body that receive a stimulus, modify it, and transfer it to the brain for interpretation and reaction.…
More Releases for FDP
Fraud Detection and Prevention (FDP) Market 2022 Driving Factors Forecast Resear …
The global FDP market is anticipated to grow at a significant CAGR of 18.3% during the forecast period. The increased adoption of AI in banking and insurance sector is fuleing the FDP market globally. Businesses are taking advantage by using AI to detect fraud which enhances their internal security and simplify corporate operations due to which it has emerged as significant tool to avoid the financial crimes. Various companies…
Fraud Detection and Prevention (FDP) Market Comprehensive Analysis, Growth Forec …
Details Overview Of Fraud Detection and Prevention (FDP) Market Insights 2022
This section discusses about various aspects of Fraud Detection and Prevention (FDP) sector, including its size, trends, revenue forecasts and Latest Update: This has brought along several changes this report also covers the impact of Current COVID-19 situation. Sample Request Now
The Fraud Detection and Prevention (FDP) Market Research literature also presents sections exclusive to assessing and concluding the revenue prospects for…
Top Ranking Pilani School JMA FDP Anger Management Session by Banasthali Profess …
Smt. Jamuna Mishra Academy JMA popularly known as school with year after year 100% results established in the year 2004 is presently one of the most sought after schools at Pilani considered as Oasis in the desert state of Rajasthan. It is a matter of great pride that alumni of JMA are presently pursuing higher education in various institutions which include Institution of Eminence BITS Pilani and second best women's…
JMA Pilani FDP on Adolescence Happiness Early Childhood Education & Effective Te …
No one has doubt that Education can be transformed only by educating the educator, and not merely by creating a new pattern, a new system of action, etc.
Smt. Jamuna Mishra Academy (JMA) established in the year 2004 is presently one of the most sought after schools at Pilani considered as Oasis in the desert state of Rajasthan well known in India today for top ranking institutions like GD Birla founded…
Banasthali FDP under PMMMNMTT Inauguration by Mr Amit Kumar NPCIL Rawatbhata
Faculty Development Centre at Banasthali organized a one week Faculty Development Program on the theme “Interdisciplinary Dimensions of Chemical Engineering” during 21 – 27 July 2018. Chemical Engineering Department Banasthali facilitated the program with Prof BR Natarajan as Coordinator, Prof Satish Shukla as Convenor and Mr Deepak Kumar as Co Convenor.
Pandit Madan Mohan Malviya National Mission on Teachers and Teaching (PMMMNMTT) is a Scheme launched by the Ministry of Human…
Fraud Detection and Prevention (FDP) Market Competitive Dynamics & Global Outloo …
Any illegal act involving the obtaining of something of value through willful misrepresentation is called fraud. Fraud detection and prevention systems (FDP) are those software applications which are used to provide analytical solutions for detection and prevention of fraud in future. Authentication solutions and fraud analytical solutions form the core of FDP systems. FDP systems analyze data from wide range of data sources for possible inaccuracies. It analyzes patterns, anomalies…