openPR Logo
Press release

Market is Estimated to Observe Significant Growth 2023 to 2032

05-08-2023 03:58 PM CET | IT, New Media & Software

Press release from: Reports and Data

Fraud Detection Prevention Market

Fraud Detection Prevention Market

The global Fraud Detection Prevention Market was worth USD 21.5 billion in 2022, and is expected to grow at a compound annual growth rate (CAGR) of 7.8% during the forecast period, reaching USD 42.2 billion in 2032. This growth is primarily being driven by increasing cases of fraud, a growing preference for digital payment methods, and advancements in technologies like Artificial Intelligence (AI) and Machine Learning (ML).

The prevalence of digital payment methods has increased the likelihood of fraudulent activities such as identity theft, credit card fraud, and money laundering. This has led to a growing demand for advanced fraud detection and prevention solutions, as businesses look to avoid financial losses. AI and ML-based technologies have facilitated the development of sophisticated fraud detection and prevention tools that can identify and stop fraudulent actions in real-time.

The need for fraud detection prevention solutions is being driven by a wide range of industries, including banking, financial services, insurance, and retail. In addition, there is a rising demand for cloud-based fraud detection and prevention solutions, as they offer more flexibility, scalability, and cost-effectiveness than on-premise systems.

Furthermore, demand for fraud detection prevention solutions is being driven by the strict government rules and compliance requirements. Organizations must deploy effective fraud detection prevention solutions to safeguard their customers' data and stop fraudulent actions in accordance with laws such as the General Data Protection Regulation (GDPR) and the Payment Card Industry Data Security Standard (PCI DSS).

Get Free Sample PDF (To Understand the Complete Structure of this Report [Summary + TOC]) @ https://www.reportsanddata.com/download-free-sample/6184

Segments Covered in the Report

The market for fraud detection and prevention can be categorized based on several factors, including component type, deployment mode, application, and end-use industry.

In terms of component type, the market can be divided into solutions and services. Fraud detection and prevention solutions use advanced technologies like AI and ML to identify and prevent fraudulent activities, while fraud detection and prevention services provide additional support and assistance to businesses in implementing these solutions.

Based on deployment mode, the market can be categorized as cloud-based or on-premises. Cloud-based fraud detection and prevention solutions are becoming increasingly popular due to their flexibility, scalability, and cost-effectiveness, while on-premises solutions offer more control and customization.

The market can also be segmented by application, including identity theft, payment fraud, money laundering, and others. These applications represent different types of fraudulent activities that businesses may need to protect against, with identity theft and payment fraud being among the most common.

Finally, the market can be categorized by end-use industry, including banking, financial services and insurance (BFSI), retail, healthcare, and others. These industries are particularly vulnerable to fraudulent activities, and therefore require advanced fraud detection and prevention solutions to protect their customers and their own financial assets.

Access Full Report Description with Research Methodology and Table of Contents @ https://www.reportsanddata.com/report-detail/fraud-detection-prevention-market

Strategic development:

On 16 November 2018, Oracle Corporation announced the acquisition of Talari Networks, a software-defined wide-area network (SD-WAN) technology provider. The acquisition was aimed at enhancing Oracle's cloud networking portfolio and improving its ability to provide secure and reliable connectivity to customers.

Request a customization of the report @ https://www.reportsanddata.com/request-customization-form/6184

Competitive Landscape:

Lanxess AG, PlastiComp Inc., Solvay, BASF SE, Celanese Corporation, Mitsubishi Chemical Holdings, Daicel Polymer Ltd., Avient Corporation, Toray Industries Inc., and Asahi Kasei Corporation.Browse

More Reports :

Ultrasound Sensors Market @ https://www.marketwatch.com/press-release/ultrasound-sensors-market-size-to-expand-significantly-by-the-end-of-2032-2023-04-18

Precision Guided Munition Market @ https://www.marketwatch.com/press-release/precision-guided-munition-market-2023-best-workable-strategy-that-will-help-to-boost-your-revenue-till-2032-2023-04-18

Automotive Leaf Springs Market @ https://www.marketwatch.com/press-release/automotive-leaf-springs-market-revenue-trends-market-share-analysis-and-forecast-to-2028-2023-04-19

Automotive Metering Valves Market @ https://www.marketwatch.com/press-release/automotive-metering-valves-market-revenue-growth-key-factors-major-companies-forecast-to-2028-2023-04-19

Contact Us:

John W
Head of Business Development
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
Reports and Data | Web: www.reportsanddata.com
Check our upcoming research reports @ https://www.reportsanddata.com/upcoming-reports
Visit our blog for more industry updates @ https://www.reportsanddata.com/blogs

About Us:

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client's make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.

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 Market is Estimated to Observe Significant Growth 2023 to 2032 here

News-ID: 3045326 • Views:

More Releases from Reports and Data

Regenerative Medicine Market Poised for Exponential Growth: A Promising Future for Healthcare
Regenerative Medicine Market Poised for Exponential Growth: A Promising Future f …
The global regenerative medicine market is on a trajectory for substantial growth, driven by advancements in technology, rising chronic disease burdens, and a growing focus on personalized medicine. According to a report by Reports and Data, the market is expected to reach a staggering USD 87.1 billion by 2032, reflecting a significant Compound Annual Growth Rate (CAGR) of 14.3%. Market Overview Regenerative medicine encompasses a range of innovative therapies designed to repair,
Infusion Therapy Market Poised for Steady Growth Driven by Aging Population and Chronic Disease Prevalence
Infusion Therapy Market Poised for Steady Growth Driven by Aging Population and …
The global infusion therapy market is expected to witness continued growth in the coming years, fueled by several key factors. This press release by Reports and Data provides a comprehensive overview of the market, analyzing trends, drivers, restraints, and growth opportunities. Market Overview The global infusion therapy market reached a value of USD 44.2 Billion in 2022. This market encompasses the administration of medications through intravenous , subcutaneous, and other non-oral routes.
Capsule Endoscopy Market Poised for Significant Growth Driven by Minimally Invasive Diagnostics
Capsule Endoscopy Market Poised for Significant Growth Driven by Minimally Invas …
The global capsule endoscopy market is experiencing a surge in demand, driven by the increasing preference for minimally invasive diagnostic procedures. According to Reports and Data, the market was valued at USD 507.5 Million in 2021 and is projected to reach USD 1086.0 Billion by 2030, reflecting a Compound Annual Growth Rate (CAGR) of 8.8 %. Market Overview Capsule endoscopy utilizes a tiny wireless camera encapsulated in a pill-sized capsule that patients
Fluorouracil Market Research Update, Size Estimation, Future Scope, Revenue Opportunities
Fluorouracil Market Research Update, Size Estimation, Future Scope, Revenue Oppo …
Fluorouracil is a cornerstone chemotherapeutic drug used to treat various cancers, including colorectal, breast, and skin cancers. The market has witnessed steady growth due to the increasing prevalence of cancer globally. According to a 2020 report by the World Health Organization (WHO), approximately 19.3 million new cancer cases were diagnosed worldwide. This number is expected to rise significantly in the coming years due to factors such as an aging population

All 5 Releases


More Releases for Fraud

Fraud Increased by 3% in 2021 - Says Shufti Pro's Global ID Fraud Report
AI-powered digital identity verification solution provider, Shufti Pro, revealed new data in its Global ID Fraud Report 2021 which shows insights from ample research of 11 months of verification. The report highlights the changing fraudulent activities and advanced manipulation techniques that the company faced in 2021. Experts from Shufti Pro have also made fraud predictions that will threaten the corporate sector in 2022. The ceaseless increase in ID and
IPTEGO Launching PALLADION Fraud Detection and Prevention for a Real-Time Protec …
IPTEGO presents PALLADION Fraud Detection & Prevention, an innovative protection for CSPs and their customers against toll fraud. Berlin, Germany, February 08, 2012 -- IPTEGO presents PALLADION Fraud Detection & Prevention, an innovative protection for CSPs and their customers against toll fraud. With PALLADION Fraud Detection & Prevention, IPTEGO provides an answer to a growing demand for more network security when it comes to toll fraud. Today’s Communication Service Providers (CSPs) are
Online Fraud Prevention – Sentropi
Are security nightmares causing you sleepless nights? Are you worried about how secure your I.T infrastructure is? Sentropi aims to address these ever present security concerns with its uniquely different identification and tracking solution. Sentropi's innovative technology allows you to identify your users with pinpoint accuracy and lets you track fraudsters on any platform, any browser, any time and any where! Hunt down fraudsters by tracking down their computers rather
Business and Investment Fraud Overseas
Business and investment fraud overseas seems to be a growing problem for American businesspeople. Atlanta, GA, August 31, 2011 - Business and investment fraud overseas seems to be a growing problem for American businesspeople. In addition to all of the scams originating abroad that target American businesses--such as accounts payable and accounts receivable scams--there are many accounts of Americans being ripped off after they do business in foreign countries. For example many
Fight Private Placement Program Fraud - PPP Fraud!
Stand up to private placement program fraud! To set an undertone for the following summary; logic begets logic. No trading platforms nor programs, whether public or private have the freedom of complete exclusion from regulatory oversight, licensing, and governance. Our firm has significant interest in a few platforms, as principals. There are indeed private financial offerings which have historically delivered very significant performance using "Institutional Leverage, Traders, Risk Management, Clearing & Execution"
Securities Fraud Law Firm Zwerling, Schachter & Zwerling Representing Madoff Fra …
Attorney Robert S. Schachter says Bank Medici and Bank Austria Implicated in Madoff Fallout NEW YORK – An international probe by the law firm Zwerling, Schachter & Zwerling is focusing on whether major Austrian banks used financial funds in Europe to fraudulently funnel billions into Bernard L. Madoff’s bogus investment enterprises, resulting in billions in losses for European parties. The New York-based law firm already is working with nearly a dozen individuals,