Fraud Detection and Prevention Market Grow at a CAGR of 16.7% to 2022 | IBM Corporation, Oracle Corporation, SAS Institute, Fair Isaac Corporation., SAP SE, BAE Systems, ACI Worldwide, NCR Limited, Lavastorm Analytics and ThreatMetrix

Fraud Detection and Prevention Market by Solution Type (Fraud Analytics & Authentication), Services (Professional, Managed), Deployment Type (Cloud, On-Premises), Industry Vertical (BFSI, Retail, Healthcare, Real Estate, Manufacturing, Managed)-Global Opportunity Analysis and Industry Forecast, 2014-2022

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 and trends in the transactions. It identifies the outliers and reports the same in case of doubtful situations and transactions. FDP prevents unauthorized access preventing fraud incidents. It also verifies user identity and maintains data integrity. Recently, with advent of solutions such as cloud services, internet enabled solutions, and increased preference for digital data modes, vulnerability of enterprises towards fraud has increased significantly. To prevent such occurrences companies are switching to fraud detection software, thus, fuelling the demand for FDP. Rising revenue losses by enterprises due to frauds has further magnified the need for preventive solutions, resulting in increased adoption of FDP solutions, thereby contributing t the marker growth.

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Companies Profiled in this report includes: IBM Corporation, Oracle Corporation, SAS Institute Inc., Fair Isaac Corporation., SAP SE, BAE Systems, ACI Worldwide, NCR Limited, Lavastorm Analytics and ThreatMetrix.

Rise in the enterprise data and its complexity, industry specific requirements, and increase in cost of fraud, are some of the factors acting as drivers for FDP market. Apart from these, technological advancements and regulatory changes will also drive the demand for FDP. However, high cost involvement, low level of awareness, and unavailability of pre-deployment measures are expected to hinder the growth of the FDP market.

The global fraud detection and prevention market size was valued at $11,770 million in 2015, and is expected to reach $34,424 million by 2022, growing at a CAGR of 16.7% during the forecast period. Fraud detection and prevention solutions are solutions offered by the IT vendors to small and medium enterprises and large enterprises to defend against unwilling or uncertain incidents and help to detect or prevent future occurrences.

The global fraud detection and prevention industry is segmented based on solution type, services, deployment type, end-user and industry vertical. On the basis of solution type, the market is bifurcated into fraud analytics and authentication. Authentication segment accounted for the largest market share, accounted for around 58.2% in 2015, owing to increased demand for effective fraud detection solutions and real time operations because of the growing volume of online payment transactions.

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Key benefits

This report provides an in-depth analysis of the global fraud detection and prevention market with current trends and future estimations to elucidate the potential investment pockets.

The report provides a quantitative analysis of fraud detection and prevention market from 2014 to 2022 to enable the stake holders to capitalize on prevailing market opportunities.

The current fraud detection and prevention market trends and future forecasts aid to determine the overall market potential and single out profitable trends.

Recent developments, key players, and market shares are listed in the report to study the competitive scenario of the fraud detection and prevention market.

Porter's Five Forces model illustrates the potency of the buyers and suppliers in the fraud detection and prevention market.

Table of Content:

CHAPTER 1 INTRODUCTION

CHAPTER 2 EXECUTIVE SUMMARY

CHAPTER 3 MARKET OVERVIEW

CHAPTER 4 GLOBAL FRAUD DETECTION AND PREVENTION MARKET, BY SOLUTION

CHAPTER 5 GLOBAL FRAUD DETECTION AND PREVENTION MARKET, BY SERVICES

CHAPTER 6 GLOBAL FRAUD DETECTION AND PREVENTION MARKET, BY DEPLOYMENT TYPE

CHAPTER 7 GLOBAL FRAUD DETECTION AND PREVENTION MARKET, BY END-USER

CHAPTER 8 GLOBAL FRAUD DETECTION AND PREVENTION MARKET, BY INDUSTRY VERTICAL

CHAPTER 9 GLOBAL FRAUD DETECTION AND PREVENTION MARKET, BY GEOGRAPHY

CHAPTER 10 COMPANY PROFILES

10.1. IBM CORPORATION

10.2. ORACLE CORPORATION

10.3. SAS INSTITUTE INC.

10.4. FAIR ISAAC CORPORATION

10.5. SAP SE

10.6. BAE SYSTEMS.

10.7. ACI WORLWIDE, INC.

10.8. NCR LIMITED

10.9. LAVASTORM.

10.10. THREATMETRIX.

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Posted by on Thursday September 19 2019, 1:30 AM EST. All trademarks acknowledged. Filed under Business Services, Featured Press Release, Software & Services, Technology, Media, & Telecommunications. Comments and Trackbacks closed. Follow responses: RSS 2.0

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