Market Highlights —
Fraud Detection and prevention market can be segmented on the basis of region these include North America, Europe, Asia-Pacific and Rest of the World. North America fraud detection and prevention market is growing owing to the increasing number of fraudulent activities in the region. Fraud rate in terms of revenue has decreased but the whole fraud incidents have increased considerably in recent years. The enormous increase in the volume of data handled by enterprises has led to the adoption of fraud detection and prevention solutions to protect critical data from attacks.
The Fraud Detection and Prevention Market is growing rapidly over 15% of CAGR and is expected to reach at USD 34 billion by the end of forecast period.
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The prominent players in the fraud detection and prevention market are – IBM Corporation (U.S.),Oracle Corporation (U.S.), Fico (Brazil), SAS Institute Inc. (U.S.), SAP SE (Germany), Computer Sciences Corporation (U.S.), BAE Systems (U.K.), ACI Worldwide (U.S.), Fiserv Inc. (U.S.), Threatmetrix (U.S.) among others.
Fraud Detection and Prevention market for segment on the basis of solution, service application, end-user and vertical.
Fraud Detection and Prevention Market by Solution:
• Fraud Detection
• Data Synthesis
Fraud Detection and Prevention Market by Service:
• Professional Service
• Managed Service
Fraud Detection and Prevention Market by Application:
• Insurance Claims
• Money Laundering
• Electronic Payment
Fraud Detection and Prevention Market by End-User:
• Small & Medium Enterprises
• Large Enterprises
Fraud Detection and Prevention Market by Vertical:
• Government/Public Sector
• Real estate
• Energy and Power
• Travel & Transportation
• Media and Entertainment
The regional analysis of fraud detection and prevention market is being studied for region such as Asia pacific, North America, Europe and Rest of the World. North America is estimated to have the largest market share in the fraud detection and prevention market owning to presence of large number of FDP vendors present in the region. Asia-Pacific region is one of the prominent players in the fraud detection and prevention market due to emerging economies, such as India and China, which are rapidly implementing FDP solutions. This is mainly due to growth in fraudulent activities in organizations, banking & financial institutes with the growing volume of online payment transactions.
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• Investors and consultants
• System Integrators
• Government Organizations
• Research/Consultancy firms
• Technology solution providers
• IT Organizations
• Fraud Detection and Prevention Solution Providers
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