Global Financial Fraud Detection Software Market valued approximately USD XX billion in 2017 is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2018-2025. The major driving factor of global Financial Fraud Detection Software market are growing use of mobile banking, increasing concern towards benefit of fraud detection and rising in preference of digital data make enterprises. In addition increasing fraudulent activities and increasing growth in internet transaction are some factors that boosting the market growth of Financial Fraud Detection Software. The major restraining factor of global financial fraud detection software market are high deployment cost of the software, lack of skilled professionals, high cost of various machine learning and statistical analytics solutions. Financial Fraud detection software is a solution which consists of a model built by machine learning methods and stream computing. There are many benefits of financial fraud detection software such as Identify & act on unusual behavior using real-time analytics of transactional data, minimize losses from fraud by reducing time-to-time detection, manage massive amounts of data in motion from multiple data sources and increase visibility of fraud detection efforts with complete auditing transparency & traceability.
The regional analysis of Global Financial Fraud Detection Software Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America emerges as the leader in the financial fraud detection software market across the globe due to presence of large financial and healthcare enterprises. European countries such as France, Greece and UK are also extracting their market and will see a good rate of growth in future in financial fraud detection software due to increase in crimes such as card fraud and identity fraud. Asia-Pacific region is also anticipated to exhibit higher growth rate / CAGR over the forecast period 2018-2025, due to increase in corporate fraud and corruption in government organizations followed by Latin America.
The major market player included in this report are:
- Gemalto NV
- SIGNIFYD Inc.
- Riskified Ltd.
- ACI Worldwide
- Banker’s Toolbox
- Cellent Finance Solutions
- Safe Banking Systems
- Truth & Technologies
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
- Money Laundering Detection Software
- Identity Theft Detection Software
- Credit-Debit Card Fraud Detection Software
- Wire Transfer Fraud Detection Software
- Subscription Fraud and Claim Fraud Detection Software
- Financial Enterprise
- Educational Institution
- Manufacturing Sector
- Healthcare Sector
- North America
- Asia Pacific
- Latin America
- Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2015, 2016
Base year – 2017
Forecast period – 2018 to 2025
Target Audience of the Global Financial Fraud Detection Software Market in Market Study:
- Key Consulting Companies & Advisors
- Large, medium-sized, and small enterprises
- Venture capitalists
- Value-Added Resellers (VARs)
- Third-party knowledge providers
- Investment bankers