According to Stratistics MRC, the Global Fraud Detection and Prevention market accounted for $17.52 billion in 2017 and is expected to reach $120.2 billion by 2026 growing at a CAGR of 23.9% during the forecast period. Growing demand for cloud-based security solutions, sophistication of cyber frauds and attacks and emergence of big data analytics are some key factors boosting the market growth. However, lack of skilled professionals is restricting market growth.

Any illegal act involving the obtaining of something of value through willful misrepresentation is called fraud. Fraud detection and prevention services and solutions are provided by IT companies to the various enterprises and organizations. The solution controls users are provided access by authentication and verification for fraud prevention. FDP systems analyze data from a 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 from preventing fraud incidents. It also verifies user identity and maintains data integrity.

By End User, Banking, Financial Services, and Insurance held significant growth during the forecast period. The growth is due to the growing adoption of these solutions due to the high requirement to strengthen authentication processes for customers. Based on geography, Asia Pacific commanded the largest market share due to increasing penetration of the Internet and growing usage of mobile data for various applications.

Some of the key players profiled in the Fraud Detection and Prevention market include IBM, FIS Global, Bae Systems, Lexisnexis Risk Solutions, Friss, DXC Technology, SAS Institute, First Data, Easy Solutions, Simility, Securonix, Guardian Analytics, Software AG, Fico, ACI Worldwide, Wirecard, Maxmind, Fiserv, Experian and Iovation.

Components Covered:

  • Services
  • Solution

Organization Sizes Covered:

  • Large Enterprises
  • Small and Medium-Sized Enterprises

Deployment Modes Covered:

  • On-Premises
  • Cloud

Fraud Types Covered:

  • External
  • Internal

Application Areas Covered:

  • Money Laundering
  • Identity Theft
  • Payment Fraud

End Users Covered:

  • Retail
  • Government/Public Sector
  • Real Estate
  • Manufacturing
  • Banking, Financial Services, and Insurance
  • Telecommunication
  • Healthcare
  • Energy and Power
  • Other Verticals

Regions Covered:

  • North America
  • ·US
  • ·Canada
  • ·Mexico
  • Europe
  • ·Germany
  • ·UK
  • ·Italy
  • ·France
  • ·Spain
  • ·Rest of Europe
  • Asia Pacific
  • ·Japan
  • ·China
  • ·India
  • ·Australia
  • ·New Zealand
  • ·South Korea
  • ·Rest of Asia Pacific
  • South America
  • ·Argentina
  • ·Brazil
  • ·Chile
  • ·Rest of South America
  • Middle East & Africa
  • ·Saudi Arabia
  • ·UAE
  • ·Qatar
  • ·South Africa
  • ·Rest of Middle East & Africa

What our report offers:

  • Market share assessments for the regional and country level segments
  • Strategic recommendations for the new entrants
  • Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
  • Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
  • Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis etc.
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:

  • Company Profiling
  • ·Comprehensive profiling of additional market players (up to 3)
  • ·SWOT Analysis of key players (up to 3)
  • Regional Segmentation
  • ·Market estimations, Forecasts and CAGR of any prominent country as per the clients interest (Note: Depends of feasibility check)
  • Competitive Benchmarking
  • ·Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances