Thursday 15 January 2015, Amsterdam
The report, now available on ASDReports, "Fraud Detection and Prevention Market by Solution (Fraud Analytics, GRC Solution, Authentication Solution (Single-Factor, Multi-Factor/ Strong), Reporting and Visualization Tool) - Worldwide Forecasts and Analysis (2014 – 2019)", defines and segments the Fraud detection and Prevention market into various segments with an in-depth analysis and forecasting of revenues. This research report also identifies the factors driving this market, various restraints, challenges and opportunities impacting it along with the future roadmaps.
The new report broadly segments the Fraud detection and Prevention market by solutions: fraud analytics, authentication, GRC solutions, reporting and visualization tools; by services: professional services, managed services, support and maintenance; by type of users: small and medium enterprises, and large enterprises; by industry verticals: Banking & Financial Services, insurance, retail, telecommunication, public / government, manufacturing, education, healthcare, energy and utilities, transportation, real estate, media and entertainment, travel and tourism and others verticals; and by regions: North America (NA), Europe (EU), Asia Pacific (APAC), Middle East and Africa (MEA) and Latin America (LA).
In order to attain profitability for company, enterprises have to sustain within strict infrastructure budgets. With the rise in revenue losses because of the fraud incidents, the demand for the fraud detection and prevention solutions is also increasing. These solutions not only decrease fraud occurrences possibilities but also bring enhances the efficiency and profitability in enterprise processes.
The new report expects the Fraud Detection and Prevention market to grow from $8.87 billion in 2014 to $20.49 billion by 2019. This represents a Compound Annual Growth Rate (CAGR) of 18.2% from 2014 to 2019. The new report expects North America to hold the largest market for Fraud Detection and Prevention, in terms of geographical regions and over the next five years, it is expected to continue this pace but Asia Pacific and Latin America would be the regions with higher growth rate.
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