Increasing use of IP-based
services and emergence of e-banking and e-commerce to propel global fraud
detection and prevention market through 2024
According to
TechSci Research report, “Global Fraud Detection and Prevention Market By Component, By Fraud
Type, By Deployment Type, By Organization Size, By End User Industry, By
Region, Competition, Forecast & Opportunities, 2024”, the global fraud detection and prevention market is expected
to grow at robust CAGR of 18% during 2019 -2024 on account of increasing
cases of frauds, rising inclination towards cloud services and growing use of
digital data mode. As enterprises expand, the amount of data also increases
which elevates the risk for fraudulent activities, which in turn, is driving global
fraud detection and prevention market.
Browse 141 market data Figures and Tables spread through 135 Pages and an in-depth TOC
on
"Global Fraud Detection and Prevention Market "
Global fraud detection
and prevention market can be segmented based on component, fraud type,
deployment type, organization size, end user industry and region. In terms of solution,
the market can be bifurcated into fraud analytics, authentication and others. Authentication segment is the
dominating segment in the market and the trend is likely to continue during
forecast period as it is used by various end user industry in order to
strengthen the authentication process. Based on enterprise, global fraud
detection and prevention market size is categorized into large enterprises and
SMEs. Large enterprises are witnessing high adoption of fraud detection and
prevention solutions and services owing to increase in financial losses and
hefty fines for regulatory non-compliance. Among end users, BFSI leads global
fraud detection and prevention market as this vertical holds crucial
information of customers, employees and assets. Moreover, due to rising
digitization of the financial sector and increasing trend of online transactions,
there is an increased risk for frauds, which is expected to continue driving the
market.
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Fiserv Inc., IBM Corporation, Fair Isaac Corporation, ACI Worldwide,
Inc., Actimize Inc., SAP SE, SAS Institute Inc., Oracle Corp., BAE Systems PLC,
Experian PLC, etc. are some of the leading players operating in global fraud
detection and prevention market. “North America accounts for the largest share
in the global fraud detection and prevention market and the region is expected
to continue its dominance during forecast period as well on account of early
adoption of online services and e-tailing in like US and Canada. Moreover,
surging investments in fraud detection and prevention solutions across diverse verticals
and presence of leading players in the region is further expected to bolster
the growth of North America fraud detection and prevention market in the coming
years. Nevertheless, APAC is expected to witness fastest growth in adoption of fraud
detection and prevention solutions over the course of next five years.” said
Mr. Karan Chechi, Research Director with TechSci Research, a research based
global management consulting firm.
“Global Fraud Detection and Prevention Market
By Component, By Fraud Type, By Deployment Type, By Organization Size, By End
User Industry, By Region, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of global fraud
detection and prevention market and provides statistics & information on
market size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges and opportunities in global fraud
detection and prevention market.
About TechSci Research
TechSci
Research is a leading global market research firm publishing premium market
research reports. Serving 700 global clients with more than 600 premium market
research studies, TechSci Research is serving clients across 11 different
industrial verticals. TechSci Research specializes in research based consulting
assignments in high growth and emerging markets, leading technologies and niche
applications. Our workforce of more than 100 fulltime Analysts and Consultants
employing innovative research solutions and tracking global and country
specific high growth markets helps TechSci clients to lead rather than follow
market trends.
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