ReportsnReports offers a latest published report on “Fraud Detection and Prevention (FDP) Market by Solution (Fraud Analytics, Authentication, and Governance), Service, Application Area (Identity Theft, Payment Frauds, and Money Laundering), Organization Size, Vertical, and Region – Global Forecast to 2023” delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 219 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability.
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Global Fraud Detection and Prevention (FDP) Market size is expected to grow from US$ 19.5 Billion in 2018 to US$ 63.5 Billion by 2023, at a Compound Annual Growth Rate (CAGR) of 26.6% during the forecast period.Major growth factors for the market include increasing revenue losses for organizations due to the rising fraudulent attacks, increasing use of electronic transactions across verticals, and an increasing sophistication level of cyber-attacks.
Major Vendors Profiled in the Fraud Detection and Prevention (FDP) Market:
- IBM (US)
- FICO (US)
- SAS Institute (US)
- BAE Systems (UK)
- DXC Technology (US)
- SAP (Germany)
- ACI Worldwide (US)
- Fiserv (US)
- NICE Systems (Israel)
- Experian (US)
- LexisNexis Risk solutions (US)
- iovation (US)
- Friss (Netherlands)
- Dell technologies (US)
- First Data (US)
- Wirecard (Germany)
- Software AG (Germany)
- Easy Solutions (US)
- Distil Networks (US)
- Guardian Analytics (US)
- Securonix (US)
- MaxMind (US)
- Simility (US)
Complete report on Fraud Detection and Prevention (FDP) Market spread across 219 pages, profiling 25 companies and supported with tables and figures. Access Research at https://www.reportsnreports.com/purchase.aspx?name=272449
“Fraud analytics segment to grow at the highest CAGR during the forecast period”
The fraud analytics segment is expected to grow at the highest CAGR in the Fraud Detection and Prevention market during the forecast period. Fraud analytics is a critical discipline which involves set of analytical techniques to analyze enterprises’ systems and database to identify the vulnerabilities where fraud can happen. They help in monitoring and analyzing data from several data sources, detect anomalies, and suspicious and unusual behavior across all channels.
“Authentication segment to hold the largest market size during the forecast period”
The authentication segment is expected to hold the largest market size during the forecast period. Authentication plays a very crucial role in the Fraud Detection and Prevention market, as the solution helps enterprises to protect customer identity from fraudsters. Various fraud authentication mechanisms, such as single-factor, multi-factor and risk-based authentications help enterprises to maintain the authenticity of transactions/information by blocking the unauthorized access to the information or identifying false inputs from users.
“North America to account for the largest market share, whereas Asia Pacific to grow at the highest CAGR”
North America is estimated to hold the largest market size and dominate the global Fraud Detection and Prevention market in 2018. The major growth drivers for the FDP market in the region include increasing adoption of digital technologies, and rising penetration of smartphones, and increasing so phistiction level of attacks across verticals.
Competitive Landscape of Fraud Detection and Prevention (FDP) Market:
- Competitive Scenario
- Partnerships, Agreements, and Collaborations
- New Product Launches/Product Enhancements
- Mergers and Acquisitions
- Business Expansions
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Reason to access this Report:
The report will help the market leaders/new entrants in the Fraud Detection and Prevention market with information on the closest approximations of the revenue numbers for the overall FDP market and the sub segments. It will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and to plan suitable go-to-market strategies.