Fraud Detection and Prevention (FDP) Software

The Fraud Detection And Prevention Market 2021 research report gives emerging industry data, global segments and regional outlook.

This report covers up all details such as size, share, value, growth, restraints, and opportunities for the year 2020 to 2027.

The report generated using various analysis tools like porter’s five forces model, market attractiveness and value chain.

The report gives comprehensive review of the global market helping to club revenue generation and profitable business to transform client’s success.The report also covers detailed competitive landscape including company profiles of key players operating in the global market.

The key players in the fraud detection and prevention market include BAE Systems, DXC Technology (CSC), Fair Isaac Corporation, Fiserv, Inc., International Business Machines Corporation, Lexisnexis, Oracle Corporation, SAP SE, SAS Institute and Threatmetrix, Inc.. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.Get more information on "Global Fraud Detection And Prevention Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/fraud-detection-and-prevention-market/download-sampleMarket DynamicsThe increasing frequency and sophistication of cyber frauds and attacks are driving market growth.

Whereas, increasing use of digital technologies and digital banking for payments is accepted to create potential opportunity during the forecast period.This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis.

According to the latest report by IMARC Group “Fraud Detection and Prevention Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026“, the global fraud detection and prevention market to grow at a CAGR of around 18% during the forecast period (2021-2026).Fraud detection and prevention includes various automated solutions that enable organizations to detect as well as assist in taking required measures to prevent fraudulent activities.

These solutions are also widely integrated with various state-of-the-art technologies to procure illegally stolen resources and effectively reduce the repercussions of scams.

They are, therefore, widely deployed in numerous organizations to improve operational efficiency while ensuring proper security of their financial and network solutions.Request for a free sample copy of this report: https://www.imarcgroup.com/fraud-detection-prevention-market/requestsampleNote: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries.

With the growing adoption of digitization across numerous industry verticals, there has been a rise in the incidences of cybercrimes and cyber frauds across the globe.

This has impelled numerous companies to integrate their systems with fraud detection and prevention solutions, which is providing an impetus to the market growth.

Along with this, digital payment apps and cross-border transactions are also gaining widespread prominence on the global level, which has contributed to the rising number of fraudulent cases that involve data breaches, payment frauds and identity thefts.

Fraud Detection and Prevention Industry 2021With rising incidences of fraud across a variety of industries, enterprises and government bodies are losing large amounts of capital every year.

Furthermore, increased use of digital data mode, high usage of internet enabled devices, and cloud services has rapidly increased the vulnerability of enterprises towards fraud, further fueling the Fraud Detection and Prevention Industry.With growing digitization, Fraud Detection and Prevention Industry has witnessed the replacement of traditional methods of fraud detection by advanced techniques.

The introduction of key technologies namely big data analytics, cloud computing services, AI and machine learning are driving the growth of Fraud Detection and Prevention Industry.

For instance, LexisNexis offers fraud detection solutions leveraging advanced analytics and robust data to combat insurance fraud.

This solution helps insurance carriers identify and investigate potentially fraudulent claims and questionable provider behavior more efficiently.

On the other hand, deepsense.ai builds machine learning algorithms that are more efficient than rules-based systems for fraud detection.

According to a research report "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", published by MarketsandMarkets, the Fraud Detection and Prevention market size expected to grow from USD 19.5 billion in 2018 to USD 63.5 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 26.6% during the forecast period.Growth factors for the FDP market include increasing revenue losses faced by the organizations due to growing frequency and sophistication of cyber frauds and attacks and rapid growth in electronic transactions.Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1312Browse and in-depth TOC on "Fraud Detection and Prevention (FDP) Market - Global Forecast to 2023"116 - Tables 58 - Figures 219 - PagesPayment fraud application area segment to dominate the Fraud Detection and Prevention marketPayment fraud is a form of incorrect or unlawful transaction done by a cybercriminal.

The increasing number of fraudulent activities related to digital transactions and payments is the reason for the growing demand for FDP solutions in this application area.

The payment fraud application segment includes electronic payment fraud, mobile payment fraud, and credit card or debit card frauds.

With the growth in eCommerce, retailers are facing several issues, including fraudulent transactions.

APAC is highly concerned with the increase in security spending, owing to the ever-growing threat landscape.

Due to the increasing organization size and business complexities, SMEs in APAC have also begun investing in FDP solutions.

Global Fraud Detection and Prevention Market Research Report: By Solution (Fraud Detection, Authentication, Data Synthesis), Service (Professional Service, Managed Service), Application (Insurance Claims, Money Laundering, Electronic Payment), Organization Size (SME, Large Enterprises), Vertical, Region - Forecast till 2027Market Insights:The rising cases of fraud and cyber attacks have accelerated the adoption of Fraud Detection and Prevention (FDP) solutions in the recent times.

With a shift witnessed towards mobile economy, a boost in fraud detection and prevention market is expected over the next few years.

Market Research Future (MRFR) has revealed in its latest report that the global Fraud Detection And Prevention Market will thrive at a striking CAGR of 15% during the forecast period and the market valuation is expected to reach USD 34 Bn by the end of 2027.The growth of e-commerce and cashless payments is likely to continue over the next few years which will generate demand for fraud detection and prevention products.

Furthermore, the technological innovations introduced for securing the online payments will catalyze the adoption of the fraud detection and prevention products.The adoption rate of fraud detection and prevention solutions is higher in developed economies than the developing ones.

The developing economies will generate a significant proportion of revenue in the coming years from the fraud detection and prevention market.Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/2985Fraud Detection and Prevention Market SegmentationBy solution, the global fraud detection and prevention market is segmented into fraud detection, authentication, and, data synthesis.By service, the fraud detection and prevention market has been segmented into professional service, and, managed service.By application, the fraud detection and prevention market has been segmented into insurance claims, money laundering, electronic payment, and, others.By end-user, the global fraud detection and prevention market is segmented into small & medium enterprises, large enterprises.By vertical, the market has been segmented into BFSI, retail, telecommunication, government/public sector, healthcare, real estate, energy and power, manufacturing, travel & transportation, media, entertainment, and, others.Key Players:The prominent players in the fraud detection and prevention market are – IBM Corporation (U.S.),Oracle Corporation (U.S.), Fico (Brazil), SAS Institute Inc. (U.S.), SAP SE (Germany), Computer Sciences Corporation (U.S.), BAE Systems (U.K.), ACI Worldwide (U.S.), Fiserv Inc. (U.S.), Threatmetrix (U.S.) among others.Regional Analysis:By region, the global fraud detection and prevention market is segmented into Asia Pacific, North America, Europe and Rest of the World.

Furthermore, Canada holds the first spot in the list of cashless economies with the U.S. also contributing significantly towards the adoption of non-cash payments in the region.

The Global Fraud Detection and Prevention Market size is estimated to be USD 24.62 billion in 2019 and is predicted to reach USD 321.16 billion by 2030 with a CAGR of 26.3% from 2020-2030.Any illegal and unlawful act done to get any value from something is known as fraud.

It helps in the identification and data and its integrity, it also helps in the online transaction by authenticating the access by the responsible person to further avoid such actions.Access Full Description of this report at:- https://www.nextmsc.com/report/fraud-detection-and-prevention-market Top Companies: IBM Corporation, SAP SE, Oracle Corporation, ACI Worldwide, Lavastorm, ThreatMetrix, SAS Institute Inc., BAE Systems, NCR Limited and others.The global fraud detection and prevention market share is analyzed on the basis of solution type, services, deployment, end user, industry vertical and geography.

On the basis of solution type, the market is segmented into fraud analytics and authentication.

On the basis of services, the market is divided into Professional and Managed.

Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising North America, Europe, Asia-Pacific, and RoW.Request sample copy of this report at:- https://www.nextmsc.com/fraud-detection-and-prevention-market/request-sample North America represents the developed market share over the forecast period coupled with increased adoption of fraud detection and prevention software coupled with technological advancement and increase in data based enterprises, presence of developed infrastructure and increased awareness among people are further expected to fuel the marker growth.

Asia pacific is expected to develop significantly over the forecast period owing to the presence of developing economies coupled with increased penetration of internet and mobile devices, increase in fraud cases and wide application is further expected to augment the growth of fraud detection and prevention market over the forecast period.About Next Move Strategy Consulting:Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share.