Press Release

What is Driving the Fraud Detection and Prevention Market

Top Players in Fraud Detection and Prevention Market are HCL Technologies, IBM, Oracle, NCR Corporation, SAP Logistics Leadership, BAE Systems, ACI Worldwide, Lavastorm, an Infogix Company., ThreatMetrix.

The global fraud detection and prevention (FDaP) market is likely to grow considerably in the coming years due to the incorporation of technologies such as artificial intelligence and data mining. According to a report published by Fortune Business Insights, titled “Fraud Detection And Prevention Market, Size, Share And Global Trend By Component (Solutions, Services), Deployment (Cloud, On-Premise), Organization Size (SMEs, Large Enterprises), Vertical (BFSI, IT And Telecommunication, Retail And Consumer Packed Goods, Government, Real Estate, Energy And Utilities, Travel And Transportation, Manufacturing, Healthcare And Life Sciences, Media And Entertainment, Others) And Geography Forecast Till 2026,” the market was valued at US$19,269.8 Mn 2018. Fortune Business Insights has predicted that the market will reach US$ 1,10,041.3 Mn by the end of 2026, thereby exhibiting a CAGR of 25.48%.

For more information in the analysis of this report, visit: https://www.fortunebusinessinsights.com/industry-reports/fraud-detection-and-prevention-technology-market-100231

Top Players List:

  • HCL Technologies
  • IBM
  • Oracle
  • NCR Corporation
  • SAP Logistics Leadership
  • BAE Systems
  • ACI Worldwide
  • Lavastorm, an Infogix Company.
  • ThreatMetrix

Request a Sample Copy of the Global Market Research Report: https://www.fortunebusinessinsights.com/enquiry/sample/fraud-detection-and-prevention-technology-market-100231

Segmentation

1. By Component

  • Solution
  • Services

2. By Deployment

  • On-Premise
  • Cloud

3. By Organization Size

  • Large
  • Small & Medium Enterprises (SMEs)

4. By Application Area

  • Insurance Claims
  • Money Laundering
  • Electronic Payment
  • Others

5. By Vertical

  • BFSI
  • IT & Telecommunication
  • Government
  • Retail & Consumer Packed Goods
  • Manufacturing
  • Healthcare and Life Sciences
  • Construction & Real Estate
  • Travel and Transportation
  • Energy and Utilities
  • Media & Entertainment

6. By Geography

  • North America (USA and Canada)
  • Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico and Rest of Latin America)
  • Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)

Key Industry Developments

  • Aug ,2018 – Fiserv, Inc. (NASDAQ: FISV), launched two enhanced consumer authentication solutions, step-up authentication and identity verification, to mitigate card fraud within call centres.
  • April, 2019 – BAE Systems introduced the NetReveal Fraud Prevention Solution with advanced analytics and detection methodologies employing machine learning techniques helping banks, insurers, and government agencies identify fraudulent activities.

Increasing e-commerce activities have led to a subsequent rise in online financial transactions. Mobile and internet banking facilities are gaining rapid popularity and an increasing adoption of these services will create the need for efficient security networks. The need to enhance payment gateways and ensure secure transactions has led to several innovations. The number of vendors providing secure transactional services has also risen in recent years. Altogether, the aforementioned factors will lead to a rising uptake of fraud detection and prevention software, which in turn will aid the growth of the global market in the forthcoming years.

Advances in FDaP Software Will Bolster Growth

The demand for fraud detection systems have influenced existing companies to better their products operate in compatibility with the latest payment gateways. In order to meet this demand, companies have been persistently investing in updating their products. The demand for SDaP software also has led to several product launches in recent years. In April 2019, BAE systems launched an enhanced NetReveal platform with an aim of tackling cyber frauds and crimes.

The system was launched to identify cybercrimes by meeting regulatory requirements and working in accordance with system security standards. Fortune Business Insights has predicted that product launches and updates will contribute to the increasing demand for fraud detection and prevention software across the world. Furthermore, the escalating demand will favor the growth of the global FDaP market in the forthcoming years.

Besides product launches, the global software detection and prevention market will derive significant growth from the advent of AI-integrated software. The report segments the market based on parameters such as component, deployment, application, and regional demographics. Fortune Business Insights has identified leading product types and signifies the impact of recent advancements in these product types on the global market.

Fortune Business Insights has profiled some of the renowned companies in the market and has provided an insight into key activities such as mergers, investment, and takeovers. Some of the leading companies that are operating in the global fraud detection and prevention market are Fico, IBM, Fiserv, Inc., FIS Global, ACI Worldwide, BAE Systems, Experian Information Solutions, Inc., Software AG, Nice, DXC Technology, Dell Technologies, and SAS Institute.

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Table of Content

5. Global Fraud Detection and Prevention Market Analysis, Insights and Forecast, 2015-2026
5.1. Key Findings / Summary
5.2. Market Sizing Estimations and Forecasts – By Component (US$ Mn)
5.2.1. Solutions
5.2.1.1. Fraud Analytics
5.2.1.1.1. Predictive Analytics
5.2.1.1.2. Customer Analytics
5.2.1.1.3. Social Media Analytics
5.2.1.1.4. Big Data Analytics
5.2.1.1.5. Behavioural Analytics
5.2.1.2. Authentication
5.2.1.2.1. Single-Factor Authentication
5.2.1.2.2. Multi-Factor Authentication
5.2.1.3. Governance, Risk, and Compliance
5.2.2. Services
5.2.2.1. Professional Services
5.2.2.1.1. Consulting
5.2.2.1.2. Training and Education
5.2.2.1.3. Support and Maintenance
5.2.2.2. Managed Services
5.3. Market Sizing Estimations and Forecasts – By Application (US$ Mn)
5.3.1. Insurance claims
5.3.2. Money laundering
5.3.3. Electronic payment
5.3.4. Others
5.4. Market Sizing Estimations and Forecasts – By Deployment (US$ Mn)
5.4.1. Cloud
5.4.2. On-Premises
5.5. Market Sizing Estimations and Forecasts – By Organization Size (US$ Mn)
5.5.1. Small and Medium Enterprises (SMEs)
5.5.2. Large Enterprises
5.6. Market Sizing Estimations and Forecasts – By Vertical (US$ Mn)
5.6.1. BFSI
5.6.2. IT and Telecom
5.6.3. Retail and Consumer Packaged Goods
5.6.4. Government
5.6.5. Real Estate and Construction
5.6.6. Energy and Utilities
5.6.7. Travel and Transportation
5.6.8. Manufacturing
5.6.9. Healthcare and Life Sciences
5.6.10. Media and Entertainment
5.6.11. Others
5.7. Market Analysis, Insights and Forecast – By Geography (US$ Mn)
5.7.1. North America
5.7.2. Europe
5.7.3. Asia Pacific
5.7.4. Middle East and Africa
5.7.5. Latin America
6. North America Fraud Detection and Prevention Market Analysis, Insights and Forecast, 2015-2026
6.1. Key Findings / Summary
6.2. Market Sizing Estimations and Forecasts – By Component (US$ Mn)
6.2.1. Solutions
6.2.1.1. Fraud Analytics
6.2.1.1.1. Predictive Analytics
6.2.1.1.2. Customer Analytics
6.2.1.1.3. Social Media Analytics
6.2.1.1.4. Big Data Analytics
6.2.1.1.5. Behavioural Analytics
6.2.1.2. Authentication
6.2.1.2.1. Single-Factor Authentication
6.2.1.2.2. Multi-Factor Authentication
6.2.1.3. Governance, Risk, and Compliance
6.2.2. Services
6.2.2.1. Professional Services
6.2.2.1.1. Consulting
6.2.2.1.2. Training and Education
6.2.2.1.3. Support and Maintenance
6.2.2.2. Managed Services
6.3. Market Sizing Estimations and Forecasts – By Application (US$ Mn)
6.3.1. Insurance claims
6.3.2. Money laundering
6.3.3. Electronic payment
6.3.4. Others
6.4. Market Sizing Estimations and Forecasts – By Deployment (US$ Mn)
6.4.1. Cloud
6.4.2. On-Premises
6.5. Market Sizing Estimations and Forecasts – By Organization Size (US$ Mn)
6.5.1. Small and Medium Enterprises (SMEs)
6.5.2. Large Enterprises
6.6. Market Sizing Estimations and Forecasts – By Vertical (US$ Mn)
6.6.1. BFSI
6.6.2. IT and Telecom
6.6.3. Retail and Consumer Packaged Goods
6.6.4. Government
6.6.5. Real Estate and Construction
6.6.6. Energy and Utilities
6.6.7. Travel and Transportation
6.6.8. Manufacturing
6.6.9. Healthcare and Life Sciences
6.6.10. Media and Entertainment
6.6.11. Others
6.7. Market Analysis, Insights and Forecast – By Country (US$ Mn)
6.7.1. United States
6.7.2. Canada
7. Europe Fraud Detection and Prevention Market Analysis, Insights and Forecast, 2015-2026
7.1. Key Findings / Summary
7.2. Market Sizing Estimations and Forecasts – By Component (US$ Mn)
7.2.1. Solutions
7.2.1.1. Fraud Analytics
7.2.1.1.1. Predictive Analytics
7.2.1.1.2. Customer Analytics
7.2.1.1.3. Social Media Analytics
7.2.1.1.4. Big Data Analytics
7.2.1.1.5. Behavioural Analytics
7.2.1.2. Authentication
7.2.1.2.1. Single-Factor Authentication
7.2.1.2.2. Multi-Factor Authentication
7.2.1.3. Governance, Risk, and Compliance
7.2.2. Services
7.2.2.1. Professional Services
7.2.2.1.1. Consulting
7.2.2.1.2. Training and Education
7.2.2.1.3. Support and Maintenance
7.2.2.2. Managed Services
7.3. Market Sizing Estimations and Forecasts – By Application (US$ Mn)
7.3.1. Insurance claims
7.3.2. Money laundering
7.3.3. Electronic payment
7.3.4. Others
7.4. Market Sizing Estimations and Forecasts – By Deployment (US$ Mn)
7.4.1. Cloud
7.4.2. On-Premises
7.5. Market Sizing Estimations and Forecasts – By Organization Size (US$ Mn)
7.5.1. Small and Medium Enterprises (SMEs)
7.5.2. Large Enterprises
7.6. Market Sizing Estimations and Forecasts – By Vertical (US$ Mn)
7.6.1. BFSI
7.6.2. IT and Telecom
7.6.3. Retail and Consumer Packaged Goods
7.6.4. Government
7.6.5. Real Estate and Construction
7.6.6. Energy and Utilities
7.6.7. Travel and Transportation
7.6.8. Manufacturing
7.6.9. Healthcare and Life Sciences
7.6.10. Media and Entertainment
7.6.11. Others
7.7. Market Analysis, Insights and Forecast – By Country (US$ Mn)
7.7.1. UK
7.7.2. Germany
7.7.3. France
TOC Continued….!

 

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Ruby Arterburn

Ruby is leading the team writing for artificial intelligence. She is a newcomer in the organization and has already made her base and reputation with her hard work and her efficiency towards her field. Being a student of computer science it has become easier for her to understand the objectives and the expected results of this column. She is also an excellent cook, and now and then, and we get the opportunity to taste her deliciously baked cookies.

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