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Discover the fraud detection and prevention market forecast 2014-2025

Discover the fraud detection and prevention market forecast 2014-2025

Based on solutions, the market is divided into fraud analytics and authentication.

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Fraud detection & prevention Market solutions are solutions offered by IT vendors to small and medium enterprises and large enterprises which help them detect and prevent fraudulent attacks. These are used to find patterns and anomalies, and analyze the data.

The global fraud detection and prevention market is expected to grow at a CAGR of 18% from 2017 to 2025.

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By services, the market is segmented into professional and managed services. According to deployment model, it is classified into cloud and on-premise.

Based on end-user industry, the market is segmented into small & medium enterprises and large enterprises. The industry vertical analyzed in this report include banking, financial service & insurance (BFSI); retail; healthcare; real estate; manufacturing; and others.

Geographic breakdown and deep analysis of each of the aforesaid segments is included for North America, Europe, Asia-Pacific, and LAMEA.

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Market Dynamics:

Drivers:

Increase in mobile payments

Emergence of new analytical techniques such big data analytics, predictive analytics, and social media analytics which provide a strong defense against fraud incidents and help to identify or prevent future occurrence

Restraints:

High cost of fraud detection and prevention software and solutions

Market Players:

The top players in the global fraud detection and prevention market include IBM Corporation, Oracle Corporation, SAS Institute Inc., Fair Isaac Corporation., SAP SE, BAE Systems, ACI Worldwide, Inc., NCR Corporation, Lavastorm, and ThreatMetrix.

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