The report also offers Spain fraud detection and prevention and anti-money laundering market forecast of each market segment, based on the trends observed in the past.
Spain Fraud Detection and Preventi…Laundering Market is projected to register a CAGR of 16.3% during the forecast period, 2017 to 2025. The report, titled "Spain Fraud Detection and Prevention and Anti-Money Laundering Market- Size, Trend, Share, Opportunity Analysis & Forecast, 2015–2025", provides deep insights on the market size and share and highlights the drivers, restraints, and opportunities available in the market.
The data presented in the report is acquired from extensive research of the market by expert analysts.
The exponential increase in the number of frauds committed that have led to huge monetary and data losses, as well as breach of security, has fueled the need for fraud detection and prevention systems.
Another alarming issue is the rise in money laundering observed across the globe, one of the methods used to conceal funds or the source of money or assets that are obtained from illegal activities. Several methods are used to launder criminally obtained funds and property, among which setting up shell companies is one of the most commonly used techniques by organizations.
Advancements in technology have led to the development of analytical solutions aimed at minimizing the number of fraudulent attempts. Fraud detection and prevention systems built on data analytics detect frauds at the initial stage itself and take measures to prevent financial losses and damage to the organizations' reputation.
Owing to the industrial expansion in the rise in the number of frauds in the region, North America dominated the fraud detection and prevention systems market in 2015.
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Drivers & Restraints:
Several factors are responsible for Spain fraud detection and prevention and anti-money laundering industry's overall growth and development. The rapid growth of the market can be attributed to the emergence of big data analytics and the growing demand for cloud-based security solutions.
The rapid increase in mobile banking is also expected to drive the market's growth since it is extremely vulnerable to frauds and demands highly-secured networks and connections. However, the high cost associated with the implementation of fraud detection and prevention solutions impedes the growth of the market.
Spain Fraud Detection and Prevention and Anti-Money Laundering Market Key Segments:
Spain fraud detection and prevention and anti-money laundering market is analyzed based on five market segments- solution type, services, deployment type, end-user, and industry vertical. The types of solutions offered in the market include fraud analytics and authentication whereas the services comprise of professional and managed services.
Based on the model of deployment, the market is divided into cloud and on-premises. The applications are deployed in small & medium enterprises (SME), as well as large enterprises.
Based on the industry vertical, the sectors analyzed in Spain fraud detection and prevention and anti-money laundering industry report are retail, real estate, BFSI, healthcare, manufacturing, and others. The report includes Spain fraud detection and prevention and anti-money laundering market forecast of each of the aforesaid segments.
The leading players in Spain fraud detection and prevention and anti-money laundering market include SAS Institute Inc., NCR Limited, Fair Isaac Corporation, ACI Worldwide, ThreatMetrix, SAP SE, BAE Systems, IBM Corporation, Lavastorm, and Oracle Corporation. The report includes the company overview, financials and business segments, and the recent developments made by the key players in Spain fraud detection and prevention and anti-money laundering market.
The information presented enables the market players to make informed decisions by gauging the competitive scenario of the market and investing in lucrative market segments across the regions, which in turn leads to the growth of Spain fraud detection and prevention and anti-money laundering market size.
Key Benefits of the Report:
The report presents a detailed analysis of the key market factors that play a vital role in the progress or failure of Spain fraud detection and prevention and anti-money laundering market. Porter's Five Forces Model analyzes the impact on the dynamics of the market caused by five major market factors such as bargaining power of buyers and suppliers, the threat of new entrants and substitute products, and the intensity of competitive rivalry among the leading players in the market.
Qualitative and quantitative analysis of the market highlights the current and emerging trends and identify the prevailing opportunities in the industry.
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