The global fraud detection and prevention market size is expected to grow from US$ 19.5 billion in 2019 to US$ 63.5 billion by 2027 at a CAGR of +27% during the forecast period.
Any illegal activities involved in deceiving someone willfully with an unfair and unlawful intention for financial or any personal gain is termed as a fraud. Fraud detection & prevention systems are software applications used to provide analytical solutions for against fraud incidents and help to identify or prevent future occurrences.
North America was the dominant region for fraud detection solutions in 2018, owing to industrial expansion and a rise in fraudulent activities. Currently, enterprises are more susceptible to incidents of fraud that may result in financial losses due to the generation of massive amounts of enterprise data and an increase in technological advancements.
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Top Key Players of Fraud Detection and Prevention 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), Kount (US), and Simility (US)
The report has been curated by examining different geographies such as North America, Latin America, Middle East, Africa, and Europe. Static and dynamic features of the global Fraud Detection and Prevention market are also scrutinized through analysis methods such as primary and secondary research. The primary objective of this massive report is to offer an accurate and complete analysis of global market trends.
The major growth drivers, challenges, and trends influencing the market are examined at length. A thorough qualitative and quantitative data pertaining to the projected impact of these factors on the market’s future growth prospects are presented in the Fraud Detection and Prevention market research report. Focused market research methodologies help organizations in clearly gauging the most crucial stakes in the market that need to the considered for effective decision making.
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Fraud Detection and Prevention Market: Deployment Analysis
Fraud Detection and Prevention Market: Component Analysis
Fraud Detection and Prevention Market: End-User Analysis
- Small and Medium Enterprises (SMEs)
- Large Enterprises
Fraud Detection and Prevention Market: Industry Vertical Analysis
- IT and Telecom
- Government Sector
- Energy and Power
The report provides information on the technological advancements that are bound to take place in the coming years or are currently taking place in the market. Furthermore, the threats faced by the main player’s dominant in the global Fraud Detection and Prevention market have been highlighted. The geographical segmentation of global Fraud Detection and Prevention entails the dominant regions in the market during the forecast period. Information on the region leading this market and the reasons for the dominance of this region are also some of the aspects highlighted under this section of the report.
In This Study, The Years Considered To Estimate The Size Of Fraud Detection and Prevention Market Are As Follows:
- History Year: 2015-2018
- Base Year: 2018
- Estimated Year: 2019
- Forecast Year 2019 to 2026
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