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, according to Report Consultant
Fraud Detection System is a Web-based security solution that can signal the threat of fraud before customers fall prey to the perpetrators. The system analyzes suspicious behavior and produces reports for security and risk mitigation purposes. Unlike network security solutions, the system reports suspicious activity before it escalates into fraud, identity theft or other crimes.
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.
Top Key Players mentioned in the report are:
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.
North America was the dominant region for fraud detection solutions in 2018, owing to industrial expansion and rise in fraudulent activities. Currently, enterprises are more susceptible to incidents of frauds that may result in financial losses due to the generation of massive amounts of enterprise data and increase in technological advancements.
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