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Fraud Detection and Prevention Market by Solution Type, by Services, by Deployment by End User, by Industry Vertical - Global Opportunity Analysis and Industry Forecast, 2020 - 2030

  • ID: 5215105
  • Report
  • July 2020
  • Region: Global
  • 493 pages
  • Next Move Strategy Consulting

FEATURED COMPANIES

  • ACI Worldwide, Inc.
  • Bae Systems, Inc.
  • Fair Isaac Corporation
  • Lavastorm Analytics
  • Ncr Corporation
  • Oracle Corporation
  • MORE
Market Definition:

The Global Fraud Detection and Prevention Market size is estimated to be USD 24.62 billion in 2019 and is predicted to reach USD 89.94 billion by 2030 with a CAGR of 12.5% from 2020-2030. Any illegal and unlawful act conducted to extract any value from something is known as fraud. Fraud Detection and Prevention software helps in the identification of fraud and prevents data breach in organizations. It also facilitates secure online transactions by authenticating the access of the authorized users.

Market Dynamics and Trends

The constant rise in the number of fraud cases around the world have contributed to the market growth. Also, the introduction of big data analytics along with the growing adoption of cloud computing services are major elements contributing to the growth of fraud detection and prevention market. In addition, rapid increase in the mobile banking is among other major factors anticipated to fuel the market growth. However, high cost of such software coupled with lack of awareness are factors restraining the market growth. On the other hand, increase in data analytics, and advancements in the existing software are expected create ample opportunities in the fraud detection and prevention market over the forecast period.

Market Segmentations and Scope of the Study:

The global fraud detection and prevention market share is analyzed on the basis of solution type, services, deployment, end user, industry vertical and geography. On the basis of solution type, the market is segmented into fraud analytics and authentication. The fraud analytics are sub segmented into Predictive Analytics, Customer Analytics, Social Media Analytics, Bigdata Analytics, and Behavioral Analytics. The authentication segment is further divided into Single-Factor Authentication and Multifactor Authentication. On the basis of services, the market is divided into Professional and Managed. Based on deployment type, the market is divided into Cloud and On-Premises. On the basis of end user, the market is divided into Small & Medium Enterprises (SMEs) and Large Enterprises. On the basis of industry vertical, the market is divided into BFSI, Retail, Healthcare, Real Estate, Manufacturing, and Others. Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis

The North America region holds the lion market share due to increased adoption of fraud detection and prevention software by numerous industries. Also, surge in number of data processing enterprises along with technological advancements and growing awareness regarding the devastating impact of online fraud on an organization are among other major factors driving market growth in this region.

Asia pacific is expected to develop significantly over the forecast period owing to the presence of developing economies coupled with the increased penetration of internet and mobile devices, surging cases of fraud and wide application across industries.

Competitive Landscape

Lucrative growth opportunities make the fraud detection and prevention market extremely competitive. Some of the major players in the market are IBM Corporation, SAP SE, Oracle Corporation, ACI Worldwide, Lavastorm, ThreatMetrix, SAS Institute Inc., BAE Systems, NCR Limited, and Fair Isaac Corporation among others. Strategic alliances, acquisitions and innovations along with R&D are key strategies adopted by market players to maintain market dominance. For instance, in July 2020, NewDay, a financial services company partnered with RSA Security, financial crime prevention and predictive analytics company, to deliver advanced fraud protection for digital payments and address the requirements of the EMV 3-D secure protocol.

Key Market Segments:
Global Fraud Detection and Prevention market - By Solution Type
  • Fraud Analytics
  • Predictive Analytics
  • Customer Analytics
  • Social Media Analytics
  • Bigdata Analytics
  • Behavioral Analytics
  • Authentication
  • Single-Factor Authentication
  • Multifactor Authentication
Global Fraud Detection and Prevention market - By Service
  • Professional
  • Managed
Global Fraud Detection and Prevention market -By Deployment
  • Cloud
  • On-Premises
Global Fraud Detection and Prevention market -By End User
  • Small & Medium Enterprises (SMEs)
  • Large Enterprises
Global Fraud Detection and Prevention market -By Industry Vertical
  • BFSI
  • Retail
  • Healthcare
  • Real Estate
  • Manufacturing
  • Others
Global Fraud Detection and Prevention market -By Geography
  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • UK
  • Russia
  • Rest of Europe
  • Asia-Pacific
  • Japan
  • China
  • India
  • Rest of Asia-Pacific
  • RoW
  • Brazil
  • UAE
  • South Africa
  • Remaining Countries
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • ACI Worldwide, Inc.
  • Bae Systems, Inc.
  • Fair Isaac Corporation
  • Lavastorm Analytics
  • Ncr Corporation
  • Oracle Corporation
  • MORE
1. Introduction
1.1. Report Description
1.2. Research Methodology

2. Market Snapshot, 2019-2030 Million Usd
2.1. Market Snapshot

3. Porter's Five Force Model Analysis

4. Market Dynamics
4.1. Growth Drivers
4.2. Challenges
4.3. Opportunities

5. Global Fraud Detection and Prevention Market, by Solution
5.1. Overview
5.2. Fraud Analytics
5.3. Authentication

6. Global Fraud Detection and Prevention Market, by Service
6.1. Overview
6.2. Professional Services
6.3. Managed Services

7. Global Fraud Detection and Prevention Market, by End-user
7.1. Overview
7.2. Small and Medium Enterprises (Sme)
7.3. Large Enterprises

8. Global Fraud Detection and Prevention Market, by Deployment Type
8.1. Overview
8.2. Cloud
8.3. On-Premises

9. Global Fraud Detection and Prevention Market, by Industry Vertical
9.1. Overview
9.2. Bfsi
9.3. Retail
9.4. Healthcare
9.5. Real Estate
9.6. Manufacturing
9.7. Other Industry Vertical

10. Global Fraud Detection and Prevention Market, by Region
10.1. Overview
10.2. North America
10.3. Europe
10.4. Asia-Pacific
10.5. Rest of World

11. Company Profiles
11.1. Aci Worldwide, Inc.
11.2. Bae Systems, Inc.
11.3. Fair Isaac Corporation
11.4. International Business Machines Corporation
11.5. Lavastorm Analytics
11.6. Ncr Corporation (Alaric Systems Limited)
11.7. Oracle Corporation
11.8. Sap Se
11.9. Sas Institute Inc.
11.10. Threatmetrix Inc.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • ACI Worldwide, Inc.
  • Bae Systems, Inc.
  • Fair Isaac Corporation
  • Lavastorm Analytics
  • Ncr Corporation
  • Oracle Corporation
  • MORE
Fraud Detection and Prevention: Global Market Size, Trends, Competitive, Historical & Forecast Analysis, 2020 - 2030 Rise in the number of fraud cases, rapid increase in the mobile banking are key driving factors accountable for fraud detection market growth.

Any illegal and unlawful act conducted to extract any value from something is known as fraud. Fraud Detection and Prevention software helps in the identification of fraud and prevents data breach in organizations. It also facilitates secure online transactions by authenticating the access of the authorized users. The introduction of big data analytics along with the growing adoption of cloud computing services are major elements contributing to the growth of fraud detection and prevention market. In addition, rapid increase in the mobile banking is among other major factors anticipated to fuel the market growth.

The global fraud detection and prevention market share is segmented on the basis of solution type, services, deployment, end user, industry vertical and geography. On the basis of solution type, the market is segmented into fraud analytics and authentication. The fraud analytics are sub segmented into Predictive Analytics, Customer Analytics, Social Media Analytics, Bigdata Analytics, and Behavioral Analytics. The authentication segment is further divided into Single-Factor Authentication and Multifactor Authentication. On the basis of services, the market is divided into Professional and Managed. Based on deployment type, the market is divided into Cloud and On-Premises. On the basis of end user, the market is divided into Small & Medium Enterprises (SMEs) and Large Enterprises. On the basis of industry vertical, the market is divided into BFSI, Retail, Healthcare, Real Estate, Manufacturing, and Others. Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising North America, Europe, Asia-Pacific, and RoW.
Note: Product cover images may vary from those shown
  • ACI Worldwide, Inc.
  • Bae Systems, Inc.
  • Fair Isaac Corporation
  • International Business Machines Corporation
  • Lavastorm Analytics
  • Ncr Corporation
  • Oracle Corporation
  • SAP Se
  • SAS Institute Inc
  • Threatmetrix Inc
Note: Product cover images may vary from those shown
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