August 27 2020
Market Research Future published a research report on “Fraud Detection and Prevention Market Research Report- Global Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
With the internet being used for every commercial activity, cyber crimes regarding frauds and online scams are increasing, and so is the need for measures regarding fraud detection and prevention. Market Research Future (MRFR) has published a research report about the global Fraud Detection and Prevention Market that determines aggrandizement between 2017 and 2027. By value, the market has been figured to be worth the $ 139 BN by the end of the forecast period.
The most underlined factors driving global fraud detection and prevention market growth include fierce competition, increasing cyber crimes, more digitization, rapid technological advancements, and changing frameworks.
The prominent players in the fraud detection and prevention market are – IBM Corporation (U.S.),Oracle Corporation (U.S.), Fico (Brazil), SAS Institute Inc. (U.S.), SAP SE (Germany), Computer Sciences Corporation (U.S.), BAE Systems (U.K.), ACI Worldwide (U.S.), Fiserv Inc. (U.S.), Threatmetrix (U.S.) among others.
Get More Details of Report @ http://www.marketwatch.com/story/covid-19-impact-on-fraud-detection-and-prevention-market-growth-industry-analysis-company-profile-regional-trends-developments-and-forecast-2027-2020-05-29
Fraud Detection and Prevention Market Segmentation
The global fraud detection and prevention market segmentation covers application, organization size, service, solution, vertical, and region. Under the application-based segmentation, the covered segments are electronic payment, insurance claims, and money laundering.
Based on organization size, this market has been segmented into small & medium enterprises (SMEs) and large enterprises. As per service-based segmentation, the market segments feature managed service and professional services.
As per solution-based segmentation, the market lists fraud detection, authentication, and data synthesis.
The vertical-based segmentation of this market features Banking, financial services and insurance (BFSI), energy & power, government, healthcare, manufacturing, media & entertainment, real estate, retail, transportation & logistics, travel & transportation, telecommunication, and others.
The regional segmentation of the global fraud detection and prevention market features the regional markets that are Latin America, Asia Pacific, Europe, North America, and the Middle East & Africa. During the forecast period, North America is foreseen to dominate the global market due to the presence of many major market players in the USA and various technological advancements. Canada is another crucial country-specific market in this region. These two countries are the early adopters of virtual transaction technologies. Strict regulations to curb financial loses is having a positive impact on the North America market.
Europe is another conspicuously important regional market due to the reasons that are pretty much the same as in the USA. The top-level technologically advanced country-specific markets in this region are France, Germany, Spain, and the UK, followed by the remaining countries of Europe.
In the Asia Pacific region, the market is growing due to the substantial growth of the information technology (IT) industry in China and India. Other country-specific markets in this region are Australia and Japan, followed by the remaining countries of the Asia Pacific region. Australia and Japan are equipped with advanced technology.
Latin America is a small market because it is not as technologically advanced as North America is. Most powerful country-specific markets in this region are Brazil, Chile, and Peru, followed by the remaining countries of Latin America.
In the MEA region, the market is cramped due to the limited availability of technology. The heavy country-specific markets in this region are Saudi Arabia, UAE, and Israel, followed by the remaining countries of the MEA region.
Get Complete Report @ https://www.marketresearchfuture.com/reports/fraud-detection-prevention-market-2985
Table Of Contents
List Of Figures
Figure 1 Research Type
Figure 2 Fraud Detection And Prevention Market: By Solution (%)
Figure 3 Fraud Detection And Prevention Market: By Service (%)
Figure 4 Fraud Detection And Prevention Market: By Application (%)
Figure 5 Fraud Detection And Prevention Market: By Vertical (%)
Figure 6 Fraud Detection And Prevention Market: By Region (%)
Figure 7 North America Fraud Detection And Prevention Market, By Solution (%)
Figure 8 North America Fraud Detection And Prevention Market, By Service (%)
Figure 9 North America Fraud Detection And Prevention Market, By Application (%)
Figure 10 North America Fraud Detection And Prevention Market, By End-User (%)
Figure 11 North America Fraud Detection And Prevention Market, By Vertical (%)
Figure 12 Europe Fraud Detection And Prevention Market, By Solution (%)
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