Fraud Detection & Prevention Market will Generate Massive Revenue Of $56.56 Billion By 2025 “The global fraud detection & prevention market size is anticipated to reach USD 56.56 billion until 2025. It is anticipated to register growth with 18.9% CAGR during the forecasted period, 2018 to 2025. This growth can be attributed to the rising need for providing cyber security prevailing among several organizations to gain the trust of customers and securing their data.”
The Global Fraud detection & prevention Market Report offers details on current and future growth trends pertaining to the business besides information on numerous regions across the geographical landscape of the Fraud detection & prevention Market. The study includes global, regional, and country-level market size, shares, growth rate analysis (include the causes of highest and lowest peak industry analysis), product launches, latest trends, the impact of covid19 on worldwide. Fraud detection & prevention Market Research Methodology overview consists of primary and secondary research, company share analysis, model (including Demographic data, Macroeconomic indicators, and Industry indicators i.e. Expenditure, infrastructure, sector growth, and facilities, etc), Research Limitations, and Revenue Based Modelling. Comprehensive analysis of Fraud detection & prevention Market based on current & future analysis depending on historic data also featured in this Report. The global fraud detection & prevention market size is anticipated to reach USD 56.56 billion until 2025. It is anticipated to register growth with 18.9% CAGR during the forecasted period, 2018 to 2025. This growth can be attributed to the rising need for providing cyber security prevailing among several organizations to gain the trust of customers and securing their data. The organizational segment of large enterprises dominated the global market with share of 75.0%, in 2018 due to their ability to spend more and availability of cyber-technical expertise for preventing and detecting the fraud. The SMBs (Small and Medium Businesses) have also started adopting these solutions due to stringent governing policies and mounting looses prevailing among them due to such frauds.
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In 2018, the BFSI vertical segment dominated the global market on account of rising operations like mutual funds, insurance, and stock broking across the banking sector. On the other hand, the retail and e-commerce segment is anticipated to register the fastest growth in the upcoming years, due to surging usage of electronic payment options. North America held the largest share in terms of revenue owing to huge investments being made by several companies to innovate and develop solutions for detecting and preventing fraud and data leakage. Asia Pacific is projected to register the highest CAGR in the forecasted years, 2018 to 2025 due to the surging fraud cases across China and India. The fraud detection and prevention market include key players such as SAP SE, Total System Services, Inc., Software AG, Fiserv, Inc., IBM, and Oracle. These players are engaged in product development and innovation to gain a competitive advantage over other players. They are also investing hugely in R&Ds to widen their product portfolio. Further key findings from the report suggest: • In 2018, the payment fraud application segment held the largest share of 40% across the global fraud detection & prevention market. • The large enterprises segment accounted for a share of around 75% across the global market. • North America held largest share across the global market, in 2018. • The key players in this market are SAP SE, Total System Services, Inc., Software AG, Fiserv, Inc., IBM and Oracle.
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Million Insights has segmented the global fraud detection & prevention market on the basis of component, solutions, services, application, organization, vertical, and region: Fraud Detection and Prevention Component Outlook (Revenue, USD Million, 2015 - 2025) • Solutions • Services Fraud Detection and Prevention Solutions Outlook (Revenue, USD Million, 2015 - 2025) • Fraud Analytics
• Authentication • Governance, Risk, and Compliance Fraud Detection and Prevention Services Outlook (Revenue, USD Million, 2015 - 2025) • Professional Services • Managed Services Fraud Detection and Prevention Application Outlook (Revenue, USD Million, 2015 - 2025) • Insurance Claims • Money Laundering • Payment Fraud • Others
Fraud Detection and Prevention Organization Outlook (Revenue, USD Million, 2015 - 2025) • SMB • Large Enterprise Fraud Detection and Prevention Vertical Outlook (Revenue, USD Million, 2015 - 2025) • BFSI • Government & Defense • Healthcare • IT & Telecom • Industrial & Manufacturing • Retail & E-commerce • Others Fraud Detection and Prevention Regional Outlook (Revenue, USD Million, 2015 - 2025) • North America • U.S. • Canada • Europe
• U.K. • Germany • Asia Pacific • China • India • Japan • Latin America • Brazil • Mexico • MEA
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