Fraud Detection and Prevention Market Overview
The fraud detection and prevention market is anticipated to witness healthy growth from 2019 to 2026, a research report suggests. Growing at a CAGR of 25.2%, the market is projected to reach US$139,853.2 million by 2026. Adoption of digitalization and IoT is expected to support the market growth along with increasing cyber-criminal frauds. As predicted by analysts, unavailability of qualified security professionals will negatively affect the market’s performance from 2019 to 2026. During the forecast period, the market will be supported by the increasing demand from various industry verticals and favorable policies across regional markets.
The lack of skilled professionals on the other hand will challenge security analysis sector based organizations functioning in the global fraud detection and prevention market. Analysts have split the market into vertical, application, organization size, service, FDP Market Share and solution segments based on products and services. Security analysis-based companies have been profiled. Concerns regarding high costs are set to affect the global market during the forecast period 2019 to 2026. The report also provides the market’s performance forecasts till 2026. Analysts have studied the strategy of security analysis segment-based organizations to help new entrants and established businesses. The security analysis sector itself is supported by the growing application areas as well as the increasing spending power of consumers. During the forecast period 2019 to 2026, the fraud detection and prevention market is set to witness a health growth across vertical, application, organization size, service, and solution segments as well as regional markets.
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Fraud Detection and Prevention Market Segmentation
Global Fraud Detection and Prevention Industry has been segmented into solution, service, application, organization size, and vertical.
By solution, the global market has been segmented into fraud detection, authentication, and data synthesis.
By services, the global market has been divided into professional service and managed service.
By application, the global market has been segregated into insurance claims, money laundering, electronic payment, and others.
By organization size, the global market has been divided into small & medium enterprises and large enterprises.
By verticals, the global market has been divided into BFSI, retail, telecommunication, government, travel & transportation, healthcare, real estate, energy & power, manufacturing, media & entertainment, and others.
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Fraud Detection and Prevention Market Competitive Landscape
The global fraud detection and prevention market research report brings a comprehensive study of vertical, application, organization size, service, and solution market segments, regional analysis, and security analysis vertical based company details of key players. As the forecast period 2019 to 2026 will bring new opportunities for the market owing to a rise in disposable income and the availability of many untapped opportunities, the market is set to grow at a compound annual growth rate of 25.2% and is predicted to reach a value of US$139,853.2 million by 2026. With SWOT analysis of security analysis sector based companies and Porter’s Five Force model analysis based findings, and understanding challenges such as growing concerns regarding high cost and the lack of demand from developing countries, companies in the security analysis sector can change the way business is done.
Fraud Detection and Prevention Market Key Players
- iovation Inc. (US)
- IBM Corporation (US)
- CardinalCommerce Corporation (US)
- Oracle Corporation (US)
- Experian PLC (Ireland)
- PayPal Holdings Inc. (US)
- Distil Networks Inc. (US)
Regional Overview
Security analysis market-based companies in the fraud detection and prevention market are functioning across North America, Europe, Asia Pacific, the Middle East, and Africa including the rest of the world. High demand across industry verticals will be a key growth driver for regional markets. However, demand and supply gaps will turn out to be a threat. For the forecast period 2019 to 2026 each of these regional markets are studied in the report. Starting from North America, the regional market and security analysis vertical based companies are spread across the United States, Canada, and Mexico. The unavailability of professional services will turn out to be a major challenge from 2019 to 2026. Parts of the European market covered in the report are regional markets spread across the United Kingdom, France, Italy, and Germany. The market in the region will be benefitted by advancements in technology as well as the growth of communication channels, suggests the report. Similarly, the security analysis sector’s segmental analysis for the Asia Pacific region covers India, Japan, China, and others. For the rest of the world, the research report for the fraud detection and prevention market covers the Middle East and Africa. Forecast based on the report’s findings are presented for the forecast period till 2026.
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Table Of Content
1 EXECUTIVE SUMMARY
2 MARKET INTRODUCTION
2.1 Definition 21
2.2 Scope Of The Study 21
2.3 Market Structure 21
3 Market Insights
4 Research Methodology
4.1 Research Process 26
4.2 Forecast Model 29
4.3 List Of Assumptions 30
5 Market Dynamics
Continued...
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- It Helps in Making Informed Business Decisions by Having Complete Insights of Market and By Making an In-Depth Analysis of Market Segments.
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