Fraud Detection and Prevention Market Growth Outlook with Industry Review by 2024

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Fraud Detection and Prevention Market Growth
Outlook with Industry Review by 2024 Global
Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Regional Analysis of Fraud Detection and
Prevention Market

• North America is dominating the fraud detection
  and prevention market due to the presence of a
  large number of vendors operating in this region
  and the increasing adoption of e-tailing and
  other online-based services.
• Asia Pacific is anticipated to grow at a fast
  rate over the forecast time span owing to factors
  such as fast-growing economies and rise in the
  awareness of small and medium scale enterprises.
• Countries, such as India and China, are deploying
  these fraud detection and prevention systems,
  which are mainly due to the growth in fraudulent
  incidents in this region owing to the rise in
  online payments and transactions.

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• Application Analysis of Fraud Detection and
  Prevention Market
• The fraud detection and prevention market can be
  segmented on the basis of solutions, services,
  application, and industry verticals. Solutions
  can further be sub-segmented into fraud analytics
  and authentication. The fraud analytics include
  customer, predictive, social media, big data, and
  behavioral analytics. Authentication includes
  single-factor authentication and multi-factor
  authentication.
• Based on services, the fraud detection and
  prevention market can be segmented into
  professional services and managed services. The
  professional services can further be
  sub-segmented into consulting services, training
  and maintenance service and support services. The
  professional services are dominating the industry
  share owing to the improvement of operations, the
  rise in business productivity, and safe financial
  management.
• The authentication solutions have the highest
  share in the industry due to the shift from
  single-factor authentication to multi-factor
  authentication, which makes users account much
  harder for attackers to break. They allow
  organizations to use advanced security options,
  such as a single sign-on, which is easier for end
  users but difficult for hackers to operate. This
  sign-on allows users to operate required apps and
  data without having to enter passwords all the
  time.

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Competitive Market Share of Fraud Detection and
Prevention Market

• The main players operating in the fraud detection
  and prevention market include IBM Corporation,
  FICO, SAS Institute, Computer Sciences
  Corporation, SAP SE, BAE Systems, Fiserv, Inc.,
  Oracle Corporation, ACI Worldwide, and BAE
  Systems.
• The fraud detection and prevention market
  provides competitive benchmarking of leading
  players providing product offerings and key
  strategies such as mergers acquisitions and
  partnerships.

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