Fraud Detection and Prevention Market Size 2019 – Global Share, Emerging Trends, Development Strategy, Key Vendors, Opportunities and Regional Forecast 2027

Market Research Future published a research report on “Fraud Detection and Prevention Market Research Report- Global Forecast 2027” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2027.

Pune, India - September 11, 2019 /MarketersMedia/ —

Market Insight

The market for fraud detection and prevention is probable to observe an impressive CAGR of 25.24% during the forecast period (2018-2027) and surpass a valuation of USD 139 billion. The application tools for fraud detection and prevention are majorly used to verify a vast range of data sources to recognize discrepancies and anomalies, especially in transaction activities.

The increased number of electronic transactions is contributing to the exponential growth of the market. The ongoing technological advancements and stringent government regulations are also to reinforce fraud prevention and detection systems within organizations, which is fueling the demand for these solutions in greater ways. On the other hand, substantial increased electronic transactions couples with the introduction of stringent privacy laws for various end-use industry verticals is portraying as a favor to the market during the forecast period.

Get Free Sample Copy of Report @ https://www.marketresearchfuture.com/sample_request/2985

Key Players:

iovation Inc., IBM Corporation, Oracle Corporation, PayPal Holdings Inc., CardinalCommerce Corporation (Visa Inc. Class A), Distil Networks, Inc., LexisNexis Risk Solutions Company, Experian PLS, Accertify Inc. (American Express Company), F5 Networks Inc., Kaalbi Technologies Pvt. Ltd, Signifyd Inc., Guardian Analytics Inc., Kount Inc., Clearsale SA, Pindrop Security Inc., ACI Worldwide Inc., BioCatch Ltd.

Market Segmentation

The segmental analysis of Fraud Detection and Prevention Market has been conducted based on solution, service, application, organization size, and vertical.

In terms of solution, the market includes fraud detection, authentication, and data synthesis. The study tells that in 2017, the authentication segment had the largest market share and is anticipated to remain highly profitable in the coming years. Also, it is projected that the segment will expand at 28.1% CAGR with the growth is likely to drive by the surging usage of authentication solutions to secure networks and gateways. Further, the fraud detection segment spots the second spot and is probable to maintain its position throughout the assessment period.

In terms of service, the market has been segmented into professional service and managed service. Among which, the professional service segment was valued at USD 9,802.6 million in 2017 and now is set to expand at 25.6% CAGR by 2027. The demand for fraud detection and prevention centric professional services is one of the rising factors in the market. Also, consultation services, implementation services, and support & maintenance services are anticipated to remain sought-after in the foreseeable future. The professional services segment will persist in outperforming the managed services segment.
In terms of application, the market is also segmented into insurance claims, money laundering, and electronic payment. The electronic payment segment is anticipated to maintain its leading position of 2027, acquiring a double-digit CAGR of 26.8%. The progress of this market is driven by the upward popularity of electronic payments platforms.

In terms of organization size, the market has been segmented into large enterprises, and small & medium enterprises (SMEs). In 2017, the large enterprise segment occupied 68.7% market share. The segment is anticipated to observe a robust CAGR of 24.9% during the assessment period. Fraud detection solutions are an essential need of large enterprises in support of amplified incidences of fraudulent and malicious cyber-attacks. The small & medium enterprise segment is anticipated to grow at 25.9% CAGR during the forecast period.

In terms of vertical, the market is also categorized into BFSI, government, real estate, manufacturing, media & entertainment, telecommunication, retail, travel & transportation, energy & power, and healthcare. The BFSI segment had over one-fourth market in 2017 and was valued at USD 3,846.9 million. The segment is anticipated to inflate at a healthy pace in the foreseeable years.

Regional Outlook

Key regions covered in the study of global fraud detection prevention market include regions of Asia Pacific (APAC), North America, Europe, Latin America, and the Middle East & Africa (MEA).

Of these, North America has the largest market share in terms of value. The region is likely to hold its leading market position throughout the review period. A robust adoption rate and existence of key market players are the major factors that support the market growth in North America. In the meantime, Asia Pacific market is likely to witness the highest CAGR and capture the second spot by 2027.

Get Complete Report @ https://www.marketresearchfuture.com/reports/fraud-detection-prevention-market-2985

Key Development

• In May 2017, IBM and Cisco collaborated to work on address cybercrime threats. The two companies worked on various products, services, and threat intelligence technology for their customers by integrating Cisco’s security solution with IBM QRadar.
• In July 2018, PayPal entered into a USD 400 million agreement with progressive cross-border payment platform—Hyperwallet.
• In January 2018, CardinalCommerce collaborated with 3dcart, a leading e-commerce provider, to integrate its 3-D Secure 2.0 protections into 3dcart.

About Us:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact Info:
Name: Abhishek Sawant
Email: Send Email
Organization: Market Research Future
Website: https://www.marketresearchfuture.com

Source URL: https://marketersmedia.com/fraud-detection-and-prevention-market-size-2019-global-share-emerging-trends-development-strategy-key-vendors-opportunities-and-regional-forecast-2027/88917853

Source: MarketersMedia

Release ID: 88917853

Latest News

APNewsBreak: US government unveils final Utah monument plan

Sep 19, 2019

SALT LAKE CITY — The U.S. government's final management plan for land in and around a Utah national monument that President Donald Trump downsized doesn't include many new protections for the cliffs, canyons, waterfalls and arches found there, but it does include a few more safeguards than were in a proposal issued last year. The Bureau of Land Management's plan for the Grand Staircase-Escalante National Monument in southwestern Utah codifies that the lands cut out of the monument will be open to mineral extraction such as oil, gas and coal as expected, according to a plan the agency provided to...

Shard reveals how Cyprus' ancient kingdoms managed economy

Sep 19, 2019

NICOSIA, Cyprus — The discovery of a small clay shard inscribed with a partial inventory of goods at a 2,500-year-old citadel suggests that Cyprus' ancient city states "more than likely" managed their economies using a homegrown system, not an imported one, an archaeologist said Wednesday. University of Cyprus Professor Maria Iacovou told The Associated that the recent discovery at the ancient kingdom of Paphos on Cyprus' southwestern coast refutes the notion that Cypriot city states managed their economies based on systems brought over from foreign kingdoms, like those of neighboring Phoenician city states. The inscription on the shard was in...

Scientists say monster penguin once swam New Zealand oceans

Sep 19, 2019

WELLINGTON, New Zealand — Scientists in New Zealand said Wednesday they've found fossilized bones from an extinct monster penguin that was about the size of an adult human and swam the oceans some 60 million years ago. They said the previously undiscovered species is believed to have stood about 1.6 meters (5 feet 2 inches) tall and weighed up to 80 kilograms (176 pounds). It's believed to have been one of several species of giant penguins that thrived soon after dinosaurs died out. The findings were published this week in "Alcheringa: An Australasian Journal of Palaeontology." Paul Scofield, a co-author...

Gazans struggle to protect antiquities from neglect, looting

Sep 19, 2019

KHAN YOUNIS, Gaza Strip — Walid al-Aqqad's Gaza home would be the envy of many an antiquities collector. Pieces of Corinthian columns greet visitors in the backyard. Inside, hundreds of ancient pots and other artifacts hang on the walls or are arranged helter-skelter on shelves. They are remnants of five millennia of Gaza's history, from the Bronze Age to the Islamic caliphates and on down to the years of Ottoman and British rule in the 20th century. A sliver of land on the Mediterranean, Gaza was a major trade route between Egypt and the Levant going back to ancient times....

T-Mobile's $26.5B Sprint deal OKed despite competition fears

Sep 19, 2019

WASHINGTON — U.S. regulators have approved T-Mobile's $26.5 billion takeover of rival Sprint, despite fears of higher prices and job cuts, in a deal that would leave just three major cellphone companies in the country. Friday's approval from the Justice Department and five state attorneys general comes after Sprint and T-Mobile agreed to conditions that would set up satellite-TV provider Dish as a smaller rival to Verizon, AT&T and the combined T-Mobile-Sprint company. The Justice Department's antitrust chief, Makan Delrahim, said the conditions set up Dish "as a disruptive force in wireless." But attorneys general from other states and public-interest...

About Us

Science Thread delivers quality and fascinating science and technology content that matters on a daily basis and makes it go viral.

Contact us: sales@sciencethread.com