Fraud Detection & Prevention Market By Component, By Organization Size, By Deployment Model, By Industry Vertical : Global Opportunity Analysis and Industry Forecast, 2021-2031

Fraud Detection & Prevention Market By Component, By Organization Size, By Deployment Model, By Industry Vertical : Global Opportunity Analysis and Industry Forecast, 2021-2031

  • May 2022 •
  • 287 pages •
  • Report ID: 6311621 •
  • Format: PDF
Fraud Detection & Prevention Market By Component (Solution, Services), By Organization Size (Large Enteprises, Small and Medium-sized Enteprises), By Deployment Model (On-Premises, Cloud), By Industry Vertical (BFSI, Government and Defence, Retail, IT and Telecom, Helathcare, Manufacturing, Travel and Transportation, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031

Fraud detection and prevention is a collection of processes & techniques designed to identify, monitor, & prevent fraud. Detecting fraud is the first step in identifying where the problem lies and then it is needed to be prevented automatically or manually using fraud detection software.
Fraudulent activities cover a wide range of cases such as money laundering, cybersecurity threats, tax evasion, fraudulent insurance claims, fraudulent bank checks, identity theft, and terrorist financing, and can be found in the financial institutions, government, healthcare, public sector, and insurance industries. So, to combat this growing list of opportunities for fraud, organizations are implementing modern fraud detection and prevention technologies and risk management strategies that combine big data sources with real-time monitoring and apply adaptive & predictive analytics techniques such as machine learning and AI.
Moreover, fraud detection and prevention solutions are solutions offered by the IT vendors to small and medium enterprises and large enterprises to defend against unwilling or uncertain incidents and help to detect or prevent future occurrences. The current business scenario has witnessed an upsurge in the adoption of fraud detection and prevention solutions in developed as well as the developing regions. The companies adopt efficient techniques in an effort to provide customers with innovative and modernized security offerings. Introduction of big data analytics, cloud computing services, and upsurge in mobile payment bolster the growth of the fraud detection and prevention market. Although continuous technological advancements prevailing in the global market promote market expansion, while factors such as high cost of fraud detection and prevention solution are likely to restrict the fraud detection and prevention market growth.
The fraud detection and prevention market is segmented on the basis of component, organization size, deployment, industry vertical, and region. On the basis of component, the market is segmented into solutions and services. According to the organization size, it is fragmented into large enterprises and SME’s. On the basis of deployment, the market is segmented into cloud and on-premise. Depending on industry vertical, it is segregated into BFSI, IT & telecom, retail, healthcare, government & defense, manufacturing, transportation & logistics, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The Fraud detection and prevention market is dominated by key players such as IBM Corporation, Oracle Corporation, SAS Institute Inc., Fair Isaac Corporation., SAP SE, BAE Systems, ACI Worldwide, NCR Limited, Experian PLC, Precisely, and LexisNexis.
 

Key Benefits For Stakeholders
?This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the fraud detection & prevention market analysis from 2021 to 2031 to identify the prevailing fraud detection & prevention market opportunities.
?The market research is offered along with information related to key drivers, restraints, and opportunities.
?Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
?In-depth analysis of the fraud detection & prevention market segmentation assists to determine the prevailing market opportunities.
?Major countries in each region are mapped according to their revenue contribution to the global market.
?Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
?The report includes the analysis of the regional as well as global fraud detection & prevention market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Component
? Solution
? Services

By Organization Size
? Large Enteprises
? Small and Medium-sized Enteprises

By Deployment Model
? On-Premises
? Cloud

By Industry Vertical
? BFSI
? Government and Defence
? Retail
? IT and Telecom
? Helathcare
? Manufacturing
? Travel and Transportation
? Others

By Region
? North America
? U.S.
? Canada
? Europe
? U.K.
? Germany
? France
? Russia
? Rest of Europe
? Asia-Pacific
? China
? India
? Japan
? Australia
? South Korea
? Rest of Asia-Pacific
? LAMEA
? Latin America
? Middle East
? Africa
? Key Market Players
? INTERNATIONAL BUSINESS MACHINES CORPORATION
? NCR CORPORATION (ALARIC SYSTEMS LIMITED)
? ACI WORLDWIDE, INC.
? BAE SYSTEMS, INC.
? FAIR ISAAC CORPORATION
? ORACLE CORPORATION
? SAP SE
? SAS INSTITUTE INC.
? Precisely
? LexisNexis