Global Fraud Detection and Prevention Market

Market Dynamics:
1. Market Drivers
1.1 Incorporation of AI and machine learning for fraud detection
1.2 Increasing economies
1.3 Growing rate of online transaction over mobile and web applications
1.4 Rising fraudulent activities
1.5 Growing revenue loss for organizations
2. Market Restraints
2.1 Lack of awareness about possible fraudulent in various industries
2.2 Poor integration capabilities
2.3 Costly deployment
2.4 Prior detection of fraudulent activities

Market Segmentation:
The Global Fraud Detection and Prevention Market is segmented on the application, component, organization size, deployment model, vertical, and region.
1. By Application:
1.1 Mobile payment
1.2 Insurance claims
1.3 Electronic payment
1.4 Money laundering
1.5 Others

2. By Component:
2.1 Solution
2.1.1 Authentication
2.1.1.1 SFA
2.1.1.2 MFA
2.1.2 Fraud analytics
2.1.2.1 Social media analytics
2.1.2.2 Customer analytics
2.1.2.3 Predictive analytics
2.1.2.4 Behavioral analytics
2.1.2.5 Big data analytics
2.1.3 GRC solutions

2.2 Service
2.2.1 Managed services
2.2.2 Professional services
2.2.2.1 Support and maintenance
2.2.2.2 Training and education
2.2.2.3 Consulting


3. By Organization Size:
3.1 Large Enterprises
3.2 Small and Medium Business

4. By Deployment Model:
4.1 Cloud-based
4.2 On-premise

5. By Vertical:
5.1 Government and Defense
5.2 IT and Telecommunications
5.3 Banking, Financial Services, and Insurance (BFSI)
5.4 Real Estate
5.5 Healthcare
5.6 Others

6. By Region:
6.1 North America (U.S., Canada, Mexico)
6.2 Europe (Germany, UK, France, Rest of Europe)
6.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
6.4 Latin America (Brazil, Argentina, Rest of Latin America)
6.5 Middle East & Africa

Competitive Landscape:
The major players in the market are as follows:
1. Experian Information Solutions, Inc.
2. Lexisnexis
3. Fair Isaac Corporation
4. IBM Corporation
5. Oracle Corporation
6. ACI Worldwide, Inc
7. SAS Institute
8. Fiserv, Inc.
9. BAE Systems
10. Nice Systems Ltd.
11. DXC Technology (CSC)
12. Threatmetrix, Inc.
13. SAP SE

These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Global Fraud Detection and Prevention Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.

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