The Fraud Detection and Prevention (FDP) market size is estimated to be USD 14.37 Billion in 2016, at a Compound Annual Growth Rate (CAGR) of 20.1%. The base year considered for the study is 2016, and the market size is calculated from 2017 to 2022.
Seattle, WA -- (SBWIRE) -- 10/12/2017 -- According to a new market research report "Fraud Detection and Prevention Market by Solution (Fraud Analytics and Authentication), Service, Application Area (Insurance Claim, Money Laundering, Electronic Payment, and Mobile Payment), Organization Size, Vertical, and Region - Global Forecast to 2022", published by MarketsandMarkets™, tThe FDP market is expected to grow from USD 16.62 Billion in 2017 to USD 41.59 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 20.1%.
Browse 79 Market Data Tables and 39 Figures spread through 167 Pages and in-depth TOC on "Fraud Detection and Prevention Market by Solution (Fraud Analytics and Authentication), Service, Application Area (Insurance Claim, Money Laundering, Electronic Payment, and Mobile Payment), Organization Size, Vertical, and Region - Global Forecast to 2022"
The demand for solutions, which can help enterprises detect the fraudulent activities and prevent them from occurring, is increasing with a high growth rate. The number of frauds is increasing at a stagnant rate, but it is the increase in the revenue loss that is driving the demand for FDP solutions. All the FDP solutions should work simultaneously in order to provide a fraud-proof enterprise environment. FDP solutions provide a strong defense against fraudulent activities and safeguard organizations from internal and external threats. As the frequency of sophisticated fraud attacks on enterprises is growing, the market is expected to gain traction in the next 5 years. The major forces driving the FDP market are the increasing fraudulent activities in various industries, the increasing reputation loss and revenue loss for organizations, and the increasing online transactions over web and mobile applications.
The authentication solution is expected to have the largest market share in the FDP market in 2017
Single-Factor Authentication (SFA) and Multi-factor Authentication (MFA) are the subsegments of the authentication solution. The authentication solution is expected to have the largest market share and dominate the FDP market from 2017 to 2022. This solution helps enterprises maintain the authenticity of a transaction or information by blocking the unauthorized access to information or identifying false inputs from the user. With the rise in demand for high authenticity, authentication solutions are being readily deployed in enterprises.
Request to Get PDF Brochure @ http://www.marketsandmarkets.com/pdfdownload.asp?id=1312
The government and public utilities vertical is expected to grow at the highest CAGR in the FDP market
The government and public utilities vertical is expected to contribute to the largest market share in the FDP market. Frauds in the public or government sector include misappropriation of assets, bribery and corruption, accounting fraud, data theft, and money laundering. In the era of cyber warfare for public sector organizations, it is very important to maintain the data integrity. The Banking, Financial Services, and Insurance (BFSI) vertical is expected to dominate the FDP market, with the largest market size in 2017.
North America is expected to contribute to the largest market share, whereas Asia Pacific (APAC) is projected to grow at the highest CAGR
North America is expected to have the largest market share and dominate the FDP market from 2017 to 2022, due to the high number of early technology adopters in this region. Due to the rise in adoption of mobile banking applications and the Bring Your Own Device (BYOD) trend, the FDP infrastructure in APAC is expected to gain traction during the forecast period. The main reason for the high growth in the APAC region is the wide adoption of FDP solutions, due to the growing number of frauds and increasing government regulatory compliance.
Inquiry before Buying @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=1312
The major vendors in the FDP market include IBM (US), FICO (US), Oracle (US), SAS Institute (US), BAE Systems (UK), DXC Technology (US), SAP (Germany), ACI Worldwide (US), Fiserv (US), ThreatMetrix (US), NICE Systems (Israel), Experian (US), LexisNexis (US).
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
701 Pike Street,
Suite 2175, Seattle,
WA 98101, United States