Fraud detection and prevention systems are software applications used to provide analytical solutions for detection and prevention of fraud in uncertain future.

Portland, OR -- (SBWire) -- 08/04/2017 --Fraud detection and prevention systems are software applications used to provide analytical solutions for detection and prevention of fraud in uncertain future. In 2015, North America was the most dominant region for fraud detection and prevention solutions, due to industrial expansion and rise in fraudulent activities within the region. Enterprises today are more susceptible to incidents of frauds that result in financial losses and thus, the adoption of such analytical solutions has witnessed a significant growth. However, the generation of massive amounts of enterprise data and the technological advancements in present times increase the demand for detection and prevention solutions, thereby identifying or preventing future occurrences. Spain Fraud Detection & Prevention and Anti-Money Laundering Market is expected to grow at a CAGR of 16.3% from 2017 to 2025.

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Based on solution type, the market is bifurcated into fraud analytics and authentication. Services covered in the study include managed and professional. Based on deployment model, it is classified into cloud and on-premises. By end-user, the fraud detection and prevention market is categorized into small & medium enterprises (SME) and large enterprises (LE). Various industries included in the fraud detection and prevention market are BFSI, retail, healthcare, real estate, manufacturing, and others.

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Market Dynamics

Drivers

Emergence of big data analytics
Growth in demand for cloud-based security solutions
Rapid increase in mobile banking
Restraints

High cost of fraud detection and prevention solutions
Market Players

Top market players profiled in the report are IBM Corporation, Oracle Corporation, SAS Institute Inc., Fair Isaac Corporation, SAP SE, BAE Systems, ACI Worldwide, NCR Limited, Lavastorm, and ThreatMetrix.

MARKET LANDSCAPE

By Solution Type

Fraud analytics
Authentication
By Services

Professional
Managed
By Deployment Type

Cloud
On-Premises

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By End User
Small & Medium Enterprises (SME)
Large enterprises
By Industry Vertical

BFSI
Retail
Healthcare
Real Estate
Manufacturing
Others