Fraud Detection and Prevention Market to Witness Huge Growth during 2021-2026

Global Fraud Detection and Prevention Market Research and Forecast Report 20212026 © 2019 IMARC All Rights Reserved

Author: Elena Anderson, Marketing Manager | Copyright © IMARC Service Pvt Ltd. All Rights Reserved IMARC Group

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Report Description and Highlights

Report Description

Global Fraud Detection and Prevention Market Research Report: According to the latest report by IMARC Group, titled " Fraud Detection and Prevention Market: Global Industry Trends, Share, Size, Growth, Opportunity an d Forecast 2021-2026 ," the global fraud detection and prevention market exhibited strong growth during 2015-2020.

Fraud detection and prevention includes various automated solutions that enable organizations to detect as well as assist in taking required measures to prevent fraudulent activities. These strategies heavily rely on statistical data analysis techniques and artificial intelligence (AI) to minimize fraud detection time and process transactions in a fast manner.

These solutions are also widely integrated with various state-of-the-art technologies to procure illegally stolen resources and effectively reduce the repercussions of scams. They are, therefore, widely deployed in numerous organizations to improve operational efficiency while ensuring proper security of their financial and network solutions.

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Report Description and Highlights

Report Description

Global Fraud Detection and Prevention Market Trends : The global market is primarily driven by the rising concerns regarding digital frauds. With the growing adoption of digitization across numerous industry verticals, there has been a rise in the incidences of cybercrimes and cyber frauds across the globe. This has impelled numerous companies to integrate their systems with fraud detection and prevention solutions, which is providing an impetus to the market growth.

Moreover, there has been a growing preference for online banking solutions among the masses. Along with this, digital payment apps and cross-border transactions are also gaining widespread prominence on the global level, which has contributed to the rising number of fraudulent cases that involve data breaches, payment frauds and identity thefts. This has encouraged organizations to deploy these solutions to assist them in predicting conventional fraud tactics and constantly deciphering sophisticated schemes.

Furthermore, the increasing popularity of e-commerce portals has also facilitated the growing demand for customer-centric fraud prevention techniques that are crucial tobusiness security strategy. Their use aids in bridging the gap between enhanced payment experience and security, thereby creating a positive outlook for the market. On account of the aforementioned factors, the market is expected to grow at a CAGR of around 16% during 2021-2026.

Report Description and Highlights

Report Description Market Summary: Breakup by Component: • Solutions • Services Breakup by Application: • Identity Theft • Money Laundering • Payment Fraud • Others Breakup by Organization Size: • Small and Medium Enterprises • Large Enterprises Breakup by Vertical: • BFSI • Government and Defense • Healthcare

Report Description Report Description and Highlights • • • •

IT and Telecom Manufacturing Retail and E-Commerce Others

Breakup by Region: •North America • United States • Canada •Asia Pacific • China • Japan • India • South Korea • Australia • Indonesia • Others

Report Description Report Description and Highlights •Europe • Germany • France • United Kingdom • Italy • Spain • Russia • Others •Latin America • Brazil • Mexico • Argentina • Columbia • Chile • Others • Peru •Middle East and Africa Turkey • Saudi Arabia • Iran

Report Description Report Description and Highlights • United Arab Emirates • Others Competitive Landscape with Key Player: • ACI Worldwide Inc. • BAE Systems • Cybersource Corporation (Visa Inc.) • DXC Technology Company • Experian plc, Fiserv Inc. • Global Payments Inc. • International Business Machines Corporation • Oracle Corporation • SAP SE • SAS Institute Inc. • Software AG • Total System Services Inc View Full Customization Report with TOC and List of figure : https://www.imarcgroup.com/fraud-detection-prevention-market

A partial List of

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Clients world's leading corporates, governments, and ourPartial ClientsList of institutions

A partial List of

We are the trusted business partners to the

of Clients leading corporates, governments, and ourPartial ClientsListworld's institutions

Report Description and Highlights

Report Description

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