Fraud Detection and Prevention Market Overview The Fraud Detection and Prevention Market is garnering significant traction across the globe. Fraud detection and prevention systems are used to analyze the data accumulated from various data sources. The market rise attributes to the increasing adoption of these software applications to gain analytical insights to detect and prevent fraud within an organization. Besides, the growing needs to tackle increasing revenue losses due to fraudulent attacks drive the growth of the fraud detection and prevention industry. Moreover, rising usages of electronic transactions across end-use verticals escalate market growth. According to Market Research Future (MRFR), the global fraud detection and prevention market is poised to create a valuation of USD 139,853.2 MN by 2027, growing at 25.2% CAGR throughout the forecast period (2017-2027). Get Free Sample Copy at: https://www.marketresearchfuture.com/sample_request/2985 Technological advancements and stringent government regulations fuel the market demand, promoting the uptake of fraud prevention and detection systems. Rising adoption of fraud detection & prevention systems by eCommerce companies to integrate 3D protection layers security technologies and plug-in to their 3dcart dashboard influence the market growth. Also, increasing cybercrime attacks boost the growth of the market. Moreover, the growing demand for threat intelligence technology integrated with security solutions to counter cyber threats across different networking and threat intelligence platforms substantiate market growth. Conversely, the high cost of these solutions is a major factor projected to impede market growth. Similarly, the lack of awareness about the advantages of fraud detection and prevention systems restrains the market growth. Fraud Detection and Prevention Market – Segments The report is segmented into six dynamics; By Solution
: Fraud Detection, Authentication, Data Synthesis, and others.
By Service
: Professional and Managed Services.
By Application: Insurance Claims, Money Laundering, Electronic Payment, and others. By Organization Size: SMEs and Large Enterprises. By Vertical : BFSI, Retail, Telecommunication, Government, Healthcare, Real Estate, Energy & Power, Manufacturing, Travel & Transportation, Media & Entertainment, and others. By Regions
: North America, Europe, APAC and Rest of the World.
Fraud Detection and Prevention Market – Geographical Analysis North America dominates the global fraud detection and prevention market. The largest market share attributes to the early adoption of digital technologies, such as AI, IoT, and machine