The Fraud Detection and Prevention Market was valued at USD 22.8 billion in 2021. The market is projected to grow USD 65.64 billion in 2028, at a CAGR of 16.31%. Fraud Detection is a process that detects fraudulent transactions and prevention from fraudsters through wrong means. Fraudulent activities include cyberattacks, false invoices, money laundering, identity theft, and many others. The fraud detection technology involves various data-based techniques. The major features of fraud detection and prevention solutions are easy scalabilities, cost-effectiveness, increased accuracy, faster & efficient detection. Fraud detection and prevention solutions are serving several industries such as BFSI, manufacturing, healthcare, hospitality, transportation, government & public sector, legal, education, automotive, and others.
The increasing digitalization of transactions and the popularity of e-banking, cross-border transactions, digital payment apps are leading to the rise of the fraud detection and prevention market. Artificial Intelligence and Machine Learning play a vital role in the fraud detection and prevention market owing to the rise in simplifying businesses operation and improved internal security. By coupling with artificial intelligence, a fraud detection solution can be more effective by providing real-time data to reduce the latency of the fraud.
Request for a Sample Report Here: https://extrapolate.com/sample/Information-Technology-Communication-IoT/fraud-detection-and-prevention-market/21586?utm_source=Writeupcafe-8025
The study’s scope includes a rating of main service providers, profits and pricing in key market segments utilizing business scenarios. The Fraud Detection and Prevention research study also investigates the supply chain and industry dealers in depth. The market study also considers a number of crucial elements that influence the global industry’s growth. The report also provides a statistical picture of the global industry, indicating the number of external and internal driving and restraining factors. The Market Research study’s global market research study will feature a large amount of unique data. A number of Fraud Detection and Prevention industry professionals and key opinion leaders also do extensive quantitative and qualitative research in order to obtain a better understanding of the market and industry performance.
The report provides a comprehensive analysis of company profiles listed below:
BAE Systems. (UK)
NICE Ltd. (US)
FICO (US)
LexisNexis Risk Solutions Group. (US)
TransUnion LLC. (US)
IBM (US)
Uplexis (Brazil)
Experian Information Solutions, Inc. (Brazil)
Accenture. (Dublin, Ireland)
Tata Communications. (India)
Florida (US)
Thales Group (France)
SAS Institute, Inc. (US)
Type Analysis of World Wide Market:
Cloud
On-Premise
Segmentation of global Fraud Detection and Prevention Market by Application:
BFSI
IT and Telecom
Retail and Consumer Packaged Goods
Government
Construction and Real Estate
Energy and Utilities
Travel and Transportation
Manufacturing
Healthcare and Life Sciences
Media and Entertainment
The study report offers a comprehensive analysis of Fraud Detection and Prevention Market size across the globe as regional and country level market size analysis, CAGR estimation of market growth during the forecast period, revenue, key drivers, competitive background and sales analysis of the payers. Along with that, the report explains the major challenges and risks to face in the forecast period. Market is segmented by Type, by Application, Players, stakeholders and other participants in the global Market will be able to gain the upper hand as they use the report as a powerful resource.
Market segment by Region/Country including:
• North America (United States, Canada and Mexico)
• Europe (Germany, UK, France, Italy, Russia and Spain etc.)
• Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)
• South America (Brazil, Argentina and Colombia etc.)
• Middle East & Africa (South Africa, UAE and Saudi Arabia etc.)
Scope of this Report:
• This report segments the global Fraud Detection and Prevention market comprehensively and provides the closest approximations of the revenues for the overall market and the sub-segments across different verticals and regions.
• The report helps stakeholders understand the pulse of the Fraud Detection and Prevention market and provides them with information on key market drivers, restraints, challenges and opportunities.
• This report will help stakeholders to understand competitors better and gain more insights to better their position in their businesses. The competitive landscape section includes the competitor ecosystem, new product development, agreement and acquisitions.
For More Information, Visit: https://extrapolate.com/Information-Technology-Communication-IoT/fraud-detection-and-prevention-market/21586?utm_source=Writeupcafe-8025
This research report gives detailed data about the major factors influencing the growth of the Fraud Detection and Prevention market at the global level forecast of the market size, in terms of value, market share by region and segment, regional market positions, segment and country opportunities for growth, Key company profiles, SWOT Analysis, product portfolio and growth strategies. In this report, the market’s essential sides such as top participants, expansion strategies, business models and other market features to improve market insight.
