DUBLIN--(BUSINESS WIRE)--The "Fraud Detection and Prevention Market by Solution Type, by Services, by Deployment by End User, by Industry Vertical - Global Opportunity Analysis and Industry Forecast, 2020 - 2030" report has been added to ResearchAndMarkets.com's offering.
The Global Fraud Detection and Prevention Market size is estimated to be USD 24.62 billion in 2019 and is predicted to reach USD 89.94 billion by 2030 with a CAGR of 12.5% from 2020-2030.
Fraud Detection and Prevention software helps in the identification of fraud and prevents data breach in organizations. It also facilitates secure online transactions by authenticating the access of the authorized users.
Market Dynamics and Trends
The constant rise in the number of fraud cases around the world have contributed to the market growth. Also, the introduction of big data analytics along with the growing adoption of cloud computing services are major elements contributing to the growth of fraud detection and prevention market. In addition, rapid increase in the mobile banking is among other major factors anticipated to fuel the market growth.
However, high cost of such software coupled with lack of awareness are factors restraining the market growth. On the other hand, increase in data analytics, and advancements in the existing software are expected create ample opportunities in the fraud detection and prevention market over the forecast period.
Geographical Analysis
The North America region holds the lion market share due to increased adoption of fraud detection and prevention software by numerous industries. Also, surge in number of data processing enterprises along with technological advancements and growing awareness regarding the devastating impact of online fraud on an organization are among other major factors driving market growth in this region.
Asia pacific is expected to develop significantly over the forecast period owing to the presence of developing economies coupled with the increased penetration of internet and mobile devices, surging cases of fraud and wide application across industries.
Competitive Landscape
Lucrative growth opportunities make the fraud detection and prevention market extremely competitive. Some of the major players in the market are IBM Corporation, SAP SE, Oracle Corporation, ACI Worldwide, Lavastorm, ThreatMetrix, SAS Institute Inc., BAE Systems, NCR Limited, and Fair Isaac Corporation among others.
Strategic alliances, acquisitions and innovations along with R&D are key strategies adopted by market players to maintain market dominance. For instance, in July 2020, NewDay, a financial services company partnered with RSA Security, financial crime prevention and predictive analytics company, to deliver advanced fraud protection for digital payments and address the requirements of the EMV 3-D secure protocol.
Key Topics Covered:
1. Introduction
2. Market Snapshot, 2019-2030 Million USD
2.1. Market Snapshot
3. Porter's Five Force Model Analysis
4. Market Dynamics
4.1. Growth Drivers
4.2. Challenges
4.3. Opportunities
5. Global Fraud Detection and Prevention Market, by Solution
5.1. Overview
5.2. Fraud Analytics
5.3. Authentication
6. Global Fraud Detection and Prevention Market, by Service
6.1. Overview
6.2. Professional Services
6.3. Managed Services
7. Global Fraud Detection and Prevention Market, by End-user
7.1. Overview
7.2. Small and Medium Enterprises (Sme)
7.3. Large Enterprises
8. Global Fraud Detection and Prevention Market, by Deployment Type
8.1. Overview
8.2. Cloud
8.3. On-Premises
9. Global Fraud Detection and Prevention Market, by Industry Vertical
9.1. Overview
9.2. BFSI
9.3. Retail
9.4. Healthcare
9.5. Real Estate
9.6. Manufacturing
9.7. Other Industry Vertical
10. Global Fraud Detection and Prevention Market, by Region
10.1. Overview
10.2. North America
10.3. Europe
10.4. Asia-Pacific
10.5. Rest of World
11. Company Profiles
11.1. Aci Worldwide, Inc.
11.2. Bae Systems, Inc.
11.3. Fair Isaac Corporation
11.4. International Business Machines Corporation
11.5. Lavastorm Analytics
11.6. Ncr Corporation (Alaric Systems Limited)
11.7. Oracle Corporation
11.8. Sap Se
11.9. Sas Institute Inc.
11.10. Threatmetrix Inc.
For more information about this report visit https://www.researchandmarkets.com/r/vt89dp
