Fraud Detection and Prevention market to grow from $8.87 billion in 2014 to $20.49 billion by 2019. This represents a Compound Annual Growth Rate (CAGR) of 18.2% from 2014 to 2019.
(PRWEB) November 11, 2014
Fraud detection and prevention solutions and services are the offerings from IT vendors which help enterprises to take counter measures to fight fraud incidents and occurrences. These solutions detect fraud incidents and prevent enterprises from losing revenue. This report refer to the IT solutions systems and services which are used to analyze the data and find anomalies and patterns (to find deterrence from usual course) and the solutions which regulate user access by verification and authentication along with the services helpful in the ecosystem. Complete report is available at http://www.reportsnreports.com/reports/272449-fraud-detection-and-prevention-market-by-fraud-analytics-predictive-customer-social-media-visual-by-authentication-single-factor-multifactor-strong--global-advancements-worldwide-forecasts-analysis-2013-2018-.html.
With time the number of fraud cases are increasing but the major concern is that the losses caused by these incidents are increasing at higher growth rate. Enterprises in such circumstances are being enforced to take counter measures. Industries having transactions which (mostly monetary transactions) are prime target of fraudsters. Banking, financial sector, insurance, and public sector are among such industries and hence demand for these solutions is significantly high in these industries. Retail, telecommunications, manufacturing, transportation, real estate, healthcare and education are other industries where penetration is observed to be high.
The major players in the fraud detection and prevention market are ACI Worldwide, Computer Science Corporation (CSC), EMC Corporation, FICO, FIS Global, Fiserv, IBM, Oracle, SAP Ag and SAS Institute. Order a copy of this report at http://www.reportsnreports.com/purchase.aspx?name=272449.
Rise in online transactions frauds, cards related frauds and insurance claim frauds are the prime factors which are driving growth rates in banking and financial services, insurance, and retail sectors. As per the study, authentication would remain major revenue generating pocket but fraud analytics would be rising at higher growth rate. High growth rate in SMEs will drive the growth rates in region Asia-Pacific followed by Latin America.
Major challenges in this market include low awareness level of fraud possibilities in SMEs, high costs of deployments, and unavailability of pre deployment measures of performance. Though awareness level in SMEs is increasing and the impact of this factor will decrease in due course of time but the cost and pre deployment measures would remain primary concern in the market. Priced at $4650 for a single user PDF, a discount on this research report can be requested at http://www.reportsnreports.com/contacts/discount.aspx?name=272449.
For the market sizing and forecasting, several assumptions have been taken into consideration such as economic, regulatory, and technological. For instance, exchange rates, one of the economic factors, are expected to have a moderate rating of impact on this market. Therefore, dollar fluctuations are expected to not seriously affect the forecasts in the emerging APAC regions.
The report will help the market leaders/new entrants in this market in the following ways –
- This report will provide a comprehensive look in the global fraud detection and prevention market in terms of fraud analytics, authentication solutions, GRC solutions, reporting and visualization tools market and services revenues. Market numbers are further split across verticals, end-users and regions.
- The report will provide insights to the vendors about positioning of their competitors and their own and will help them to understand opportunities in other industry verticals and regions.
- The report helps them understand the pulse of the market. The report provides information on key market drivers, restraints, challenges, and opportunities.
Browse Related Reports:
"Complex Event Processing (CEP) Market by (Algorithmic Trading, Fraud Detection, Sentiment Analysis, Supply Chain Optimization, Transportation and Logistics, Revenue Assurance, & Emergency Response Services) - Global forecast to 2019” research report is now available with ReportsnReports.com. Companies like Cisco System Inc, Sap Ag, IBM, Oracle Corporation, Red Hat Inc, Emc Corporation, Fujitsu, Huawei, Lockheed Martin and Tibco Software Inc are discussed in this research available at http://www.reportsnreports.com/reports/267690-complex-event-processing-cep-market-algorithmic-trading-fraud-detection-sentiment-analysis-supply-chain-optimization-transportation-and-logistics-revenue-assurance-emergency-response-services-worldwide-market-forecast-analysis-2013-2018-.html.
"Customer Experience Management Market (VOC Analytics, Feedback Management, Web Analytics, Text Analytics, Speech Analytics) - Advanced Technologies, Touch Points, Adoption Trends, Market Size & Forecasts (2014 – 2019)” research report is now available with ReportsnReports.com. Companies like Adobe Systems Incorporated, Alcatel-Lucent, Amdocs Limited, Cisco Systems Inc, Ericsson, Huawei, Hewlett-Packard Company, Ibm, Nokia Siemens Networks and Oracle Corporation are discussed in this research available at http://www.reportsnreports.com/reports/197560-customer-experience-management-cem-market-voc-analytics-feedback-management-web-analytics-text-analytics-speech-analytics-advanced-technologies-touch-points-adoption-trends-market-size-forecasts-2012-2017-.html.
Explore more IT & Telecommunication Market Research Reports at http://www.reportsnreports.com/market-research/information-technology/.
ReportsnReports.com is an online market research reports library of 450,000+ reports (http://www.reportsnreports.com/latest-market-research.aspx ) and in-depth studies of 5000+ micro markets. We provide reports by 100+ publishers, including MarketsandMarkets.