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The report "Fraud Detection and Prevention Market by Solution (Fraud Analytics and Authentication), Application Areas (Insurance Claims, Money Laundering, Electronic Payment), Service (Professional and Managed), End-User, Vertical - Global Forecast to 2021", The FDP market size is estimated to grow at a CAGR of 18.2%. The Fraud Detection and Prevention Market is projected to reach USD 33.19 Billion by 2021 the market is expected to gain traction in the next five years.The Fraud Detection and Prevention (FDP) market size is estimated to grow from USD 14.36 billion in 2016 to USD 33.19 billion by 2021, at an estimated CAGR of 18.2% from 2016 to 2021. The FDP market is driven by factors such as emergence of big data analytics, rise in online businesses, electronic transactions, and mobile banking.
Browse 70 market data Tables and 51 Figures spread through 148 Pages and in-depth TOC on "Fraud Detection and Prevention Market by Solution (Fraud Analytics and Authentication), Application Areas (Insurance Claims, Money Laundering, Electronic Payment), Service (Professional and Managed), End-User, Vertical - Global Forecast to 2021" 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
Authentication solution segment is estimated to have the largest market size in 2016 as the demands for effective fraud detection solutions and real time operations are increased because of the growing volume of online payment transactions. Furthermore, fraud analytics will grow at the highest CAGR during the forecast period, due to the emergence of big data analytics.
Insurance sector has witnessed huge financial losses due to forged insurance claims. Thus, the adoption of FDP solutions is high in this segment. Insurance claims application area is expected to grow at the highest CAGR during the forecast period. However, electronic payment segment is expected to have largest market size in 2016.
With the increasing organization size and business complexities, large enterprises have started investing in FDP solutions to combat against fraudulent activities and maintain security of their financial firms, banking sectors, insurance sectors, and e-commerce. Large enterprises segment is expected to grow with the largest market size in 2016. Moreover, SMEs segment is expected to grow at the highest CAGR during the forecast period.
FDP solutions have been deployed across various industry verticals, including government & defense, retail, Banking, Financial Services, and Insurance (BFSI), IT & telecom, healthcare, and others. The retail vertical is expected to witness the highest CAGR during the forecast period because of the rise in electronic transactions, which are prone to advanced fraud-attacks. However, BFSI is estimated to have largest market size in 2016.
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APAC includes emerging economies, such as India and China, which are rapidly deploying FDP solutions. This is mainly due to growth in fraudulent activities in organizations, banking & financial institutes with the growing volume of online payment transactions. APAC is expected to grow at the highest CAGR during the forecast period. Furthermore, North America is expected to have largest market size in 2016.
North America is expected to have the largest market share and dominate the FDP market from 2016 to 2021, due to the presence of large number of FDP vendors across these regions. APAC offers potential growth opportunities in FDP solutions, as there is a wide presence of SMEs that are turning towards effective FDP solutions to defend against potential frauds.
The major vendors in the FDP market include IBM Corporation (U.S.), Oracle Corporation (U.S.), FICO (Brazil), SAS Institute Inc. (U.S.), SAP SE (Germany), CSC (U.S.), BAE Systems (U.K.), ACI worldwide (U.S.), and others.
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Objective of the Study
To define, describe, and forecast the global FDP market on the basis of solutions, services, application areas, end-users, verticals, and regions
To provide a detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
To analyze the opportunities in the market for the stakeholders and a detailed competitive landscape for the market leaders
To forecast the market size of the various market segments with respect to the regions of North America, Europe, APAC, MEA, and Latin America
To track and analyze competitive developments such as partnerships and collaborations, mergers and acquisitions, and new product launches in the FDP market
Key Target audiences of FDP market report are given below:
• FDP vendors
• FDP consulting firms
• Network solution providers
• Network administrators
• Application developers
• System integrators
• Resellers
• Managed service providers
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Release ID: 132012
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