DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Fraud Detection and Prevention Market - Global Forecast to 2021" report to their offering.
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.
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.
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.
Companies Mentioned:
- ACI Worldwide Inc.
- BAE Systems Inc.
- Computer Sciences Corporation (CSC)
- Fair Isaac Corporation (FICO)
- Fiserv Inc.
- IBM Corporation
- Oracle Corporation.
- SAP SE
- SAS Institute Inc.
-
Threatmetrix
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Market Analysis, By Solution
8 Market Analysis, By Service
9 Market Analysis, By Application Areas
10 Market Analysis, By End-Users
11 Market Analysis, By Vertical
12 Geographic Analysis
13 Competitive Landscape
14 Company Profiles
15 Other Developments
For more information about this report visit http://www.researchandmarkets.com/research/2fngz7/fraud_detection
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