Fraud Detection and Prevention Market

  • Product Code:
    RP-ID-10078149
  • Published Date:
    Mar 2019
  • Region:
    Global
  • Pages:
    140
  • Category:
    ICT & Telecom
  • Publisher:
    Infoholic Research
Global Fraud Detection & Prevention Market: Drivers, Restraints, Opportunities, Trends, and Forecast up to 2024
Overview:
Globally, the fraud detection & prevention solutions and services are witnessing a healthy growth in recent years due to the increased use of transactional data surveillance, identity, and access applications, and growing cybersecurity concerns among the enterprises. The enterprises are increasing their spending on security technologies to reduce organizational security breaches, secure the perimeter, data security, content protection & controls, maintain privacy, IP, and APIs among other factors. Hence, the adoption of fraud detection & prevention has been rising in SMEs and large enterprises. Furthermore, the increasing adoption of digital technologies such as IoT, analytics, and mobility technologies is supporting the growth of fraud detection & prevention across various industry sectors.
The enterprises are investing in security technologies for the protection of their organizational assets and customer data due to the rising concern among organizations for the security of their virtualized infrastructure and business information. The vendors are required to put in an effort to promote the benefits of the solutions as there is low awareness among the companies about the available solutions. In addition, there is a lack of industry standards, which is in the development phase. In the digitally connected world, the fraud detection & prevention market has reported a significant growth and is presenting ample opportunities for the industry players. The fraud detection & prevention solutions and services are used by organizations of all sizes (small, medium, and large) across various verticals such as manufacturing, telecom & IT, healthcare, government & public sectors, banking, financial services, and insurance (BFSI), and others.
Market Analysis:
According to Infoholic Research, the global fraud detection & prevention market will witness a CAGR of 12.4% during the forecast period 2018–2024. The growth in population, urbanization, globalization, technological advancements, and governmental measures are increasing the need for global security to deal with all kinds of physical information and technological breaches. Besides, the growth in data volumes for businesses and the need to keep the data secure for prospects are further giving an impetus to the growth of data security.


Market Segmentation Analysis:
The study covers and analyzes fraud detection & prevention market by components, by solutions, by services, by applications, by organization sizes, by deployment modes, by industry verticals, and regions. Bringing out the complete key insights of the industry, the report aims to provide an opportunity for players to understand the latest trends, current market scenario, government initiatives, and technologies related to the market. In addition, it helps the venture capitalists in understanding the companies better and make informed decisions. The regions coverage includes North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. The revenue is generated mainly from North America, Europe, and Asia Pacific. North America is leading the market followed by Europe with Asia Pacific emerging in fraud detection and prevention market.
Regions and Vendors Analysis:
The report contains an in-depth analysis of the vendor profiles, which includes financial health, business units, key business priorities, SWOT, strategy and views, and competitive landscape. The key and the prominent vendors covered in the report include SAP SE, IBM Corporation, Microsoft Corporation, SAS, and ACI Worldwide among various others. The vendors have been identified based on the portfolio, geographical presence, marketing & distribution channels, revenue generation, and significant investments in R&D.
Benefits
The report encompasses the study of different fraud detection and prevention solutions such as authentication, fraud analytics, governance, risk, and compliance (GRC), reporting and visualization; by services such as consulting services, managed services, support and maintenance services, and others; by applications — money laundering, electronic payment, insurance claim, mobile payment, and others. The fraud detection and prevention market include a major delivery model that is used to deliver deception technology suites including on-premise and on-cloud models. The growth of fraud detection and prevention market is driven by the growing usage of internet among the population, increased usage of cloud-based technology by banking service companies, use of mobile-based applications along with cross-industry partnerships, and significant increase in venture capital investments. The evolution of technologies such as cloud computing, cognitive computing, and machine learning are paving the way for growth of fraud detection and prevention. Furthermore, the report provides details about the major challenges impacting the market growth.
Table of Contents
1 Industry Outlook 12
1.1 Industry Overview 12
1.2 Industry Trends 13
1.3 PEST Analysis 13
2 Report Outline 15
2.1 Report Scope 15
2.2 Report Summary 16
2.3 Research Methodology 17
2.4 Report Assumptions 17
3 Market Snapshot 19
3.1 Total Addressable Market (TAM) 19
3.2 Segmented Addressable Market (SAM) 19
3.3 Related Markets 21
3.3.1 Artificial Intelligence 21
3.3.2 Cognitive Analytics 21
4 Market Outlook 22
4.1 Overview 22
4.2 Market Trends 23
4.3 Market Definition 23
4.4 Porter 5 (Five) Forces 24
5 Market Characteristics 25
5.1 Market Dynamics 25
5.1.1 Drivers 26
5.1.1.1 Increasing need for remote monitoring solutions 26
5.1.1.2 Increased focus on core business to improve scalability 26
5.1.1.3 Requirement of regulatory compliance and security 26
5.1.2 Restraints 26
5.1.2.1 Shifting of workloads 26
5.1.2.2 Low awareness about the technology 27
5.1.3 Opportunities 27
5.1.3.1 Increasing investments in cybersecurity 27
5.1.3.2 High adoption of third IT platforms 27
5.1.3.3 Demand from emerging economies 27
5.1.4 DRO – Impact Analysis 29
5.2 Market Segmentation 30
5.3 Key Stakeholders 30
6 Components 31
6.1 Overview 31
6.2 Solutions 32
6.2.1 Market Size and Analysis 32
6.3 Services 33
6.3.1 Market Size and Analysis 33
7 Solutions 34
7.1 Overview 34
7.2 Authentication 35
7.2.1 Market Size and Analysis 35
7.2.2 Single-Factor Authentication (SFA) 36
7.2.3 Market Size and Analysis 36
7.2.4 Multi-Factor Authentication 37
7.2.5 Market Size and Analysis 37
7.3 Fraud Analytics 39
7.3.1 Market Size and Analysis 39
7.4 Governance, Risk, and Compliance (GRC) Solutions 41
7.4.1 Market Size and Analysis 41
7.5 Reporting and Visualization 43
7.5.1 Market Size and Analysis 43
8 Services 45
8.1 Overview 45
8.2 Consulting Services 46
8.2.1 Market Size and Analysis 46
8.3 Managed Services 48
8.3.1 Market Size and Analysis 48
8.4 Support and Maintenance Services 50
8.4.1 Market Size and Analysis 50
8.5 Others 51
8.5.1 Market Size and Analysis 51
9 Applications 54
9.1 Overview 54
9.2 Money Laundering 55
9.2.1 Market Size and Analysis 55
9.3 Electronic Payment 57
9.3.1 Market Size and Analysis 57
9.4 Insurance Claim 58
9.4.1 Market Size and Analysis 58
9.5 Mobile Payment 61
9.5.1 Market Size and Analysis 61
9.6 Others 62
9.6.1 Market Size and Analysis 62
10 Deployment Modes 65
10.1 Overview 65
10.2 On-premises 66
10.2.1 Market Size and Analysis 66
10.3 On-cloud 68
10.3.1 Market Size and Analysis 68
11 End-users 70
11.1 Overview 70
11.2 Small and Medium-Sized Enterprises (SMES) 71
11.2.1 Market Size and Analysis 71
11.3 Large Enterprises 73
11.3.1 Market Size and Analysis 73
12 Industry Verticals 75
12.1 Overview 75
12.2 Banking Financial Services and Insurance (BFSI) 76
12.2.1 Market Size and Analysis 76
12.3 IT and Telecom 78
12.3.1 Market Size and Analysis 78
12.4 Healthcare 80
12.4.1 Market Size and Analysis 80
12.5 Government & Public Sectors 82
12.5.1 Market Size and Analysis 82
12.6 Others 84
12.6.1 Market Size and Analysis 84
13 Regions 86
13.1 Overview 86
13.2 North America 87
13.2.1 Market Size and Analysis 87
13.2.2 DRO for North America 88
13.3 Europe 93
13.3.1 Market Size and Analysis 93
13.3.2 DRO for Europe 94
13.4 APAC 99
13.4.1 Market Size and Analysis 99
13.4.2 DRO for Asia-Pacific 100
13.5 LAMEA 105
13.5.1 Market Size and Analysis 105
13.5.2 DRO for LAMEA 106
14 Vendor Profiles 111
14.1 SAP SE 111
14.1.1 Overview 111
14.1.2 Business segments 112
14.1.3 Business Focus 113
14.1.4 SWOT Analysis 114
14.1.5 Business Strategy 114
14.2 IBM Corporation 116
14.2.1 Overview 116
14.2.2 Business segments 117
14.2.3 Geographic Revenue 118
14.2.4 Business Focus 119
14.2.5 SWOT Analysis 119
14.2.6 Business Strategy 120
14.3 Microsoft 122
14.3.1 Overview 122
14.3.2 Business Segments 123
14.3.3 Geographic Revenue 124
14.3.4 Business Focus 125
14.3.5 SWOT Analysis 125
14.3.6 Business Strategy 126
14.4 SAS Institute 128
14.4.1 Overview 128
14.4.2 Business Focus 128
14.4.3 SWOT Analysis 129
14.4.4 Business Strategy 129
14.5 ACI Worldwide Inc. 131
14.5.1 Overview 131
14.5.2 Business Segments 132
14.5.3 Business Focus 133
14.5.4 SWOT Analysis 134
14.5.5 Business Strategy 134
15 Companies to Watch For 136
15.1 Coursera, Inc. 136
15.1.1 Overview 136
15.2 Udacity, Inc. 137
15.2.1 Overview 137
15.3 Feedzai Inc. 138
15.3.1 Overview 138
15.4 Fair Isaac Corporation 139
15.4.1 Overview 139
15.5 LexisNexis Group Inc. 140
15.5.1 Overview 140
Annexure 141
 Abbreviations 141


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SAP SE
IBM Corporation
Microsoft Corporation
SAS
ACI Worldwide
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