Fraud Detection and Prevention Market Worth 33.19 Billion USD by 2021
08 Sep, 2016, 18:00 BST
PUNE, India, September 8, 2016 /PRNewswire/ --
According to a new market research 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", published by MarketsandMarkets, the 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%.
(Logo: http://photos.prnewswire.com/prnh/20160303/792302 )
Browse 70 market data Tables and 51 Figures spread through 148 Pages and in-depth TOC on "Fraud Detection and Prevention Market"
http://www.marketsandmarkets.com/Market-Reports/fraud-detection-prevention-market-1312.html
Early buyers will receive 10% customization on this report.
Rise in online business and electronic transactions is driving the FDP market
The major forces driving the FDP market are increasing online businesses and electronic transactions among organizations and financial institutes, which increase the frequency of fraudulent attacks. As the businesses are growing, new and sophisticated frauds are created everyday which has put company and individuals critical data at risk. This has encouraged banking & financial institutes and organizations to deploy FDP solutions to safeguard their accounts, endpoints, and networks against potential fraud-attacks.
Fraud analytics & authentication solution to play a key role in the FDP market
Authentication solution is expected to have the largest market share and dominate the FDP market from 2016 to 2021, due to growing demand for FDP solutions. Fraud analytics solution is expected to play a key role in changing the FDP landscape and will grow at the highest growth rate during the forecast period as number of frauds in organizations will continue to grow.
Banking, Financial Services, and Insurance (BFSI) vertical contributes maximum market share
Banking, Financial Services, and Insurance (BFSI) is expected to contribute largest market share in FDP market. The retail sector is expected to grow with the highest rate from 2016 to 2021, in the FDP market. The market is also projected to witness growth in telecommunication and government/public sector during the forecast period.
Ask for Sample Pages @ http://www.marketsandmarkets.com/requestsample.asp?id=1312
North America expected to contribute the largest market share, whereas APAC is expected to grow the fastest
North America is expected to have the largest market share and dominate the Fraud Detection and Prevention 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.
Browse Related Report
Personal Identity Management Market by Application (Access Control and Content Management), Service (Professional Services and Managed Services), Deployment Type (On-Premises and Cloud), Vertical, and Region - Global Forecast to 2021
http://www.marketsandmarkets.com/Market-Reports/personal-identity-management-market-244499986.html
Industrial Control Systems (ICS) Security Market by IT Solution, by IT Service (Risk Management Services, Design, Integration and Consulting, Managed Services, and Audit and Reporting), by Vertical & by Region - Global Forecast to 2021
Know More About our Knowledge Store @ http://www.marketsandmarkets.com/Knowledgestore.asp
About MarketsandMarkets
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/telecom-it
Connect us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
SOURCE MarketsandMarkets