DUBLIN, Oct. 16, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/249f5q/global_fraud) has announced the addition of the "Global Fraud Detection and Prevention (FDP) Market - Trends and Forecasts (2015 - 2020)" report to their offering.
The demand for Fraud Detection and Prevention Solutions is expected to witness CAGR of 16.62% over the forecast period, to reach a total market value of $19.92 billion by end of 2020.
Growth in online transactions and increasing revenue losses due to fraudulent activities along with has augmented the demand for fraud detection and prevention solutions.
North America held the largest market share of 34.26% in 2014, followed by Europe, mainly attributed to growing E-retailing due to high rate of internet penetration and concentration of business enterprises.
Asia-Pacific followed by Latin America region is projected to witness highest growth rate over the next six years, due to several factors such as presence of some of the fastest growing economies and increasing number of small and medium scale enterprises.
The application of FDP encompasses multiple sectors, such as BFSI, manufacturing, retail, telecommunication, Healthcare, Government and others. The manufacturing sector, however, contributed to 17% of the Global Fraud Detection and Prevention Market in 2014, followed closely by BFSI. However, healthcare is poised to have highest compound annual growth rate of 25.13% over the forecast period, owing to growing health concern, increasing demand for medicare benefits along with emergent adoption of online health records and remote patient care.
Addressing FDP encompasses a set of activities including creation of a controlled environment, Fraud Risk Assessment, Monitoring customer transaction and activities, detection of fraud and inconsistencies, sharing of information, communication and strategic consulting, in order to address specific loopholes.
Some of the major players in the market are IBM, Oracle, LexisNexis, Equifax, Inc. FICO, CSC, FICO, Equifax, Inc., EMC Corporation and Bosch Software Innovations Gmbh.
Key Topics Covered:
1. Research Methodology
2. Executive Summary
4. Market Overview
5. Market Dynamics
6. Market Segmentation
7. Company Profiles
8. Market Trends and Projections
- SAS Financial Management
- EMC Corporation
- Equifax, Inc.
- Easy Solutions, Inc.
- BAE Systems Detica
- ACI Worldwide Inc.
- Bosch Software Innovations Gmbh
- Equifax, Inc.
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SOURCE Research and Markets