FORT WORTH, Texas, April 6, 2015 /PRNewswire/ --
The Global Fraud Detection, Prevention, and Investigation market is expected to reach a market value of $20.5 billion by 2019.
Browse through the TOC of global fraud detection, prevention, and investigation market for an in-depth analysis of the industry trends and segments, with help of various tables and figures.
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The Fraud Detection, Prevention, and Investigation (FDPI) market comprises IT solutions, which help organizations in the early detection of frauds and also in the prevention of the same. Since most of the organizations are vulnerable to frauds and revenue losses because of the increased number of fraudulent activities, the requirement for the implementation of these IT offerings in organizations has become inevitable.
In order to attain profitability for company, enterprises have to sustain within strict infrastructure budgets. With the rise in revenue losses because of the fraud incidents, the demand for the fraud detection and prevention solutions is also increasing. These solutions not only decrease the possibilities of fraud occurrences, but also enhance the efficiency and profitability of enterprise processes.
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The major factors driving the global FDPI market are the increased adoption in SMEs and the increasing revenue losses by organization (which again increases the adoption of FDPI solutions and services). Economic development across industries in the Asia-Pacific and Latin American regions is expected to drive enterprises in these regions to invest more on FDPI solutions and services.
Based on different solutions, the FDPI market has been segmented into fraud analytics, authentication, GRC solutions, and reporting and visualization tools. The market has been further segmented on the basis of services into professional services, managed services, and support & maintenance. The geographical analysis of the global fraud detection, prevention, and investigation market has been done on the basis of regions such as North America (NA), Europe (EU), Asia-Pacific (APAC), Middle East & Africa (MEA) and Latin America (LA).
The Latin America Fraud detection and prevention market is expected to grow from $0.37 billion in 2013 to $1.02 billion by 2018, with an expected CAGR of 22.52% for the period 2013-2018. This market contributes 10.29% of the global market and will grow to 13.59% by 2018. This market can be segmented by Geographies, End Users, Companies, Industries, and Solutions.
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