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Pune, India -- (SBWIRE) -- 02/04/2019 -- Fraud Detection and Prevention market report delivers an overview of the market trends, drivers, and barriers with respect to the competitive landscape. It also provides a detailed overview of the market of different regions globally. Furthermore, Fraud Detection and Prevention market report contains a primary overview of the Fraud Detection and Prevention market covering different product definitions, classifications, and participants in the industry chain structure.
Fraud Detection and Prevention market report gives historical data on the market with respect to regions, leading countries, market share, size, drivers and challenges. And it helps to identify a growth segment for investment and develop strategies that will be beneficial for future development. (Sample Copy)
Fraud Detection and Prevention market production is estimated to growing at a CAGR of 16.42% between 2018 and 2023.
Market Size Analysis by Size:
Historical Year: 2013-2017 || Base Year: 2017 || Estimated Year: 2018 || Forecast Year: 2023
Regional Analysis: Geographically, Fraud Detection and Prevention market report covers the regions based on regional consumption volume, consumption volume, revenue and growth rate 2018-2023.
US, Canada, UK, Russia, Norway, China, India, Japan, Brazil, Venezuela, Mexico, Saudi Arabia, Iran, UAE.
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Competitor Landscape: Fraud Detection and Prevention market report contains top companies on the basis of types, applications, size, share and regions.
Sap Se, IBM Corporation, SAS Institute Inc., ACI Worldwide Inc., Fiserv Inc., Experian Plc, DXC Technology Company, Bae Systems Plc, RSA Security LLC (Dell Technologies Inc.), Oracle Corporation, Nice Ltd., Equifax Inc., Lexisnexis Group, Fair Isaac Corporation, Cybersource Corporation, Global Payments Inc., And Feedzai Inc., amongst others.
Key Developments in the Market:
- December 2017: Dell EMC announced the launch of its new machine learning and deep learning solutions. These new solutions are expected to enable organizations take advantage of the convergence of HPC and data analytics and realize advancements in areas, including fraud detection, image processing, and financial investment analysis.
- November 2017: IBM's Trusteer division launched a new account fraud detection capability that aims to detect fraud at the earliest stage. New account fraud is expected to be quite prevalent and has been expanding to new verticals, as more services are offered to customers online. As banks move to more secure payment cards and new payment channels, cyber-criminals have been transitioning to online channels, to attempt to use the same data for opening bank accounts and applying for credit, loans, insurance, and other types of accounts. This new security tool of IBM is expected to detect frauds at the earliest stage.
- November 2017: Easy Solutions offered new early phishing detection capability. Early phishing detection leverages the company's propriety machine learning-based, URL classification technology that is expected to increase the number and speed at which phishing attacks are detected. As the malicious nature of a URL is confirmed, mitigation is expected to start immediately, protecting 100% of the end-user population in a reduced timeframe.
Fraud Detection and Prevention Market Dynamics:
Drivers:
- Increasing Volume of Online Transactions
- Emergence of E-Banking and E-Commerce
- Adoption of IP-based Services
- Emergence of Big Data Platforms
Challenges:
- Lack of Integration Capability with All Verticals
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Reason to buy Fraud Detection and Prevention Market Report:
- Fraud Detection and Prevention market report provides pin-point analysis for changing competitive dynamics.
- Fraud Detection and Prevention market report delivers a forward looking perspective on different factors driving or restrictive market growth
- Capability to analyze development of future products, pricing strategies and launch plans of Fraud Detection and Prevention market.
- Further insight into the prevalence of the subdivided types of Fraud Detection and Prevention and identification of segments with high potential.
- Delivery of more accurate information related to various countries.
- Estimate the key vendors in the Fraud Detection and Prevention market in terms of products satisfaction and business strategy.
Key Questions Answered in Fraud Detection and Prevention Market Report:
- What are the market dynamics?
- What are the key market trends?
- What are the category growth drivers?
- What are the limitations on category growth?
- Who are the suppliers in this market?
- What are the demand-supply shifts?
- What are the major category requirements?
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