DUBLIN--(BUSINESS WIRE)--Aug 20, 2018--The "Global Fraud Detection and Prevention Market - Segmented by Solution (Fraud Analytics, Authentication, Governance, Risk, and Compliance (GRC), Reporting, and Visualization), Scale of End User, End User, and Region - Growth, Trends and Forecast (2018-2023)" report has been added to ResearchAndMarkets.com's offering.

The global fraud detection and prevention market was valued at USD 11.67 billion in 2017, and is expected to reach USD 29.07 billion by 2023, registering a CAGR of 16.42% during the forecast period of 2018-2023.

The need for fraud detection and prevention solutions has been increasing, with the rising revenue losses due to the rise in number of frauds across the globe.

Such solutions are required mostly in industries that have more monetary transactions, such as BFSI, telecommunications, government, and retail sectors.

The adoption rate of fraud and prevention solutions has also been increasing in other industries, such as professional services, manufacturing, healthcare, and transportation.

Key Highlights

Rising Number of Online Transaction Expected to Be the Major Driver for the Market Multi-Factor Authentication is One of the Important Methods to Prevent Fraud False Payment Requests Accounts for Over 26% of Internal Fraudulent Activities Around 64% of Revenue in BFSI is Lost Through Deliberate and Planned Falsification of Policies and Claims

Notable Developments in the Market

Dell EMC announced the launch of its new machine learning and deep learning solutions. IBM's Trusteer division launched a new account fraud detection capability that aims to detect fraud at the earliest stage. Easy Solutions offered new early phishing detection capability.

Key Topics Covered

1. Introduction

2. Research Approach and Methodology

3. Executive Summary

4. Market Dynamics

5. Global Fraud Detection and Prevention Market Segmentation

6. Competitive Intelligence - Company Profiles

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. Feedzai Inc.

7. Investment Analysis

8. Future of the Fraud Detection and Prevention Market

For more information about this report visit https://www.researchandmarkets.com/research/23bchl/global_fraud?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180820005439/en/

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SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 08/20/2018 11:58 AM/DISC: 08/20/2018 11:58 AM

http://www.businesswire.com/news/home/20180820005439/en