Fraud Detection and Prevention Market Industry Analysis, Regional Outlook, Competitive Market, Forecast To 2031

New York, 2022-Aug-19 — /EPR Network/ — According to a new market research report published by Global Insight Services “Fraud Detection and Prevention Market is expected to reach US$ XX bn by 2031”. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

Fraud detection and prevention technology is a type of software that is designed to detect and prevent fraudulent activities. This type of software is typically used by organizations to protect themselves from fraudulent activities such as identity theft, credit card fraud, and other types of financial crimes. Fraud detection and prevention technology can be used to detect fraudulent activities by analyzing data patterns and identifying anomalies.

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Key Players

• ACI Worldwide Inc.
• BAE Systems Inc.
• Fair Isaac Corporation
• IBM Corporation
• Lavastrom Analytics

Key Trends and Drivers

Fraud detection and prevention market is witnessing growth at a rapid pace owing to the rise in fraudulent activities and the need for data security. The increasing number of cyber–attacks and data breaches have resulted in organizations adopting fraud detection and prevention solutions to secure their data. The fraud detection and prevention market is driven by the need for data security, compliance requirements, and the increasing number of cyber–attacks.

Some of the key trends in the fraud detection and prevention market include:

• The use of artificial intelligence (AI) and machine learning: AI and machine learning can be used to identify patterns of fraud and to automatically flag suspicious activity.
• The use of biometrics: Biometrics such as fingerprints, iris scans, or facial recognition can be used to verify the identity of individuals and to prevent identity theft.
• The use of blockchain: Blockchain technology can be used to create a secure, tamper-proof record of transactions. This can help to prevent fraud by ensuring that all transactions are recorded and verified.
• The use of cloud-based solutions: Cloud-based solutions can provide real-time data and allow for the rapid sharing of information between organizations.

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Market Segments

By Solution

• Fraud Analytics
• Authentication

By Services

• Professional Services
• Managed Services

By Organization Size

• Small & Medium Enterprises (SMEs)
• Large Enterprises

By Deployment

• Cloud
• On-Premises

By Industry Vertical

• BFSI
• Retail
• Healthcare
• Real Estate
• Manufacturing
• Others

Reasons to buy Fraud Detection and Prevention Market Report:

• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market 

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With Global Insight Services, you receive:

• 10-year forecast to help you make strategic decisions
• In-depth segmentation which can be customized as per your requirements
• Free consultation with lead analyst of the report
• Excel data pack included with all report purchases
• Robust and transparent research methodology

 About Global Insight Services:

Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

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