Fraud Detection and Prevention Market worth $7.5 Billion by 2018

Wednesday 29 January 2014, Amsterdam

The new report defines and segments the Fraud detection and Prevention market into various segments with an in-depth analysis and forecasting of revenues. This research report also identifies the factors driving this market, various restraints, challenges and opportunities impacting it along with the future roadmaps.

This new report broadly segments the Fraud detection and Prevention market by solutions: fraud analytics, authentication; by type of users: small and medium enterprises, and large enterprises; by industry verticals: Banking & Financial Services, insurance, retail, telecommunication, public/government and others verticals; and by regions: North America (NA), Europe (EU), Asia Pacific (APAC), Middle East and Africa (MEA) and Latin America (LA).

In the present scenario, enterprises have to sustain within strict infrastructure budgets, in order to attain profitability for company. With enormous increase in the revenue losses because of the fraud incidents demand for the fraud detection and prevention solutions is also increasing. These solutions not only decrease the possibilities of fraud occurrences but also bring transparency in enterprise processes.

Analysts expect the Fraud Detection and Prevention market to grow from $3.61 Billion in 2013 to $7.55 Billion by 2018. This represents a Compound Annual Growth Rate (CAGR) of 15.9% from 2013 to 2018. This report expects North America to hold the largest market for Fraud Detection and Prevention, in terms of geographical regions and over the next five years, it is expected to continue this pace but Asia Pacific and Latin America would be the regions with highest growth rate.