DUBLIN, IRELAND--(Marketwired - March 4, 2014) - Research and Markets (http://www.researchandmarkets.com/research/7xmwtr/fraud_detection) has announced the addition of the " Fraud Detection and Prevention Market by Fraud Analytics & Authentication - Global Advancements, Worldwide Forecasts & Analysis to 2018" report to their offering.
Fraud detection and prevention solutions are the offerings from IT vendors to the enterprises which helps enterprises to detect frauds or prevent occurrences of frauds at early stages. In this report fraud detection and prevention solutions refer to the IT solutions and systems which are used to analyze the data and find anomalies and patterns (to find deterrence from usual course) and the solutions which regulate user access by verification and authentication.
With rising revenue losses because of the frauds across the globe adoption of fraud detection and prevention solutions in enterprises is also increasing. Requirement of such solutions is significantly high in industries which involve monetary transactions such as banking and financial services, insurance, retail, telecommunication, and public or government sector. Increase in adoption can be observed in other industries as well such as manufacturing, transportation, healthcare, professional services among others. In 2013, banking and financial services sector accounts for the largest share in fraud detection and prevention market. In 2018, it is estimated to be the largest revenue generating industry vertical but the insurance, retail, and telecommunication sector would be rising at higher Y-o-Y growth rates.
Rise in online transactions frauds, cards related frauds and insurance claim frauds are the prime factors which are driving growth rates in banking and financial services, insurance, and retail sectors. As per the study, authentication would remain major revenue generating pocket but fraud analytics would be rising at higher growth rate. High growth rate in SMEs will drive the growth rates in region Asia-Pacific followed by Latin America.
Major challenges in this market include low awareness level of fraud possibilities in SMEs, high costs of deployments, and unavailability of pre deployment measures of performance. Though awareness level in SMEs is increasing and the impact of this factor will decrease in due course of time but the cost and pre deployment measures would remain primary concern in the market.
For the market sizing and forecasting, several assumptions have been taken into consideration such as economic, regulatory, and technological. For instance, exchange rates, one of the economic factors, are expected to have a moderate rating of impact on this market. Therefore, dollar fluctuations are expected to not seriously affect the forecasts in the emerging APAC regions.
The report will help the market leaders/new entrants in this market in the following ways:
- This report will provide a comprehensive look in the global fraud detection and prevention market in terms of fraud analytics and authentication solutions market revenues. Market numbers are further split across verticals and regions.
- The report will provide insights to the vendors about positioning of their competitors and their own and will help them to understand opportunities in other industry verticals and regions.
- The report helps them understand the pulse of the market. The report provides information on key market drivers, restraints, challenges, and opportunities.
Scope of Report
- Fraud analytics:
- Predictive analytics
- Customer analytics
- Social media analytics
- Visual analytics and tools
- Single--Factor Authentication (SFA)
- Multifactor Authentication (MFA)
- Strong authentication
- Banking and financial services
- Public sector/government sector
- North America (NA)
- Europe (EU)
- Asia Pacific and Japan (APAC
- Latin America (LA)
Key Topics Covered:
2 Executive Summary
3 Market Overview
4 Fraud Detection And Prevention: Market Size And Forecast By Solutions
5 Fraud Detection And Prevention: Market Size And Forecast By End-Users
6 Fraud Detection And Prevention: Market Size And Forecast By Verticals
7 Fraud Detection And Prevention: Market Size And Forecast By Regions
8 Fraud Detection And Prevention: Market Landscape
9 Company Profiles
Company Profiles (Mnm View, Overview, Products & Services, Financials And Strategy & Analyst Insights) in this report include:
- Aci Worldwide
- Alaric Systems
- Bae Systems Detica
- Bosch Software Innovations Gmbh
- Computer Sciences Corporation
- Easy Solution
- Emc Corporation
- Lavastorm Analytics
Clients of Research and Markets in the area of Computing and Technology include:
- Samsung Electronics Co., Ltd.
- Intel Corporation
- Microsoft Corporation
- IBM Corp.
- McKinsey & Company, Inc.
- and many more...
For more information visit http://www.researchandmarkets.com/research/7xmwtr/fraud_detection
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Sector: Computing and Technology