Fraud Detection and Prevention Technology Market Size, Industry Share and Growth Rate 2019-2025


The global fraud detection and prevention (FDaP) market is likely to grow considerably in the coming years due to the incorporation of technologies such as artificial intelligence and data mining. According to a report published by Fortune Business Insights, titled “ Fraud Detection And Prevention Market, Size, Share And Global Trend By Component (Solutions, Services), Deployment (Cloud, On-Premise), Organization Size (SMEs, Large Enterprises), Vertical (BFSI, IT And Telecommunication, Retail And Consumer Packed Goods, Government, Real Estate, Energy And Utilities, Travel And Transportation, Manufacturing, Healthcare And Life Sciences, Media And Entertainment, Others) And Geography Forecast Till 2026,” the market was valued at US$19,269.8 Mn 2018. Fortune Business Insights has predicted that the market will reach US$ 1,10,041.3 Mn by the end of 2026, thereby exhibiting a CAGR of 25.48%.

Browse Complete Report at https://www.fortunebusinessinsights.com/industry-reports/fraud-detection-and-prevention-technology-market-100231

Increasing e-commerce activities have led to a subsequent rise in online financial transactions. Mobile and internet banking facilities are gaining rapid popularity and an increasing adoption of these services will create the need for efficient security networks. The need to enhance payment gateways and ensure secure transactions has led to several innovations. The number of vendors providing secure transactional services has also risen in recent years. Altogether, the aforementioned factors will lead to a rising uptake of fraud detection and prevention software, which in turn will aid the growth of the global market in the forthcoming years.

Advances in FDaP Software Will Bolster Growth

The demand for fraud detection systems have influenced existing companies to better their products operate in compatibility with the latest payment gateways. In order to meet this demand, companies have been persistently investing in updating their products. The demand for SDaP software also has led to several product launches in recent years. In April 2019, BAE systems launched an enhanced NetReveal platform with an aim of tackling cyber frauds and crimes.

Top Players List:


·         HCL Technologies
·         IBM
·         Oracle
·         NCR Corporation
·         SAP Logistics Leadership
·         BAE Systems
·         ACI Worldwide
·         Lavastorm, an Infogix Company.
·         ThreatMetrix

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