North America Fraud Detection & Prevention Market Analysis (2017-2023)

LONDON, Sept. 28, 2017 /PRNewswire/ -- The North America Fraud Detection & Prevention Market would witness market growth of 18.1% CAGR during the forecast period (2017 – 2023).

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Fraud detection and prevention systems are software applications used in providing analytical solutions to detect and prevent fraud in uncertain conditions. Adoption of big data analytics across various industries such as BFSI, retail, manufacturing, healthcare, real estate and others would drive the adoption of fraud detection and prevention solutions, globally. In addition, rapidly growing demand for cloud computing solutions and growth in the adoption of mobile devices for payment are anticipated to drive the growth of fraud detection and prevention solutions. These solutions enable easy access to personally identifiable information such as email address, home address, banking and stored payment information.

Based on Components, the market report segments the market into Services and Solutions. Solutions market includes Authentication and Fraud Analytics. Authetication market is further segmented into Single Factor Authentication and Multi Factor Authentication. Fraud Analytics is further segmented into Predictive Analytics, Customer Analytics, Social Media Analytics, Big Data Analytics, and Behavioural Analytics.

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