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Fraud Detection and Prevention Market 2017 by Solution, Service, Application Area, Organization Size, Vertical, and Region - Global Forecast to 2022DUBLIN, October 2, 2017 /PRNewswire/ -- The "Fraud Detection and Prevention Market by Solution, Service, Application Area, Organization Size, Vertical, and Region - Global Forecast to 2022" report has been added to Research and Markets' offering.  The Fraud Detection and Prevention (FDP) market is expected to grow from USD 16.62 Billion in 2017 to USD 41.59 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 20.1%. The increasing fraudulent activities in various industries and the increase in revenue and reputation loss for organizations are said to be the main drivers of the fraud detection and prevention market. The FDP market is segmented by solution, service, application area, deployment mode, organization size, vertical, and region. The FDP market by solution includes fraud analytics (predictive analytics, customer analytics, social media analytics, big data analytics, and behavioral analytics), authentication (Single-Factor Authentication (SFA) and Multi-Factor Authentication (MFA)), Governance, Risk, and Compliance (GRC) solution, and others (account management and fraud investigation). The authentication solution segment in the FDP market is expected to have the largest market size during the forecast period. The market for the services segment is expected to be growing, as the individuals, Small and Medium-sized Enterprises (SMEs), and large enterprises are concerned about the secured access to their payment services. The professional services segment is expected to have the largest market share and dominate the FDP market during the forecast period. The SMEs sgment is expected to grow at the highest CAGR during the forecast period, owing to the increasing incidences of data breaches on these enterprises, as well as, for the need to deploy advanced FDP solutions. SMEs are small in terms of their size, but cater to a large number of customers globally. Robust and comprehensive security solutions are not implemented in SMEs, due to financial constraints in these organizations. However, the large enterprises segment accounts for the largest share of the fraud detection and prevention market in 2017. FDP solutions have been deployed across various verticals, including the government and public utilities, retail, Banking, Financial Services, and Insurance (BFSI), telecommunications, healthcare, real estate, and others (travel and transportation, media and entertainment, and life sciences). The government and public utilities vertical is expected to witness the highest CAGR during the forecast period. However, BFSI is estimated to have largest market size in 2017. Market Dynamics Drivers
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Key Topics Covered: 1 Introduction
For more information about this report visit https://www.researchandmarkets.com/research/m7hcj4/fraud_detection About Research and Markets Media Contact: Laura Wood, Senior Manager
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