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The global fraud detection and prevention (FDP) market size is expected to grow from USD 19.5 billion in 2018 to USD 63.5 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 26.6%LONDON, Dec. 5, 2018 /PRNewswire/ -- Increasing revenue losses of organizations due to frauds to drive the overall fraud detection and prevention market North America to account for the largest market share, whereas Asia Pacific to grow at the highest CAGR North America is estimated to hold the largest market size and dominate the global FDP market in 2018.The major growth drivers for the FDP market in the region include increasing adoption of digital technologies, and rising penetration of smartphones, and increasing sophistiction level of attacks across verticals. A large presence of vendors offering FDP solutions and services will further contribute to the market growth in North America.Asia Pacific (APAC) offers growth opportunities for major vendors offering FDP solutions and services, as APAC organizations are adopting FDP solutions due to the presence of large number of organizations and increasing fraudulent attacks on the enterprise data. A growing use of electronic transactions due to a broad customer base in the region is further adding the complexities of handling frauds and it will drive the APAC FDP market. In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from key organizations operating in the FDP marketplace. The following is the breakup of primary respondents' profiles: • By Company: Tier 1 – 35%, Tier 2 – 45%, and Tier 3 – 20% • By Designation: C-level – 35%, Director level – 25%, and Others – 40% • By Region: North America – 45%, Europe – 20%, APAC – 30%, RoW – 5% Major technology vendors in the global FDP market include IBM (US), FICO (US), SAS Institute (US), BAE Systems (UK), DXC Technology (US), SAP (Germany), ACI Worldwide (US), Fiserv (US), NICE Systems (Israel), Experian (US), LexisNexis Risk solutions (US), iovation (US), Friss (Netherlands), Dell technologies (US), First Data (US), Wirecard (Germany), Software AG (Germany), Easy Solutions (US), Distil Networks (US), Guardian Analytics (US), Securonix (US), MaxMind (US), Kount(US), and Simility (US). Research Coverage The market study covers the FDP market across segments.It aims at estimating the market size and the growth potential of the market across segments: component, solutions, services, application area, organization size, deployment mode, vertical, and region. The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies. Key Benefits of Buying the Report The report will help the market leaders/new entrants in the FDP market with information on the closest approximations of the revenue numbers for the overall FDP market and the subsegments.It will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities. Download the full report: https://www.reportbuyer.com/product/5100653 About Reportbuyer Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers For more information: Sarah Smith Research Advisor at Reportbuyer.com Email: [email protected] Tel: +1 (718) 213 4904 Website: www.reportbuyer.com SOURCE ReportBuyer |