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New York, NY, July 14, 2019 (GLOBE NEWSWIRE) – Zion Market Research has released a new report entitled "Deployment fraud detection and prevention market (on-premise and in cloud), by component (solutions and services), by end-user (small and medium-sized enterprises (SMEs) and large enterprises), and by business sector." Activity (retail, BFSI, IT, telecommunications, healthcare, government sector, energy, manufacturing industries, etc.): global perspective of the sector, comprehensive badysis and forecasts, 2018-2025 & # 39; & # 39; 39;.
According to the report, the global crisis fraud detection and prevention market has been valued at 19.2 billion USD in 2018 and is expected to reach 93.4 billion USD in 2025, with a CAGR of 25.4% between 2019 and 2025.
The rise in online shopping has led retailers to opt for cashless payment options. In 2017, global e-commerce retail sales were valued at $ 2,304 billion compared to $ 1,845 billion in 2016. This number is expected to increase in the future given the trend of mobile online shopping and the adoption of artificial intelligence (AI). by many retailers in their businesses. For example, Amazon plans to use AI for its new "Amazon Go" grocery stores.
Browse 91 tables and 32 numbers across 146 pages and a detailed table of contents on "Global Fraud Detection and Prevention, Market Size, Share, Industry Trends, Analyzes and Forecasts, 2018- 2025 ".
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Governments in several countries encourage the use of technology to streamline their processes. Frauds on immigration, taxes and investment, social security, etc. Many players, such as SAS Institute Inc., offer fraud detection solutions specifically designed for government agencies. This should be the main driver of growth in the global market for fraud detection and prevention over the estimated period. However, the integration of solutions with existing systems is a major obstacle to the development of the global market for fraud detection and prevention. Conversely, the growing adoption of the Internet of Things (IoT) in the manufacturing sector should open up new growth opportunities for the fraud detection and prevention market. on a global scale.
The global market for fraud detection and prevention is segmented by deployment, components, end-user and industry. By deployment, the global market for fraud detection and prevention is segmented into local and cloud. Solutions and Services are the global component segment of the fraud detection and prevention market. Small and medium-sized enterprises (SMEs) and large enterprises constitute the end-user segment of this market. The industrial vertical of this market includes retail, BFSI, information technology and telecommunications, health, government, energy, manufacturing, etc. The information and telecommunications technology sector is expected to hold a significant share of the fraud detection and prevention market, due to the expansion of the business activities of various industry organizations. The BFSI sector is expected to grow significantly in terms of technology demand, thanks to the adoption of cashless payments and the digitization of data.
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By region, North America is expected to hold a significant market share over the forecast period. The United States is considered the largest contributor in this region, due to the increasing use of online platforms by many retailers to optimize sales. In 2018, online retail sales in the United States totaled $ 504.6 billion, compared to $ 446.8 billion in 2017. With online sales growing rapidly, retailers are primarily seeking to develop help detect and prevent fraud and reduce losses. In addition, the presence of major players such as Oracle Corporation, IBM Corporation and SAS Institute Inc. in this region is likely to further stimulate this regional market over the forecast period.
The Asia-Pacific region is expected to experience substantial growth in the global fraud detection and prevention market, thanks to significant contributions from China and India and the burgeoning IT industry in India. India's IT sector posted profits of $ 167 billion in the 2017-2018 fiscal period. In 2018, IT spending in India rose to about 87 billion USD, an increase of about 9%. The Indian government is also taking initiatives to increase investment in this sector. From 2000 to 2018, the software and hardware industry in India attracted $ 32 billion in foreign direct investment, leading to an increase in internal fraud. Data theft, purchase fraud and payroll fraud have increased, resulting in increased demand for solutions to reduce losses. This, in turn, is likely to fuel the region's fraud detection and prevention market over the estimated period.
Browse the full "Deployment fraud detection and prevention market (on-premise and in cloud), by component (solutions and services), by end-user (small and medium-sized enterprises (SMEs) and large enterprises), and by business sector." Activity (retail, BFSI, IT, telecommunications, health care, government sector, energy and electricity, manufacturing industries, etc.): global perspective of the sector, comprehensive badysis and forecasts, 2018-2025 » Report to https://www.zionmarketresearch.com/report/fraud-detection-prevention-market
The manufacturing sector in Europe is one of the most lucrative sectors for the fraud detection and prevention market. The United Kingdom and Germany are the main countries behind the demand for solutions in this region. Germany is the center of car manufacturers with the presence of key players such as Mercedes, Volkswagen and BMW. In 2018, BMW opened an investigation into 11,400 suspects of fraud. In 2015, the company fell victim to a fraud case, in which it defrauded the company for $ 7.7 million. Faced with the increase in these incidents, manufacturers are opting for fraud prevention solutions. This, in turn, should feed the European market over the forecast period.
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The leading players in the global fraud detection and prevention market are SAP SE, Oracle Corporation, BAE Systems PLC, SAS Institute Inc., ACI Worldwide Inc., IBM Corporation, Fiserv, Inc., Fair Isaac Corporation, Dell Technologies Inc. and Software AG, among others.
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This report segments the global market for fraud detection and prevention by:
Global Market for Fraud Detection and Prevention: Deployment Analysis
Global market for fraud detection and prevention: component badysis
Global Market for Fraud Detection and Prevention: End User Analysis
- Small and medium-sized enterprises (SMEs)
- Large companies
Global market for fraud detection and prevention: vertical badysis of the industry
- Retail
- BFSI
- IT and telecom
- Health care
- Government Sector
- Energy and power
- Manufacturing
- Other
Global market for fraud detection and prevention: regional badysis
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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