Fraud Detection & Prevention Market Size To Advance At 18.9% CAGR By 2025, Based On Rising Need For Providing Cyber Security Measures | Million Insights

Fraud Detection & Prevention Market Size To Advance At 18.9% CAGR By 2025, Based On Rising Need For Providing Cyber Security Measures | Million Insights

PR Newswire

FELTON, Calif., Feb. 3, 2021

FELTON, Calif., Feb. 3, 2021 /PRNewswire/ -- The global fraud detection & prevention market size is anticipated to reach USD 56.56 billion until 2025. It is anticipated to register growth with 18.9% CAGR during the forecasted period, 2018 to 2025. This growth can be attributed to the rising need for providing cyber security prevailing among several organizations to gain the trust of customers and securing their data.

The organizational segment of large enterprises dominated the global market with share of 75.0%, in 2018 due to their ability to spend more and availability of cyber-technical expertise for preventing and detecting the fraud. The SMBs (Small and Medium Businesses) have also started adopting these solutions due to stringent governing policies and mounting looses prevailing among them due to such frauds.

In 2018, the BFSI vertical segment dominated the global market on account of rising operations like mutual funds, insurance, and stock broking across the banking sector. On the other hand, the retail and e-commerce segment is anticipated to register the fastest growth in the upcoming years, due to surging usage of electronic payment options.

Please click here to get the sample pdf and find more details on "Fraud Detection & Prevention Market" Report 2025.

North America held the largest share in terms of revenue owing to huge investments being made by several companies to innovate and develop solutions for detecting and preventing fraud and data leakage. Asia Pacific is projected to register the highest CAGR in the forecasted years, 2018 to 2025 due to the surging fraud cases across China and India.

The fraud detection and prevention market include key players such as SAP SE, Total System Services, Inc., Software AG, Fiserv, Inc., IBM, and Oracle. These players are engaged in product development and innovation to gain a competitive advantage over other players. They are also investing hugely in R&Ds to widen their product portfolio.

Further key findings from the report suggest:

Browse 137 page research report with TOC on "Global Fraud Detection and Prevention Market" at: https://www.millioninsights.com/industry-reports/fraud-detection-and-prevention-market

Million Insights has segmented the global fraud detection & prevention market on the basis of component, solutions, services, application, organization, vertical, and region:

Explore the Latest Press Releases by Million Insights:

About Million Insights:

Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place, that will enable you to compare data points, before you make a purchase. Enabling informed buying, is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

Contact:

Ryan Manuel
Research Support Specialist, USA
Million Insights
Phone: 1-408-610-2300
Toll Free: 1-866-831-4085
Email: sales@millioninsights.com 
Web: https://www.millioninsights.com/ 
Follow Us: LinkedIn | Twitter

 

Voltar noticias em Inglês