The Report “Global Fraud Detection & Prevention and Anti Money Laundering Market by Fraud Detection & Prevention Type, by End-User, by Vertical, by Geography (North America, Europe, Asia-Pacific, Middle East & Africa, Latin America) – Trends & Forecasts to 2019” is expected to reach a value of $20.5 Billion by 2019, estimated to grow at a CAGR of 18.2% from 2014 to 2019
Browse through the TOC of Global Fraud Detection & Prevention and Anti Money Laundering Market for an analysis of industry trends and segments, with the help of various tables and figures.
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The Fraud Detection, Prevention, and Investigation (FDPI) market comprises IT solutions, which help organizations in the early detection of frauds and also in the prevention of the same. Since most of the organizations are vulnerable to frauds and revenue losses because of the increased number of fraudulent activities, the requirement for the implementation of these IT offerings in organizations has become inevitable.
In order to attain profitability for company, enterprises have to sustain within strict infrastructure budgets. With the rise in revenue losses because of the fraud incidents, the demand for the fraud detection and prevention solutions is also increasing. These solutions not only decrease the possibilities of fraud occurrences, but also enhance the efficiency and profitability of enterprise processes.
The major factors driving the global FDPI market are the increased adoption in SMEs and the increasing revenue losses by organization (which again increases the adoption of FDPI solutions and services). Economic development across industries in the Asia-Pacific and Latin American regions is expected to drive enterprises in these regions to invest more on FDPI solutions and services.
Based on different solutions, the FDPI market has been segmented into fraud analytics, authentication, GRC solutions, and reporting and visualization tools. The market has been further segmented on the basis of services into professional services, managed services, and support & maintenance. The geographical analysis of the global fraud detection, prevention, and investigation market has been done on the basis of regions such as North America (NA), Europe (EU), Asia-Pacific (APAC), Middle East & Africa (MEA) and Latin America (LA).
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