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Fraud has become a very big problem for businesses across the world and can be of various types - fraudulent transactions (both online and offline), inaccurate credit applications, identity thefts, and false insurance claims. Fraud has been on the rise and today it has become a boardroom issue. Fraud detection and prevention solutions refer to the IT solutions that use advanced analytics and authentication mechanism to combat and mitigate the impact of fraud on organizations across various industries such as Financial Services, Insurance, Telecommunications, and Healthcare.
FDP systems analyze data from wide range of data sources for possible inaccuracies. It analyzes patterns, anomalies and trends in the transactions. It identifies the outliers and reports the same in case of doubtful situations and transactions. FDP prevents unauthorized access preventing fraud incidents. It also verifies user identity and maintains data integrity. Recently, with advent of solutions such as cloud services, internet enabled solutions, and increased preference for digital data modes, vulnerability of enterprises towards fraud has increased significantly. To prevent such occurrences companies are switching to fraud detection software, thus, fuelling the demand for FDP.
Top Manufacturers: IBM Corporation, Oracle Corporation, SAS Institute Inc., Fair Isaac Corporation, SAP SE, BAE Systems., ACI Worldwide, NCR Limited, Lavastorm, ThreatMetrix
Market Segment by Regions, regional analysis covers
United States
EU
China
Japan
South Korea
Taiwan
Market Segment by Type, covers
Predictive Analytics
Customer Analytics
Social Media Analytics
Bigdata Analytics
Behavioral Analytics
Single Factor Authentication
Multi-Factor Authentication
Market Segment by Applications, can be divided into
The technological advancements and new FDP solutions will lead to increase in demand. The upcoming new visualization tools and applications along with customer analytics and predictive analytics will further increase the demand for FDP. Growing size of enterprise data and globalization has made it difficult to analyze real time data by legacy systems. This has led the companies to adopt FDP, subsequently pushing up the demand.
Fraud detection & prevention systems are software applications used to provide analytical solutions for against fraud incidents and help to identify or prevent future occurrences
Table of Content:
Global Fraud Detection and Prevention Market Research Report 2017
1 Fraud Detection and Prevention Market Overview
2 Global Fraud Detection and Prevention Market Competition by Manufacturers
3 Global Fraud Detection and Prevention Capacity, Production, Revenue (Value) by Region (2012-2017)
4 Global Fraud Detection and Prevention Supply (Production) , Consumption, Export, Import by Region (2012-2017)
5 Global Fraud Detection and Prevention Production, Revenue (Value) , Price Trend by Type
6 Global Fraud Detection and Prevention Market Analysis by Application
7 Global Fraud Detection and Prevention Manufacturers Profiles/Analysis
7.1 IBM Corporation
7.1.1 Company Basic Information, Manufacturing Base, Sales Area and Its Competitors
7.1.2 Fraud Detection and Prevention Product Category, Application and Specification
7.1.2.1 Product A
7.1.2.2 Product B
7.1.3 IBM Corporation Fraud Detection and Prevention Capacity, Production, Revenue, Price and Gross Margin (2012-2017)
7.1.4 Main Business/Business Overview
7.2 Oracle Corporation
7.2.1 Company Basic Information, Manufacturing Base, Sales Area and Its Competitors
7.2.2 Fraud Detection and Prevention Product Category, Application and Specification
7.2.2.1 Product A
7.2.2.2 Product B
7.2.3 Oracle Corporation Fraud Detection and Prevention Capacity, Production, Revenue, Price and Gross Margin (2012-2017)
7.2.4 Main Business/Business Overview
7.3 SAS Institute Inc.
7.3.1 Company Basic Information, Manufacturing Base, Sales Area and Its Competitors
7.3.2 Fraud Detection and Prevention Product Category, Application and Specification
7.3.2.1 Product A
7.3.2.2 Product B
7.3.3 SAS Institute Inc. Fraud Detection and Prevention Capacity, Production, Revenue, Price and Gross Margin (2012-2017)
7.3.4 Main Business/Business Overview
8 Fraud Detection and Prevention Manufacturing Cost Analysis
9 Industrial Chain, Sourcing Strategy and Downstream Buyers
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