Fraud Detection and Prevention Market Key Players (Visa Inc, SAS Institute Inc, Lavastorm Analytics and Easy Solutions Inc, Cvidya, Computer Science Corporation), Industry Analysis by 2022

Global Fraud Detection and Prevention Market is expected to grow at a significant CAGR in the upcoming years as the scope, product types and its applications are increasing across the globe. Any illegal act that comprises finding something worth through willful misrepresentation is termed as “fraud”. Fraud detection and prevention system (FDP) is the application software used to deliver logical solutions for the prevention and detection of fraud. It examines patterns and tendencies in the dealings. FDP prevents illegal frauds. It also provides user uniqueness and preserves data integrity. Moreover, with the arrival of cloud services; Internet-enabled solutions, and augmented partiality for digital data modes, the susceptibility to fraud has increased significantly.

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Fraud Detection and Prevention Market is categorized based on application into Money laundering, Insurance claims, Electronic payment, others. Fraud Detection and Prevention Industry is categorized based on Verticals as Real estate, Energy and power, Healthcare, Manufacturing, Telecommunication, Government/public sector, Travel and transportation Media and entertainment and others. This market is categorized based on End User Small and Medium Enterprises and Large Enterprises.

Fraud Detection and Prevention Market is categorized based on Solution, Service, applications, End Users, and geography. The industry is categorized based on Solution such as Fraud Analytics: Predictive analytics, Customer analytics, big data analytics, Behavioral analytics Authentication: Single-factor authentication, and Multifactor authentication. Fraud Detection and Prevention Industry is categorized based on Service into Managed service, Professional service, Consulting services, Training and education, Support and maintenance.

Fraud Detection and Prevention Market is categorized based on geography into Asia Pacific (China, India, ASEAN, Australia & New Zealand), Japan, Middle East and Africa (GCC countries, S. Africa, Rest Of MEA), North America (U.S., Canada), Latin America (Brazil, Rest of Latin America), Western Europe (Germany, Italy, France, England, Spain, Rest of Western Europe), and Eastern Europe (Poland, Russia, Rest of Eastern Europe).

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Some of the key players that fuel the growth of the Fraud Detection and Prevention Market include Visa Inc, SAS Institute Inc, Lavastorm Analytics and Easy Solutions Inc, Cvidya, Computer Science Corporation, Threat Metrix, ACI Worldwide Inc, Fiserv, Inc, Bosch Software Innovations Gmbh Alaric systems Ltd, FIS, Oracle, MasterCard. The key players are focusing on inorganic growth to sustain themselves amidst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.