Press release
Global Fraud Detection and Prevention (FDP) Software Market Global Safeguarding Businesses Against Fraud | Emailage, Simility (PayPal), MathWorks
From 2023 to 2028, the market for fraud detection and prevention (FDP) software is anticipated to expand at a CAGR of 18.19%, reaching a value of USD 182.66 billion. The increase of digital transactions, the skill of fraudsters, and the regulatory requirements for fraud prevention are all contributing factors. A form of software called FDP aids in the detection and prevention of fraud for organisations. This software can assist with jobs including spotting fraudulent transactions, examining consumer behaviour, and keeping track of financial information. FDP software can assist companies in adhering to legal obligations.
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The Key companies profiled in the Fraud Detection and Prevention (FDP) Software Market:
The study examines the Fraud Detection and Prevention (FDP) Software Market's competitive landscape and includes data on Emailage, Simility (PayPal), MathWorks, Riskified, Vigilance, Bolt Financial, Oversight Systems, Signifyd, FraudLabs Pro, MemberCheck, Cofense, NICE Actimize, IPQualityScore, Fraud.net, Kount, Sift Science, SAS Institute, Gemalto, Securonix, GlobalVision Systems & Others.
Global Fraud Detection and Prevention (FDP) Software Market Split by Product Type and Applications
This report segments the Fraud Detection and Prevention (FDP) Software Market on the basis of Types:
Cloud
On-premises
On the basis of Application, the Fraud Detection and Prevention (FDP) Software Market is segmented into:
BFSI
Retail
Telecommunication
Government/Public Sector
Healthcare
Real Estate
Energy and Power
Manufacturing
Others
A number of factors, including the rise in online transactions, the adoption of digital payment systems, and the expansion of regulatory requirements for fraud protection, are propelling the market for FDP software. In addition to fraud analytics, identity verification, transaction monitoring, risk scoring, and case management are just a few of the numerous software options available on the market.
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Due to the existence of big businesses, strict laws, and the high prevalence of fraud in industries like banking, financial services, and retail, North America now accounts for a sizeable portion of the global market for FDP software. With an increasing focus on fraud prevention and adherence to laws like GDPR, Europe is another significant market. A burgeoning digital economy and the need to prevent fraud in emerging nations are driving the rapid growth of the Asia Pacific region.
Key Features Included in the Offering and Highlights of the Fraud Detection and Prevention (FDP) Software Market Reports:
1. Real-time Monitoring: FDP software continuously monitors transactions, activities, and data in real-time, allowing for immediate detection and prevention of fraudulent activities.
2. Machine Learning and AI Capabilities: FDP software leverages advanced technologies such as machine learning and artificial intelligence to analyze vast amounts of data, identify patterns, and detect anomalies or suspicious behavior.
3. Rules-Based Analytics: FDP software incorporates rules-based analytics that enable the creation and customization of fraud detection rules based on specific business requirements and industry regulations.
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Market Segmentation:
Fraud Detection and Prevention (FDP) Software market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
The service and software industries are significantly impacted by the FDP software market. FDP software can assist companies in this sector in defending themselves against thieves attempting to steal the financial or personal information of their clients. Additionally, it can assist companies in adhering to legal obligations like the General Data Protection Regulation (GDPR). Overall, the market for FDP software is expanding and offers several advantages to organisations. Businesses will increasingly turn to FDP software as the industry expands in order to safeguard themselves against fraud and adhere to regulatory standards.
Major Point of Table of Contents:
Chapter 1 Industry Overview
Chapter 2 Global Fraud Detection and Prevention (FDP) Software Competition by Types, Applications, and Top Regions and Countries
Chapter 3 Production Market Analysis
Chapter 4 Global Fraud Detection and Prevention (FDP) Software Sales, Consumption, Export, Import by Regions (2017-2022)
Chapter 5 North America Fraud Detection and Prevention (FDP) Software Market Analysis
Chapter 6 East Asia Fraud Detection and Prevention (FDP) Software Market Analysis
Chapter 7 Europe Fraud Detection and Prevention (FDP) Software Market Analysis
Chapter 8 South Asia Fraud Detection and Prevention (FDP) Software Market Analysis
Chapter 9 Southeast Asia Fraud Detection and Prevention (FDP) Software Market Analysis
Chapter 10 Middle East Fraud Detection and Prevention (FDP) Software Market Analysis
Chapter 11 Africa Fraud Detection and Prevention (FDP) Software Market Analysis
Chapter 12 Oceania Fraud Detection and Prevention (FDP) Software Market Analysis
Chapter 13 South America Fraud Detection and Prevention (FDP) Software Market Analysis
Chapter 14 Company Profiles and Key Figures in Fraud Detection and Prevention (FDP) Software Business
Chapter 15 Global Fraud Detection and Prevention (FDP) Software Market Forecast (2023-2028)
Chapter 16 Conclusions
Research Methodology...
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