Global Fraud Detection and Prevention Solution Market Research Report 2022 - Market Size, Current Insights and Development Trends

For detection and prevention of fraudulent activities on the large scale, massive use of (online) data analysis is required, in particular predictive analytics or forensic analytics. Forensic analytics is the use of electronic data to reconstruct or detect financial fraud. The steps in the process are data collection, data preparation, data analysis, and the preparation of a report and possibly a presentation of the results. Using computer-based analytic methods Nigrini's wider goal is the detection of fraud, errors, anomalies, inefficiencies, and biases which refer to people gravitating to certain dollar amounts to get past internal control thresholds.
The Fraud Detection and Prevention Solution market has witnessed a growth from USD XX million to USD XX million from 2017 to 2022. With a CAGR of X.X%, this market is estimated to reach USD XX million in 2029.

The report focuses on the Fraud Detection and Prevention Solution market size, segment size (mainly covering product type, application, and geography), competitor landscape, recent status, and development trends. Furthermore, the report provides strategies for companies to overcome threats posed by COVID-19.

Technological innovation and advancement will further optimize the performance of the product, enabling it to acquire a wider range of applications in the downstream market. Moreover, customer preference analysis, market dynamics (drivers, restraints, opportunities), new product release, impact of COVID-19, regional conflicts and carbon neutrality provide crucial information for us to take a deep dive into the Fraud Detection and Prevention Solution market.

Major Players in the Fraud Detection and Prevention Solution market are:
IBM Corporation
Oracle Corporation
NCR Limited
SAP SE
SAS Institute Inc.
ACI Worldwide
Fair Isaac Corporation
BAE Systems

On the basis of types, the Fraud Detection and Prevention Solution market is primarily split into:
Cloud
On-Premises

On the basis of applications, the market covers:
Small & Medium Enterprises (SMEs)
Large Enterprises

Major Region

s or countries covered in this report:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others

Years considered for this report:

Historical Years:

2017-2021

Base Year:

2021

Estimated Year:

2022

Forecast Period:

2022-2029

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