Global Anti-fraud Solutions Market Overview:
Fraud can occur in a variety of contexts and settings. Fraud can be committed in a variety of industries, including banking, insurance, government, and healthcare. Fraud detection is a set of activities carried out to prevent money or property from being obtained through deception. Fraud detection software is used in many industries, including banking and insurance. Banking fraud includes forging checks and using stolen credit cards. Exaggerating losses or causing harm solely for the purpose of receiving a payout are examples of other types of fraud.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Increase In Use Of AI And ML In Banking Sector To Boost Anti-Fraud Solution
Market Growth Drivers:
Rising Revenue Losses Due to Frauds, Increase in the Frequency and Sophistication of Cyber Frauds and Attacks and Growing Use of Electronic Transactions
Challenges:
High Complexity Associated with Anti-fraud Solutions and Intense Competition Among Players
Restraints:
Unavailability of Skilled Security Professionals to Deal with Fraudulent Activities and Lack of Integration Capabilities
Opportunities:
Rise in the Use of Digital Technologies and Digital Banking for Payments
Competitive Landscape:
The market for Anti-fraud Solutions is highly competitive with several global as well as local players in the market. The global players are trying various strategies such as product innovation and using various marketing strategies to gain a higher market share
Some of the key players profiled in the report are IBM (United States), Capgemini (France), BAE Systems Inc. (United Kingdom), Fiserv Inc. (United Kingdom), ASEE (Poland), PayU (Netherland), SEON Technologies (Hungary), DataWalk (United States), SQN Banking Systems (United States) and FraudScore (Cyprus). Analyst at AMA Research see United States Players to retain maximum share of Global Anti-fraud Solutions market by 2027. Considering Market by Types of Fraud, the sub-segment i.e. Banking Fraud will boost the Anti-fraud Solutions market. Considering Market by End User, the sub-segment i.e. Banks will boost the Anti-fraud Solutions market.
What Can be Explored with the Anti-fraud Solutions Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Anti-fraud Solutions Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Anti-fraud Solutions
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Anti-fraud Solutions market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Anti-fraud Solutions market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.