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The Global Fraud Detection and Prevention Market was valued at USD 14.65 billion in 2016 and is projected to reach USD 78.18 billion by 2025, growing at a CAGR of 20.45% from 2017 to 2025.Any illegal act involving the obtaining of something of value through willful misrepresentation is called fraud. Fraud Prevention and Detection is the prevention and detection and adequate response to fraudulent activitiesand prevents unauthorized access. A fraud prevention and detection system helps in real-time user-level decision making, device fingerprinting, and comprehensive scoring models that directly correlate to data quality that benefits the clients to expand revenues, recapture lost opportunity costs, minimize charge backs, and centralize fraud intelligence system.Sample Infographics:Market Dynamics:1. Market Drivers1.1 Incorporation of AI and machine learning for fraud detection1.2 Increasing economies1.3 Growing rate of online transaction over mobile and web applications1.4 Rising fraudulent activities1.5 Growing revenue loss for organizations2. Market Restraints2.1 Lack of awareness about possible fraudulent in various industries2.2 Poor integration capabilities2.3 Costly deployment2.4 Prior detection of fraudulent activitiesMarket Segmentation:The Global Fraud Detection and Prevention Market is segmented on the application, component, organization size, deployment model, vertical, and region.1. By Application:1.1 Mobile payment1.2 Insurance claims1.3 Electronic payment1.4 Money laundering1.5 Others2. By Component:2.1 Solution2.1.1 Authentication2.1.1.1 SFA2.1.1.2 MFA2.1.2 Fraud analytics2.1.2.1 Social media analytics2.1.2.2 Customer analytics2.1.2.3 Predictive analytics2.1.2.4 Behavioral analytics2.1.2.5 Big data analytics2.1.3 GRC solutions2.2 Service2.2.1 Managed services2.2.2 Professional services2.2.2.1 Support and maintenance2.2.2.2 Training and education2.2.2.3 Consulting3. By Organization Size:3.1 Large Enterprises3.2 Small and Medium Business4. By Deployment Model:4.1 Cloud-based4.2 On-premise5. By Vertical:5.1 Government and Defense5.2 IT and Telecommunications5.3 Banking, Financial Services, and Insurance (BFSI)5.4 Real Estate5.5 Healthcare5.6 Others6. By Region:6.1 North America (U.S., Canada, Mexico)6.2 Europe (Germany, UK, France, Rest of Europe)6.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)6.4 Latin America (Brazil, Argentina, Rest of Latin America)6.5 Middle East & AfricaCompetitive Landscape:The major players in the market are as follows:1. Experian Information Solutions, Inc.2. Lexisnexis3. Fair Isaac Corporation4. IBM Corporation5. Oracle Corporation6. ACI Worldwide, Inc7. SAS Institute8. Fiserv, Inc.9. BAE Systems10. Nice Systems Ltd.11. DXC Technology (CSC)12. Threatmetrix, Inc.13. SAP SEThese major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:Research study on the Global Fraud Detection and Prevention Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.To know more about the research methodology of verified market research and other aspects of the research study, kindly get in touch with our sales team.