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The global fraud detection and prevention market was valued at USD 36 billion in 2023 and grew at a CAGR of 19.5% from 2024 to 2033. The market is expected to reach USD 213.8 billion by 2033. The increasing automation and digitization globally will drive the growth of the global fraud detection and prevention market. The growing online market and digital payments will also lead to the growth of the Fraud Detection and Prevention market. This will happen because digital payments encourage fraudsters to commit crimes. With the help of Fraud Detection and Prevention techniques, these transactions can be analyzed immediately and fraudulent activities can be stopped.
Fraud can take many different forms. Identity theft, embezzlement, money laundering, tax evasion, counterfeiting, mortgage fraud, and credit card fraud are some common examples of fraud. Fraud, in a broader sense, can be defined as wilfully deceiving the victim, misrepresenting facts, and lying for financial or other gains. Fraud can lead to money, property, legal rights and identity loss. Additionally, omitting real facts without intending to keep promises or tricking the victim with fabricated documents and acts is also legal fraud. The increasing automation and digitization of the global economy have increased the instances of fraud, giving easy access to victims through the Internet. Fraud detection and prevention is identifying these threats through data analysis, artificial intelligence and machine learning to prevent fraudulent activities and protect users. The advent of novel technologies has enabled market players and stakeholders to analyze large volumes of data in real-time to detect patterns and trends associated with fraud and prevent the loss of sensitive information, property, money and rights of users. Ongoing risk evaluations, Fraud reporting systems, Data mining and analysis and Manual checks and balances are some of the systems used in fraud detection and prevention. Fraud detection and prevention find applications across sectors from banking and insurance to military and aerospace. Fraud Detection and Prevention can help maintain customer trust, and respectable organizations can also protect their brand reputation from damage. With their help, companies can save themselves from huge losses.
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The increasing automation and digitization of economies – The advent of industrial revolution 4.0 is associated with the increasing automation and digitization of economies. For instance, the growing use of Internet banking, UPI and digital payments, and mobile application-based banking services to improve the consumer experience in the BFSI sector is a significant example of growing automation. Additionally, the booming e-commerce industry is also driving digitization globally. With the increasing online traffic, the incidence of cyber frauds like identity theft, phishing, counterfeiting, credit and debit card fraud, and other scams has also increased. Automation and digitization are happening faster, and the digital space constantly evolves. There is an acute absence of a regulatory or policy framework offering a security net to the individual users who are often the victims of fraud. Therefore, industrial units or businesses employ fraud detection and prevention services and solutions to protect their businesses and consumers from cyber fraud. Increasing automation and digitization will drive the growth of global fraud detection and prevention.
The lack of professionals – The constantly evolving space of digital frauds makes its risks, threats and vulnerabilities dynamic. The market players offering fraud detection and prevention services and solutions must proactively identify these changing threats and build necessary countermeasures. However, there is a lack of qualified, skilled and trained professionals in the market. The shortage of analysts can be attributed to the lack of awareness about these job profiles, learning courses, infrastructure, and logistics. Furthermore, the emergence of new threats or frauds cannot be predicted with technologies that depend on large volumes of historical data to identify and detect fraud patterns and trends to prevent them. It is a high-end job which requires multi-disciplinary knowledge, thereby explaining the dearth of professionals. The lack of professionals will hamper the market's growth.
Technological innovations in AI and ML – Artificial intelligence and machine learning form the fundamental building blocks of fraud detection and prevention solutions. They enable economic units to analyze large volumes of data in real-time to offer valuable insights that protect their businesses and consumers. They offer accuracy, speed, reliability, and real-time monitoring to detect and prevent fraud. They assist global economies in safeguarding their citizens and protecting national security interests. Artificial intelligence and machine learning advancements will improve fraud detection and prevention solutions, enabling them to stay one step ahead of fraudsters and new threats, thereby offering lucrative opportunities in the global market.
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. North America emerged as the most significant global fraud detection and prevention market, with a 41% market revenue share in 2023.
The presence of significant market players offering multiple solutions and services to the vast digital economy of the region. The consumer market for these solutions and services is also extensive, given the presence of significant banking, finance, and insurance firms, along with defence manufacturers, retail and the e-commerce sectors. The increasing cyber-attacks in the region have encouraged market regulators to improve fraud detection and prevention solutions and services to protect and safeguard citizens and national interests.
North America Region Fraud Detection and Prevention Market Share in 2023 - 41%
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The product type segment is divided into solutions and services. The solutions segment dominated the market, with a share of around 53% in 2023. The solutions include fraud analytics, governance, risk and compliance, and authentication. Fraud analytics offers solutions like predictive analytics, customer and social media analytics, behavioural analytics, and big data analytics. The presence of a significant number of market players offering these solutions across industries contributes to their rising dominance in the market. The solutions are catered to the needs and requirements of the company or industry employing them. Experts offer solutions and consume less time for companies that can continue focusing on their core competencies. The constantly evolving fraud market requires introducing new solutions at a similar pace, which third-party fraud detection and solution providers offer. The advent of cloud computing technologies, big data, and AI has enabled a faster adoption of solutions in the market.
The enterprise type segment is divided into small and medium enterprises and large enterprises. The large enterprises segment dominated the market, with a share of around 56% in 2023. Large enterprises operate at a greater scale and deal with extensive data daily. They are subjected to regulatory scrutiny, accountability and compliance. Large enterprises are vulnerable to fraud, given their vast operations. Furthermore, they have the necessary capital and infrastructure to deploy or employ security measures to protect their businesses. The volume of their business translates to similar costs incurred on security measures, thereby explaining its dominance in the market.
The industry vertical segment is divided into BFSI, government, manufacturing, real estate, retail and e-commerce, healthcare, travel and transportation, telecommunications and others. The BFSI segment dominated the market, with a market share of around 27% in 2023. The BFSI segment includes fraud detection and prevention in the banking, financial services and insurance sectors. The majority of the frauds are undertaken with the aim of financial gain. Insurance frauds, credit card theft, embezzlement, debit card and cheque frauds. Given the overburdened staff and low compliance, poor regulations and lack of accountability contribute to the rising BFSI frauds. The automation and digitization of financial services have increased the risk and vulnerability of cyber-fraud, exacerbated by the lack of digital literacy, knowledge and awareness about digital finance. It can be said that the BFSI sector is where the primary subject of interest is money, making it an easy and lucrative target for fraudsters in the absence of robust, proactive and advanced security mechanisms.
The deployment type segment is divided into cloud and on-premises. The cloud segment dominated the market, with a share of around 52% in 2023. The advancement in cloud computing technology and the introduction of AI and big data analytics have contributed to the segment's growth. Cloud-based technologies are cost-effective, efficient, customizable, scalable, reliable and secure. They are ideal for small and medium enterprises anticipated to drive the segment's growth. The growing number of third-party service providers is expected to grow the segment.
Report Description:
| Attribute | Description |
|---|---|
| Market Size | Revenue (USD Billion) |
| Market size value in 2023 | USD 36 Billion |
| Market size value in 2033 | USD 213.8 Billion |
| CAGR (2024 to 2033) | 19.5% |
| Historical data | 2020-2022 |
| Base Year | 2023 |
| Forecast | 2024-2033 |
| Region | The regions analyzed for the market are Asia Pacific, Europe, South America, North America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level. |
| Segments | Product Type, Enterprise Type, Industry Vertical and Deployment Type |
As per The Brainy Insights, the size of the global fraud detection and prevention market was valued at USD 36 billion in 2023 to USD 213.8 billion by 2033.
Global fraud detection and prevention market is growing at a CAGR of 19.5% during the forecast period 2024-2033.
The market's growth will be influenced by the increasing automation and digitization of economies.
The lack of professionals could hamper the market growth.
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis by Product Type
4.3.2. Market Attractiveness Analysis by Enterprise Type
4.3.3. Market Attractiveness Analysis by Industry Vertical
4.3.4. Market Attractiveness Analysis by Deployment Type
4.3.5. Market Attractiveness Analysis by Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. The increasing automation and digitization of economies
5.3. Restraints
5.3.1. The lack of professionals
5.4. Opportunities
5.4.1. Technological innovations in AI and ML
5.5. Challenges
5.5.1. The lack of global regulatory and policy framework
6. Global Fraud Detection and Prevention Market Analysis and Forecast, By Product Type
6.1. Segment Overview
6.2. Solutions
6.3. Services
7. Global Fraud Detection and Prevention Market Analysis and Forecast, By Enterprise Type
7.1. Segment Overview
7.2. Small and Medium Enterprises
7.3. Large Enterprises
8. Global Fraud Detection and Prevention Market Analysis and Forecast, By Industry Vertical
8.1. Segment Overview
8.2. BFSI
8.3. Government
8.4. Manufacturing
8.5. Real Estate
8.6. Retail and Ecommerce
8.7. Healthcare
8.8. Travel and Transportation
8.9. Telecommunications
8.10. Others
9. Global Fraud Detection and Prevention Market Analysis and Forecast, By Deployment Type
9.1. Segment Overview
9.2. Cloud
9.3. On-Premises
10. Global Fraud Detection and Prevention Market Analysis and Forecast, By Regional Analysis
10.1. Segment Overview
10.2. North America
10.2.1. U.S.
10.2.2. Canada
10.2.3. Mexico
10.3. Europe
10.3.1. Germany
10.3.2. France
10.3.3. U.K.
10.3.4. Italy
10.3.5. Spain
10.4. Asia-Pacific
10.4.1. Japan
10.4.2. China
10.4.3. India
10.5. South America
10.5.1. Brazil
10.6. Middle East and Africa
10.6.1. UAE
10.6.2. South Africa
11. Global Fraud Detection and Prevention Market-Competitive Landscape
11.1. Overview
11.2. Market Share of Key Players in the Fraud Detection and Prevention Market
11.2.1. Global Company Market Share
11.2.2. North America Company Market Share
11.2.3. Europe Company Market Share
11.2.4. APAC Company Market Share
11.3. Competitive Situations and Trends
11.3.1. Product Launches and Developments
11.3.2. Partnerships, Collaborations, and Agreements
11.3.3. Mergers & Acquisitions
11.3.4. Expansions
12. Company Profiles
12.1. ACI Worldwide
12.1.1. Business Overview
12.1.2. Company Snapshot
12.1.3. Company Market Share Analysis
12.1.4. Company Product Portfolio
12.1.5. Recent Developments
12.1.6. SWOT Analysis
12.2. BAE Systems PLC.
12.2.1. Business Overview
12.2.2. Company Snapshot
12.2.3. Company Market Share Analysis
12.2.4. Company Product Portfolio
12.2.5. Recent Developments
12.2.6. SWOT Analysis
12.3. Fair Isaac Corporation (FICO)
12.3.1. Business Overview
12.3.2. Company Snapshot
12.3.3. Company Market Share Analysis
12.3.4. Company Product Portfolio
12.3.5. Recent Developments
12.3.6. SWOT Analysis
12.4. FIS Global
12.4.1. Business Overview
12.4.2. Company Snapshot
12.4.3. Company Market Share Analysis
12.4.4. Company Product Portfolio
12.4.5. Recent Developments
12.4.6. SWOT Analysis
12.5. Fiserv, Inc.
12.5.1. Business Overview
12.5.2. Company Snapshot
12.5.3. Company Market Share Analysis
12.5.4. Company Product Portfolio
12.5.5. Recent Developments
12.5.6. SWOT Analysis
12.6. International Business Machines Corporation
12.6.1. Business Overview
12.6.2. Company Snapshot
12.6.3. Company Market Share Analysis
12.6.4. Company Product Portfolio
12.6.5. Recent Developments
12.6.6. SWOT Analysis
12.7. LexisNexis
12.7.1. Business Overview
12.7.2. Company Snapshot
12.7.3. Company Market Share Analysis
12.7.4. Company Product Portfolio
12.7.5. Recent Developments
12.7.6. SWOT Analysis
12.8. Oracle Corporation
12.8.1. Business Overview
12.8.2. Company Snapshot
12.8.3. Company Market Share Analysis
12.8.4. Company Product Portfolio
12.8.5. Recent Developments
12.8.6. SWOT Analysis
12.9. SAP SE
12.9.1. Business Overview
12.9.2. Company Snapshot
12.9.3. Company Market Share Analysis
12.9.4. Company Product Portfolio
12.9.5. Recent Developments
12.9.6. SWOT Analysis
12.10. SAS Institute Inc.
12.10.1. Business Overview
12.10.2. Company Snapshot
12.10.3. Company Market Share Analysis
12.10.4. Company Product Portfolio
12.10.5. Recent Developments
12.10.6. SWOT Analysis
List of Table
1. Global Fraud Detection and Prevention Market, By Product Type, 2020-2033 (USD Billion)
2. Global Solutions Fraud Detection and Prevention Market, By Region, 2020-2033 (USD Billion)
3. Global Services Fraud Detection and Prevention Market, By Region, 2020-2033 (USD Billion)
4. Global Fraud Detection and Prevention Market, By Enterprise Type, 2020-2033 (USD Billion)
5. Global Small and Medium Enterprises Fraud Detection and Prevention Market, By Region, 2020-2033 (USD Billion)
6. Global Large Enterprises Fraud Detection and Prevention Market, By Region, 2020-2033 (USD Billion)
7. Global Fraud Detection and Prevention Market, By Industry Vertical, 2020-2033 (USD Billion)
8. Global BFSI Fraud Detection and Prevention Market, By Region, 2020-2033 (USD Billion)
9. Global Government Fraud Detection and Prevention Market, By Region, 2020-2033 (USD Billion)
10. Global Manufacturing Fraud Detection and Prevention Market, By Region, 2020-2033 (USD Billion)
11. Global Real Estate Fraud Detection and Prevention Market, By Region, 2020-2033 (USD Billion)
12. Global Retail and Ecommerce Fraud Detection and Prevention Market, By Region, 2020-2033 (USD Billion)
13. Global Healthcare Fraud Detection and Prevention Market, By Region, 2020-2033 (USD Billion)
14. Global Travel and Transportation Fraud Detection and Prevention Market, By Region, 2020-2033 (USD Billion)
15. Global Telecommunications Fraud Detection and Prevention Market, By Region, 2020-2033 (USD Billion)
16. Global Others Fraud Detection and Prevention Market, By Region, 2020-2033 (USD Billion)
17. Global Fraud Detection and Prevention Market, By Deployment Type, 2020-2033 (USD Billion)
18. Global Cloud Fraud Detection and Prevention Market, By Region, 2020-2033 (USD Billion)
19. Global On-Premises Fraud Detection and Prevention Market, By Region, 2020-2033 (USD Billion)
20. Global Fraud Detection and Prevention Market, By Region, 2020-2033 (USD Billion)
21. North America Fraud Detection and Prevention Market, By Product Type, 2020-2033 (USD Billion)
22. North America Fraud Detection and Prevention Market, By Enterprise Type, 2020-2033 (USD Billion)
23. North America Fraud Detection and Prevention Market, By Industry Vertical, 2020-2033 (USD Billion)
24. North America Fraud Detection and Prevention Market, By Deployment Type, 2020-2033 (USD Billion)
25. U.S. Fraud Detection and Prevention Market, By Product Type, 2020-2033 (USD Billion)
26. U.S. Fraud Detection and Prevention Market, By Enterprise Type, 2020-2033 (USD Billion)
27. U.S. Fraud Detection and Prevention Market, By Industry Vertical, 2020-2033 (USD Billion)
28. U.S. Fraud Detection and Prevention Market, By Deployment Type, 2020-2033 (USD Billion)
29. Canada Fraud Detection and Prevention Market, By Product Type, 2020-2033 (USD Billion)
30. Canada Fraud Detection and Prevention Market, By Enterprise Type, 2020-2033 (USD Billion)
31. Canada Fraud Detection and Prevention Market, By Industry Vertical, 2020-2033 (USD Billion)
32. Canada Fraud Detection and Prevention Market, By Deployment Type, 2020-2033 (USD Billion)
33. Mexico Fraud Detection and Prevention Market, By Product Type, 2020-2033 (USD Billion)
34. Mexico Fraud Detection and Prevention Market, By Enterprise Type, 2020-2033 (USD Billion)
35. Mexico Fraud Detection and Prevention Market, By Industry Vertical, 2020-2033 (USD Billion)
36. Mexico Fraud Detection and Prevention Market, By Deployment Type, 2020-2033 (USD Billion)
37. Europe Fraud Detection and Prevention Market, By Product Type, 2020-2033 (USD Billion)
38. Europe Fraud Detection and Prevention Market, By Enterprise Type, 2020-2033 (USD Billion)
39. Europe Fraud Detection and Prevention Market, By Industry Vertical, 2020-2033 (USD Billion)
40. Europe Fraud Detection and Prevention Market, By Deployment Type, 2020-2033 (USD Billion)
41. Germany Fraud Detection and Prevention Market, By Product Type, 2020-2033 (USD Billion)
42. Germany Fraud Detection and Prevention Market, By Enterprise Type, 2020-2033 (USD Billion)
43. Germany Fraud Detection and Prevention Market, By Industry Vertical, 2020-2033 (USD Billion)
44. Germany Fraud Detection and Prevention Market, By Deployment Type, 2020-2033 (USD Billion)
45. France Fraud Detection and Prevention Market, By Product Type, 2020-2033 (USD Billion)
46. France Fraud Detection and Prevention Market, By Enterprise Type, 2020-2033 (USD Billion)
47. France Fraud Detection and Prevention Market, By Industry Vertical, 2020-2033 (USD Billion)
48. France Fraud Detection and Prevention Market, By Deployment Type, 2020-2033 (USD Billion)
49. U.K. Fraud Detection and Prevention Market, By Product Type, 2020-2033 (USD Billion)
50. U.K. Fraud Detection and Prevention Market, By Enterprise Type, 2020-2033 (USD Billion)
51. U.K. Fraud Detection and Prevention Market, By Industry Vertical, 2020-2033 (USD Billion)
52. U.K. Fraud Detection and Prevention Market, By Deployment Type, 2020-2033 (USD Billion)
53. Italy Fraud Detection and Prevention Market, By Product Type, 2020-2033 (USD Billion)
54. Italy Fraud Detection and Prevention Market, By Enterprise Type, 2020-2033 (USD Billion)
55. Italy Fraud Detection and Prevention Market, By Industry Vertical, 2020-2033 (USD Billion)
56. Italy Fraud Detection and Prevention Market, By Deployment Type, 2020-2033 (USD Billion)
57. Spain Fraud Detection and Prevention Market, By Product Type, 2020-2033 (USD Billion)
58. Spain Fraud Detection and Prevention Market, By Enterprise Type, 2020-2033 (USD Billion)
59. Spain Fraud Detection and Prevention Market, By Industry Vertical, 2020-2033 (USD Billion)
60. Spain Fraud Detection and Prevention Market, By Deployment Type, 2020-2033 (USD Billion)
61. Asia Pacific Fraud Detection and Prevention Market, By Product Type, 2020-2033 (USD Billion)
62. Asia Pacific Fraud Detection and Prevention Market, By Enterprise Type, 2020-2033 (USD Billion)
63. Asia Pacific Fraud Detection and Prevention Market, By Industry Vertical, 2020-2033 (USD Billion)
64. Asia Pacific Fraud Detection and Prevention Market, By Deployment Type, 2020-2033 (USD Billion)
65. Japan Fraud Detection and Prevention Market, By Product Type, 2020-2033 (USD Billion)
66. Japan Fraud Detection and Prevention Market, By Enterprise Type, 2020-2033 (USD Billion)
67. Japan Fraud Detection and Prevention Market, By Industry Vertical, 2020-2033 (USD Billion)
68. Japan Fraud Detection and Prevention Market, By Deployment Type, 2020-2033 (USD Billion)
69. China Fraud Detection and Prevention Market, By Product Type, 2020-2033 (USD Billion)
70. China Fraud Detection and Prevention Market, By Enterprise Type, 2020-2033 (USD Billion)
71. China Fraud Detection and Prevention Market, By Industry Vertical, 2020-2033 (USD Billion)
72. China Fraud Detection and Prevention Market, By Deployment Type, 2020-2033 (USD Billion)
73. India Fraud Detection and Prevention Market, By Product Type, 2020-2033 (USD Billion)
74. India Fraud Detection and Prevention Market, By Enterprise Type, 2020-2033 (USD Billion)
75. India Fraud Detection and Prevention Market, By Industry Vertical, 2020-2033 (USD Billion)
76. India Fraud Detection and Prevention Market, By Deployment Type, 2020-2033 (USD Billion)
77. South America Fraud Detection and Prevention Market, By Product Type, 2020-2033 (USD Billion)
78. South America Fraud Detection and Prevention Market, By Enterprise Type, 2020-2033 (USD Billion)
79. South America Fraud Detection and Prevention Market, By Industry Vertical, 2020-2033 (USD Billion)
80. South America Fraud Detection and Prevention Market, By Deployment Type, 2020-2033 (USD Billion)
81. Brazil Fraud Detection and Prevention Market, By Product Type, 2020-2033 (USD Billion)
82. Brazil Fraud Detection and Prevention Market, By Enterprise Type, 2020-2033 (USD Billion)
83. Brazil Fraud Detection and Prevention Market, By Industry Vertical, 2020-2033 (USD Billion)
84. Brazil Fraud Detection and Prevention Market, By Deployment Type, 2020-2033 (USD Billion)
85. Middle East and Africa Fraud Detection and Prevention Market, By Product Type, 2020-2033 (USD Billion)
86. Middle East and Africa Fraud Detection and Prevention Market, By Enterprise Type, 2020-2033 (USD Billion)
87. Middle East and Africa Fraud Detection and Prevention Market, By Industry Vertical, 2020-2033 (USD Billion)
88. Middle East and Africa Fraud Detection and Prevention Market, By Deployment Type, 2020-2033 (USD Billion)
89. UAE Fraud Detection and Prevention Market, By Product Type, 2020-2033 (USD Billion)
90. UAE Fraud Detection and Prevention Market, By Enterprise Type, 2020-2033 (USD Billion)
91. UAE Fraud Detection and Prevention Market, By Industry Vertical, 2020-2033 (USD Billion)
92. UAE Fraud Detection and Prevention Market, By Deployment Type, 2020-2033 (USD Billion)
93. South Africa Fraud Detection and Prevention Market, By Product Type, 2020-2033 (USD Billion)
94. South Africa Fraud Detection and Prevention Market, By Enterprise Type, 2020-2033 (USD Billion)
95. South Africa Fraud Detection and Prevention Market, By Industry Vertical, 2020-2033 (USD Billion)
96. South Africa Fraud Detection and Prevention Market, By Deployment Type, 2020-2033 (USD Billion)
List of Figures
1. Global Fraud Detection and Prevention Market Segmentation
2. Fraud Detection and Prevention Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Fraud Detection and Prevention Market Attractiveness Analysis by Product Type
9. Global Fraud Detection and Prevention Market Attractiveness Analysis by Enterprise Type
10. Global Fraud Detection and Prevention Market Attractiveness Analysis by Industry Vertical
11. Global Fraud Detection and Prevention Market Attractiveness Analysis by Deployment Type
12. Global Fraud Detection and Prevention Market Attractiveness Analysis by Region
13. Global Fraud Detection and Prevention Market: Dynamics
14. Global Fraud Detection and Prevention Market Share by Product Type (2023 & 2033)
15. Global Fraud Detection and Prevention Market Share by Enterprise Type (2023 & 2033)
16. Global Fraud Detection and Prevention Market Share by Industry Vertical (2023 & 2033)
17. Global Fraud Detection and Prevention Market Share by Deployment Type (2023 & 2033)
18. Global Fraud Detection and Prevention Market Share by Regions (2023 & 2033)
19. Global Fraud Detection and Prevention Market Share by Company (2023)
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. The Brainy Insights has segmented the global fraud detection and prevention market based on below mentioned segments:
Global Fraud Detection and Prevention Market by Product Type:
Global Fraud Detection and Prevention Market by Enterprise Type:
Global Fraud Detection and Prevention Market by Industry Vertical:
Global Fraud Detection and Prevention Market by Deployment Type:
Global Fraud Detection and Prevention Market by Region:
Research has its special purpose to undertake marketing efficiently. In this competitive scenario, businesses need information across all industry verticals; the information about customer wants, market demand, competition, industry trends, distribution channels etc. This information needs to be updated regularly because businesses operate in a dynamic environment. Our organization, The Brainy Insights incorporates scientific and systematic research procedures in order to get proper market insights and industry analysis for overall business success. The analysis consists of studying the market from a miniscule level wherein we implement statistical tools which helps us in examining the data with accuracy and precision.
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The data procurement stage involves in data gathering and collecting through various data sources.
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Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.
The supply side for a domain specific market is analysed by:
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Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:
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The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. The data validation interview and discussion panels are typically composed of the most experienced industry members. The participants include, however, are not limited to:
Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.
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