The global FDP market is anticipated to grow at a considerable CAGR of 18.3% during the forecast period. The major factor driving the global FDP market is increased utilization of advanced technology to bring new FDP solutions in the market to prevent the frauds. The hackers and fraudsters are using advanced technologies to hack the credentials of various banks, insurance companies, healthcare companies and individuals. In order to prevent such hacking attacks and frauds various solutions are being launched by using advanced technology. For instance, in September 2021, a new emergency hotline had been launched to check and report financial scams as they take place. According to this technology if a potential victim dials 159, it will be automatically connected to their bank’s fraud prevention service. This technology can be proved as an effective solution for fraud detection due to which its market can grow in future.
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Further, in November 2021, ACI Worldwide launched a network intelligence technology to fight the real-time payments fraud. The new technology enables banks, and payment providers to share fraud signals industry-wide by effectively serving their machine learning models and technology. The launch is focused on preventing real-time payments fraud as COVID-19 had given rise in attacks on real-time payment channels and targeting innocent customers through phishing. As the technology focuses on preventing frauds, financial crimes and save customers from being hacked, it will contribute in the FDP market growth.
Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered-
o By Fraud Type
o By Component
o By Vertical
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- Accertify, Inc., ACI Worldwide., Amazon Web Services, Inc., BAE Systems., DataVisor, Inc., Experian Information Solutions, Inc., F5, Inc., Feedzai, FICO, FIS, and others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global FDP Market Report by Segment
By Fraud Type
- Identity Fraud
- Online Fraud
- Investment Fraud
- Payment Fraud
- Insurance Fraud
- Credit & Debit Fraud
- Others (Ponzi Schemes, Corporate Fraud)
By Component
- Solution
- Service
By Vertical
- Banking
- Insurance
- Government
- Healthcare
- E-commerce
- Others (Education, IT & Telecom)
A full report of Fraud Detection and Prevention (FDP) Market is available at: https://www.omrglobal.com/industry-reports/fraud-detection-and-prevention-fdp-market
Fraud Detection and Prevention (FDP) Market– Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- Accertify, Inc.
- Amazon Web Services, Inc.
- Experian Information Solutions, Inc.
- F5, Inc.
- Feedzai
- FIS
- Fiserv, Inc.
- FRISS Inc
- GURUCUL
- Kount Inc.
- LexisNexis Risk Solutions Group.
- NICE Ltd.
- OneSpan
