Global Fraud Detection and Prevention (FDP) Market - Trends and Forecasts ( )

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1 Brochure More information from Global Fraud Detection and Prevention (FDP) Market - Trends and Forecasts ( ) Description: Increasing penetration of internet enabled devices and rising online transactions is rife with fraudulent activities. Fraud has been on the rise and today it has become a boardroom issue; people across the globe are concerned more about fraud - ranging from employees misuse of identity card to large-scale frauds, concerning high-value contracts, thereby leading to serious businesses implications such as loss of reputation & ethics and stunted growth; and also incurring heavy losses up to 8% of revenue annually for some of the enterprises. Growing proliferation of E-Tailing and E-Banking globally (47.5 % of people are using desktop/laptop for making online transactions as compared to smartphone and tablet users, who accounted for 39.2% and 10.5% share respectively, in 2013) has led to transaction web to become more complex; tracking and monitoring of the data flow more challenging leading to increasing numbers of frauds across different industries. Rapid technological developments and the large numbers of consumers present/operating online have led fraud to be one of the fastest emerging threats to all types of organizations. Over the last five years, information technology and the internet has gained foothold across different industry verticals; increasing vulnerability of every sector to the threat of organized and automated crimes, and misappropriations. Fraud Detection and Prevention (FDP) solutions have thus become more important in the current scenario than it has ever been. Traditional methods of fraud detection have been replaced by sophisticated techniques involving statistical modelling and simulation, Machine Learning and Data Mining techniques. Growth in online transactions and increasing revenue losses due to fraudulent activities along with has augmented the demand for fraud detection and prevention solutions. The demand for Fraud Detection and Prevention Solutions is expected to witness CAGR of 16.62% over the forecast period, to reach a total market value of $19.92 billion by end of North America held the largest market share of 34.26% in 2014, followed by Europe, mainly attributed to growing E-retailing due to high rate of internet penetration and concentration of business enterprises. Asia-Pacific followed by Latin America region is projected to witness highest growth rate over the next six years, due to several factors such as presence of some of the fastest growing economies and increasing number of small and medium scale enterprises. The application of FDP encompasses multiple sectors, such as BFSI, manufacturing, retail, telecommunication, Healthcare, Government and others. The manufacturing sector, however, contributed to 17% of the Global Fraud Detection and Prevention Market in 2014, followed closely by BFSI. However, healthcare is poised to have highest compound annual growth rate of 25.13% over the forecast period, owing to growing health concern, increasing demand for medicare benefits along with emergent adoption of online health records and remote patient care. Addressing FDP encompasses a set of activities including creation of a controlled environment, Fraud Risk Assessment, Monitoring customer transaction and activities, detection of fraud and inconsistencies, sharing of information, communication and strategic consulting, in order to address specific loopholes. Some of the major players in the market are IBM, Oracle, LexisNexis, Equifax, Inc. FICO, CSC, FICO, Equifax, Inc., EMC Corporation and Bosch Software Innovations Gmbh. Please note: As this product is updated at the time of order, dispatch will be 72 hours from the date the order and full payment is received.

2 Contents: 1. Research Methodology 2. Executive Summary 3. Introduction 3.1 Frauds Cyber Crimes Hacking Trojan Horse Phishing Spyware Key Logger Misappropriation Corruption 3.2 Techniques of FDP Machine learning and Data Mining Supervised Learning Unsupervised Learning Others Statistical Techniques 3.3 Purpose of FDP Operational Effectiveness Reduces Fraud Losses Reduces Loss of Reputation 3.4 Addressing fraud Creating a Control Environment Perform fraud Risk Assessment Monitoring Detecting Fraud or Inconsistencies Sharing Information and Communication Strategic Consulting 4. Market Overview 4.1 Overview 4.2 Industry Value Chain Analysis 4.3 Porter's Five Industry Forces Analysis

3 4.3.1 Threat from new entrants Threat from substitute products Bargaining Power of Suppliers Bargaining Power of Consumers Competitive Rivalry 5. Market Dynamics 5.1 Drivers Rise in online transactions Emergence of e-banking and e-commerce High Adoption of IP-Based Services Emergence of Big Data Platforms 5.2 Constraints Lack of integration capability with all verticals 5.3 Opportunities Customer-centric fraud prevention Emerging Economies Simulation Options 6. Market Segmentation 6.1 By Solution Fraud Analytics Authentication Single Factor Multi factor Governance, risk and compliance (GRC) Solutions Reporting Visualization 6.2 By Fraud Type Internal Fraud External Fraud 6.3 By Nature of Fraud Suspicious Activities reports

4 6.3.2 Alerts Illegal activity Money laundering Terrorism Financing Data anomalies, error and omissions 6.4 By Scale of End-User Small scale Medium scale Large scale 6.5 By Vertical BFSI Retail Communications Government Healthcare Real Estate Media and Entertainment Energy and Power Manufacturing Travel and Transportation Professional services Others 6.6 By Geography North America Europe Asia Pacific Latin America Middle East 7. Company Profiles 7.1 SAP 7.2 SAS Financial Management 7.3 IBM

5 7.4 FICO 7.5 Fiserv 7.6 Experian 7.7 EMC Corporation 7.8 CSC 7.9 Equifax, Inc Easy Solutions, Inc BAE Systems Detica 7.12 ACI Worldwide Inc Oracle 7.14 Bosch Software Innovations Gmbh 7.15 Equifax, Inc Lexisnexis 8. Market Trends and Projections 8.1 Current Market Landscape & Future Trends 8.2 Mergers and Acquisitions 8.3 Investment Opportunities Ordering: Order Online - Order by Fax - using the form below Order by Post - print the order form below and send to Research and Markets, Guinness Centre, Taylors Lane, Dublin 8, Ireland.

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