Fraud Detection And Prevention Market Trends, Opportunities and Forecast to 2025
Category: #technology  By Ronak Bora  Date: 2020-01-16
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Fraud Detection And Prevention Market Trends, Opportunities and Forecast to 2025

The global fraud detection and prevention market from education sector is speculated to encounter a significant growth rate between the forecast years, owing to the dearth of the internal controls, uncertain reporting channels, and insufficient management reviews and fraud monitoring.

According to authentic reports, In May 2011, Stanford University’s reputation registered a setback when 5 of its medical school professors were rebuked for breaking the school’s policy. The members were paid to offer promotional speeches on the account of drug makers.

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To obstruct the prevalence of frauds, the educational institutions have been instructed to take preventive measures by employing a hotline with a motive to address the suspicious behavior. It provides the students and the management a way to anonymously report a suspected fraud. As a leading model, the Texas A&M University System promotes the use of its risk, fraud, and misconduct hotline. It has been claimed that the reporting program is available 24x7.

Mounting instances of online or offline frauds have been taking a toll on various industries of late, thereby fueling fraud detection and prevention market trends. According to a 2018 report by Association of Certified Fraud Executives (ACFE), various enterprises around the globe experience a revenue loss of over 5 per cent per annum due to fraud which translates to a hefty loss of USD 4 trillion per year.

The incessant occurrence of frauds calls for a comprehensive approach for fraud detection and prevention as compared to the former fragmented approaches. With increasing frequency of such threats, demand for fraud detection and prevention solutions is anticipated to surge immeasurably over the forecast period, thereby augmenting the fraud detection and prevention market outlook.

Fraud detection and prevention market share from banking sector will also depict a rise on account of rising product deployment in credit & debit card applications. Estimates claim that credit & debit card fraud application segment accounted for 30% of fraud detection and prevention industry share in 2018 and is expected to register a substantial revenue by the end of the projected timeline. This can be attributed to the increase in digital payment usage, trend of cashless transactions, and rising deployment of chips in credit & debit cards that banks provide on a consistent basis.

The retail sector has been a long-time victim of the counterfeit payments or in-store credit frauds. With more retailers opting the e-commerce means of trade, the online transactions are anticipated to rise whilst increasing the number of duplicity encounters. This calls for the demand for fraud detection and prevention solutions given that digital payments are at their peak.

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The major players operating in the fraud detection and prevention market include ACI Worldwide, Avast Software, SAP, SAS Institute, and many others. Aided by a vast end-use landscape, FDP industry trends are likely to undergo a massive transformation in the years ahead.

Some Points From Table Of Content: -

Chapter 7. Fraud Detection and Prevention Market, By Application

7.1. Key trends, by application

7.2. Money laundering

7.2.1. Money laundering market estimates and forecast, 2014-2025

7.3. Credit and debit fraud

7.3.1. Credit and debit fraud market estimates and forecast, 2014-2025

7.4. Mobile fraud

7.4.1. Mobile fraud market estimates and forecast, 2014-2025

7.5. Identity threat

7.5.1. Identity threat market estimates and forecast, 2014-2025

7.6. Electronic fraud

7.6.1. Electronic fraud market estimates and forecast, 2014-2025

Chapter 8. Fraud Detection and Prevention Market, By End-Use

8.1. Key trends, by end-use

8.2. Banking

8.2.1. Banking market estimates and forecast, 2014-2025

8.3. Insurance

8.3.1. Insurance market estimates and forecast, 2014-2025

8.4. Government

8.4.1. Government market estimates and forecast, 2014-2025

8.5. Healthcare

8.5.1. Healthcare market estimates and forecast, 2014-2025

8.6. E-commerce

8.6.1. E-commerce market estimates and forecast, 2014-2025

8.7. Education

8.7.1. Education market estimates and forecast, 2014-2025

Browse Complete Table of Content @ http://decresearch.com/toc/detail/fraud-detection-and-prevention-market

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About Author

Ronak Bora

Ronak Bora    

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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