The Global Fraud Detection & Prevention (FDP) Market

The Global Fraud Detection & Prevention (FDP) Market

Propelling Revenue Growth, Reducing Fraud, and Enhancing Digital Trust

RELEASE DATE
27-Jan-2022
REGION
Global
Research Code: MG1C-01-00-00-00
SKU: IT04465-NA-MT_26206
$4,950.00
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SKU
IT04465-NA-MT_26206
$4,950.00
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Description

The Fraud Detection & Prevention (FDP) market consists of vendors that provide software solutions that leverage Identification and Authentication technologies to detect and prevent incidents of fraud. The market can be divided into three segments; Identity, Fraud Detection, and Authentication & Behavioral Biometrics.

Identity solutions verify identity against a broad set of personal and digital data and utilize when the account is originated or provisioned. All the actions form basis for greater identity confidence.

Behavioral Biometrics authentication allows to validate that claimed identity of the user is who they say they are based on unique variables that are collected during the user's interaction with the device or application. Some of many such variables may include mouse activity, keystroke movement, the angle of holding the device, typing rhythm, geolocation, number of touch events, mouse travel distance.

Fraud Detection aims to identify potentially fraudulent actions by investigating suspicious behaviors and inconsistent data elements. It also determines the fraud risk of online transactions and identities, keeping organizations safe from financial and reputational damage.

Common FDP services include: gathering and analysing user‘s behavioural and biometric data, account takeover protection, payments protection and monitoring, Bot detection, User validation, Transaction fraud protection etc. Organizations decide to work with FDP vendors mostly due to lack of in-house capabilities and technology. FDP vendors are able to collect, process and score variety of data that allows for better decision making process within organizations that conduct businesses in digital environments. This study focuses on the Global Fraud Detection & Prevention market and includes revenue forecast for 2021-2024, with analysis of regions including North America, Latin America, Europe, Middle East, and Africa (EMEA), and Asia Pacific (APAC). The analysis also provides breakdown by verticals – Financial Services, Education, Retail / e-Commerce, Government, Healthcare, Manufacturing, Media & Entertainment, Technology/Telecom, as well as by customer size; <100 employees, 100 - 1,000 employees, 1,001 - 2,500 employees, 2,501 – 10,000 employees, and more than 10,000 employees.

Author: Jarad Carleton

Table of Contents

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top Three Strategic Imperatives for the Fraud Detection & Prevention Market

Growth Opportunities Fuel the Growth Pipeline Engine™

Scope of Analysis—Fraud Detection & Prevention Market

Fraud Detection & Prevention Market Technology Segmentation

Fraud Detection & Prevention Market Solutions

Emerging Technology Roadmap

Key Growth Metrics for Fraud Detection & Prevention Market

Distribution Channels for Fraud Detection & Prevention Market

Growth Drivers for  Fraud Detection & Prevention Market

Growth Drivers Analysis for Fraud Detection & Prevention Market

Growth Drivers Analysis for Fraud Detection & Prevention Market (continued)

Growth Restraints for Fraud Detection & Prevention Market

Growth Restraints Analysis for Fraud Detection & Prevention Market

Growth Restraints Analysis for Fraud Detection & Prevention Market (continued)

Forecast Assumptions—Fraud Detection & Prevention Market

Revenue Forecast—Fraud Detection & Prevention Market

Percent Revenue Forecast by Region—Fraud Detection & Prevention Market

Percent Revenue Forecast by Customer Size—Fraud Detection & Prevention Market

Percent Revenue by Industry Vertical—Fraud Detection & Prevention Market

Revenue Forecast Analysis—Fraud Detection & Prevention Market

Revenue Forecast Analysis by Region—Fraud Detection & Prevention Market

Revenue Forecast Analysis by Industry Vertical—Fraud Detection & Prevention Market

Pricing Trends and Forecast Analysis—Fraud Detection & Prevention Market

Competitive Environment—Fraud Detection & Prevention Market

Revenue Share—Fraud Detection & Prevention Market

Revenue Share Analysis—Fraud Detection & Prevention Market

Growth Opportunity 1: Continuous User Authentication

Growth Opportunity 1: Continuous User Authentication (continued) 

Growth Opportunity 2: Adoption of Behavioral Biometrics

Growth Opportunity 2: Adoption of Behavioral Biometrics (continued)

Growth Opportunity 3: Application Program Interface (API) Security

Growth Opportunity 3: Application Program Interface (API) Security (continued)

Security as Business Enabler Rather than a Cost Center

Artificial Intelligence Models Require Constant Monitoring

Vendor Selection Process

Transparency in AI Decision Making Processes is Crucial

Key Competitors—Solutions Differentiation

Your Next Steps

Why Frost, Why Now?

List of Exhibits

Legal Disclaimer

The Fraud Detection & Prevention (FDP) market consists of vendors that provide software solutions that leverage Identification and Authentication technologies to detect and prevent incidents of fraud. The market can be divided into three segments; Identity, Fraud Detection, and Authentication & Behavioral Biometrics. Identity solutions verify identity against a broad set of personal and digital data and utilize when the account is originated or provisioned. All the actions form basis for greater identity confidence. Behavioral Biometrics authentication allows to validate that claimed identity of the user is who they say they are based on unique variables that are collected during the user's interaction with the device or application. Some of many such variables may include mouse activity, keystroke movement, the angle of holding the device, typing rhythm, geolocation, number of touch events, mouse travel distance. Fraud Detection aims to identify potentially fraudulent actions by investigating suspicious behaviors and inconsistent data elements. It also determines the fraud risk of online transactions and identities, keeping organizations safe from financial and reputational damage. Common FDP services include: gathering and analysing user‘s behavioural and biometric data, account takeover protection, payments protection and monitoring, Bot detection, User validation, Transaction fraud protection etc. Organizations decide to work with FDP vendors mostly due to lack of in-house capabilities and technology. FDP vendors are able to collect, process and score variety of data that allows for better decision making process within organizations that conduct businesses in digital environments. This study focuses on the Global Fraud Detection & Prevention market and includes revenue forecast for 2021-2024, with analysis of regions including North America, Latin America, Europe, Middle East, and Africa (EMEA), and Asia Pacific (APAC). The analysis also provides breakdown by verticals – Financial Services, Education, Retail / e-Commerce, Government, Healthcare, Manufacturing, Media & Entertainment, Technology/Telecom, as well as by customer size; <100 employees, 100 - 1,000 employees, 1,001 - 2,500 employees, 2,501 – 10,000 employees, and more than 10,000 employees. Author: Jarad Carleton
More Information
No Index No
Podcast No
Author Jarad Carleton
Industries Information Technology
WIP Number MG1C-01-00-00-00
Is Prebook No
GPS Codes 9659