Market Overview:
The global fraud detection and prevention (FDP) system market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing instances of fraudulent activities across different industries, and the need for organizations to adopt FDP systems in order to protect their businesses from such activities. The global FDP system market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into cloud-based and on-premises FDP systems. The cloud-based FDP systems are further subsegmented into public cloud and private cloud segments. On the basis of application, the market is segmented into BFSI, retail, telecommunication, government/public sector healthcare real estate energy & power manufacturing others).
 System Industry Outlook.svg)
Product Definition:
Fraud Detection and Prevention (FDP) System is a system that is used to identify, prevent and investigate fraudulent activities. The importance of Fraud Detection and Prevention (FDP) System is that it helps organizations protect their assets from fraudulent activities.
Cloud Based:
Cloud-based solutions are expected to be a key component of the FDP systems market over the forecast period. The major factor that propels growth in this segment is data safety and security concerns among organizations. Cloud computing has transformed data storage, making it more convenient and accessible for users. However, with increased convenience comes risk; hence, there is a need for robust security measures to protect sensitive business information from cyberattacks and internal frauds.
On-Premises:
On-premises is a term used for software and hardware installation at the organization's premise, which can be in the form of a computer system or network. The on-premises solutions are used to perform various functions such as data security, fraud detection, and prevention. These solutions help organizations to secure their data by preventing fraudulent activities from occurring within an organization.
Application Insights:
The banking, financial services, and insurance (BFSI) segment dominated the market in 2017. The BFSI sector is one of the most technologically advanced sectors and has been rapidly adopting innovative technologies such as big data analytics to enhance its offerings to customers, employees, and investors. However, despite technological advancements fraudsters have found ways to cheat these sectors by indulging in fraudulent activities undetected. This has led to a significant increase in demand for FDP systems across the BFSI sector.
The retail segment is also expected to witness considerable growth over the forecast period owing to increasing online shopping trends across various regions coupled with rising customer awareness about safety issues associated with online transactions. Fraud detection solutions are being increasingly deployed by e-commerce companies at both ends of transaction chain - on their end-to-end system as well as at their suppliers' end - for robust security against frauds including identity theft or phishing attacks during payment processing or delivery processings respectively.
Regional Analysis:
North America dominated the global market in 2017. The growth of the region can be attributed to various factors such as increasing adoption of cloud-based services, high demand for online transactions, and rising incidences of cybercrimes. Moreover, presence of major players in this region is expected to drive regional market growth over the forecast period.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to increasing number frauds taking place across several sectors including government/public sector, healthcare & life sciences, BFSI & retail banking and telecommunication among others.
Growth Factors:
- Increasing incidence of fraud across industries: The global fraud detection and prevention (FDP) system market is expected to grow at a CAGR of over 16% during the forecast period. This is primarily owing to the increasing incidence of fraudulent activities across industries, such as banking, insurance, retail, and healthcare.
- Proliferation of digital channels: The growth in digital channels has led to an increase in online transactions and also made it easier for criminals to commit fraud undetected. FDP systems help organizations detect these fraudulent activities in a timely manner and prevent any financial losses.
- Stringent government regulations: Governments around the world are implementing stringent regulations related to data security and privacy with an aim to protect consumers from identity theft and other fraudulent activities. This is driving the demand for FDP systems as they help organizations comply with these regulations while safeguarding their customers’ data privacy rights simultaneously.
Scope Of The Report
Report Attributes
Report Details
Report Title
Fraud Detection and Prevention (FDP) System Market Research Report
By Type
Cloud Based, On-Premises
By Application
BFSI, Retail, Telecommunication, Government/Public Sector, Healthcare, Real Estate, Energy and Power, Manufacturing, Others
By Companies
IBM, SAP, Dell Technologies, FRISS, FICO, SAS Institute, BAE Systems, DXC Technology, ACI Worldwide, Fiserv, NICE Systems, Experian, LexisNexis Risk Solutions, Wirecard, Easy Solutions, TransUnion, Hitachi Vantara, Kount, Simility
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
143
Number of Tables & Figures
101
Customization Available
Yes, the report can be customized as per your need.
Global Fraud Detection and Prevention (FDP) System Market Report Segments:
The global Fraud Detection and Prevention (FDP) System market is segmented on the basis of:
Types
Cloud Based, On-Premises
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
BFSI, Retail, Telecommunication, Government/Public Sector, Healthcare, Real Estate, Energy and Power, Manufacturing, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- IBM
- SAP
- Dell Technologies
- FRISS
- FICO
- SAS Institute
- BAE Systems
- DXC Technology
- ACI Worldwide
- Fiserv
- NICE Systems
- Experian
- LexisNexis Risk Solutions
- Wirecard
- Easy Solutions
- TransUnion
- Hitachi Vantara
- Kount
- Simility
 System Market Overview.svg)
Highlights of The Fraud Detection and Prevention (FDP) System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cloud Based
- On-Premises
- By Application:
- BFSI
- Retail
- Telecommunication
- Government/Public Sector
- Healthcare
- Real Estate
- Energy and Power
- Manufacturing
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Fraud Detection and Prevention (FDP) System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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 System Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A fraud detection and prevention system (FDP) is a computer-based system that monitors activities within an organization in order to identify and prevent fraudulent or illegal activity. FDP systems can include, but are not limited to, monitoring of financial transactions, customer interactions, employee behavior, and supplier relationships.
Some of the major companies in the fraud detection and prevention (fdp) system market are IBM, SAP, Dell Technologies, FRISS, FICO, SAS Institute, BAE Systems, DXC Technology, ACI Worldwide, Fiserv, NICE Systems, Experian, LexisNexis Risk Solutions, Wirecard, Easy Solutions, TransUnion, Hitachi Vantara, Kount, Simility.
The fraud detection and prevention (fdp) system market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Fraud Detection and Prevention (FDP) System Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Fraud Detection and Prevention (FDP) System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Fraud Detection and Prevention (FDP) System Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Fraud Detection and Prevention (FDP) System Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Fraud Detection and Prevention (FDP) System Market Size & Forecast, 2018-2028
4.5.1 Fraud Detection and Prevention (FDP) System Market Size and Y-o-Y Growth
4.5.2 Fraud Detection and Prevention (FDP) System Market Absolute $ Opportunity
Chapter 5 Global Fraud Detection and Prevention (FDP) System Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Fraud Detection and Prevention (FDP) System Market Size Forecast by Type
5.2.1 Cloud Based
5.2.2 On-Premises
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Fraud Detection and Prevention (FDP) System Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Fraud Detection and Prevention (FDP) System Market Size Forecast by Applications
6.2.1 BFSI
6.2.2 Retail
6.2.3 Telecommunication
6.2.4 Government/Public Sector
6.2.5 Healthcare
6.2.6 Real Estate
6.2.7 Energy and Power
6.2.8 Manufacturing
6.2.9 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Fraud Detection and Prevention (FDP) System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Fraud Detection and Prevention (FDP) System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Fraud Detection and Prevention (FDP) System Analysis and Forecast
9.1 Introduction
9.2 North America Fraud Detection and Prevention (FDP) System Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Fraud Detection and Prevention (FDP) System Market Size Forecast by Type
9.6.1 Cloud Based
9.6.2 On-Premises
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Fraud Detection and Prevention (FDP) System Market Size Forecast by Applications
9.10.1 BFSI
9.10.2 Retail
9.10.3 Telecommunication
9.10.4 Government/Public Sector
9.10.5 Healthcare
9.10.6 Real Estate
9.10.7 Energy and Power
9.10.8 Manufacturing
9.10.9 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Fraud Detection and Prevention (FDP) System Analysis and Forecast
10.1 Introduction
10.2 Europe Fraud Detection and Prevention (FDP) System Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Fraud Detection and Prevention (FDP) System Market Size Forecast by Type
10.6.1 Cloud Based
10.6.2 On-Premises
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Fraud Detection and Prevention (FDP) System Market Size Forecast by Applications
10.10.1 BFSI
10.10.2 Retail
10.10.3 Telecommunication
10.10.4 Government/Public Sector
10.10.5 Healthcare
10.10.6 Real Estate
10.10.7 Energy and Power
10.10.8 Manufacturing
10.10.9 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Fraud Detection and Prevention (FDP) System Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Fraud Detection and Prevention (FDP) System Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Fraud Detection and Prevention (FDP) System Market Size Forecast by Type
11.6.1 Cloud Based
11.6.2 On-Premises
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Fraud Detection and Prevention (FDP) System Market Size Forecast by Applications
11.10.1 BFSI
11.10.2 Retail
11.10.3 Telecommunication
11.10.4 Government/Public Sector
11.10.5 Healthcare
11.10.6 Real Estate
11.10.7 Energy and Power
11.10.8 Manufacturing
11.10.9 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Fraud Detection and Prevention (FDP) System Analysis and Forecast
12.1 Introduction
12.2 Latin America Fraud Detection and Prevention (FDP) System Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Fraud Detection and Prevention (FDP) System Market Size Forecast by Type
12.6.1 Cloud Based
12.6.2 On-Premises
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Fraud Detection and Prevention (FDP) System Market Size Forecast by Applications
12.10.1 BFSI
12.10.2 Retail
12.10.3 Telecommunication
12.10.4 Government/Public Sector
12.10.5 Healthcare
12.10.6 Real Estate
12.10.7 Energy and Power
12.10.8 Manufacturing
12.10.9 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Fraud Detection and Prevention (FDP) System Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Fraud Detection and Prevention (FDP) System Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Fraud Detection and Prevention (FDP) System Market Size Forecast by Type
13.6.1 Cloud Based
13.6.2 On-Premises
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Fraud Detection and Prevention (FDP) System Market Size Forecast by Applications
13.10.1 BFSI
13.10.2 Retail
13.10.3 Telecommunication
13.10.4 Government/Public Sector
13.10.5 Healthcare
13.10.6 Real Estate
13.10.7 Energy and Power
13.10.8 Manufacturing
13.10.9 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Fraud Detection and Prevention (FDP) System Market: Competitive Dashboard
14.2 Global Fraud Detection and Prevention (FDP) System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 IBM
14.3.2 SAP
14.3.3 Dell Technologies
14.3.4 FRISS
14.3.5 FICO
14.3.6 SAS Institute
14.3.7 BAE Systems
14.3.8 DXC Technology
14.3.9 ACI Worldwide
14.3.10 Fiserv
14.3.11 NICE Systems
14.3.12 Experian
14.3.13 LexisNexis Risk Solutions
14.3.14 Wirecard
14.3.15 Easy Solutions
14.3.16 TransUnion
14.3.17 Hitachi Vantara
14.3.18 Kount
14.3.19 Simility
