Fraud Detection & Prevention Market Size To Advance At 18.9% CAGR By 2025, Based On Rising Need For Providing Cyber Security Measures | Million Insights
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In 2018, the BFSI vertical segment dominated the global market on account of rising operations like mutual funds, insurance, and stock broking across the banking sector. On the other hand, the retail and e-commerce segment is anticipated to register the fastest growth in the upcoming years, due to surging usage of electronic payment options.
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North America held the largest share in terms of revenue owing to huge investments being made by several companies to innovate and develop solutions for detecting and preventing fraud and data leakage. Asia Pacific is projected to register the highest CAGR in the forecasted years, 2018 to 2025 due to the surging fraud cases across China and India.
The fraud detection and prevention market include key players such as SAP SE, Total System Services, Inc., Software AG, Fiserv, Inc., IBM, and Oracle. These players are engaged in product development and innovation to gain a competitive advantage over other players. They are also investing hugely in R&Ds to widen their product portfolio.
Further key findings from the report suggest:
Browse 137 page research report with TOC on "Global Fraud Detection and Prevention Market" at: https://www.millioninsights.com/industry-reports/fraud-detection-and-prevention-market
Million Insights has segmented the global fraud detection & prevention market on the basis of component, solutions, services, application, organization, vertical, and region:
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