Enterprise Security Concerns Drive Global Demand for Fraud Detection & Prevention Solutions

Europe, the Middle East, and Africa (EMEA) and North America (NA) are the top two regions contributing to FDP market growth over the forecast period. EMEA's demand is largely driven by a strong regulatory environment, pushing the need for anti-fraud solutions. Cyber adversaries' increasing malicious activities on the internet targeting US firms will drive the demand for FDP solutions in NA. Europe, theMiddle East, andAfrica(EMEA) andNorth America(NA) are the top two regions...

Europe, the Middle East, and Africa (EMEA) and North America (NA) are the top two regions contributing to FDP market growth over the forecast period. EMEA's demand is largely driven by a strong regulatory environment, pushing the need for anti-fraud solutions. Cyber adversaries' increasing malicious activities on the internet targeting US firms will drive the demand for FDP solutions in NA.

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"The rapid shift by enterprises to digital environments such as online banking and eCommerce during the pandemic resulted in a surge in cyberattacks," said Jarad Carleton, Director of Research, Security, Frost & Sullivan. "In turn, this has compelled companies to adopt advanced FDP solutions such as fraud management and fraud analytics to ensure overall security while simultaneously providing a seamless experience to the end-user." 

Carleton added: "The dynamic regulatory landscape worldwide is also a key factor in driving the FDP market. Organizations willing to comply with new regulations such as the Payment Services Directive 2 (PSD2) will have no choice but to invest in anti-fraud solutions despite potential budgetary constraints."

To support business firms' digital transformation journey and ensure their safety, FDP vendors should focus on:

The Global Fraud Detection & Prevention (FDP) Market is the latest addition to Frost & Sullivan's Security research and analyses available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.

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The Global Fraud Detection & Prevention (FDP) Market
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