LONDON, Aug. 10, 2016 /PRNewswire/ -- The Spain FDP and AML market is expected to grow from USD 351.6 million in 2016 to USD 914.9 million by 2021, at CAGR of 21.1% from 2016 to 2021.
Fraud detection and prevention (FDP) solutions refer to the information technology (IT) solutions that use advanced analytics and authentication mechanism to combat and mitigate the impact of fraud on organizations operating across varied industry verticals, such as financial services, insurance, telecommunications, and healthcare. Anti-money laundering mainly refers to a set of procedures, laws, or regulations that are specifically designed to prevent the practice of generating income through illegal actions. FDP solutions can be categorized into four types, including fraud analytics, fraud authentication, governance, risk & compliance (GRC), and reporting & visualization tools. New FDP solutions such as predictive analytics, customer analytics, and visualization tools & applications help to predict and prevent data losses. In addition to analytical solutions, the implementation of authentication solutions has further helped to avoid fraud by helping in the prevention of unauthorized access to data. Unauthorized users can make the unauthorized transaction, which can include financial transactions and manipulation of sensitive data. Fraud detection & prevention and anti-money laundering is a fast-growing market which comprises different type of solutions and services for different types of frauds and end users. Key players in this market have adopted various strategies such as new product development and expansion to achieve growth in the market.
Major companies operational in the Spain FDP and AML market include ACI Worldwide (U.S.), CallCredit (U.K.), Equifax, Inc. (U.S.), Experian (Ireland), Intellinx (Israel), LexisNexis Risk Solutions (U.S.), and Nice Actimize (U.S.).
OBJECTIVES OF THE STUDY
i. To analyze the market structure by identifying various subsegments in the Spain fraud detection & prevention (FDP) and anti-money laundering (AML) market
ii. To identify major trends and factors driving or inhibiting the growth of the Spain FDP & AML market
iii. To forecast the market size of the Spain FDP & AML market on the basis of FDP-type, vertical, and end-user
iv. To strategically analyze each submarket with respect to individual growth trends and contribution to the Spain FDP & AML market
v. To analyze opportunities in the Spain FDP & AML market for stakeholders by identifying high growth segments in this market
vi. To strategically profile key players in this market and comprehensively analyze their products and core competencies in the market
vii. To forecast the revenues of the Spain FDP & AML market and its submarkets
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