DUBLIN, July 22, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/vvmtl8/fraud_detection) has announced the addition of the "Fraud Detection and Prevention and Anti Money Laundering Market by Vertical, Type (Fraud Authentication, Analytics and GRC), Geography - Global Trends & Forecasts to 2019" report to their offering.
The global fraud detection & prevention and anti-money laundering market will be valued at $21.44 Billion by 2019 from $9.62 Billion in 2014, at a compound annual growth rate (CAGR) of 17.4% from 2014 to 2019.
The banking, financial services & insurance vertical is one of the worst fraud-hit verticals. The primary reason behind this is the amount of transactions (both monetary and data centric), number of transactions, and technological advancements. As the volume of online and card-related transactions is increasing, the possibility of frauds has increased significantly. The vertical is faced with both internal and external fraud threats and the loss could lead to adverse effects on the economy. The vertical has implemented several technology-based solutions and is one of the early adopters of FDP solutions.
Small, medium and large enterprises have different effects on the FDP & AML market; and the main factors impacting the market are profiles of fraudsters, money or data associated with possible fraud incidents, IT spending budgets, and ability to manage massive data. Large enterprises are capable of handling massive database and can invest huge sums of money over IT solution deployments, whereas SMEs are restricted in terms of data management and spending capabilities. The losses are much larger in nature in the large enterprises segment and the fraudsters are generally associated with the same enterprises for a long time. In such cases, large enterprises are required to take effective and efficient anti-fraud measures. However, SMEs have a more relaxed approach as they consider themselves as a less possible target for the fraudsters; this mainly arises from the lack of awareness regarding frauds.
The companies dominating the global fraud detection & prevention and anti-money laundering market are Equifax, Inc., Intellinx, Nice Actimize, Experian, Call Credit, Easy Solutions, ACI Worldwide Inc., TransUnion, and LexisNexis Risk Solutions.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Market Overview
5 Global FDP & AML Market, By Vertical
6 Global FDP & AML Market, By End-User
7 Global Fdp Market, By Type
8 Global FDP & AML Market, By Geography
9 Competitive Landscape
10 FDP & AML Market, By Company
- ACI Worldwide Inc - Callcredit - Easy Solutions - Equifax, Inc - Experian - Intellinx - Lexisnexis - Nice Actimize - Transunion
For more information visit http://www.researchandmarkets.com/research/vvmtl8/fraud_detection
Laura Wood, +353-1-481-1716, firstname.lastname@example.org
SOURCE Research and Markets