Fraud Detection and Prevention (Fdp) Market - Global Industry Analysis and Worldwide Forecasts , 2014 – 2020

Transparency Market Research Reports included a detailed market survey and analysis trends on “Fraud Detection and Prevention Market”. This report also includes more info about basic overview of the industry including definitions, applications and global market industry structure. Any illegal act involving the obtaining of something of value through willful misrepresentation is called fraud. Fraud detection and prevention systems (FDP) are those software applications which are used to provide analytical solutions for detection and prevention of fraud in future. Authentication solutions and fraud analytical solutions form the core of FDP systems. FDP systems analyze data from wide range of data sources for possible inaccuracies. It analyzes patterns, anomalies and trends in the transactions. It identifies the outliers and reports the same in case of doubtful situations and transactions. FDP prevents unauthorized access preventing fraud incidents. It also verifies user identity and maintains data integrity. Recently, with advent of solutions such as cloud services, internet enabled solutions, and increased preference for digital data modes, vulnerability of enterprises towards fraud has increased significantly. To prevent such occurrences companies are switching to fraud detection software, thus, fuelling the demand for FDP. Rising revenue losses by enterprises due to frauds has further magnified the need for preventive solutions, resulting in increased adoption of FDP solutions, thereby contributing t the marker growth.

Browse Full Report with TOC: http://www.transparencymarketresearch.com/fraud-detection-prevention-market.html

Rise in the enterprise data and its complexity, industry specific requirements, and increase in cost of fraud, are some of the factors acting as drivers for FDP market. Apart from these, technological advancements and regulatory changes will also drive the demand for FDP. However, high cost involvement, low level of awareness, and...