- The key vendors in the Global Fraud Detection and Prevention Market 2014-2018 are CSC Corp., EMC Corp., FICO, IBM Corp., Oracle Corp. and SAS Institute Inc.
London, 30 September 2014: TechNavio, an independent tech-focused global research firm, announced today the publication of its market research report on the Global Fraud Detection and Prevention Market 2014-2018. . The emergence of Analytics-as-a-service that offers lower cost of ownership to organizations is one of the major trends in this market. The Global Fraud Detection and Prevention market is expected to post a CAGR of 16.4 percent during 2013-2018.
FDP solutions refer to the IT solutions and services that are used to analyze huge amounts of data (structured and unstructured) to find patterns and anomalies. One of the major factors contributing to the high growth rate of this market is the increased usage of the internet on hand-held devices such as smartphones and tablets.
Emergence of AaaS
AaaS is a cloud-based approach to delivering analytic solutions. It allows organizations to deploy FDP solutions tailored to their business needs. This provides cost advantage and flexibility to organizations and offers low cost of ownership. However, data security is a major concern in this approach.
“To gain a cost advantage, organizations are increasingly demanding open-source solutions for fraud detection,” says Faisal Ghaus, Vice President of TechNavio Research.
“Various tools combined together can help organizations overcome the complexity of processing huge volumes of unstructured data and analyzing social networks in a short span of time.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
