London, 01 June 2015 – The global fraud analytics market is expected to grow at a CAGR of nearly 24% from 2015-2019, according to a new report from market research firm Technavio.
About the Report
Organizations are adopting fraud analytics solutions to keep track of a growing volume of corporate data, and using this data to effectively detect, analyze and prevent fraud and improper payments.
“Fraud analytics solutions provide transparent information on financial instruments and help enterprises optimize their business decisions and make investment decisions for future use,” says Faisal Ghaus, Vice President of Technavio.
The latest market research report by Technavio also emphasizes fraud analytics solutions that support the growth of a company by streamlining business processes and help improve operational efficiency. These solutions are important for SMEs, as they identify potential risk areas and detect fraud.
“Many SMEs have become increasingly aware of the significance of complete visibility for their operational performance and its impact on business,” says Ghaus.
Market Scope and Calculation of Market Size
The new Technavio report covers the present scenario and growth prospects of the global fraud analytics market from 2015-2019. To calculate the market size, it considers the revenue generated through the following:
- Software licenses and subscriptions
- Software implementation cost
- Technical support
- Maintenance cost and professional services
Key Information Covered in the Report:
Key Vendors:
- Computer Sciences Corp. (CSC)
- EMC Corp.
- Fair Issac Corp. (FICO)
- SAS Institute Inc.
Market Growth Drivers:
- Need to Detect Fraud
- For a full detailed list, view our report.
Market Challenges:
- High Implementation Cost
- For a full detailed list, view our report.
Market Trends:
- High Demand from SMEs
- For a full detailed list, view our report.
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
