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Global Fraud Detection and Prevention Market 2018-2023 - High Cost of the FDP Solutions Restricts their Usage Among SMBsDUBLIN, Nov 20, 2018 /PRNewswire/ -- The "Global Fraud Detection and Prevention Market 2019-2023" report has been added to ResearchAndMarkets.com's offering. The fraud detection and prevention market will register a CAGR of over 20% by 2023. The use of blockchain technology in fraud detection and prevention is identified as one of the key trends that will gain traction in the market for the next four years. The implementation of blockchain can prevent fraud during financial transactions that involve multiple processes and require human intervention. Market Overview Increase in data theft across the globe The incidents of cyber thefts by cybercriminals and hackers is increasing at an alarming rate. FDP solutions support enterprises in verifying users as well as managing their access to enterprise resources. High cost of the FDP solutions restricts their usage among SMBs Firms that adopt FDP solutions must pay for the applications they use and consume. But the cost increases as these firms are also required to provide additional services like security, back up, resilience, encryption, and hosting to their end-customers. Competitive Landscape The market appears to be fragmented and with the presence of several companies and the competitive environment is quite intense. Factors such as the use of blockchain technology in fraud detection and prevention and increase in data theft across the globe, will provide considerable growth opportunities to fraud detection and prevention market manufactures. Fiserv, IBM, Oracle, SAP, and SAS Institute are some of the major companies covered in this report./p>
According to the report, one driver influencing this market is the growing use of IoT. One trend affecting this market is the growing adoption of identity-as-a-service solutions. Further, the report states that one challenge affecting this market is the networking and connectivity issues in cloud-based FDP. Key Topics Covered:
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY END-USER
PART 07: CUSTOMER LANDSCAPE
PART 09: DECISION FRAMEWORK
PART 11: MARKET TRENDS
PART 13: VENDOR ANALYSIS
PART 14: APPENDIX Did you know that we also offer Custom Research? Visit our Custom Research page to learn more and schedule a meeting with our Custom Research Manager. Media Contact: Research and Markets
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