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The Asia Pacific Fraud Detection & Prevention Market would witness market growth of 21.8% CAGR during the forecast period (2017 ? 2023). Fraud detection and prevention systems are software applications used in providing analytical solutions to detect and prevent fraud in uncertain conditions. Significant rise in the fraudulent activities, globally would significantly contribute to the growth of the global fraud detection and prevention market. Rapid uptake in big data analytics and cloud computing would add to the factors driving the growth of the fraud detection and prevention solutions in small and large enterprises. The rapid adoption of the solutions is due to remote server access offered by cloud infrastructure providers over the internet, enabling organizations to manage all the applications in one place.
Based on Components, the market report segments the market into Services and Solutions. Solutions market includes Authentication and Fraud Analytics. Authentication market is further segmented into Single Factor Authentication and Multi Factor Authentication. Fraud Analytics is further segmented into Predictive Analytics, Customer Analytics, Social Media Analytics, Big Data Analytics, and Behavioural Analytics. Based on Organization Sizes, the Asia Pacific Fraud Detection & Prevention market segments the market into Small & Medium Enterprises and Large Enterprises.
Based on Deployment Types, the market report segments the market into On Demand and On Premise. Based on Verticals, the market report segments the market into On Demand and On Premise. Based on Countries, the Asia Pacific Fraud Detection & Prevention market segments the market into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific. The market research report covers the competition analysis of key stake holders of the Asia Pacific Fraud Detection & Prevention Market.
Key companies profiled in the report include IBM Corporation, Oracle Corporation, SAS Institute, Inc., Fair Isaac Corporation (FICO), SAP SE, Bae Systems, ACI Worldwide, Inc., NCR Corporation, Martin Dawes Systems Limited (Lavastorm), and ThreatMetrix.