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The Europe Fraud Detection & Prevention Market would witness market growth of 18.7% 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. Cloud infrastructure is a perfect platform for various organizations to meet cloud security compliance requirements for encryption, separation of duties and allow access controls for protected data. Additionally, growth in the enterprise data and its complexity, industry specific requirements and rising cost for fraud protection solutions further contribute to the growth of the market.
Growing fraudulent activities, government regulations for data protection, and growing popularity of mobile devices have brought about unique challenges to business and government organizations, driving the adoption of effective solutions that would defend, identify, and respond to evolving threats. 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 Europe 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 Europe Fraud Detection & Prevention market segments the market into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the competition analysis of key stake holders of the Europe 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.