The global FDP market size is expected to grow from an estimated value of USD 22.8 billion in 2021 to USD 53.4 billion by 2026, at a compound annual growth rate (CAGR) of 18.5% by 2021 to 2026.
The FDP market is driven by various factors such as increasing adoption rate of digitization and IoT and increasing revenue loss due to fraud to drive the growth of FDP market across the world during the forecast period.
New York, December 29, 2021 (GLOBE NEWSWIRE) – Reportlinker.com announces the publication of the report “Fraud Detection and Prevention Market by Solution, Department, Vertical, Mode of Deployment and Region – Global Forecast to 2026 “- https: / /www.reportlinker.com/p05100653/?utm_source=GNW
However, the increased complexity of frauds can hamper growth.
Services segment will grow at a higher CAGR during the forecast period
Services for the FDP market include professional services and managed services. Professional services include consulting services, training and education services, as well as support and maintenance services.
FDP services enhance the security of organizations. These services help organizations make sound security decisions to proactively combat emerging fraudulent attacks.
Companies, such as Nice Actimize, BAE Systems, ACI Worldwide, Ingenico and FRISS, provide services to their customers. These companies proactively help detect and recommend appropriate solutions to resolve cases of fraud and FDP.
FDP services help collect, filter, integrate, and link data from multiple security events to provide a holistic view of the security infrastructure in organizations.
On-premise segment to represent higher market share over the forecast period
On-premise deployment mode allows organizations to control all of their business systems and data located in their business premises; However, it also forces them to pay the cost of hardware, software, and other resources used for on-site maintenance. On-premises solutions give organizations full control over platforms, applications, systems, and data, which can be managed and managed by their IT staff.
In organizations where user credentials are critical to business operations, the adoption of the on-premises deployment mode is higher because it can control the systems from the physical or owned location of the company.
Asia-Pacific is expected to grow at the highest CAGR during the forecast period
The Asia-Pacific (APAC) FDP market is expected to grow at the highest CAGR during the forecast period. North America represents the highest share of the FDP market in 2020.
The factors complementing this growth are organic and inorganic growth strategies among major FDP vendors and the well-maintained distribution system of FDP solutions by major FDP players in North America such as Nice Actimize, FICO, LexisNexis, TransUnion, Kount , RSA Security, Fiserv and FIS.
In-depth interviews were conducted with CEOs, Marketing Directors, other Innovation and Technology Directors, and executives from various key organizations operating in the FDP market.
â¢ By type of business: level 1: 35%, level 2: 45% and level 3: 20%
â¢ By designation: level C: 40%, manager and other: 60%
â¢ By region: North America: 20%, Europe: 35%, APAC: 45%
The main suppliers offering the FDP market across the world are BAE Systems (UK), Nice Actimize (US), FICO (US), LexisNexis (US), TransUnion (US), Kount (United States), Software AG (Germany), RSA Security (United States), Fiserv (United States), FIS (United States), ACI Worldwide (United States), Experian (Ireland), SecuroNix (United States United States), Accertify (United States), Feedzai (United States), CaseWare (Canada), FRISS (Netherlands), MaxMind (United States), Gurucul (United States), DataVisor (United States) , PayPal (United States), Visa (United States), SAS institute (United States), SAP SE (Germany), Microsoft Corporation (United States), F5, Inc (United States), Ingenico (France) , AWS (US), PerimeterX (US), OneSpan (US), Signifyd (US), Cleafy (Italy) and Pondera Solutions (US).
The study includes an in-depth competitive analysis of major players in the FDP market, with their company profiles, recent developments, and key market strategies.
The market research covers the FDP market size across segments. It aims to estimate the market size and growth potential of this market across different segments: component, application, deployment, end user type and region.
The study also includes an in-depth competitive analysis of key market players, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Main advantages of purchasing the report
The report will help the market leaders / new entrants in this market with information on the closest approximations to revenue figures for the entire FDP market and sub-segments. This report will help stakeholders understand the competitive landscape and gain more insight to better position their businesses and plan suitable go-to-market strategies.
The report also helps stakeholders to understand the market pulse and provides them with information on key market drivers, restraints, challenges, and opportunities.
Read the full report: https://www.reportlinker.com/p05100653/?utm_source=GNW
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