Technavio's latest market research report on the global fraud risk management services marketprovides an analysis of the most important trends expected to impact the market outlook from 2018-2022. Technaviodefines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.
This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20180302005696/en/
Technavio has published a new market research report on the global fraud risk management services market 2018-2022 under their ICT library. (Graphic: Business Wire)
According to Technavio analysts, the global fraud risk management services market will grow at a CAGR of over 18% during the forecast period. The need for protection against online frauds is a major factor driving the market's growth.
The growing incidence of email fraud poses a substantial threat to financial institutions, web retailers, and their customers. Therefore, vendors are providing services to mitigate these frauds through a combination of measures, including consumer education, fraudulent email detection and blocking, and desktop computer security assessment. For example, Symantec's Symantec Online Fraud Management Solution includes each of these key elements while providing consumers with security services and products.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
Save more with Technavio. Buy2 reports and get the third for FREEView all Technavio's current offers
In this report, Technavio highlights the use of analytics in fraud detection as one of the key emerging trends driving the global fraud risk management services market:
Use of analytics in fraud detection
Nowadays, many analytical tools and techniques can be used to detect fraud. Using analytics to detect fraud can be a complex process as they need to be executed in real time and in a dynamic framework. Firstly, the enterprise must retrieve and store data. After the data is stored, it is then analyzed for trends, patterns, and anomalies that are different from the normal patterns. After that, the anomalies should be deciphered into meaningful business insights, which can be used by an enterprise to predict potential dangers, thus enabling them to build proactive fraud prevention solutions and tackle fraud effectively.
According to a senior analyst at Technavio for enterprise application research, "Analytics can help enterprises in tackling large-scale incidence of frauds and help them in achieving operational transparency. An enterprise can use analytics to test transactions against established parameters across systems and data sources. Hence, analytics can help in detecting frauds before they abruptly affect the business of an enterprise."
Looking for more information on this market? Request a free sample report
Technavio's sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Global fraud risk management services market segmentation analysis
This market research report segments the global fraud risk management services market by end-users (SMEs and large enterprises) and key regions (the Americas, APAC, and EMEA).
In 2017, the Americas accounted for the largest market share, with over 37%, followed by EMEA and APAC respectively. The market share of the Americas is expected to decline by over 2% over the forecast period because of market saturation. The fraud risk management services have been adopted by many SMEs and large enterprises in the Americas during the early stages of their introduction. APAC is expected to witness a significant increase in its market share amounting to over 3% by 2022.
Technavio's best deal of the month! Get 20% off on all Media and Entertainment Services reports. Offer valid only till the 31st of March.
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at media@technavio.com
View source version on businesswire.com: http://www.businesswire.com/news/home/20180302005696/en/
Contacts:
Technavio Research
Jesse Maida
Media Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com
