Press Release
Press Release
The global fraud detection and prevention industry is being driven by the growing adoption of smartphones and the availability of high-speed internet across the globe. The growing applications of machine learning and artificial intelligence and the rapid innovations in the IT sector have significantly boosted the growth of the industry. In developing countries like India, the growing population and rapidly increasing number of active internet users have significantly accelerated the growth of the market. Furthermore, the increased penetration of the key industry players in the Asia Pacific region is also aiding the industry growth. Within the Asia Pacific, various companies in countries such as Japan, South Korea, India, and China are increasing their investments to adopt fraud detection and prevention systems. Over the forecast period, the retail segment is predicted to have a significant growth owing to the growing preference for online transactions over cash to make a purchase.
The growing adoption of fraud detection and prevention solutions in the banking, finance services, and insurance sector is significantly contributing to the industry. In March 2021, SAP SE (NYSE: SAP), one of the key players in the market, reported that Trustpair’s transfer fraud detection solution is now available on SAP Store. SAP brought together SAP App Center and SAP Store into one single marketplace at store.sap.com. Trustpair is a solution for preventing and detecting wire transfer fraud, providing fraud protection, global coverage, business tool integration, and dedicated support and assistance system to the user. It also strengthens procure-to-pay processes within the client’s company to manage fraud risk.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
The major players in the global fraud detection and prevention market are SAP SE, IBM Corporation, SAS Institute Inc., Oracle Corporation, and ACI Worldwide Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
Website: www.expertmarketresearch.com
Email: sales@expertmarketresearch.com
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.