Fraud Detection and Prevention (FDP) Market by Solution, Service, Application Area, Organization Size, Vertical, Region - Global Forecast to 2023
BAE SYSTEMS PLC S/ADR (BAESY)
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Source: GlobeNewswire
Dublin, Dec. 05, 2018 (GLOBE NEWSWIRE) -- The "Fraud Detection and Prevention (FDP) Market by Solution (Fraud Analytics, Authentication, and Governance), Service, Application Area (Identity Theft, Payment Frauds, Money Laundering), Organization Size, Vertical, Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering. The global fraud detection and prevention (FDP) market size is expected to grow from USD 19.5 billion in 2018 to USD 63.5 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 26.6% during the forecast period. Major growth factors for the market include increasing revenue losses for organizations due to the rising fraudulent attacks, increasing use of electronic transactions across verticals, and an increasing sophistication level of cyber-attacks. However, lack of skilled security professionals and lack of integration capabilities may restrain the market growth. Fraud analytics segment to grow at the highest CAGR
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