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Anti-Fraud Management System Market: by Component (Solutions, and Services) by End User (Small & Medium Enterprises (SMEs), Large Enterprises) by Industry Vertical (Retail, BFSI, IT & Telecom, Healthcare, Government Sector, Energy and Power, Manufacturing, and Others)-Global Industry Analytics, COVID-19 Business Impact, and Trends, 2020 – 2029.

  • TBI125889
  • July 24, 2020
  • Global
  • 132 pages
  • SAC Insights
                                              Abstract
                    
Growing online shopping customers across the world has led to retailers selecting cashless payment solutions. In 2017, the global e-commerce retail sales were at USD 2.3 Trillion as compared to USD 1.8 Trillion in 2016. This number is projected to rise owing to the trend of online mobile shopping. Further, the adoption of artificial intelligence (AI) by various retailers in their business activities is also fueling the market demand. Amazon.com, Inc. announced its plans to use AI in its new “Amazon Go” grocery stores. Bearing in mind these advancements, the annual number of frauds that online retailers have witnessed is increasing. In 2017, the “National Retail Federation” conducted a survey in which the U.S. retail return fraud for all merchants was around USD 15 Billion. This has led to retailers opting for solutions that can help them in preventing scams and reduce losses. Thus, the upsurge of anti-fraud management system market is imminent over the forecast timespan.

Governments of numerous countries are encouraging the usage of technology that will streamline various processes. Some of the common scams that the U.S. government has to cope with are tax and social security fraud, investment frauds, immigration fraud, and many more. Companies such as SAS Institute Inc. are offering solutions that are specifically designed for government agencies. However, lack of knowledge about the benefits of these systems is proving to be a major hurdle for the market growth. It is expected that increasing adoption of internet of things (IoT) in the manufacturing sector will open new avenues for the market in near future.

Anti-fraud management system market is segmented on the basis of component, end user, industry vertical, and region. On the basis of industry vertical, the market is further divided into BFSI, retail, healthcare, IT & telecom, energy and power, government sector, manufacturing, and others. The retail segment is projected to hold a substantial chunk of the market considering the growth of e-commerce. The BFSI sector is anticipated to grow at a noteworthy rate. This growth is attributed to the adoption of cashless payments and digitalization of data.

Asia Pacific region will grow at a substantial rate in the global anti-fraud management system market till 2025. China and India are projected to witness huge demand for the market in this region. Adoption of technology in various sectors and considerable economic growth will fuel the demand for these solutions over the coming years. Europe will maintain its share in the market between 2019 and 2025 due to the growing demand in manufacturing sector.

Prominent players in anti-fraud management system market are Oracle Corporation, SAP SE, SAS Institute Inc., BAE Systems plc, IBM Corporation, ACI Worldwide Inc., Fair Isaac Corporation, Fiserv, Inc., Capgemini, and Computer Sciences Corporation among others. Major organizations such as SAP SE, Oracle Corporation, and IBM Corporation are focusing on developing customized solutions with additional features for the BFSI sector. Additional features offered in their solutions include real-time monitoring, cognitive computing, and helping organizations to in doing business with forbidden companies by screening them with the list provided by government and international organizations.

The report segment of global anti-fraud management system market as follows:

Global Anti-Fraud Management System Market: Component Segment Analysis

	Solutions
	Services

Global Anti-Fraud Management System Market: End User Segment Analysis

	Small & Medium Enterprises (SMEs)
	Large Enterprises

Global Anti-Fraud Management System Market: Industry Vertical Segment Analysis

	Retail
	BFSI
	IT & Telecom
	Healthcare
	Government Sector
	Energy and Power
	Manufacturing
	Others

Global Anti-Fraud Management System Market: Regional Segment Analysis

	North America
	
		U.S.
	
	
	Europe
	
		UK
		France
		Germany
	
	
	Asia Pacific
	
		China
		Japan
		India
	
	
	Latin America
	
		Brazil
	
	
	Middle East and Africa 

Table of Contents
                    
                    
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	Chapter 1. Preface
	
		1.1. Report Description and Scope
		1.2. Research Scope
		1.3. Research Methodology
		
			1.3.1. Market Research Process
			1.3.2. Market Research Methodology
		
		
	
	
	Chapter 2. Executive Summary
	
		2.1. Anti-Fraud Management System Market, 2016-2025 (USD Million)
		2.2. Anti-Fraud Management System Market: Snapshot
	
	
	Chapter 3. Anti-Fr
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