The Latin America, Middle East and Africa Fraud Detection & Prevention Market would witness market growth of 23.1% CAGR during the forecast period (2017 ? 2023). Fraud detection and prevention systems are software applications used in providing analytical solutions to detect and prevent fraud in uncertain conditions. Significant rise in the fraudulent activities, globally would significantly contribute to the growth of the global fraud detection and prevention market. In addition, growing adoption of advanced analytics techniques and competitive intelligence, and analysis and formation of meaningful insights that enable better business decisions are some the additional factors driving the market growth.
Predictive analytics and big data analytics solutions are the two potential fraud analytics types and would witness considerably higher growth rates over the forecast period. Based on Components, the market report segments the market into Services and Solutions. Solutions market includes Authentication and Fraud Analytics. Authentication market is further segmented into Single Factor Authentication and Multi Factor Authentication. Fraud Analytics is further segmented into Predictive Analytics, Customer Analytics, Social Media Analytics, Big Data Analytics, and Behavioural Analytics.
Based on Organization Sizes, the Latin America, Middle East and Africa Fraud Detection & Prevention market segments the market into Small & Medium Enterprises and Large Enterprises. Based on Deployment Types, the market report segments the market into On Demand and On Premise. Based on Verticals, the market report segments the market into On Demand and On Premise. Based on Countries, the Latin America, Middle East and Africa Fraud Detection & Prevention market segments the market into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the competition analysis of key stake holders of the Latin America, Middle East and Africa Fraud Detection & Prevention Market. Key companies profiled in the report include IBM Corporation, Oracle Corporation, SAS Institute, Inc., Fair Isaac Corporation (FICO), SAP SE, Bae Systems, ACI Worldwide, Inc., NCR Corporation, Martin Dawes Systems Limited (Lavastorm), and ThreatMetrix.
Related Reports:
Global Fraud Detection & Prevention Market
North America Fraud Detection & Prevention Market
Europe Fraud Detection & Prevention Market
Asia Pacific Fraud Detection & Prevention Market
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