Fraud Detection & Prevention and Anti Money Laundering Market Expected to Reach $21,441.4 Million by 2019, at a CAGR of 17.4% From 2014 to 2019
FORT WORTH, Texas, April 29, 2015 /PRNewswire/ --
The Fraud Detection & Prevention and Anti-Money Laundering Market is expected to grow from $9,622.8 million in 2014 to $21,441.4 million by 2019, at a CAGR of 17.4% during the period under consideration.
Browse through the TOC of the Fraud Detection & Prevention and Anti Money Laundering Market report to get an idea of the in-depth analysis provided. It also provides a glimpse of the segmentations in the market, and is supported by various tables and figures.
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MicroMarket Monitor broadly segments the fraud detection & prevention and anti-money laundering market in terms of solutions into fraud analytics, fraud authentication, GRC solutions, and reporting and visualization tools; by type of users into small and medium enterprises and large enterprises; by industry verticals into banking & financial services & insurance, retail, telecommunication, public/government, healthcare, and energy & utilities, among others; and by geography into the North America, Europe, Asia-Pacific, Middle-East & Africa, And Latin America.
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In order to attain profitability, enterprises have to sustain within strict infrastructure budgets. With the rise in revenue losses because of fraud incidences and money laundering, the demand for fraud detection & prevention and anti-money laundering solutions is also increasing. These solutions not only decrease fraud and money laundering occurrences but also enhance the efficiency and profitability in enterprise processes.
The Fraud Detection & Prevention and Anti Money Laundering market (2014-2019) defines and segments the fraud detection & prevention and anti-money laundering market into various segments with in-depth analysis and forecasting of revenues. This research report also identifies the factors driving this market, various restraints impacting it, along with the future roadmaps.
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The North America Fraud Detection and Prevention Market is estimated to grow from $1.2 billion in 2013 to $2.1 billion in 2019, at a CAGR of 10.0% for the forecast period of 2013-2019. The market is primarily driven by the industrial expansion and rise in fraudulent activities.
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