Global Financial Crime and Fraud Management Solutions Market – Forecast and AnalPosted by sandip jagtap on July 15th, 2021 Global Financial Crime and Fraud Management Solutions Market was XX US$ Bn in 2019 and is expected to reach XX US$ XX Bn by 2026, at a CAGR of XX% during the forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region. Global Financial Crime and Fraud Management Solutions Market To know about the Research Methodology:-Request Free Sample Report Globally, financial institutions have spent .28 trillion in 12-month period to combat financial crime. Impact on business is significant, with combined revenue lost due to financial crime estimated to be .45 trillion in the same time period. Financial crime is big business – and it’s not something that organizations can turn a blind eye to. You only have to look at the recent Westpac saga in Australia to see how financial crime and its implications can be severely damaging for not just financial organizations, but also their customers. The global market growth is provident concerning unjustified crime and concept of financial crime, which is changing constantly, in contexts of social and technical aspects surrounding financial transaction. Financial crime is listed in large sectors like fraud, tax evasion, embezzlement, forgery, counterfeiting, and identity theft. The main method by which officials currently combat financial crime is extensive monitoring through the use of technology. Global financial crime and fraud management solutions market is obliged to foresee increasing capital in digital banking services and cashless transactions. This popularity of financial crime and fraud management solution is mandatory owing to great losses in sectors where involvement of money and business come into play. Big capital and companies are facing 60% to 70% loss because of fraud and other crimes. The report covers insights like detail study of different ways in which hardware, software and service are changing the facts and making a dynamic market around the globe. Business use verity of fraud recognition and protection methods as rely on passwords around the globe. New ways of crime in hardware, which has opened the market for better technology i.e., advanced biometrics. Consumer’s trust is most important in global financial crime and fraud management solution market. Software segment is expecting 45% to 50% demand in banking, private, government and others in forecast period. In service sector like BPO, KPO and outsourcing companies need advanced fraud detection and mitigation technology. Survey of countries around the globe results in demand, where more than average 66.36% of end-users feel protected by using fraud detection technology. Report covers recent knowledge on the developments in financial crime and fraud management solutions, and how technology is becoming the biggest catalyst for market players. Based on end-user Global Financial Crime and Fraud Management Solutions Market is oriented into Banks, Specialty Finance, Credit unions, Thrifts and Others. Banks and corporate business segment is expected to manifest highest market share during forecast period to avoid damage for financial frauds and crimes. This report can arm decision-makers with value-based information to meet the dynamic needs of various end users, and eventually upmarket their position in this highly-competitive industry. However, the startup infrastructure to financial crime and fraud management solution is relatively high, as it needs to be integrated with conventional system of banking and financial institution or with government projects. It may hamper productivity during initial stage, as it might take time to adapt to these solutions. Many areas to cover and concentrate, such facts and factors are expected to restrain the market growth during forecast period. Geographically, Global financial crime and fraud solutions market is directed into APAC, North America, Europe, MEA and Africa. If we consider the world population and increasing youth population in APAC, which eventually lead the market with XX % CAGR during forecast period, as it holds more than half of the world’s population and dominant key player in demand of financial crime and fraud management solutions. Also developing countries are experiencing huge number of foreign investments, which led to develop infrastructure to reduce financial crime and frauds. Victims rage from individual, corporation, thus affecting entire society. By segmentation report targets 80% of big corporation and individual suffered from effect of serious financial crimes in 2019 and forecast the benefits of global financial crime and fraud management solutions market. The objective of the report is to present a comprehensive analysis of the Global Financial Crime and Fraud Management Solutions Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by Vehicle. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by Vehicle on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Financial Crime and Fraud Management Solutions Market dynamics, structure by analyzing the market segments and project the Global Financial Crime and Fraud Management Solutions Market size. Clear representation of competitive analysis of key players by Type, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Financial Crime and Fraud Management Solutions Market make the report investor’s guide. • Global Financial Crime and Fraud Management Solutions Market analysis and forecast, in terms of value. • Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Financial Crime and Fraud Management Solutions Market • Global Financial Crime and Fraud Management Solutions Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided. • Global Financial Crime and Fraud Management Solutions Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study. • Global Financial Crime and Fraud Management Solutions Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation. • Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled. • Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Financial Crime and Fraud Management Solutions Market are also profiled. The report has considered the base year of 2019 and past four years trend. 2020 figures are at actuals, however due to different dynamics of year 2020, market forecast is not only dependent upon 2020, but on the basis of 2016-2020. Global Financial Crime and Fraud Management Solutions Market , by application. • Hardware • Banks • APAC • IBM Corporation For More Information Visit @: About Maximize Market Research: Like it? Share it! More by this author |
