| Product Code: ETC4387301 | Publication Date: Jul 2023 | Updated Date: Feb 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The UAE Fraud Detection and Prevention (FDP) Market is growing in response to the increasing sophistication of fraudsters and the need to protect businesses and customers from financial losses. FDP solutions are crucial in identifying and mitigating fraudulent activities across various industries, including banking, e-commerce, and insurance. The UAE financial services sector, in particular, is investing heavily in FDP solutions to combat fraud and enhance customer trust. As financial transactions and online activities continue to rise, the FDP market in the UAE is expected to expand to counter emerging fraud threats and safeguard the economy.
The UAE Fraud Detection and Prevention (FDP) market are seeing substantial growth due to the rising sophistication of fraudsters and cybercriminals targeting businesses and individuals in the country. With the expansion of digital payment systems and online transactions, the risk of financial fraud has increased significantly. This has prompted organizations to adopt advanced FDP solutions to safeguard their financial assets and reputation. Furthermore, regulatory authorities in the UAE are enforcing stricter compliance requirements for financial institutions and businesses, making it necessary for them to invest in comprehensive FDP solutions. The market is also driven by the demand for real-time fraud detection capabilities and the need to protect sensitive customer data.
The Fraud Detection and Prevention Market in the UAE grapple with the ever-evolving tactics of fraudsters in the digital landscape. Detecting sophisticated fraud schemes in real-time while minimizing false positives poses a considerable challenge. The need for advanced analytics, machine learning, and artificial intelligence to stay ahead of fraudsters requires continuous investment in technology and expertise. Moreover, achieving a balance between proactive fraud prevention and seamless user experience remains a persistent challenge for organizations.
The Fraud Detection and Prevention market in the UAE witnessed notable growth during the pandemic. With the increase in fraudulent activities, there was heightened demand for fraud detection solutions. Companies and financial institutions implemented robust fraud detection measures to protect against financial crimes, contributing to market expansion.
Influencing the Fraud Detection and Prevention market in the UAE are major players such as SAS Institute Inc., IBM Corporation, and FICO. These key players offer fraud detection and prevention solutions, helping organizations combat fraudulent activities. Their commitment to advanced analytics, machine learning, and real-time monitoring establishes them as key contributors to the Fraud Detection and Prevention market in the UAE.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 United Arab Emirates (UAE) Fraud Detection and Prevention Market Overview |
3.1 United Arab Emirates (UAE) Country Macro Economic Indicators |
3.2 United Arab Emirates (UAE) Fraud Detection and Prevention Market Revenues & Volume, 2021 & 2031F |
3.3 United Arab Emirates (UAE) Fraud Detection and Prevention Market - Industry Life Cycle |
3.4 United Arab Emirates (UAE) Fraud Detection and Prevention Market - Porter's Five Forces |
3.5 United Arab Emirates (UAE) Fraud Detection and Prevention Market Revenues & Volume Share, By Solution, 2021 & 2031F |
3.6 United Arab Emirates (UAE) Fraud Detection and Prevention Market Revenues & Volume Share, By Service, 2021 & 2031F |
3.7 United Arab Emirates (UAE) Fraud Detection and Prevention Market Revenues & Volume Share, By Verticals, 2021 & 2031F |
3.8 United Arab Emirates (UAE) Fraud Detection and Prevention Market Revenues & Volume Share, By Deployment Mode, 2021 & 2031F |
4 United Arab Emirates (UAE) Fraud Detection and Prevention Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 United Arab Emirates (UAE) Fraud Detection and Prevention Market Trends |
6 United Arab Emirates (UAE) Fraud Detection and Prevention Market, By Types |
6.1 United Arab Emirates (UAE) Fraud Detection and Prevention Market, By Solution |
6.1.1 Overview and Analysis |
6.1.2 United Arab Emirates (UAE) Fraud Detection and Prevention Market Revenues & Volume, By Solution, 2021-2031F |
6.1.3 United Arab Emirates (UAE) Fraud Detection and Prevention Market Revenues & Volume, By Fraud Analytics, 2021-2031F |
6.1.4 United Arab Emirates (UAE) Fraud Detection and Prevention Market Revenues & Volume, By Authentication, 2021-2031F |
6.1.5 United Arab Emirates (UAE) Fraud Detection and Prevention Market Revenues & Volume, By GRC, 2021-2031F |
6.2 United Arab Emirates (UAE) Fraud Detection and Prevention Market, By Service |
6.2.1 Overview and Analysis |
6.2.2 United Arab Emirates (UAE) Fraud Detection and Prevention Market Revenues & Volume, By Managed, 2021-2031F |
6.2.3 United Arab Emirates (UAE) Fraud Detection and Prevention Market Revenues & Volume, By Professional, 2021-2031F |
6.3 United Arab Emirates (UAE) Fraud Detection and Prevention Market, By Verticals |
6.3.1 Overview and Analysis |
6.3.2 United Arab Emirates (UAE) Fraud Detection and Prevention Market Revenues & Volume, By BFSI, 2021-2031F |
6.3.3 United Arab Emirates (UAE) Fraud Detection and Prevention Market Revenues & Volume, By Retail, 2021-2031F |
6.3.4 United Arab Emirates (UAE) Fraud Detection and Prevention Market Revenues & Volume, By eCommerce, 2021-2031F |
6.3.5 United Arab Emirates (UAE) Fraud Detection and Prevention Market Revenues & Volume, By Travel, 2021-2031F |
6.3.6 United Arab Emirates (UAE) Fraud Detection and Prevention Market Revenues & Volume, By Transportation, 2021-2031F |
6.4 United Arab Emirates (UAE) Fraud Detection and Prevention Market, By Deployment Mode |
6.4.1 Overview and Analysis |
6.4.2 United Arab Emirates (UAE) Fraud Detection and Prevention Market Revenues & Volume, By Cloud, 2021-2031F |
6.4.3 United Arab Emirates (UAE) Fraud Detection and Prevention Market Revenues & Volume, By On-premises, 2021-2031F |
7 United Arab Emirates (UAE) Fraud Detection and Prevention Market Import-Export Trade Statistics |
7.1 United Arab Emirates (UAE) Fraud Detection and Prevention Market Export to Major Countries |
7.2 United Arab Emirates (UAE) Fraud Detection and Prevention Market Imports from Major Countries |
8 United Arab Emirates (UAE) Fraud Detection and Prevention Market Key Performance Indicators |
9 United Arab Emirates (UAE) Fraud Detection and Prevention Market - Opportunity Assessment |
9.1 United Arab Emirates (UAE) Fraud Detection and Prevention Market Opportunity Assessment, By Solution, 2021 & 2031F |
9.2 United Arab Emirates (UAE) Fraud Detection and Prevention Market Opportunity Assessment, By Service, 2021 & 2031F |
9.3 United Arab Emirates (UAE) Fraud Detection and Prevention Market Opportunity Assessment, By Verticals, 2021 & 2031F |
9.4 United Arab Emirates (UAE) Fraud Detection and Prevention Market Opportunity Assessment, By Deployment Mode, 2021 & 2031F |
10 United Arab Emirates (UAE) Fraud Detection and Prevention Market - Competitive Landscape |
10.1 United Arab Emirates (UAE) Fraud Detection and Prevention Market Revenue Share, By Companies, 2024 |
10.2 United Arab Emirates (UAE) Fraud Detection and Prevention Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |