Fraud Detection Software Developers in the US - Industry Market Research Report
Description
Fraud Detection Software Developers in the US
Since the dawn of commerce, fraudsters have redirected, skimmed and faked transactions at the expense of merchants and customers. Especially since the 21st century and the dawn of e-commerce, fraud losses have spiked. While fraud detection software companies cannot eliminate financial fraud, their intelligent systems sit behind payment terminals, considering all relevant data from a transaction before and after deciding to authorize it. Fraud detection software also reconsiders transactions at a broader level, alerting banks and governments to nation-level fraud, terrorist financing and other extreme crimes. Fraud detection software performed exceptionally well over the five years to 2023, with revenue rising at a CAGR of 12.9% to $11.8 billion, including anticipated growth of 6.7% in 2023.
This industry includes businesses that develop software to detect fraudulent payments made to clients. The software also protects against fraudulent payments.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Since the dawn of commerce, fraudsters have redirected, skimmed and faked transactions at the expense of merchants and customers. Especially since the 21st century and the dawn of e-commerce, fraud losses have spiked. While fraud detection software companies cannot eliminate financial fraud, their intelligent systems sit behind payment terminals, considering all relevant data from a transaction before and after deciding to authorize it. Fraud detection software also reconsiders transactions at a broader level, alerting banks and governments to nation-level fraud, terrorist financing and other extreme crimes. Fraud detection software performed exceptionally well over the five years to 2023, with revenue rising at a CAGR of 12.9% to $11.8 billion, including anticipated growth of 6.7% in 2023.
This industry includes businesses that develop software to detect fraudulent payments made to clients. The software also protects against fraudulent payments.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
43 Pages
- TABLE OF CONTENTS
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Search Inside Report
Pricing
Currency Rates
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