Safe and sound: The industry will continue robust growth as cybercriminals innovate their methods

The Fraud Detection Software Developers industry comprises companies that develop software to detect fraudulent payments to clients. The rise of internet enabled solutions have triggered an explosion of data, including sensitive personal information like social security numbers. This has also spurred a rise in cybercrime, prompting companies to act to ensure their data is not put at risk. Data breaches among major US retailers have shed light on the widespread nature of fraud, often accompanied by severe financial losses and damaged reputations. Card issuers are issuing new cards that, by adhering to new EMV standards, are expected to facilitate worldwide interoperability and enhance security...purchase to read more.

Industry Statistics & Market Size
Revenue
$1bn
Annual Growth 12-17
20.0%
Forecast Growth 17-22
Profit
Employment
20,895
Businesses
369

Industry Threats & Opportunities

  • Data breaches among major US retailers have shed light on the widespread nature of fraud
  • Companies have moved away from real-time analytics to predictive analytics
  • As web-enabled devices become more prevalent, new opportunities will arise for industry operators
  • Industry Report - Industry Analysis Chapter

    Technological advancements and innovations over the past decade have led to a substantial rise of data stored in the servers and through the cloud. With the rise in internet enabled solutions and cloud services, as well as the high preference for digital data, consumers are sharing more personal information than ever before, including financial information such as credit card and bank account numbers. Analysis of the data has become gradually more complex and many industries, including banking and financial services, insurance, health, telecommunications and government, have become more vulnerable to fraud and other cybercrimes. Str...purchase to read more.

    Additional Insights for the Fraud Detection Software Developers Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Fraud Detection Software Developers Industry are

  • Undertaking technical research and development
  • Access to highly skilled workforce
  • Protection of patents
  • IBISWorld analysts also discuss how external factors such as Percentage of services conducted online and Corporate profit in the Fraud Detection Software Developers industry impact industry performance..

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    What's in this report

    What is the Fraud Detection Software Developers Industry?

    This industry includes businesses that develop software to detect fraudulent payments made to clients. The software also protects against fraudulent payments.

    Industry Products
  • Predictive analytics
  • Real-time analytics
  • Cloud, cross-channel and other solutions
  • Industry Activities
  • Support the detection, analytics and management of fraud across users, accounts, products, processes and channels
  • Monitor and analyze user activity and behavior at the application level
  • Watch what transpires inside and across accounts
  • Analyze behavior among related users, accounts or other entities
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Percentage of services conducted online
  • Corporate profit
  • Crime rate
  • Number of mobile internet connections
  • Prime rate

  • Current Performance
  • Security breach
  • Going online and mobile
  • A step ahead
  • Chip replacement
  • Industry landscape
  • Chart: Revenue Growth

  • Industry Outlook
  • Going mobile and getting smart
  • The cloud
  • New markets
  • EMV standard
  • Increasing and changing landscape
  • Table: Fraud Detection Software Developers Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Fraud Detection Software Developers Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Retail Trade
  • Information
  • Finance and Insurance
  • Healthcare and Social Assistance

  • Key Selling Industries
  • Business Analytics & Enterprise Software Publishing
  • Intellectual Property Licensing
  • Operating Systems & Productivity Software Publishing

  • Products & Services
  • Predictive analytics
  • Real-time analytics
  • Cloud, cross-channel and other solutions
  • Chart: Fraud Detection Software Developers Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Companies earning less than $5.0 million of annual revenue
  • Companies earning greater than $100.0 million of annual revenue
  • Companies earning between $5.0 and $25.0 million of annual revenue
  • Companies earning between $25.0 and $100.0 million of annual revenue
  • Chart: Major Market Segmentation for the Fraud Detection Software Developers Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Additional expenses
  • Chart: Cost Structure Benchmarking – Sector vs Fraud Detection Software Developers

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Fraud Detection Software Developers Industry

  • Industry Globalization
    SAS Institute Inc., NICE Systems Limited, Fair Isaac Corporation,
  • Table: SAS Institute Inc. - financial performance
  • Table: NICE Systems Limited - financial performance
  • Table: Fair Isaac Corporation - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Fraud Detection Software Developers Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Fraud Detection Software Developers Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Percentage of services conducted online (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Breach
  • An incident that results in the disclosure or potential exposure of data.
  • Data Disclosure
  • A breach in which it was confirmed that data was actually disclosed (not just exposed) to an unauthorized party.
  • Data Mining
  • Using software to look for patterns in large batches of data to uncover valuable information.
  • E-Commerce
  • Business-to-consumer and business-to-business commerce conducted by way of the internet or other electronic networks.
  • Fraud
  • Any illegal act characterized by deceit, concealment or violation of trust.
  • Incident
  • A security event that compromises the integrity, confidentiality or availability of an information asset.
  • M-Commerce
  • The use of wireless handheld devices, such as cellular phones and laptops, to conduct commercial transactions online.
  • Occupational Fraud
  • An employee's misuse or abuse of his position for his own enrichment by intentional misappropriation or misuse of company assets.
  • Predictive Analytics
  • The practice of extracting information from existing data sets to determine patterns and predict future outcomes and trends.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Fraud Detection Software Developers Industry Research Report contains up-to-date data and analysis, allowing you to identify the strengths and potential weaknesses of major companies in the industry. Build your credibility with clients and prospects by sharing insights into the current and emerging trends driving their industry. Our market research gives you the tools to win new business and keep existing clients.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
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    This report on Fraud Detection Software Developers:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Fraud Detection Software Developers market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Fraud Detection Software Developers, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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