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Fraud Detection Software Developers - Industry Market Research Report

  • April 2016
  • 35 pages
  • Ibisworld
Report ID: 2573510

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



Abstract

Fraud Detection Software Developers

Over the five years to 2016, cybercriminals have been working hard to keep up with technological innovation, divulging the vulnerability of the rising amounts of data and stimulating demand for the Fraud Detection Software Developers industry. Heavy investment in research and development allows the industry to respond quickly to rapid technological changes. Intensifying mobile functionality stimulated the development of mobile fraud detection. The rise of cloud computing inspired cloud-based fraud detection and prevention software, while the eventual ubiquitous presence of web-enabled devices is expected to give rise to new, complex fraud detection models. Data breaches among major US retailers have shed light on the widespread nature of fraud, often accompanied by severe financial losses and damaged reputations. Over the five years to 2021, however, revenue is expected to grow at a slower rate.



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.



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