Fraud Detection Software Developers in the US - Industry Market Research Report

Fraud Detection Software Developers in the US - Industry Market Research Report

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.