The article cited AMA's Global Fraud Analytics Software Market Study explored substantial growth with CAGR of 14.8%. According the report, Increasing Use of Big Data Analytics and Artificial Intelligence in Fraud Detection
is one of the primary growth factors for the market. Increasing Use of Electronic Transactions
is also expected to contribute significantly to the Fraud Analytics Software market. Overall, Telecommunication
applications of Fraud Analytics Software, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as IBM (United States), FICO (United States), Oracle (United States), SAS Institute (United States), BAE Systems (United Kingdom), DXC Technology (United States), SAP (Germany), ACI Worldwide (United States), Fiserv (United States) and ThreatMetrix (United States) may see astonishing sales in this Market and certainly improve revenue growth.
The Organization Size, such as SMEs Enterprises, is boosting the Fraud Analytics Software market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Deployment Type, such as Cloud, is boosting the Fraud Analytics Software market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Fraud Analytics Software market identified that the demand is rising in many different parts of the world as "Several Government Initiatives in the Use of Digital Technologies and Digital Banking for Payments". Furthermore, some recent industry insights like "In June 2023, Kyndryl announced that it has implemented a suite of technology services for ClaimSearch Israel Ltd., a subsidiary of Verisk (NASDAQ: VRSK), Israel's official fraud detection database operator for the country’s compulsory insurance market." is constantly making the industry dynamic. One of the challenges that industry facing is "Increasing Difficulty in Detecting Fraudulent Activities at an Early Stage and High Cost Associated With Deploying Fraud Analytics Software"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of Fraud Analytics Software market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of Fraud Analytics Software market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the Fraud Analytics Software market tight? Which application/end-user category or Product Type [Predictive Analytics Software, Customer Analytics Software, Social Media Analytics Software, Big Data Analytics Software and Behavioral Analytics Software] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Fraud Analytics Software market and other related sub-markets covered in the study.
o Key & emerging players in the Fraud Analytics Software market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Fraud Analytics Software market size is calculated using market estimation process, the Fraud Analytics Software market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Fraud Analytics Software market size has been validated using both top-down and bottom-up approaches.