What are our data sources?
We use the data sources on the side for ranking solutions and awarding badges in fraud detection software category. Our data sources in fraud detection software category include;
Fraud detection software helps businesses to identify illegitimate and fraudulent financial activity through statistical data analysis or artificial intelligence (AI).
If you’d like to learn about the ecosystem consisting of Fraud Detection Software and others, feel free to check AIMultiple Cybersecurity.
AIMultiple is data driven. Evaluate 81 services based on
comprehensive, transparent and objective AIMultiple scores.
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calculated based on objective data.
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We use the data sources on the side for ranking solutions and awarding badges in fraud detection software category. Our data sources in fraud detection software category include;
review websites
social media websites
search engine data for branded queries
According to the weighted combination of 7 data sources
Signifyd
Kount Complete
Sift
Riskified
CGI HotScan360
Taking into account the latest metrics outlined below, these are the current fraud detection software market leaders. Market leaders are not the overall leaders since market leadership doesn’t take into account growth rate.
Signifyd
Riskified
Kount Complete
Sift
ClearSale
These are the number of queries on search engines which include the brand name of the solution. Compared to other Cybersecurity categories, Fraud Detection Software is more concentrated in terms of top 3 companies’ share of search queries. Top 3 companies receive 96%, 13% more than the average of search queries in this area.
97 employees work for a typical company in this solution category which is 76 more than the number of employees for a typical company in the average solution category.
In most cases, companies need at least 10 employees to serve other businesses with a proven tech product or service. 49 companies with >10 employees are offering fraud detection software. Top 3 products are developed by companies with a total of 300k employees. The largest company building fraud detection software is IBM with more than 300,000 employees.
Taking into account the latest metrics outlined below, these are the fastest growing solutions:
Signifyd
Sift
CGI HotScan360
IdentityGuard™ On-Premise by Entrust Datacard
Kount Complete
We have analyzed reviews published in the last months. These were published in 4 review platforms as well as vendor websites where the vendor had provided a testimonial from a client whom we could connect to a real person.
These solutions have the best combination of high ratings from reviews and number of reviews when we take into account all their recent reviews.
This data is collected from customer reviews for all Fraud Detection Software companies. The most positive word describing Fraud Detection Software is “Easy to use” that is used in 9% of the reviews. The most negative one is “Difficult” with which is used in 2.00% of all the Fraud Detection Software reviews.
According to customer reviews, most common company size for fraud detection software customers is 1-50 Employees. Customers with 1-50 Employees make up 44% of fraud detection software customers. For an average Cybersecurity solution, customers with 1-50 Employees make up 33% of total customers.
These scores are the average scores collected from customer reviews for all Fraud Detection Software. Fraud Detection Software is most positively evaluated in terms of "Overall" but falls behind in "Likelihood to Recommend".
This category was searched on average for 736 times per month on search engines in 2022. This number has decreased to 590 in 2023. If we compare with other cybersecurity solutions, a typical solution was searched 736 times in 2022 and this decreased to 590 in 2023.