Fraud Detection And Prevention Market Share

Market Share of Fraud Detection And Prevention Industry

The fraud detection and prevention market is fragmented and very competitive. The major players in the market are SAP SE, IBM Corporation, SAS Institute Inc., ACI Worldwide Inc., and many more. However, owing to significant innovations in product lines, only some new entrants are attracting major investments into the market.

• In March 2024, ACI Worldwide (ACI) announced a strategic partnership with comforte AG (comforte AG) to support customers' compliance with PCI DSS (Payment Card Industry Data Security) standards. ACI and Comforte will work together to meet the new PCI DSS standards (v4.0). As part of the partnership, Comforte will provide ACI with data-centric solutions that ACI has thoroughly tested to ensure they are interoperable with ACI solutions.

• In October 2023, Fiserv announced that it had acquired Skytef, a leading distributor of Software Express' SiTef® in Brazil, from Fiserv. Skytef brings Fiserv's distribution network in Brazil to over 1,000 partners, including more than 600 Independent Software Vendors (ISVs) and 27,000 merchants.

Fraud Detection and Prevention Market Leaders

1. SAP SE

2. IBM Corporation

3. SAS Institute Inc.

4. ACI Worldwide Inc.

5. Fiserv Inc.

*Disclaimer: Major Players sorted in no particular order