The US eCommerce fraud prevention market is on a growth trajectory: eCommerce sales are expected to generate more than $700 billion in the United States by 2023. However, the online environment has emerged as the preferred channel for fraudulent transactions, given that card-not-present payments present various opportunities. By analyzing various data sources to identify unusual behavior or high-risk transactions through rule-and/or analytics-based methodologies, eCommerce fraud prevention solutions provide the core intelligence essential to help organizations address fraud and security challenges.
Protecting retailers from eCommerce fraud by identifying high-risk transactions, and supporting and protecting newer service delivery experiences, are key focus areas for the eCommerce fraud prevention solution providers.
Frost & Sullivan’s research indicates that eCommerce fraud prevention solutions focused primarily on static data and rule-based analytics to address transaction fraud are inadequate for preventing sophisticated fraud mechanisms. There is a clear need for behavioral, analytics-based fraud management solutions that can leverage the power of machine learning and artificial intelligence to identify threats and assist with timely decision-making for fraud prevention.
The ability to collect, create and augment data from across verticals, industries, various sizes of companies, locations, and types of products to find patterns and behaviors that would otherwise be hidden if the data were only across one network, vertical, or location is imperative. Ultimately, it is not just the amount of data that is collected: what the provider is able to do with the data is what matters for successful eCommerce fraud prevention.
The Frost Radar reveals the market positioning of companies in an industry using their Growth and Innovation scores as highlighted in the Frost Radar methodology. The document presents competitive profiles on each of the companies in the Frost Radar based on their strengths, opportunities, and a small discussion on their positioning. Frost & Sullivan analyzes hundreds of companies in the industry and benchmarks them across 10 criteria on the Frost Radar, where the leading companies in the industry are then positioned. Industry leaders on both the Growth and Innovation indices are recognized as best practice recipients.
Author: Vikrant Gandhi
Market Overview
Market Overview (continued)
Market Overview (continued)
The Frost Radar
Description of Companies Plotted
Description of Companies Plotted (continued)
Description of Companies Plotted (continued)
Accertify
ACI Worldwide
Bolt Financial, Inc.
CyberSource
Forter
FraudLabs Pro
Kount
Riskified
Sift
Signifyd
FIS
The Last Word—Key Takeaways
Legal Disclaimer
Frost Radar—2 Major Indices, 10 Analytical Ingredients, 1 Platform
Frost Radar—2 Major Indices, 10 Analytical Ingredients, 1 Platform (continued)
Frost Radar—C2A
Frost Radar™: Benchmarking Future Growth Potential 2 Major Indices, 10 Analytical Ingredients, 1 Platform
Growth Index
Growth Index (GI) is a measure of a company’s growth performance and track record, along with its ability to develop and execute a fully aligned growth strategy and vision; a robust growth pipeline system; and effective market, competitor, and end-user focused sales and marketing strategies.
- Market Share (previous 3 years)
This is a comparison of a company’s market share relative to its competitors in a given market space for the previous 3 years. - Revenue Growth (previous 3 years)
This is a look at a company’s revenue growth rate for the previous 3 years in the market/industry/category that forms the context for the given Frost Radar™. - Growth Pipeline
This is an evaluation of the strength and leverage of a company’s growth pipeline system to continuously capture, analyze, and prioritize its universe of growth opportunities. - Vision and Strategy
This is an assessment of how well a company’s growth strategy is aligned with its vision. Are the investments that a company is making in new products and markets consistent with the stated vision? - Sales and Marketing
This is a measure of the effectiveness of a company’s sales and marketing efforts in helping it drive demand and achieve its growth objectives.
Innovation Index
Innovation Index (II) is a measure of a company’s ability to develop products/ services/ solutions (with a clear understanding of disruptive Mega Trends) that are globally applicable, are able to evolve and expand to serve multiple markets and are aligned to customers’ changing needs.
- INNOVATION SCALABILITY
This determines whether an organization’s innovations are globally scalable and applicable in both developing and mature markets, and also in adjacent and non-adjacent industry verticals. - RESEARCH AND DEVELOPMENT
This is a measure of the efficacy of a company’s R&D strategy, as determined by the size of its R&D investment and how it feeds the innovation pipeline. - PRODUCT PORTFOLIO
This is a measure of a company’s product portfolio, focusing on the relative contribution of new products to its annual revenue. - MEGATRENDS LEVERAGE
This is an assessment of a company’s proactive leverage of evolving, long-term opportunities and new business models, as the foundation of its innovation pipeline. - CUSTOMER ALIGNMENT
This evaluates the applicability of a company’s products/services/solutions to current and potential customers, as well as how its innovation strategy is influenced by evolving customer needs.
Significance of Being on the Frost Radar™
Companies plotted on the Frost RadarTM are the leaders in the industry for growth, innovation, or both. They are instrumental in advancing the industry into the future.
- GROWTH POTENTIAL
Your organization has significant future growth potential, which makes it a Company to Action. - BEST PRACTICES
Your organization is well positioned to shape Growth Pipeline™ best practices in your industry. - COMPETITIVE INTENSITY
Your organization is one of the key drivers of competitive intensity in the growth environment. - CUSTOMER VALUE
Your organization has demonstrated the ability to significantly enhance its customer value proposition. - PARTNER POTENTIAL
Your organization is top of mind for customers, investors, value chain partners, and future talent as a significant value provider.
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| New Title | US eCommerce Fraud Prevention Market - Growth Opportunities, Analysis, Forecast, North America,2020 |
|---|---|
| New Subtitle | A Measurement System to Spark Companies 2 Action (C2A)—Innovation That Fuels New Deal Flow and Growth Pipelines , E-commerce fraud detection prevention market , Fraud Detection and Prevention Market , Fraud prevention in retail |
| Deliverable Type | Frost Radar |
| No Index | No |
| Podcast | No |
| Author | Vikrant Gandhi |
| Industries | Telecom |
| WIP Number | K470-01-00-00-00 |
| Is Prebook | No |
| GPS Codes | 9755-C4,9705-C1,9657 |
Frost Radar in the US eCommerce Fraud Prevention Market
A Measurement System to Spark Companies 2 Action (C2A)—Innovation That Fuels New Deal Flow and Growth Pipelines , E-commerce fraud detection prevention market , Fraud Detection and Prevention Market , Fraud prevention in retail
10-Jan-2020
North America
Frost Radar
