£1.5bn
£XX.Xm
6,917
352
£XXX.Xm
The number of activities conducted on the web, including online commerce and online banking, has surged, triggering an explosion of data tools and software, including software designed to ensure that sensitive personal information and payment card information are kept safe. As organised crime schemes have become increasingly sophisticated, fraud detection software has followed suit. The growth in artificial intelligence has shifted industry interest from rule-based systems to systems powered by machine learning software.
Industry revenue has grown at a CAGR of 15.5 % over the past five years, to reach an estimated £1.5bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2025 | Revenue (£m)
2025 |
---|---|---|
Featurespace Ltd | 63.5 | |
GB Group plc | 47.0 | |
Sycurio Ltd | 21.2 |
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Industry revenue is measured across several distinct product and services lines, including Card fraud detection software, Anti-money laundering software and Identity theft protection software. Card fraud detection software is the largest segment of the Fraud Detection Software Developers in the UK.
Card fraud detection software and card-not-present fraud have flourished alongside technological development
Companies in the industry develop software systems that detect and prevent fraudulent activities. Industry products include software that detects payment card fraud, anti-money laundering software, identity theft protection software, as well as insurance and subscription fraud detection tools. The design of cyber security software does not fall under this industry.
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SIC 62.01 - Fraud Detection Software Developers in the UK
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Surging cybercrime drives demand for software. The Fraud Detection Software Developers industry has thrived as increasing online fraudulent activity necessitates advanced sol...
Learn about an industry's products and services, markets and trends in international trade.
Surging e-commerce fuels growth in demand. The increasing volume of mobile payments and e-commerce sales has led to a greater need for advanced fraud detection software to pr...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Fraud detection software developers seek the most beneficial location. Proximity to vibrant tech ecosystems, investment opportunities and top-tier universities influence wher...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Innovation and pricing are key to staying in demand. Fraud detection software developers focus on churning out cutting-edge technology and setting competitive prices to outpe...
Learn about the performance of the top companies in the industry.
No developers dominate the market. The industry primarily comprises niche developers targeting specific markets, resulting in a fragmented landscape.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Lots of regulations affect fraud detection software developers. Protecting sensitive data is especially key, particularly since the introduction of the General Data Protectio...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
High costs hold profit down. Early-stage start-ups often incur losses because of the investment they have to pour into setting up shop. A shortage of skilled workers further ...
Including values and annual change:
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Key data sources in the UK include:
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The market size of the Fraud Detection Software Developers in the UK industry in United Kingdom is £1.5bn in 2024.
There are 352 businesses in the Fraud Detection Software Developers in the UK industry in United Kingdom, which has grown at a CAGR of 13.9 % between 2019 and 2024.
The market size of the Fraud Detection Software Developers in the UK industry in United Kingdom has been growing at a CAGR of 15.5 % between 2019 and 2024.
Over the next five years, the Fraud Detection Software Developers in the UK industry in United Kingdom is expected to grow.
The biggest companies operating in the Fraud Detection Software Developers market in United Kingdom are Featurespace Ltd, GB Group plc and Sycurio Ltd
Card fraud detection and Anti-money laundering are part of the Fraud Detection Software Developers in the UK industry.
The company holding the most market share in United Kingdom is Featurespace Ltd.
The level of competition is moderate and increasing in the Fraud Detection Software Developers in the UK industry in United Kingdom.