2014 Spend On Credit, Fraud, Risk & Compliance Data Topped USD19 Billion, Up 6.21% - Burton-Taylor
Burton-Taylor data indicates Anti-Money Laundering (AML)/Know-Your-Customer (KYC) data fastest growing; Fraud Prevention data gaining momentum; Experian largest player; Bloomberg fastest share-gainer
Jun 11, 2015, 11:45 ET
OSPREY, Fla., June 11, 2015 /PRNewswire/ -- Burton-Taylor International Consulting LLC, a recognized leader in information industry market research, strategy and business consulting, is pleased to announce the publication of their new report showing the 2014 global spend for credit, fraud, risk & compliance data/analysis was up 6.21% versus 2013, reaching USD19.7 billion. The Anti-Money Laundering (AML)/Know-Your-Customer (KYC) segment, at USD326.6 million and Fraud Prevention segment, at USD1.9 billion, are the fastest growing, with five-year CAGRs of 18.24% and 14.29% respectively.
The 101-page Burton-Taylor Credit, Fraud, Risk & Compliance Data/Analysis Global Share & Segment Sizing 2015 - Key Competitors, Global Market Share 2010-14, Global Segment Sizing 2010-14 report shows Experian as the overall market and Credit Risk segment leader at USD3.8 billion, while Verisk Analytics continues to lead the Insurance Risk and Fraud Prevention segments, Thomson Reuters leads the fast-growing AML/KYC segment and hard-charging Bloomberg leads the Financial Markets Risk & Compliance segment.
The report also shows that Bloomberg has delivered the greatest share shift, going from 3.09% in 2010 to 5.26% in 2014. Overall, market growth has been widely spread, as established and emerging providers have enjoyed significant revenue increases.
"Credit, Fraud, Risk & Compliance data/analysis has become an incredibly hot industry," says Douglas B. Taylor, Managing Partner of Burton-Taylor. "No vendor addresses all segments, though several tackle more than one; Experian is active in credit risk and fraud prevention, Verisk in insurance risk and fraud, LexisNexis has businesses in insurance, credit risk, fraud as well as AML/KYC, and Thomson Reuters serves financial markets risk and AML/KYC (among other activities)".
"Demand for detailed and accurate information about these increasingly important and highly regulated risk markets continues to accelerate", says report contributor Chris Porter, Director at Porter Walford Consulting. "As the diverse set of competitors, such as Experian, Equifax, Verisk, LexisNexis, TransUnion, FICO, CRIF, Wolters Kluwer, CoreLogic and many others expand their offerings to address a wider set of market segments, clients come to us to help them understand the playing field and spot the opportunities."
The Burton-Taylor Credit, Fraud, Risk & Compliance Data/Analysis Global Share & Segment Sizing 2015 - Key Competitors, Global Market Share 2010-14, Global Segment Sizing 2010-14 report may be purchased by visiting http://www.burton-taylor.com/consulting/research-full.html or by contacting [email protected], +1 646 201-4152.
A free download of the Burton-Taylor Credit, Fraud, Risk & Compliance Data/Analysis Segment and Competitor Market Map – 2015, which includes market share and segment sizing extracts from the research, as well as a complete report Information Kit, may be requested by visiting: http://www.burton-taylor.com/research.html and inputting research sample code CFRCMARKET2015PRN.
About Burton-Taylor International Consulting LLC
Burton-Taylor International Consulting LLC is a recognized leader in information industry market research, strategy and business consulting. B-T Credit, Risk, Compliance, Media Intelligence, PR and Market Data share figures are seen as standards globally. Burton-Taylor clients command an estimated 80% share of global revenue in the Market Data space and include the world's largest information companies and exchange groups, key government organizations and regulatory bodies on multiple continents, the largest advisory firms serving the industry, and more than 30 of the most active private equity and investment companies around the world…all of which using Burton-Taylor data as their industry benchmark. For more information please see: http://www.burton-taylor.com/
Available Topic Expert: Douglas B. Taylor. For information on the listed expert, click here: https://profnet.prnewswire.com/Subscriber/ExpertProfile.aspx?ei=88238
SOURCE Burton-Taylor International Consulting LLC
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