Telecom Fraud Management Solutions Market to Reach Almost $600 Million in 2015

Market research report sizes the global market for telecom fraud management solutions that include FMS software, test call generators, credit/fraud identity check services, and managed services.
 
 
TRI's forecasts the market for fraud management solutions in 2015
TRI's forecasts the market for fraud management solutions in 2015
 
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* Fraud Management
* Telecom Software
* SIM box fraud

Industry:
* Telecom

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* Effort of the Poconos - Pennsylvania - US

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EFFORT OF THE POCONOS, Pa. - Aug. 17, 2015 - PRLog -- The telecom industry analyst firm TRI forecasts the global market for telecom fraud management solutions – including software, service bureau, databases, test call generation equipment, and managed services – will reach about $600 million in calendar year 2015.

About two thirds of the solutions market, TRI estimates, is in the Credit/ID and Subscription Application Fraud sector where the business is dominated by global credit and fraud service bureaus.

Second in market size are solutions that monitor and block IRSF, premium rate, and related toll frauds, such as Wangiri.  And third is the growing problem of bypass fraud, particularly SIM box bypass.

The executive summary from the report is available for free download at http://www.technology-research.com/products/fraudmgt/fm_execsum.php

The report, which includes contributions and commentary by 14 industry experts, is written for two groups: people at solution vendor and telecom operator firms.   On the solution vendor side, the report contains rich market trending and competitive intelligence.  For people at telecom or virtual comms providers, the report provides intelligence to help fraud management teams get up to speed on the latest solutions and strategies to combat fraud.

Here are key findings in the report:

IRSF and Premium Rate Fraud

International Revenue Share Fraud (IRSF) and Premium Rate frauds
are getting plenty of attention these days -- that's very welcome news.. The net effect, TRI predicts, is that the financial damage caused by IRSF fraud will decline.

Bypass Fraud

Fraudsters have stepped up their game in Bypass Fraud, especially via the SIM Box.  One technology making this possible is the SIM Server, which allows a fraudster to rotate thousands of SIM cards across multiple target countries.

Credit/ID & Subscription Application Fraud

This refers to the fraudulent ordering of telecom services intent of stealing equipment or never paying for services rendered.  The easy accessibility of digital devices for banking and e-commerce uses has made better fraud detection in this area critical.  Several innovative solutions have either arrived or are under development.

Other Anti-Fraud Solutions

Other fraud solution categories have a relatively small market share today, but may loom large in the years ahead.  In this solutions category are: Insider, Sales & Dealer Fraud Solutions, Anti-Fraud Solutions for Mobile Money and Payments, False Answer Supervision, andConsumer Abuse of Mobile Data Plans.

About the Research Report

Telecom Fraud Management Services, Software & Strategies
is a 239-page market research report that analyses the struggles, challenges, successes, failures, and dreams of those who seek to control fraud in the telecom industry. The report’s emphasis is on solutions: the techniques, technologies, and tools that are working – and not working – to prevent or stop fraud.  Authored by Dan Baker, TRI’s research director, the report draws on conversations with three dozen telecom fraud experts with major contributions by five top consultants in the field.

The report’s Executive Summary is freely available and the full report may be purchased by any telecom or fraud management solutions firm.

Media Contact
Dan Baker, Research Director
***@technology-research.com
570-620-2320
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Tags:Fraud Management, Telecom Software, SIM box fraud
Industry:Telecom
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