The fraud hunters market size is expected to see rapid growth in the next few years. It will grow to $14.67 billion in 2028 at a compound annual growth rate (CAGR) of 15.2%. The growth in the forecast period can be attributed to machine learning and ai evolution, big data analytics, behavioral analytics, collaboration and information sharing, integration with cybersecurity frameworks. Major trends in the forecast period include digital transformation and online transactions, big data and advanced analytics, machine learning and artificial intelligence, collaborative and information sharing networks, technological advancements.
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Segmentation & Regional Insights
The fraud hunters market covered in this report is segmented –
1) By Type of Fraud: Financial Statement Fraud, Healthcare, Insurance and Banking Fraud, Consumer Fraud, Intellectual Property Fraud, Other Types of Fraud
2) By Organisation Size: SMEs, Large Organizations
3) By Application: Defense, Government, Banks and Financial Institution, Other Applications
North America was the largest region in the fraud hunt market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the fraud hunters market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The rise in intellectual and financial theft is expected to propel the growth of the fraud hunter market going forward. Intellectual theft refers to the moment of stealing creative expressions, inventions, symbols, or logos in the form of trade secrets, trademarks, copyrights, or patents that belong to a particular person or company. Fraud hunters help web and mobile service owners monitor users’ usage and investigate potential misuses to reduce intellectual and financial theft. For instance, according to the Federal Trade Commission, a US-based independent agency of the United States government, consumers reported losing more than $5.8 billion to fraud in 2021, an increase of more than 70%. Therefore, the rise in intellectual and financial theft is driving the fraud hunting market growth.
Key Industry Players
Major companies operating in the fraud hunters market report are Experian Information Solutions Inc., Oracle Corporation, International Business Machines Corporation (IBM), Fair Isaac Corporation (FICO), Fiserv Inc, Fidelity National Information Services Inc (FIS), SAP SE, National Cash Register Corporation (NCR), Fraud Hunter, Zoi, Equifax Inc, Riskified, Sift Science Inc., Signifyd, Forter, ACI Worldwide Inc., BAE Systems, NICE Actimize, LexisNexis Risk Solutions Inc., Feedzai Inc., Featurespace, Kount Inc., Simility Inc., RSA Security LLC, ThreatMetrix, White Ops, Shape Security, BioCatch Ltd., NuData Security Inc., Guardian Analytics Inc., Securonix Inc., Splunk Inc., LogRhythm Inc., McAfee LLC, Symantec Corporation, Carbon Black Inc., CrowdStrike Inc., FireEye Inc., Palo Alto Networks Inc., Check Point Software Technologies Ltd., Broadcom Inc., Comodo Security Solutions Inc.
The fraud hunters market report table of contents includes:
1. Executive Summary
2. Fraud Hunters Market Characteristics
3. Fraud Hunters Market Trends And Strategies
4. Fraud Hunters Market – Macro Economic Scenario
5. Global Fraud Hunters Market Size and Growth
…………..
31. Global Fraud Hunters Market Competitive Benchmarking
32. Global Fraud Hunters Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Fraud Hunters Market
34. Fraud Hunters Market Future Outlook and Potential Analysis
35. Appendix
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