The fraud hunters global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Fraud Hunters Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The fraud hunters market size has grown rapidly in recent years. It will grow from $7.2 billion in 2023 to $8.32 billion in 2024 at a compound annual growth rate (CAGR) of 15.6%. The growth in the historic period can be attributed to rise in cybercrime, increased digital transactions, regulatory compliance, globalization and increased connectivity.
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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Scope Of Fraud Hunters Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Market Drivers –
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.
Market Trends –
Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.
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
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Regional Insights –
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
Key Companies –
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.
Table of Contents
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
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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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