Fraud Hunters Market Size
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The rise in cybercrime and the evolution of machine learning have propelled the Fraud Hunters Market growth, expecting a CAGR of 16.5% from 2024 to 2029.
What Is The Projected Market Size Of The Global Fraud Hunters Market And Its Growth Rate?
– The market size has grown from $8.14 billion in 2024 to $9.32 billion in 2025 with a CAGR of 14.4%.
– The historic growth was due to the increase in cybercrime, digital transactions, and regulatory compliance requirements.
– By 2029, the market size is projected to be $17.17 billion, with a CAGR of 16.5%.
– The factors contributing to this forecasted growth include the evolution of machine learning, big data analytics, and improvements in cybersecurity frameworks.
What Is Driving The Growth In The Fraud Hunters Market?
The escalating instances of intellectual and financial theft will continue to drive the Fraud Hunters market. Intellectual theft includes the stealing of creative expressions, inventions, or symbols that belong to a particular person or company. Fraud hunters allow for the monitoring and investigation of potential online and mobile service misuse to reduce these thefts. According to a 2024 report by the American Association of Retired Persons, losses reached $10 billion in 2023, signaling a potential growth area for the Fraud Hunters market.
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Who Are the Key Players Driving Fraud Hunters Market Growth?
– 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.
– RSA Security LLC
– ThreatMetrix
– White Ops
– BioCatch Ltd.
– NuData Security Inc.
– Securonix Inc.
– Splunk Inc.
– LogRhythm Inc.
– McAfee LLC
– Symantec Corporation
– CrowdStrike Inc.
– FireEye Inc.
– Palo Alto Networks Inc.
– Check Point Software Technologies Ltd.
– Broadcom Inc.
– Comodo Security Solutions Inc.
What Are The Key Trends In The Fraud Hunters Market?
– Digital transformation and online transactions
– Use of big data and advanced analytics
– Evolution of machine learning and artificial intelligence
– Development of collaborative and information sharing networks
– Technological advancements in the field
What Are The Segments Of The Global Fraud Hunters Market?
1. By Type of Fraud: Financial Statement Fraud, Healthcare, Insurance And Banking Fraud, Consumer Fraud, Intellectual Property Fraud, Other Types Of Fraud.
2. By Organization Size: SMEs, Large Organizations.
3. By Application: Defense, Government, Banks And Financial Institution, Other Applications.
Which Region Leads The Fraud Hunters Market?
North America led the Fraud Hunters market in 2024. However, Asia-Pacific is projected to be the fastest-growing region in the forecasted period. Other regions covered in the report are Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Fraud Hunters Market Global Market Report?
– Market Size Analysis: Analyze the Fraud Hunters Market size by key regions, countries, product types, and applications.
– Market Segmentation Analysis: Identify various subsegments within the Fraud Hunters Market for effective categorization.
– Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
– Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
– Market Contribution: Evaluate contributions of different segments to the overall Fraud Hunters Market growth.
– Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
– Industry Challenges: Analyze challenges and risks affecting the Fraud Hunters Market.
– Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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