Fraud Hunters Global Market Report 2022: Ukraine-Russia War Impact

“Fraud Hunters Global Market Report 2022: Ukraine-Russia War Impact ” from The Business Research Company provides the strategists, marketers and senior management with the critical information they need to assess the global fraud hunters market.This report focuses on fraud hunters market which is experiencing strong growth. The report gives a guide to the fraud hunters market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.

Reasons to Purchase

• Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.

• Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.

• Assessment of Russia - War Impact on agriculture, energy and mineral commodities supply and their direct and indirect impact on the market analyzed in the report.

• Impact of high global inflation on market growth.

• Create regional and country strategies on the basis of local data and analysis.

• Identify growth segments for investment.

• Outperform competitors using forecast data and the drivers and trends shaping the market.

• Understand customers based on the latest market research findings.

• Benchmark performance against key competitors.

• Utilize the relationships between key data sets for superior strategizing.

• Suitable for supporting your internal and external presentations with reliable high quality data and analysis

• Report will be updated with the latest data and delivered to you within 3-5 working days of order.

Where is the largest and fastest growing market for the fraud hunters? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The Fraud Hunters market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider fraud hunters market, and compares it with other markets.

• The market characteristics section of the report defines and explains the market.

• The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.

• Our forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

• Market segmentations break down market into sub markets.

• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.

• Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.

• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

• The fraud hunters market section of the report gives context. It compares the fraud hunters market with other segments of the fraud hunters market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, fraud hunters indicators comparison.

Scope

Markets Covered:

• 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

• Companies Mentioned: Experian Information Solutions, Inc.; Oracle; IBM; FICO; Fiserv, Inc.

• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

• Time series: Five years historic and ten years forecast.

• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Executive Summary

Major players in the fraud hunters market are: Experian Information Solutions Inc., Oracle Corporation, IBM Corporation, FICO, Fiserv Inc., FIS Inc, NCR Corporation, Fraud Hunter, Zoi, Equifax Inc., Riskified, Sift, Signifyd, and Forter.

The global fraud hunting market is expected to grow from $5.45 billion in 2021 to $6.40 billion in 2022 at a compound annual growth rate (CAGR) of 17.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The fraud hunting market is expected to grow to $12.19 billion in 2026 at a CAGR of 17.5%.

The fraud hunters market consists of sales of fraud hunters' services by entities (organizations, sole traders, and partnerships) used to prevent, identify, and stop fraudsters and provide uninterrupted service to the customers through accurate application fraud prevention. The term "fraud hunters" refers to the process of screening and distinguishing authenticated data, such as customer application data, from fraudulent data, which can lead to various types of fraud.

The main types of fraud hunters are financial statement fraud, healthcare, insurance, banking fraud, consumer fraud, intellectual property fraud, and other types. Financial statement fraud refers to the intentional manipulation of a company's financial statements, whether by exclusion or exaggeration, to give a false picture of the company's financial situation, performance, or cash flow. The various organisation sizes are SMEs and large organizations. These are used in defense, government, banks and financial institutions, and a variety of other settings.

North America was the largest region in the fraud hunt market in 2021. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this fraud hunters market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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% over 2020. It received fraud reports from more than 2.8 million consumers in 2020, with the category of imposter scams accounting for more than $2.3 billion, followed by $392 million in reported losses from online shopping scams in 2020. Therefore, the rise in intellectual and financial theft is driving the growth of the fraud hunting market.

The rising use of artificial intelligence and machine learning is the key trend gaining popularity in the fraud hunting market. Major companies operating in the fraud hunter market are focused on the use of artificial intelligence and machine learning to sustain their position in the fraud hunter market. For instance, in April 2019, NICE Actimize, a US-based software development company, launched CDD-X, Customer Due Diligence Solution, with AI power and machine learning intervention, which enables CDD-x to deliver more precise detection and risk assessment solutions for customers, lowering compliance risk. This solution is incorporated with advanced analytics, modernising KYC and CDD programs.

In July 2021, Broadcom, the US-based manufacturer of a wide range of semiconductor and infrastructure software products, acquired SAS Institute Inc. for a deal amount between $15 billion and $20 billion. With this acquisition, Broadcom would wholly acquire SAS Institute Inc. Also, this acquisition enables Broadcom to strengthen its infrastructure software solution business. SAS Institute Inc. is a US-based company engaged in the development of a SAS platform for fraud detection and prevention solutions.

The countries covered in the fraud hunters market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The fraud hunters market research report is one of a series of new reports from The Business Research Company that provides fraud hunters market statistics, including fraud hunters industry global market size, regional shares, competitors with a fraud hunters market share, detailed fraud hunters market segments, market trends and opportunities, and any further data you may need to thrive in the fraud hunters industry. This fraud hunter's market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.