How Has the Crime Risk Report Market Size Evolved in Recent Years?
The crime risk report market has seen considerable growth due to a variety of factors.
• The market size of the crime risk report industry has seen speedy expansion in the preceding years. It is projected to increase from $10.03 billion in 2024 to $11.75 billion in 2025, indicating a compound annual growth rate (CAGR) of 17.2%.
This growth during the historical period can be linked to the escalating rate and complexity of cyber threats, prominent cybersecurity incidents, the shift towards digital transformation, an expanding attack surface, and a rising reliance on digital infrastructure.
What Is The Forecast For The Crime Risk Report Market Size?
The crime risk report market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for crime risk reports is predicted to swiftly expand in the ensuing years, reaching a value of $22.66 billion in 2029 and exhibiting a compound annual growth rate (CAGR) of 17.8%.
Factors contributing to this growth during the forecast period include the emergence of new cyber threat vectors, heightened awareness about supply chain cybersecurity, integration of cyber risk management into business operations, increased attention to internal threats and staff training, and growth in the use of cyber insurance. Significant trends anticipated during this period encompass the escalation of ransomware attacks, challenges in cloud security, adoption of people-focused cybersecurity tactics, constant monitoring and threat intelligence gathering, and collaboration and sharing of information.
What Are The Essential Drivers Behind The Growth Of The Crime Risk Report Market?
The escalation in cyber-crime cases is anticipated to fuel the expansion of the crime risk report market. Cybercrime involves illicit activities implemented digitally or through the dissemination of harmful software, jeopardising confidential data. Crime risk reports act as a shield against cyber threats such as hacking, phishing, and malware assaults, and various industries are becoming progressively dependent on them to spot possible weaknesses and decrease risk. This protects their properties and information against online threats. For instance, the Australian Cyber Security Centre reported in February 2023 that the cyber crime cases it received rose to 76,000 in 2022, which was a 13% surge compared to the previous year. Consequently, the escalating cyber-crime cases are set to propel the evolution of the crime risk report market in the future.
How Is The Global Crime Risk Report Market Divided Into Key Segments?
The crime risk report market covered in this report is segmented –
1) By Type: Financial And Cybercrime, Personal, Property, Other Types
2) By Deployment: On-Premise, Cloud
3) By Organization Size: Large Enterprises, Small And Medium Enterprises (SMEs)
4) By Application: Banking, Financial Services And Insurance (BFSI),Government, Real Estate, Other Applications
Subsegments:
1) By Financial And Cybercrime: Identity Theft, Fraud, Cyber Attacks, Money Laundering, Data Breaches
2) By Personal: Violent Crime, Domestic Violence, Sexual Offenses, Human Trafficking
3) By Property: Burglary, Theft, Vandalism, Arson
4) By Other Types: Organized Crime, White-Collar Crime, Terrorism, Environmental Crime
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What New Trends Are Influencing The Crime Risk Report Market?
Top firms in the crime risk report market are concentrating on the creation of innovative technologies such as artificial intelligence (AI) to amplify their prognostic abilities and refine the precision of crime risk evaluations. AI mirrors human intellect processes through machines, in particular, computer systems. For example, in September 2023, Dow Jones Risk & Compliance, an American data and technology solutions enterprise, introduced RiskCenter Advanced Screening and Monitoring (ASAM). This service is specialized in controlling financial crime and third-party dangers by providing an AI-founded solution that enables organizations to conduct thorough and effective risk appraisals. ASAM harnesses advanced machine learning technologies and assimilates data from dependable and licensed sources to enhance actions against money laundering (AML), ensure sanctions compliance, and support anti-corruption initiatives.
Who Are the Key Players In The Crime Risk Report Market?
Major companies operating in the crime risk report market include:
• CAP Index Inc.
• CoreLogic Inc.
• HackSurfer LLC
• International Business Machines Corporation
• Intelligent Direct Inc.
• Location Inc.
• PricewaterhouseCoopers International Limited
• Pinkerton Consulting & Investigations Inc.
• Silva Consultants
• Verisk Analytics Inc.
• ACI Worldwide Inc.
• Capco LLC
• Fenergo Limited
• Fiserv Inc.
• Oracle Corporation
• Refinitiv US Holdings Inc.
• RiskScreen International Limited
• Mphasis Limited
• Capgemini SE
• Moody's Corporation
• Deloitte Touche Tohmatsu Limited
• KPMG International Cooperative
• Accenture plc
• Ernst & Young Global Limited
• Dell Technologies Inc.
• Check Point Software Technologies
• Palo Alto Networks
• VMware Inc.
• CrowdStrike Inc.
• Darktrace Limited
What Are The Regional Insights Into The Crime Risk Report Market?
North America was the largest region in the crime risk report market in 2024. Asia-Pacific is expected to be the fastest-growing region in the crime risk report market report during the forecast period. The regions covered in the crime risk report market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
