2025-2034 Fraud Hunters Market Outlook: Key Drivers, Emerging Challenges, and Strategic Insights

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What Will the Fraud Hunters Industry Market Size Be by 2025?
The market size for fraud hunters has seen a significant increase recently. The projections indicate a growth from $8.14 billion in 2024 to a larger figure of $9.32 billion in 2025 with a Compound Annual Growth Rate (CAGR) of 14.4%. The notable growth previously experienced can be credited to escalated cybercrime, heightened levels of digital transactions, compliance to regulatory measures, globalization, and increased connectivity.

What's the Long-Term Growth Forecast for the Fraud Hunters Market Size Through 2029?
The market size of fraud hunters is predicted to experience swift expansion in the coming years. The market is estimated to rise to $17.17 billion by 2029, with a compound annual growth rate (CAGR) of 16.5%. The projected growth throughout the forecast period can be credited to the progression of machine learning and AI, the utilization of big data analytics, behavioral analytics, collaboration and data sharing, and incorporation with cybersecurity frameworks. Notable trends within the forecast period encompass digital transition and online transactions, big data and sophisticated analytics, advancement in machine learning and AI, networks for collaboration and information sharing, plus technological progressions.

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What Are the Key Growth Drivers Fueling the Fraud Hunters Market Expansion?
The increase in incidents of intellectual and monetary theft is anticipated to charge the expansion of the fraud hunter market in the future. The theft of intellectual property entails the illicit appropriation of creative works, inventions, symbols, or logos protected by trade secrets, trademarks, copyrights, or patents owned by an individual or corporation. Through monitoring usage and investigating possible misuse by users, fraud hunters assist web and mobile service proprietors in decreasing incidents of intellectual and monetary theft. As an example, in February 2024, an article published by The American Association of Retired Persons (AARP), a non-profit organization based in the US, specified that frauds and sca*ms have escalated to a significant issue. In 2023, consumers reported losses adding up to $10 billion - an uplift from the $9 billion reported losses in 2022. The FTC received 2.6 million fraud reports that year, with an average loss of $500, and close to 100,000 people reported losses exceeding $10,000. This surge in intellectual and financial theft, therefore, is the driving force behind the development of the fraud hunting market.

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What Are the Key Trends Driving Fraud Hunters Market Growth?
The increased adoption of artificial intelligence (AI) and machine learning (ML) is becoming a significant trend in the fraud hunting industry. Leading businesses in the marketplace are increasingly relying on AI and ML in order to maintain their standing. For example, Google, an American technology firm renowned for its search engine technology and online advertising initiatives, initiated an advanced fraud protection pilot program in India in October 2024. The program targets applications installed from web-sideloading sources and aims to tackle the growing issue of online fraud - a problem which has caused significant financial strain on Indian consumers. Using sophisticated security measures and machine learning methodologies, Google looks to safeguard users against malicious applications and improve overall online security.

How Is the Fraud Hunters Market Segmented?
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 Organization Size: SMEs, Large Organizations
3) By Application: Defense, Government, Banks And Financial Institution, Other Applications

Subsegments:
1) By Financial Statement Fraud: Revenue Recognition Fraud, Asset Misappropriation, Earnings Management
2) By Healthcare, Insurance, And Banking Fraud: Medical Billing Fraud, Insurance Claim Fraud, Loan Fraud
3) By Consumer Fraud: Credit Card Fraud, Identity Theft, Tele marketing Fraud
4) By Intellectual Property Fraud: Trademark Infringement, Patent Fraud, Copyright Violation
5) By Other Types Of Fraud: Tax Fraud, Cyber Fraud, Investment Fraud

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Which Companies Are Leading the Charge in Fraud Hunters Market Innovation?
Major companies operating in the fraud hunters market include 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.

Which Regions Are Leading the Global Fraud Hunters Market in Revenue?
North America was the largest region in the fraud hunt market in 2024.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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