Market Snapshot:
Fraud Hunters refers to the process of searching down numerous probable scandals, scams, thefts, or data breaches that have occurred or will occur in a sensitive data environment. Financial crime against banks and other institutions is quickly increasing in the digital age. Rising incidents of financial and intellectual frauds as well as breach or leak of sensitive military data has led to concerned companies opting for advanced transaction systems and piecemeal fraud detection technologies. Because of the fraudsters are becoming more sophisticated, firms must carefully spot frauds using a variety of tactics. Geographically, North America is the largest market of the fraud hunters.
Segment Analysis
AMA Research have segmented the market of Global Fraud Hunters market by Type, Application and Region.
On the basis of geography, the market of Fraud Hunters has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Trend
Financial Statement Fraud Accounts for Largest Market Share
Market Drivers
Growing Demand for Transparency within Organisations, Expansion and Enhancement of Judicial Authority and Rise of Intellectual and Financial Theft as well as Growing Concern about Corruption
Opportunities
Intellectual Fraud Segment is Rising Rapidly due to Increasing Geopolitical Tensions between Countries
Restraints
- High Costs and Special Experts Required of Fraud Examinations
In addition to the aforementioned factor, Growing Demand for Transparency within Organisations
is expected to propel the growth of the market over the forecast period.
The key Players profiled in the study are Fiserv, Inc. (United States), Fair Isaac Corporation (United States), Experian Plc (Ireland), Equifax Inc. (United States), TransUnion (United States), IBM Corporation (United States), Oracle Corporation (United States), SAP SE (Germany), FIS (United States) and NCR Corporation (United States).