The main types of crime risk reports are financial and cybercrime, personal, property, and other types. Financial and cybercrime refer to criminal activities carried out through digital technologies to steal sensitive information or funds. These solutions are deployed on-premises and cloud and by various organization sizes including large enterprises, and small and medium enterprises (SMEs). These are used in various applications such as banking, financial services and insurance (BFSI), government, real estate, and other applications.
The global crime risk report market is expected to grow from $7.28 billion in 2022 to $8.55 billion in 2023 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, causing inflation across goods and services and affecting many markets across the globe. The crime risk report market is expected to reach $16.08 billion in 2027 at a CAGR of 17.1%.
The crime risk report market research report is one of a series of new reports that provides crime risk report market statistics, including crime risk report industry global market size, regional shares, competitors with a crime risk report market share, detailed crime risk report market segments, market trends, and opportunities, and any further data you may need to thrive in the crime risk report industry. This crime risk report 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.
Technological innovations are a popular trend in the crime risk report market. Major companies operating in the crime risk report are focused on developing new technologies to reinforce their position in the market. Advanced technologies are needed to detect, prevent, and respond to cyber threats, and new technologies are being developed to address cyber risk. For instance, in January 2021, QuantaVerse, a US-based technology company, introduced an additional Financial Crime Investigation Report to address the specific needs of Level 1 AML compliance teams using AI and machine learning to automate identifications and reduce the average time spent investigating an alert by over 50%. The QuantaVerse Financial Crime Platform employs artificial intelligence (AI) to automate the anti-money laundering (AML) investigation process and provides analysts with a variety of Financial Crime Investigation Reports (FCIRs) that highlight its conclusions.
In September 2021, BitSight, a US-based cybersecurity ratings company, acquired VisibleRisk for an undisclosed amount. The acquisition by BitSight was aimed to enhance ability to provide customers with a more complete and accurate view of their cyber risk posture and expand its global customer base. VisibleRisk is a US based cybersecurity technology company that provides cybersecurity assessment and rating services to organizations.
North America was the largest region in the crime risk report market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the Crime Risk Report market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The rising cyber crime cases are expected to propel the growth of the crime risk report market. Cybercrime is criminal activity carried out digitally or by the spread of malicious software, which can compromise sensitive information. Crime risk reports can help prevent cyber threats such as hacking, phishing, and malware attacks, and industries are increasingly relying on them to identify potential vulnerabilities and mitigate risk to protect their assets and data from cyber threats. For instance, in 2020, according to a report released by the US-based Federal Bureau of Investigation, a law enforcement agency, the number of reported cybercrimes increased by 69.4% compared to the previous year. The total number of reported cybercrime incidents was 791,790, with reported losses exceeding $4.1 billion. Therefore, the rising cyber criminal cases will drive the growth of the crime risk report market going forward.
The crime risk report market includes revenues earned by entities by the sale of one-time or customized reports, subscription of regular reports, and related services such as consulting and risk management to specific clients. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values - that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products.
Major players in the crime risk report market are CAP Index Inc., CoreLogic Inc., HackSurfer LLC, IBM The International Business Machines Corporation, Intelligent Direct Inc., Location Inc., PricewaterhouseCoopers, Pinkerton Consulting & Investigations Inc., Silva Consultants, Verisk Analytics Inc., ACI Worldwide Inc., Capco, Fenergo Inc., Fiserv Inc., Oracle Corporation, Refinitiv US Holdings Inc., RiskScreen, Mphasis Limited, and Capgemini SE
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Table of Contents
Executive Summary
Cyber Risk Report Global Market Report 2023 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on cyber risk report market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the 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 shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Description:
Where is the largest and fastest growing market for cyber risk report? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The cyber risk report market global report 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.
- 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, and forecasting its development.
- The 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 the 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.
- The competitive landscape chapter 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.
Scope
Markets Covered:
1) By Type: Financial And Cybercrime; Personal; Property; Other Types2) 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
Companies Mentioned: CAP Index Inc.; CoreLogic Inc.; HackSurfer LLC; IBM The International Business Machines Corporation; Intelligent Direct 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.
Delivery format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- CAP Index Inc.
- CoreLogic Inc.
- HackSurfer LLC
- IBM The International Business Machines Corporation
- Intelligent Direct Inc.
- Location Inc.
- PricewaterhouseCoopers
- Pinkerton Consulting & Investigations Inc.
- Silva Consultants
- Verisk Analytics Inc.
- ACI Worldwide Inc.
- Capco
- Fenergo Inc.
- Fiserv Inc.
- Oracle Corporation
- Refinitiv US Holdings Inc.
- RiskScreen
- Mphasis Limited
- Capgemini SE
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 275 |
Published | May 2023 |
Forecast Period | 2023 - 2027 |
Estimated Market Value ( USD | $ 8.55 billion |
Forecasted Market Value ( USD | $ 16.08 billion |
Compound Annual Growth Rate | 17.1% |
Regions Covered | Global |
No. of Companies Mentioned | 19 |