The Latin America, Middle East and Africa Crime Risk Report Market is expected to witness market growth of 21.8% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Crime Risk Report Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $599.5 million by 2031. The Argentina market is showcasing a CAGR of 23.5% during 2024-2031. Additionally, the UAE market would register a CAGR of 20.7% during 2024-2031.
Government organizations and local municipalities use these reports to improve public safety initiatives and urban planning. City planners use crime reports to integrate crime prevention strategies into urban infrastructure, such as improved street lighting, CCTV installations, and community policing initiatives. Government agencies use crime risk data during natural disasters or civil unrest to ensure public safety and maintain law and order.
These reports play a crucial role in insurance underwriting, fraud detection, and claims risk assessment. Due to increased risk, properties in high-crime areas often have higher insurance costs. Insurance companies use crime data to calculate risks for theft, burglary, and vandalism. These reports help insurance companies detect patterns of fraudulent claims, staged accidents, and identity theft, improving fraud prevention measures.
The increasing adoption of fintech solutions in the UAE and the rapid expansion of Saudi Arabia’s cybersecurity industry are key factors fuelling the market's growth. As financial technology continues to reshape the banking and payments landscape, the risks of cyber fraud, financial crimes, and data breaches are also increasing, necessitating advanced crime risk assessments. Similarly, Saudi Arabia’s booming cybersecurity industry underscores the growing need for crime risk intelligence to mitigate digital threats and enhance national security. These developments drive financial institutions, businesses, and governments in both countries to adopt data-driven crime risk reports for enhanced fraud prevention and regulatory compliance. Thus, the UAE’s thriving fintech sector and Saudi Arabia’s rapidly expanding cybersecurity industry are significantly influencing the growth of the market.
The Brazil market dominated the LAMEA Crime Risk Report Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $599.5 million by 2031. The Argentina market is showcasing a CAGR of 23.5% during 2024-2031. Additionally, the UAE market would register a CAGR of 20.7% during 2024-2031.
Government organizations and local municipalities use these reports to improve public safety initiatives and urban planning. City planners use crime reports to integrate crime prevention strategies into urban infrastructure, such as improved street lighting, CCTV installations, and community policing initiatives. Government agencies use crime risk data during natural disasters or civil unrest to ensure public safety and maintain law and order.
These reports play a crucial role in insurance underwriting, fraud detection, and claims risk assessment. Due to increased risk, properties in high-crime areas often have higher insurance costs. Insurance companies use crime data to calculate risks for theft, burglary, and vandalism. These reports help insurance companies detect patterns of fraudulent claims, staged accidents, and identity theft, improving fraud prevention measures.
The increasing adoption of fintech solutions in the UAE and the rapid expansion of Saudi Arabia’s cybersecurity industry are key factors fuelling the market's growth. As financial technology continues to reshape the banking and payments landscape, the risks of cyber fraud, financial crimes, and data breaches are also increasing, necessitating advanced crime risk assessments. Similarly, Saudi Arabia’s booming cybersecurity industry underscores the growing need for crime risk intelligence to mitigate digital threats and enhance national security. These developments drive financial institutions, businesses, and governments in both countries to adopt data-driven crime risk reports for enhanced fraud prevention and regulatory compliance. Thus, the UAE’s thriving fintech sector and Saudi Arabia’s rapidly expanding cybersecurity industry are significantly influencing the growth of the market.
List of Key Companies Profiled
- ACI Worldwide, Inc.
- Fiserv, Inc.
- IBM Corporation
- SAP SE
- Oracle Corporation
- SAS Institute Inc.
- Fenergo
- CAP Index, Inc.
- CoreLogic, Inc.
Market Report Segmentation
By Deployment
- Cloud
- On-premise
By Type
- Financial & Cybercrime
- Property Crime
- Personal Crime
- Other Type
By Application
- Government
- BFSI
- Real Estate
- Other Application
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. LAMEA Crime Risk Report Market by Deployment
Chapter 6. LAMEA Crime Risk Report Market by Type
Chapter 7. LAMEA Crime Risk Report Market by Application
Chapter 8. LAMEA Crime Risk Report Market by Country
Chapter 9. Company Profiles
Companies Mentioned
- ACI Worldwide, Inc.
- Fiserv, Inc.
- IBM Corporation
- SAP SE
- Oracle Corporation
- SAS Institute Inc.
- Fenergo
- CAP Index, Inc.
- CoreLogic, Inc.
Methodology
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