Social Media Fraud Detection Market Analysis

  • Report ID: 2792
  • Published Date: Mar 20, 2023
  • Report Format: PDF, PPT

Social Media Fraud Detection Market Analysis

Fraud Type (Social Media Phishing, Malware Frauds)

The global social media fraud detection market is segmented and analyzed for demand and supply by fraud type into social media phishing, malware frauds, scams, counterfeit frauds, fraudulent advertisement, and others. Out of these types of frauds, the fraudulent advertisement segment is estimated to gain the largest market share in the year 2035. The growth of the segment can be attributed to the ease with which one can publish an advertisement on various social media platforms without having to disclose much information about themselves. As the number of social media users is growing, fraud is also becoming more and more prevalent. For instance, as of January 2023, the total number of people on social media across the globe was estimated to be around 4.5 billion. It has resulted in rising concern for social media security cyberbullying, hacking, relationship fraud, health issues, and social and family life loss. A significant portion of the global population is actively using social media on a regular basis through platforms such as Facebook, Twitter, Instagram, and WhatsApp. As a result, one can imagine how many people can be reached through fraudulent activities.

Component (Software, Services)

The global social media fraud detection market is also segmented and analyzed for demand and supply by component into software and services. Between these two segments, the software segment is expected to garner a significant share in the year 2035. The segment growth can be accounted the ease of access to the software as compared to services. Software applications are accessible from anywhere in the world with an internet connection. Also, the software applications can be updated and modified remotely, causing greater concern for fraudulent activities. Even though services are more personalized, the software can help cater to many people at once. As social networking services are growing, it has resulted in an increasing amount of sensitive information which is stored online and linked to social networking services accounts. Such a factor is anticipated to drive the growth of the software segment in the global social media fraud detection market.

Our in-depth analysis of the global market includes the following segments:

     By Fraud Type

  • Social Media Phishing
  • Malware Frauds
  • Scams
  • Counterfeit Frauds
  • Fraudulent Advertisement
  • Others

  

     By Component

  • Software
  • Services

      By Solution

  • Social Media Content Verification Solution
  • Digital Self-Defense Application
  • Bot Protection Solution
  • Social Media Monitoring Solution
  • Advertising Verification Solution
  • Others

      By End-User

  • Organizations
  • Individuals
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Browse Key Market Insights with Data Illustration:


Author Credits:  Abhishek Verma


  • Report ID: 2792
  • Published Date: Mar 20, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

A rising adoption rate of cloud computing services and increasing utilization of smartphones are the major factors driving the market growth.

The market is anticipated to attain a CAGR of 15% over the forecast period, i.e., 2023-2035.

Limitations on digital actions and high battery draining are estimated to be the growth hindering factors for the market expansion.

The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

The major players in the market are FraudWatch International Pty Ltd, Harlequin CDIS Limited, Human Security, Inc., Media Vax, Sontiq, Inc., Equifax Inc., SHIELD AI Technologies Pte. Ltd., NICE Ltd., Oracle Corporation, and others.

The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by fraud type, component, solution, end-user, and by region.

The fraudulent advertisement segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
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