Social Media Fraud Detection Market Analysis

  • Report ID: 2792
  • Published Date: Dec 20, 2024
  • Report Format: PDF, PPT

Social Media Fraud Detection Segmentation

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 2037. 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 2037. 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

Browse key industry insights with market data tables & charts from the report:

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of social media fraud detection is assessed at USD 65.37 billion.

The social media fraud detection market size was valued at USD 52.49 billion in 2024 and is likely to cross USD 305.17 billion by 2037, registering more than 14.5% CAGR during the forecast period i.e., between 2025-2037. A rising adoption rate of cloud computing services and increasing utilization of smartphones will boost the market growth.

North America industry is set to hold largest revenue share by 2037, attributed to increasing number of people in the region using social media boosting the demand for penetration testing on social media platforms.

The major players in the market are Proofpoint, Inc., 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
Inquiry Before Buying Request Free Sample PDF
footer-bottom-logos