Social Media Fraud Detection Market Share

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

Social Media Fraud Detection Market Share

North American Market Forecast

The North American social media fraud detection market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2035. The growth of the market can be attributed majorly to the increasing number of people in the region using social media boosting the demand for penetration testing on social media platforms. Social media is a typical medium to plan and execute cyber-attacks. According to Consumer International Organization, in 2019, there were 89.9 million social media users in the US alone. The digital ecosystem in North America is changing drastically and rapidly coupled with the growing proportions of advertising budgets being spent on mobile advertising. As the advertising expenditure is growing, the fraudulent players is expected to exploit the digital advertising ecosystem for their monetary gain, which is anticipated to drive the growth of the social media fraud detection market in North America.

Europe Market Forecast

The European social media fraud detection market, amongst the market in all the other regions, is projected to hold the second largest share during the forecast period. The growth of the market can be attributed majorly to the rising digital fraud cases in Europe on account of the generation of massive amounts of enterprise data and technological advertisements. Furthermore, owing to the increasing size of enterprise data, analysis of the data becomes a complex process that results in such incidents which are mainly related to stock theft, information theft, and internal financial fraud. Such factors are anticipated to drive the growth of the Europe social media fraud detection market.

APAC Market Statistics

Additionally, the Asia Pacific social media fraud detection market, amongst the market in all the other regions, is projected to hold a notable share during the forecast period. Asia Pacific has one of the largest consumers of internet and IT services which has the high potential to plan and impose media fraud. Furthermore, the presence of a large number of social media users in the region backed by the constantly growing population is also anticipated to hike the market growth over the forecast period. For instance, approximately 52% of social media users are anticipated to be living in the Asia Pacific region.

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Social Media Fraud Detection Market Size
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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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