Social Media Fraud Detection Market Size

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

Social Media Fraud Detection Market Size

Social Media Fraud Detection Market size is expected to surpass USD 100 billion by the end of 2035, growing at a CAGR of 15% during the forecast period, i.e., 2023-2035. In the year 2022, the industry size of social media fraud detection was over USD 40 billion. The growth of the market can be attributed majorly to the growing prevalence of social media among the global population. People are notably active on social media platforms for multiple purposes such as, supporting their business, sharing images and videos with their friends and family, and others. Social media has made s significant place in everyone’s life. For instance, more than 55% of the global population was noticed to be using social media in 2023.

In addition to these, global social media fraud detection market trends such as rising cases of online fraud and cybercrimes triggering the demand for bot protection across the globe are expected to boost the market growth over the forecast period. It not only protects all the access points but also analyses and collects bot traffic to pinpoint anomalies. Bot protection solution also proactively detects fraud and enables robust information security. The rising adoption of technologies, for instance, AI and machine learning, could boost the demand for bot protection solutions on a wider scale. For instance, nearly 98% of smartphone users were noticed to be using AI-powered voice assistants while more than 32% of companies were anticipated to be using AI, and more than 40% of companies are noticed to be exploring AI for implementation. 

Social Media Fraud Detection Market
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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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