Global Social Media Fraud Detection Market Outlook 2020-2028: Fraud Type, Component, Solution Type, End-User, & Region

DUBLIN, Feb. 11, 2021 /PRNewswire/ -- The "Global Social Media Fraud Detection Market Outlook 2028" report has been added to ResearchAndMarkets.com's offering.

The market is expected to record a value of around USD 2,200 million by 2028.

The global social media fraud detection market is expected to achieve a CAGR of 18.80% during the forecast period, i.e. 2020-2028.
 
In the recent past, a significant increase in the number of users on social media platforms have been observed. This has led to a rise in fraudulent activities on these platforms. People with malicious motives try and steal sensitive information or end up providing misleading data to users globally. Social media fraud detection solutions help to save millions of dollars annually by securing the data of individuals and organizations.

Various factors including growing concerns for security on online platforms, rising social media frauds and scams, increase in revenue losses by organizations, negative brand image endured by social media platforms are some factors that are anticipated to promote the growth of the global social media fraud detection market. Additionally, increasing investments by various companies on social media platforms in order to increase their security features are also expected to drive the growth of the social media fraud detection market over the forecast period.

The global social media fraud detection market can be segmented into fraud type, component, solution, end-user, size of organization, organization type, and region. On the basis of component, the market can further be segmented into software and services, out of which the software segment held a significant market share in the year 2019 owing to the ease with which one can access software from the comfort of their homes. Also, software can be customised, and its benefits can be availed at the click of a button without the requirement of a professional to run the software.

Based on region, the global social media fraud detection market is segmented into five major regions including North America, Latin America, Europe, Asia Pacific, Middle East and Africa. Out of these, the market in North America held the highest share in 2019 recording a value of around USD 130 million. This was owing to rapidly evolving digital ecosystem in the region and the rise in the number of fraudulent activities.

The Europe social media fraud detection market, in 2019, held the second largest share, recording a value of around USD 100 million. With significant amounts of enterprise data and technological advertisements being generated, the market is expected to witness a significant growth. Other growth factors which are expected to propel the social media fraud detection market in the region include stock theft, information theft, and financial frauds.

Some of the affluent industry leaders in the global social media fraud detection market are Proofpoint, Inc, FraudWatch International Pty Ltd, Harlequin CDIS, White Ops, IdentityForce, Inc, CSID, Equifax Inc. among others.

Key Topics Covered:

Part 1 Market Definition and Research Methodology

• Market Definition
• Research Objective
• Research Methodology

Part 2 Executive Summary

Part 3 Market Dynamics

• Drivers
• Restraints
• Opportunities
• Trends

Part 4 Industry Analysis

• Regional Analysis of Social Media Users
• Impact of COVID-19 on Social Media Fraud Detection Market
• Analysis of Major Brand on their Social Media Presence
• Analysis of Number of Fake Account on Social Media Platforms

Part 5 Global Social Media Fraud Detection Market

• Market Overview - Market Size (2019-2028)
• Market segmentation by:
• Fraud Type
• Component
• Solution Type
• End-User
• Region

Part 6 North America Social Media Fraud Detection Market

• Market Overview - Market Size (2019-2028)
• Market segmentation by:
• Fraud Type
• Component
• Solution Type
• End-User
• Country

Part 7 Europe Social Media Fraud Detection Market

Part 8 Asia Pacific Social Media Fraud Detection Market

Part 9 Latin America Social Media Fraud Detection Market

Part 10 Middle East and Africa Social Media Fraud Detection Market

Part 11 Competitive Landscape

Part 12 Analyst Review

Companies Mentioned

• Proofpoint Inc
• FraudWatch International Pty Ltd
• Harlequin CDIS
• White Ops
• IdentityForce Inc
• CSID
• Equifax Inc.

For more information about this report visit https://www.researchandmarkets.com/r/593jxf

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