Crime Risk Report Market Size, Share & Trends Analysis Report By Type (Financial & Cybercrime, Personal Crime, Property Crime), By Region (Latin America, APAC, MEA, Europe, North America), And Segment Forecasts, 2019 - 2025

Industry Insights

The global crime risk report market size was valued at USD 4.30 billion in 2018 and is expected to grow at a CAGR of 21.4% from 2019 to 2025. The market has witnessed considerable growth owing to rising crime cases, which impel governments and law enforcement agencies to seek the services of crime risk consulting companies. Rising incidences of homicide and bribery in countries including Brazil, Mexico, and the U.S. is another factor anticipated to drive the market over the forecast period.

Crime risk reports provide numerous benefits to businesses. For instance, the report offers a structured approach to risk management, provides a better understanding of the context of the unlawful act, facilitates decisions, and helps deliver reproducible results. Additionally, the reports help establish a basis for identifying, evaluating, analyzing, and mitigating risks, which eventually drives the growth of the market. These reports also assist organizations in security-related budget allocation and decision-making processes.

The rising demand for crime risk reports from healthcare organizations, financial service providers, and private industries further boost the market growth. Rising awareness among organizations about taking adequate security measures aimed at curbing unlawful acts is expected to augment the market over the forecast period. Moreover, such reports allow users to conduct an extensive risk assessment based on clients, geographies, services, and products.

For instance, CAP Index, Inc. offers the CRIMECAST report that includes color-coded risk intelligence maps that outline risks, past, current, and future crime statistics, and risk data for the unlawful act against property and persons at the local, regional, and national levels. This is expected to drive the demand further. In the U.S., companies operating in the market are required to ensure compliance with certain federal and state regulations. Companies failing to ensure adherence and compliance with these regulations could subject them to possible restrictions in providing predictive analytics support services. This is expected to hinder the market growth over the forecast period.

Type Insights

On the basis of type, the market is segmented into financial & cybercrime, personal crime, property crime, and others. The financial & cybercrime segment led the market and was valued at USD 1.62 billion in 2018. An increasing number of cyber-attacks, such as malware, phishing, and brute force attack, are prompting organizations to look into effective security solutions as a countermeasure to mitigate crime risks.

This is expected to spur the segment growth. Attackers are using open source intelligence, social media, and network information to break into business processes resulting in business downtime. Moreover, fraudulent financial transactions further the need for organizations to consult crime risk consulting companies for security solutions. These factors are expected to contribute to the growth of the market over the forecast period.

Regional Insights

The North American regional market generated the highest revenue of USD 1.51 billion in 2018. It is projected to expand further during the forecast years on account of rising cases of identity theft, credit card fraud, ransomware, email hacking, and account theft, which results in an imperative need for risk consultations as a preventive security measure. Rising cases of violent acts in the region are expected to drive the demand further. These reports find application in the design and implementation of violence prevention programs that focus on preventing violence against women and minors.

Furthermore, government agencies in this region use crime risk reports to identify the impact of unlawful acts and violence on the economic sector and its effects on the economic, cultural, and demographic attributes, which form the region’s economic and social development. The reports also help in bridging the gap between countries in terms of awareness and knowledge regarding the deployment of appropriate strategies, programs, and capabilities to ensure safer use of information and communication technologies.

Crime Risk Report Market Share Insights

Key companies in the market include AP Index, Inc. (CRIMECAST Reports); CCL Compliance Limited; CoreLogic, Inc.; HackSurfer; IBM Corporation, Intelligent Direct, Inc.; Location, Inc.; PwC, Pinkerton Consulting & Investigations, Inc.; Silva Consultants; and Verisk Analytics, Inc. These companies focus on providing innovative solutions to government agencies and other companies to help them minimize losses resulting from lawsuits, fraud, general liability, and criminality against persons and property. For instance, In March 2018, NeighborhoodScout, a web-based platform of Location, Inc., released a list of the 100 Most Dangerous Cities in the U.S.

The list was used to compare city-wise safety ratings and to report the annual unlawful act rate in the U.S. to the FBI. Companies are also emphasizing collaborating with organizations to spread awareness regarding ongoing fraudulent activities in the market. For instance, In August 2016, the Restaurant Loss Prevention & Security Association (RLPSA) and CAP Index, Inc. jointly designed the Restaurant Industry Crime & Security Measure Usage Trends report to raise awareness among RLPSA members regarding the burglary, aggravated assault, and robbery.

Report Scope

Segments Covered in the Report

This report forecasts revenue and volume growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global crime risk report market report on the basis of type and region:

• Type Outlook (Revenue, USD Million, 2014 - 2025)

  • Financial & Cybercrime

  • Personal

  • Property

  • Others

• Regional Outlook (Revenue, USD Million, 2014 - 2025)

  • North America

    • The U.S.

    • Canada

  • Europe

    • Germany

    • The U.K.

  • Asia Pacific

    • China

    • India

    • Japan

  • Latin America

    • Brazil

  • Middle East & Africa (MEA)