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  • 12 June 2019 23:22

Crime Risk Report Market Continues to Expand Rapidly

The crime risk report provides a structured approach to risk management, provides better understanding of the context of illegal activity, facilitates decision-making, and helps to produce reproducible outcomes.

The global Crime Risk Report market is expected to grow at noteworthy CAGR around 20.6 % throughout the forecast period and reach around US$ 16 billion by 2026.

Rising criminal cases across the globe, and governments and law enforcement agencies approach towards consultingcrime risk companiesare some major factors expected to drive growth of the global crime risk report market. In addition, increasing demands from healthcare organizations, financial service providers and private industries for criminal risk reports is another factor expected to further boost the growth of the market.

However, limited availability of information is a major factor expected to hamper the growth of the global crime risk report market.

The market in North America is expected to dominate in the global market and is expected to continue is dominance over the forecast period. This can be attributed to rising cases of identity theft, credit card fraud, email hacking, and account theft, resulting in growing need for risk consultations as a preventive security measure.

Market Snapshots

From 2019 to 2026, the financial & cyber crime sectors are expected to record the highest CAGR because the growing cash losses associated with financial fraud and cyber crimes prompt legal enforcement agencies to curb these crimes.

The fastest growing regional market in Asia Pacific is expected to be 23.9% CAGR between, 2019 to 2026.

The North American market, on the other hand, is projected to be in the forecast years largest crime risk report.

Competitive Outlook

Corelogic, Inc.; IBM Corporation, Intelligent Direct, Inc. (CRIMECAST Reports); PwC; Pinkerton Consulting & Investigations, Inc.; Silva Consultants; and Verisk Analytics. Inc., the leading companies in this market include AP Index, Inc. CRIMECAST reports. The company aims at providing government agencies and other businesses with innovative solutions to minimize losses resulting from legal action, fraud, overall responsibility and crime against individuals and property. For example, in March 2018 a list of US ' 100 most dangerous towns and cities was published by Neighborhoodscout, a web-based platform of Location, Inc.

The list was used to compare safety ratings in the urban sphere and report the annual illegal act rate to the FBI in the U.S. Companies also stress working with companies to raise awareness of continued fraudulent market activities. In a joint report by Restaurant Loss Prevention and Security Association (RLPSA) and CAP Index, Inc. in August 2016, RLPSA members raised awareness of burglary and aggravation of assaults, and robbery among their members.

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