The crime risk report market is expected to surge at a 21.52% CAGR, reaching USD 65.52 billion by 2034 from USD 9.33 billion in 2024. Explore key trends and forecasts.
Crime Risk Report Market Key Takeaways
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North America led the market with 38% share in 2024, while Europe is poised for fastest growth.
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Asia Pacific is emerging as a key growth region.
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Financial & cybercrime remained dominant in 2024; property crime gaining momentum.
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On-premise deployment topped 2024, but cloud adoption is accelerating.
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Government was the top application segment; BFSI shows strong future potential.
Crime Risk Report Market Overview
In the real estate and insurance industries, crime risk reports are critical tools for assessing property value, pricing insurance policies, and identifying investment risks. These reports help stakeholders evaluate neighborhoods not only on economic and demographic data but also on safety parameters. The market for such reports is expanding as both sectors increasingly rely on data-driven decision-making.
Crime Risk Report Market Drivers
Real estate buyers and investors seek safety information as a core component of neighborhood assessment. Meanwhile, insurers require detailed crime statistics to underwrite policies accurately and manage risks. The rise in property-related crimes and fraud has further intensified the need for comprehensive crime risk profiling.
Rise of economic crimes
The rise of procurement fraud is one of the major rationales behind the success of the crime risk report market. In India, different frauds or criminal cases happen in different commercial sectors, which include customer fraud, bribery, corruption, supply chain fraud, intellectual property theft, etc. Moreover, there has been a rise in deceptive business practices, anti-competitive practices, human resources fraud, tax fraud, etc.
- In October 2024, the United Nations Office on Drugs and Crime (UNODC) announced that the Pacific is becoming a crucial transshipment hub along with the operational and destination point for organized crime syndicates.
Data analytics is increasingly used by Indian companies to strengthen industrial processes, confirm adequate documentation, and confirm proper authorizations. Data analytics drives the crime risk report market significantly by revising the vendor selection process and adopting a strong policy.
The potential end users, like businessmen, suppliers, manufacturers, and other entities, can leverage data analytics into crime risk report descriptions to improve anti-fraud training for procurement personnel. The crime risk reports, along with data analytics, also help in the identification of unusual bid patterns.
Crime Risk Report Market Opportunities
Technological innovation presents substantial growth opportunities. Machine learning and AI can analyze historical and real-time crime data to generate precise risk scores. Integration of crime data with geospatial platforms enables interactive mapping tools for realtors and insurance adjusters. There is also a growing demand for subscription-based services that provide continuous updates on crime trends.
Crime Risk Report Market Challenges
Data inconsistency across different jurisdictions remains a challenge. Not all municipalities report crime data uniformly, which affects report accuracy. Moreover, over-reliance on crime scores in real estate can lead to neighborhood stigmatization and potential bias in lending or property valuations.
Crime Risk Report Market Regional Insights
The U.S. dominates this market segment, with companies like CoreLogic and NeighborhoodScout offering crime analytics specifically for property investors and insurers. Europe is catching up with stronger regulations around data transparency. Emerging markets in Latin America and Southeast Asia are showing interest but face challenges with data reliability.
Crime Risk Report Market Recent Developments
New AI-driven tools are now capable of providing hyperlocal crime risk assessments, helping realtors and insurers refine their service offerings. Additionally, partnerships between crime data providers and real estate listing websites are making crime information more accessible to the public, influencing buyer behavior more directly than ever.
- In August 2024, the International Consortium on Combating Wildlife Crime announced the launch of its 2023 annual report, which highlights the success of countries supported by ICCWC in combating wildlife and forest crime.
- In March 2024, the U.S. Department of Justice (DOJ) announced the launch of a new whistleblower pilot program to report corporate misconduct to the department.
Crime Risk Report Market Companies
- Fenergo
- CAP Index Inc.
- Fiserv Inc.
- IBM
- SAP SE
- Oracle
- ACI Worldwide
- Intelligent Direct Inc.
- London Stock Exchange Group Plc
Segments Covered in the Report
By Type
- Financial and Cybercrime
- Property Crime
By Deployment
- On-Premise
- Cloud
By Application
- Government
- BFSI
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa