The Asia Pacific Crime Risk Report Market would witness market growth of 20.6% CAGR during the forecast period (2024-2031).
The China market dominated the Asia Pacific Crime Risk Report Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $2,419.6 million by 2031. The Japan market is registering a CAGR of 19.9% during (2024 - 2031). Additionally, The India market would showcase a CAGR of 21.4% during (2024 - 2031).
Businesses face increasing security threats, ranging from theft and fraud to vandalism and cybercrime. Identifying security risks in office locations helps businesses invest in access control systems, surveillance, and employee training to improve safety. Retail stores use crime risk data to determine high-theft zones, peak crime hours, and potential shoplifting risks, enabling them to implement security protocols such as enhanced CCTV monitoring and security personnel deployment.
Banks and financial institutions use these reports to assess fraud risks, ATM theft vulnerabilities, and money laundering trends, helping them comply with Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations. Companies in transportation and logistics use these reports to assess crime risks along shipping routes, ensuring the safe movement of goods and reducing the chances of theft and cargo hijacking.
India’s banking sector has experienced significant expansion, with the percentage of people having bank accounts rising from 53% in FY16 to 78% in FY21. The presence of over 1.6 lakh bank branches and 2.17 lakh ATMs, nearly half of which are in rural and semi-urban areas, has improved financial inclusion but also increased the risk of financial fraud, cybercrime, and banking-related security threats. As digital banking and online transactions grow, financial institutions rely on these reports to monitor fraudulent activities, assess regional crime trends, and enhance fraud detection systems. China’s retail sector continues to expand, with consumer goods sales growing by 3.5% year-over-year in 2024, reaching 48.79 trillion yuan. This growth in retail activity has increased the risk of financial fraud, shoplifting, organized retail crime, and cyber-related retail scams. Retailers, e-commerce platforms, and payment processors increasingly invest in these reports to analyze fraud trends, optimize loss prevention strategies, and safeguard digital transactions. The growing adoption of crime analytics tools in China’s retail sector is expected to drive the expansion of the market as businesses seek to protect their financial assets and customers from emerging threats. In conclusion, the increasing digital and financial footprint in India’s banking sector and China’s retail industry is fuelling the demand for crime risk reports.
Free Valuable Insights: The Global Crime Risk Report Market is Predict to reach USD 30.92 Billion by 2031, at a CAGR of 20.0%
Based on Deployment, the market is segmented into Cloud and On-premise. Based on Type, the market is segmented into Financial & Cybercrime, Property Crime, Personal Crime, and Other Type. Based on Application, the market is segmented into Government, BFSI, Real Estate, and Other Application. Based on countries, the market is segmented into China, Japan, India, South Korea, Australia, Malaysia, and Rest of Asia Pacific.
By Deployment
By Type
By Application
By Country
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