According to the report published by Allied Market Research, the global fraud detection & prevention market generated $29.80 billion in 2021, and is estimated to reach $241.23 billion by 2031, witnessing a CAGR of 23.8% from 2022 to 2031. Emergence of big data analytics and cloud computing services along with rise in mobile payments drive …
Continue reading “Fraud Detection & Prevention Market Value to Exceed USD 241.23 Billion by 2031”
Emergence of big data analytics and cloud computing services along with rise in mobile payments drive the growth of the global Fraud Detection & Prevention Market. However, high cost of fraud detection & prevention solutions restrains the market growth. On the other hand, technological advancements and rise in adoption of anti-fraud management system solutions in …
Need for strong authentication methods is expected to create a number of opportunities for the key players in the industry. The emergence of big data analytics, rise in demand for cloud-based security solutions and rapid increase in mobile banking fuel the growth of the global fraud detection & prevention market. Major industry players such as- …
