Fraud Detection And Prevention Market Analysis, Size, Research and Economic Growth Report by 2030

Fri, 06 Dec 2024 07:44:58 +0000

The global fraud detection and prevention market was valued at USD 33.13 billion in 2024 and is projected to grow at a CAGR of 18.7% from 2025 to 2030. One of the primary drivers is the increasing sophistication of cyberattacks, which has led businesses across various sectors, such as banking, e-commerce, and healthcare, to adopt advanced fraud detection solutions. The rise in online transactions has also significantly contributed to this growth, as more consumers engage in digital payments, creating opportunities for fraudsters to exploit vulnerabilities.