Fraud Detection and Prevention Market � Global Industry Analysis and Forecast

Komal2024 Jul, 2024Other

Fraud Detection and Prevention Market size was valued at US$ 26.77 Bn. in 2022 and the total revenue is expected to grow at a CAGR of 13.2% through 2023 to 2029, reaching nearly US$ 63.76 Bn. Fraud Detection and Prevention Market Overview: Money laundering, cybersecurity concerns, tax evasion, false insurance claims, identity theft, and terrorist financing are all examples of fraudulent actions that occur in the financial institutions, government, healthcare, public sector, and insurance sectors. Organizations are implementing modern fraud detection and prevention technologies and risk management strategies to combat this growing list of opportunities for fraudulent transactions.