Fraud Detection Market Surges to $63.2B: Fiserv, FIS, LexisNexis, TransUnion Dominate
Jakson25816 Sep, 2024Technology
The global fraud detection and prevention (FDP) market is expected to grow from $28.8 billion in 2024 to $63.2 billion by 2029, at a 17.0% CAGR. This rapid expansion is driven by increasing regulatory compliance requirements, pushing organizations to implement advanced solutions to combat financial crimes and safeguard consumer interests. As regulations tighten, the demand for robust fraud prevention strategies continues to rise.
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