Fraud Detection and Prevention Market worth $65.8 billion by 2026 – Exclusive Report by MarketsandMarkets™
CHICAGO, March 14, 2022 /PRNewswire/ — According to a research report “Fraud Detection and Prevention Market by Solution (Fraud Analytics, Authentication, and GRC), Service (Managed and Professional), Vertical (BFSI, Retail and eCommerce, and Travel and Transportation), Deployment Mode and Region – Global Forecast to 2026“, published by MarketsandMarkets™, the size of the FDP market is expected to grow from USD 24.8 billion in 2021 to USD 65.8 billion by 2026 at a CAGR of 21.5%. Increasing adoption of IoT and digital solutions, increasing revenue losses due to frauds, and growing adoption of analytics for fraud detection across industries are some of the key factors that are driving the market growth. However, rising cases of complex frauds instances such as digital scams that require highly professional expertise is one of the factors that is hindering the market growth
Hugh Taylor
Hugh Taylor is a Certified Information Security Manager (CISM). In addition to editing Journal of Cyber Policy, he writes about cybersecurity, compliance and enterprise technology for such clients as Microsoft, IBM, SAP, HPE, Oracle, Google and Advanced Micro Devices. Prior to launching his freelance writing career, he served in executive roles at Microsoft, IBM and several venture-backed technology startups.