Fraud Detection And Prevention Market size is set to grow by USD 47.39 billion from 2022-2027 | The growing adoption of cloud-based service to drive the market growth- Technavio
NEW YORK, Nov. 28, 2023 /PRNewswire/ -- The fraud detection and prevention market size is estimated to increase by USD 47.39 billion from 2022 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 20.22% during the forecast period. The growth of the fraud detection and prevention market is significantly driven by the increased adoption of cloud-based services. Government agencies increasingly choose cloud-based solutions due to their versatility and scalability, catering to various needs like authentication, video management, biometric storage, and big data processing. Cloud data security becomes a paramount concern for agencies handling massive daily data volumes, prompting the adoption of cloud services, especially among defense organizations lacking dedicated security infrastructure. Consequently, the rise in cloud-based service adoption and increased security needs improve the demand for military-grade cybersecurity solutions, thus boosting the growth of the fraud detection and prevention market during the forecast period. For more insights on the historic (2017 to 2021) and forecast market size (2023 to 2027) - buy the report
Global Fraud Detection And Prevention Market - Segmentation Assessment
Global Fraud Detection And Prevention Market – Market Dynamics
Major challenges hindering the market growth
Insights on Market Drivers, trends, & Challenges, historic period(2017 to 2021) and forecast period(2023 to 2027)- Request a sample report
What are the key data covered in this Fraud Detection And Prevention Market report?
Predictive Analytics Market: The predictive analytics market size is estimated to grow at a CAGR of 22.24% between 2022 and 2027. The market size is forecast to increase by USD 2,1601.17 million.
Healthcare Fraud Detection Market: The healthcare fraud detection market share is expected to increase by USD 1.26 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 14.26%.
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