𝗜𝗕𝗠, 𝗢𝗿𝗮𝗰𝗹𝗲, 𝗮𝗻𝗱 𝗦𝗔𝗣 𝗟𝗲𝗮𝗱𝗶𝗻𝗴 𝘁𝗵𝗲 𝗙𝗿𝗮𝘂𝗱 𝗗𝗲𝘁𝗲𝗰𝘁𝗶𝗼𝗻 𝗠𝗮𝗿𝗸𝗲𝘁: 𝗞𝗲𝘆 𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗲𝘀 𝗮𝗻𝗱 𝗜𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝗼𝗻𝘀

The global fraud detection and prevention market was valued at USD 37.97 billion in 2023 and is expected to experience significant growth till 2030, as per the analysis by Next Move Strategy Consulting. The market is projected to nearly quadruple by reaching an estimated value of USD 117.01 billion by 2030. This growth is driven by increasing government initiatives to combat fraudulent activities and the frequency of cyber-attacks, and fraudulent activities. The integration of artificial intelligence (AI) into fraud detection systems is significantly enhancing the ability to identify and mitigate these activities in real time. Additionally, the rising adoption of digital payment systems and e-commerce platforms is fueling the demand for robust fraud prevention solutions, as businesses seek to protect their operations and customers from evolving risks.