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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.

𝗛𝗼𝘄 𝗧𝗼𝗽 𝗚𝗶𝗮𝗻𝘁𝘀 𝗔𝗿𝗲 𝗦𝗵𝗮𝗽𝗶𝗻𝗴 𝘁𝗵𝗲 𝗙𝘂𝘁𝘂𝗿𝗲 𝗼𝗳 𝘁𝗵𝗲 𝗣𝗮𝘆𝗺𝗲𝗻𝘁 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝘄𝗶𝘁𝗵 𝗕𝗡𝗣𝗟 According to the Next Move Strategy Consulting analysis, the global buy now pay later (BNPL) market is experiencing rapid growth, with its value estimated at USD 146.16 billion in 2023. This market is projected to expand nearly sevenfold over the next decade, reaching approximately USD 725.37 billion by 2030. This growth trajectory is primarily driven by the increasing popularity of online shopping, as consumers seek more flexible payment options to manage their purchases. Additionally, the surge in e-commerce sales, particularly in consumer electronics and retail goods, is fueling the demand for BNPL services. As more consumers embrace digital shopping experiences, the convenience and accessibility of BNPL options are becoming integral to the online retail landscape, further accelerating the market's expansion.

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