Fraud Detection And Prevention Market Projected To Reach USD 90.07 Billion By 2030
San Francisco, 3 Sep 2024: The Report Fraud Detection And Prevention Market Size, Share & Trends Analysis Report By Component, By Solution, By Service, By Application, By Organization Size, By Vertical, By Region, And Segment Forecasts, 2023 - 2030 The global fraud detection and prevention market size is anticipated to reach USD 90.07 billion by 2030, growing at a CAGR of 17.6% from 2023 to 2030, according to a recent study by Grand View Research, Inc. The proliferation of smartphones and the continued rollout of high-speed internet networks has triggered the adoption of mobile banking practices. Mobile banking helps reduce the crowds at banks and allows users to transact irrespective of location. According to a GSMA report, nearly 300 million individuals got connected for the first time to mobile internet in 2018, thereby taking the total global connected population to over 3.5 billion. While mobile-based payment applications, such as Paytm, Apple Pay, Google Pay, and PayPal,