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FELTON, Calif., Feb. 3, 2021 /PRNewswire/ The global fraud detection & prevention market size is anticipated to reach USD 56.56 billion until 2025. It is anticipated to register growth with 18.9% CAGR during the forecasted period, 2018 to 2025. This growth can be attributed to the rising need for providing cyber security prevailing among several organizations to gain the trust of customers and securing their data.
The organizational segment of large enterprises dominated the global market with share of 75.0%, in 2018 due to their ability to spend more and availability of cyber-technical expertise for preventing and detecting the fraud. The SMBs (Small and Medium Businesses) have also started adopting these solutions due to stringent governing policies and mounting looses prevailing among them due to such frauds. ....

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