Fraud Detection And Prevention Market Worth $66.6 Billion By 2028

The global Fraud Detection and Prevention Market size is projected to grow from USD 27.7 billion in 2023 to USD 66.6 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 19.1%. The growth of the FDP market is driven by factors such as the widespread utilization of digital technologies and IoT across various industries, the surge in revenue losses and chargebacks caused by fraudulent activities, and the growing adoption of fraud analytics and risk-based authentication solutions to combat fraud. Major vendors in the global FDP market include Fiserv, FIS Global, LexisNexis Risk Solutions, BAE Systems, and TransUnion.