Global Threat of Cyber Attacks Is Spurring the Fraud Detection and Prevention Market Growth>
Cision PR Newswire – Financialbuzz.Com
According to data compiled by Marketsand Markets research, the global fraud detection and prevention (FDP) market is projected to grow from USD 19.5 Billion in 2018 to USD 63.5 Billion 2023. Additionally, the market is projected to register a CAGR of 26.6%. The FDP market will be accelerated by the growth of electronic transactions and companies’ increasingly losing revenue due to cyber-attacks. Glance Technologies Inc. (OTC: GLNNF), Cisco Systems, Inc. (NASDAQ: CSCO), Oracle Corporation (NYSE: ORCL), Proofpoint, Inc. (NASDAQ: PFPT), Juniper Networks, Inc. (NYSE: JNPR) The retail segment is expected to witness the highest CAGR during the forecast period due to the large amount of fraudulent incidents.
Link: https://www.prnewswire.com/news-releases/global-threat-of-cyber-attacks-is-spurring-the-fraud-detection-and-prevention-market-growth-815814026.html