The U.S. Accounts for Over 34.2% of the Global Market Size in 2020, While China is Forecast to Grow at an 18.7% CAGR for the Period of 2020-2027
The Fraud Detection and Prevention market in the U.S. is estimated at US$6.7 Billion in the year 2020. The country currently accounts for a 34.22% share in the global market. China, the world’s second-largest economy, is forecast to reach an estimated market size of US$9.5 Billion in the year 2027 trailing a CAGR of 18.7% through 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.5% and 13.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 13.5% CAGR while the Rest of the European market (as defined in the study) will reach US$9.5 Billion by the year 2027.
Read more: https://www.prnewswire.com/news-releases/global-fraud-detection-and-prevention-market-2021-2027—booming-e-commerce-industry-aggravates-the-risk-of-fraud-301326934.html
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