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Stainless Steel 310 Wire Suppliers In Mumbai | #stainless Steel 310 Wire Manufacturers # Stainless Steel 310 Wire Exporters # Stainless Steel 310 Wire Suppliers # Stainless Steel 310 Wire Importers # Stainless Steel 310 Wire Stockists

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Fraud Detection and Prevention Market To Witness a CAGR of 15.1% during 2019–2024

Factors such as the surging usage of artificial intelligence (AI) and machine learning (ML) for minimizing fraudulent activities, increasing need to protect the online banking and insurance sectors, and rising frequency of phone scamming against the geriatric population are expected to drive the growth of the fraud detection and prevention market at a CAGR of 15.1% during the foreseeable period (2019–2024). According to P&S Intelligence, the market size is projected to reach $47,903.1 million by 2024 from $20,614.4 million in 2018. Moreover, the market is witnessing a trend of surging usage of the hybrid analytical approach.

The surging concern about mobile frauds is one of the main factors boosting the fraud detection and prevention market growth. The number of online transactions through mobile devices is surpassing that of transactions through desktop devices across the world. This leads to the rise in cases of fraudulent activities. For instance, around 30% of all the vulnerable transactions were made through mobile devices in 2018, and this percentage increased to about 49% in 2019. Moreover, cybercriminals are widely using mobile emulators that operate to mimic various iOS- and Android-based mobile devices.

Based on enterprise, the fraud detection and prevention market is classified into large enterprises and small and medium-sized enterprises (SMEs). Out of these, the large enterprises category accounted for a larger market share in 2018, and it is expected to witness the same trend during the forecast period as well. This is due to the fact that large enterprises are more prone to both external and internal threats, as these organizations are more technologically active and have complex business operations. Also, these firms are increasingly deploying cloud-based and analytic solutions.

Moreover, on the basis of deployment type, the fraud detection and prevention market is classified into on-premises and cloud-based. Between the two, the cloud-based category is projected to record faster growth during the forecast period. This can be attributed to the increasing preference of end users for cloud-based fraud detection and prevention solutions, as this mode of deployment allows them to store and access vast amounts of data and keep track on operations security in a relatively convenient manner in real-time.

Globally, the North American fraud detection and prevention market accounted for the largest share in 2018, and it is also expected to maintain the same trend in the coming years. This is mainly due to the surging adoption of cloud solutions by large enterprises and SMEs for several operations. This is leading to the rising number of fraudulent activities in the region. Furthermore, the robust research and development (R&D) for the integration of advanced technologies in fraud detection and prevention systems will drive the regional market growth.

Thus, the surging usage of AI and ML for minimizing fraudulent activities and the rising frequency of phone scamming against the geriatric population are projected to propel the market growth in the coming years.

Read More: https://www.psmarketresearch.c....om/market-analysis/f

Fraud Detection and Prevention Market Outlook, 2024
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Fraud Detection and Prevention Market Outlook, 2024

Fraud detection and prevention market is expected to witness a CAGR of 15.1% during 2019–2024, according to P&S Intelligence
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Lyster Exteriors has the most competitive pricing of any Kalamazoo Roofing Contractor that adheres to the highest level of roofing installation standards. Fully licensed, bonded & insured our crew is a close-knit team of roofing pros that gives extra attention to the details of our roofing process that make your Kalamazoo Roofing project go smoothly & efficiently. We personally commit to giving you the best value for your money with the strongest lifetime warranty in the business! From the initial phone call to the final clean-up, our company’s focus is on the “customer experience” ensuring that your roofing project will always be professionally handled by our experienced and courteous staff. Whether you have an emergency roof leak or would like to schedule a free roofing or exterior home improvement estimate, please contact Lyster Exteriors at 1-855-LYSTERS! Choosing a Kalamazoo Roofing Contractor is easy…after you meet with us!

Lyster Exteriors is your best choice for Roof Replacement, New Roof Installation, Roof Repairs, Roof Maintenance, Windows, Siding, Gutters, Doors and all of your other exterior home improvement needs. Give us a call today!

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