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).

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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

High Demand for Smart Vision Sensors to Propel Vision Sensor Market Growth

The vision sensor market generated revenue worth $2.5 billion in 2019 and is expected to reach $9.2 billion by 2030, while displaying a CAGR of 12.7% during the forecast period. The growth will be driven by the surging demand for vision sensors from the automobile industry, advent of Industry 4.0, and increasing adoption of smart vision sensors.

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Vision Sensor Market – Latest Trends and Demand Forecast, 2020-2030

The global vision sensor market is predicted to register a CAGR of 12.7% between 2020 and 2030, reaching $9.2 billion by 2030 from $2.5 billion in 2019. Among all the regions, Asia-Pacific is expected to register the fastest growth during the forecas

What Are Applications of IoT in Manufacturing?

The objective of the Internet of Things (IoT) is to connect things into cooperative networks. This comes after a change in design from segmented machines to monolithic ones. To put it another way, the IoT is about microprocessing and dividing big systems into numerous smaller ones. This makes monitoring the network, maintaining it, and updating it much simpler.

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IoT in Manufacturing Market Outlook and Opportunities, 2030

The global IoT in manufacturing market is estimated to generate $62.1 billion revenue in 2021, and it is expected to grow at a CAGR of 13.9% during 2021–2030. The growing adoption of AI is one of the key trends being observed.