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The market is expected to record a value of around USD 2,200 million by 2028.
The global social media fraud detection market is expected to achieve a CAGR of 18.80% during the forecast period, i.e. 2020-2028.
In the recent past, a significant increase in the number of users on social media platforms have been observed. This has led to a rise in fraudulent activities on these platforms. People with malicious motives try and steal sensitive information or end up providing misleading data to users globally. Social media fraud detection solutions help to save millions of dollars annually by securing the data of individuals and organizations.