The Total Economic Impact™ Of SHIELD’s Device-First Fraud Intelligence For inDrive
SHIELD, the device-first fraud intelligence platform, today releases its commissioned Total Economic Impact™ (TEI) study conducted by Forrester Consulting, quantifying the potential return on investment for companies who invest in SHIELD’ s Device Intelligence solution. India’s ride-hailing market, expected to grow by 9.10% from 2024 to 2029, is projected to reach a market volume of $11.64 billion by 2029. However, this rapid expansion has also led to an increase in fraudulent activities (Statista).
SHIELD’s fraud intelligence platform plays a crucial role in addressing these challenges, safeguarding the integrity of the ecosystem. SHIELD's insights reveal that over 20% of user accounts on Indian tech platforms are likely fake, severely affecting trust and revenue.
The study evaluates investment value based on cost, benefits, flexibility, and risk, and found a substantial 1377% return on investment (ROI) for global mobility platform inDrive.
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