Insurance Fraud Detection

Abstract:

Global Insurance Fraud Detection Market to Reach $12.8 Billion by 2027

Amid the COVID-19 crisis, the global market for Insurance Fraud Detection estimated at US$3 Billion in the year 2020, is projected to reach a revised size of US$12.8 Billion by 2027, growing at a CAGR of 22.8% over the analysis period 2020-2027. Fraud Analytics, one of the segments analyzed in the report, is projected to record a 24.4% CAGR and reach US$4.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Authentication segment is readjusted to a revised 23% CAGR for the next 7-year period.

The U.S. Market is Estimated at $912.3 Million, While China is Forecast to Grow at 22.2% CAGR

The Insurance Fraud Detection market in the U.S. is estimated at US$912.3 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.2 Billion by the year 2027 trailing a CAGR of 22.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 20.4% and 19.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 15.9% CAGR.

Governance, Risk & Compliance Segment to Record 21.9% CAGR

In the global Governance, Risk & Compliance segment, USA, Canada, Japan, China and Europe will drive the 21.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$486.3 Million in the year 2020 will reach a projected size of US$1.9 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.5 Billion by the year 2027.

Select Competitors (Total 36 Featured) -

• ACI Worldwide, Inc.
• BAE Systems, PLC
• Bridgei2i Analytics Solutions
• Datawalk, Inc.
• DXC Technology Co.
• Experian PLC
• Fair Isaac Corp.
• Fiserv, Inc.
• FRISS
• IBM Corp.
• Infogix, Inc.
• Kount, Inc.
• LexisNexis Risk Solutions, Inc.
• NCR Corp.
• Oracle Corp.
• SAP SE
• SAS Institute, Inc.
• Scorto, Inc.
• TransUnion, LLC
• Wipro, Ltd.

TABLE OF CONTENTS

I. METHODOLOGY

II. EXECUTIVE SUMMARY

• 1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
• 2. FOCUS ON SELECT PLAYERS
• 3. MARKET TRENDS & DRIVERS
• 4. GLOBAL MARKET PERSPECTIVE
  • TABLE 1: World Current & Future Analysis for Insurance Fraud Detection by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • TABLE 2: World 7-Year Perspective for Insurance Fraud Detection by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2020 & 2027
  • TABLE 3: World Current & Future Analysis for Fraud Analytics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • TABLE 4: World 7-Year Perspective for Fraud Analytics by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
  • TABLE 5: World Current & Future Analysis for Authentication by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • TABLE 6: World 7-Year Perspective for Authentication by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
  • TABLE 7: World Current & Future Analysis for Governance, Risk & Compliance by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • TABLE 8: World 7-Year Perspective for Governance, Risk & Compliance by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
  • TABLE 9: World Current & Future Analysis for Other Components by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • TABLE 10: World 7-Year Perspective for Other Components by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
  • TABLE 11: World Current & Future Analysis for Large Enterprises by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • TABLE 12: World 7-Year Perspective for Large Enterprises by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
  • TABLE 13: World Current & Future Analysis for SMEs by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • TABLE 14: World 7-Year Perspective for SMEs by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027

III. MARKET ANALYSIS

• UNITED STATES
  • TABLE 15: USA Current & Future Analysis for Insurance Fraud Detection by Component - Fraud Analytics, Authentication, Governance, Risk & Compliance and Other Components - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • TABLE 16: USA 7-Year Perspective for Insurance Fraud Detection by Component - Percentage Breakdown of Value Sales for Fraud Analytics, Authentication, Governance, Risk & Compliance and Other Components for the Years 2020 & 2027
  • TABLE 17: USA Current & Future Analysis for Insurance Fraud Detection by Organization Size - Large Enterprises and SMEs - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • TABLE 18: USA 7-Year Perspective for Insurance Fraud Detection by Organization Size - Percentage Breakdown of Value Sales for Large Enterprises and SMEs for the Years 2020 & 2027
• CANADA
  • TABLE 19: Canada Current & Future Analysis for Insurance Fraud Detection by Component - Fraud Analytics, Authentication, Governance, Risk & Compliance and Other Components - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • TABLE 20: Canada 7-Year Perspective for Insurance Fraud Detection by Component - Percentage Breakdown of Value Sales for Fraud Analytics, Authentication, Governance, Risk & Compliance and Other Components for the Years 2020 & 2027
  • TABLE 21: Canada Current & Future Analysis for Insurance Fraud Detection by Organization Size - Large Enterprises and SMEs - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • TABLE 22: Canada 7-Year Perspective for Insurance Fraud Detection by Organization Size - Percentage Breakdown of Value Sales for Large Enterprises and SMEs for the Years 2020 & 2027
• JAPAN
  • TABLE 23: Japan Current & Future Analysis for Insurance Fraud Detection by Component - Fraud Analytics, Authentication, Governance, Risk & Compliance and Other Components - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • TABLE 24: Japan 7-Year Perspective for Insurance Fraud Detection by Component - Percentage Breakdown of Value Sales for Fraud Analytics, Authentication, Governance, Risk & Compliance and Other Components for the Years 2020 & 2027
  • TABLE 25: Japan Current & Future Analysis for Insurance Fraud Detection by Organization Size - Large Enterprises and SMEs - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • TABLE 26: Japan 7-Year Perspective for Insurance Fraud Detection by Organization Size - Percentage Breakdown of Value Sales for Large Enterprises and SMEs for the Years 2020 & 2027
• CHINA
  • TABLE 27: China Current & Future Analysis for Insurance Fraud Detection by Component - Fraud Analytics, Authentication, Governance, Risk & Compliance and Other Components - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • TABLE 28: China 7-Year Perspective for Insurance Fraud Detection by Component - Percentage Breakdown of Value Sales for Fraud Analytics, Authentication, Governance, Risk & Compliance and Other Components for the Years 2020 & 2027
  • TABLE 29: China Current & Future Analysis for Insurance Fraud Detection by Organization Size - Large Enterprises and SMEs - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • TABLE 30: China 7-Year Perspective for Insurance Fraud Detection by Organization Size - Percentage Breakdown of Value Sales for Large Enterprises and SMEs for the Years 2020 & 2027
• EUROPE
  • TABLE 31: Europe Current & Future Analysis for Insurance Fraud Detection by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • TABLE 32: Europe 7-Year Perspective for Insurance Fraud Detection by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2020 & 2027
  • TABLE 33: Europe Current & Future Analysis for Insurance Fraud Detection by Component - Fraud Analytics, Authentication, Governance, Risk & Compliance and Other Components - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • TABLE 34: Europe 7-Year Perspective for Insurance Fraud Detection by Component - Percentage Breakdown of Value Sales for Fraud Analytics, Authentication, Governance, Risk & Compliance and Other Components for the Years 2020 & 2027
  • TABLE 35: Europe Current & Future Analysis for Insurance Fraud Detection by Organization Size - Large Enterprises and SMEs - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • TABLE 36: Europe 7-Year Perspective for Insurance Fraud Detection by Organization Size - Percentage Breakdown of Value Sales for Large Enterprises and SMEs for the Years 2020 & 2027
• FRANCE
  • TABLE 37: France Current & Future Analysis for Insurance Fraud Detection by Component - Fraud Analytics, Authentication, Governance, Risk & Compliance and Other Components - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • TABLE 38: France 7-Year Perspective for Insurance Fraud Detection by Component - Percentage Breakdown of Value Sales for Fraud Analytics, Authentication, Governance, Risk & Compliance and Other Components for the Years 2020 & 2027
  • TABLE 39: France Current & Future Analysis for Insurance Fraud Detection by Organization Size - Large Enterprises and SMEs - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • TABLE 40: France 7-Year Perspective for Insurance Fraud Detection by Organization Size - Percentage Breakdown of Value Sales for Large Enterprises and SMEs for the Years 2020 & 2027
• GERMANY
  • TABLE 41: Germany Current & Future Analysis for Insurance Fraud Detection by Component - Fraud Analytics, Authentication, Governance, Risk & Compliance and Other Components - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • TABLE 42: Germany 7-Year Perspective for Insurance Fraud Detection by Component - Percentage Breakdown of Value Sales for Fraud Analytics, Authentication, Governance, Risk & Compliance and Other Components for the Years 2020 & 2027
  • TABLE 43: Germany Current & Future Analysis for Insurance Fraud Detection by Organization Size - Large Enterprises and SMEs - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • TABLE 44: Germany 7-Year Perspective for Insurance Fraud Detection by Organization Size - Percentage Breakdown of Value Sales for Large Enterprises and SMEs for the Years 2020 & 2027
• ITALY
  • TABLE 45: Italy Current & Future Analysis for Insurance Fraud Detection by Component - Fraud Analytics, Authentication, Governance, Risk & Compliance and Other Components - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • TABLE 46: Italy 7-Year Perspective for Insurance Fraud Detection by Component - Percentage Breakdown of Value Sales for Fraud Analytics, Authentication, Governance, Risk & Compliance and Other Components for the Years 2020 & 2027
  • TABLE 47: Italy Current & Future Analysis for Insurance Fraud Detection by Organization Size - Large Enterprises and SMEs - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • TABLE 48: Italy 7-Year Perspective for Insurance Fraud Detection by Organization Size - Percentage Breakdown of Value Sales for Large Enterprises and SMEs for the Years 2020 & 2027
• UNITED KINGDOM
  • TABLE 49: UK Current & Future Analysis for Insurance Fraud Detection by Component - Fraud Analytics, Authentication, Governance, Risk & Compliance and Other Components - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • TABLE 50: UK 7-Year Perspective for Insurance Fraud Detection by Component - Percentage Breakdown of Value Sales for Fraud Analytics, Authentication, Governance, Risk & Compliance and Other Components for the Years 2020 & 2027
  • TABLE 51: UK Current & Future Analysis for Insurance Fraud Detection by Organization Size - Large Enterprises and SMEs - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • TABLE 52: UK 7-Year Perspective for Insurance Fraud Detection by Organization Size - Percentage Breakdown of Value Sales for Large Enterprises and SMEs for the Years 2020 & 2027
• REST OF EUROPE
  • TABLE 53: Rest of Europe Current & Future Analysis for Insurance Fraud Detection by Component - Fraud Analytics, Authentication, Governance, Risk & Compliance and Other Components - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • TABLE 54: Rest of Europe 7-Year Perspective for Insurance Fraud Detection by Component - Percentage Breakdown of Value Sales for Fraud Analytics, Authentication, Governance, Risk & Compliance and Other Components for the Years 2020 & 2027
  • TABLE 55: Rest of Europe Current & Future Analysis for Insurance Fraud Detection by Organization Size - Large Enterprises and SMEs - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • TABLE 56: Rest of Europe 7-Year Perspective for Insurance Fraud Detection by Organization Size - Percentage Breakdown of Value Sales for Large Enterprises and SMEs for the Years 2020 & 2027
• ASIA-PACIFIC
  • TABLE 57: Asia-Pacific Current & Future Analysis for Insurance Fraud Detection by Component - Fraud Analytics, Authentication, Governance, Risk & Compliance and Other Components - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • TABLE 58: Asia-Pacific 7-Year Perspective for Insurance Fraud Detection by Component - Percentage Breakdown of Value Sales for Fraud Analytics, Authentication, Governance, Risk & Compliance and Other Components for the Years 2020 & 2027
  • TABLE 59: Asia-Pacific Current & Future Analysis for Insurance Fraud Detection by Organization Size - Large Enterprises and SMEs - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • TABLE 60: Asia-Pacific 7-Year Perspective for Insurance Fraud Detection by Organization Size - Percentage Breakdown of Value Sales for Large Enterprises and SMEs for the Years 2020 & 2027
• REST OF WORLD
  • TABLE 61: Rest of World Current & Future Analysis for Insurance Fraud Detection by Component - Fraud Analytics, Authentication, Governance, Risk & Compliance and Other Components - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • TABLE 62: Rest of World 7-Year Perspective for Insurance Fraud Detection by Component - Percentage Breakdown of Value Sales for Fraud Analytics, Authentication, Governance, Risk & Compliance and Other Components for the Years 2020 & 2027
  • TABLE 63: Rest of World Current & Future Analysis for Insurance Fraud Detection by Organization Size - Large Enterprises and SMEs - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • TABLE 64: Rest of World 7-Year Perspective for Insurance Fraud Detection by Organization Size - Percentage Breakdown of Value Sales for Large Enterprises and SMEs for the Years 2020 & 2027

IV. COMPETITION

• Total Companies Profiled: 36