Market Research Report
Global Insurance Fraud Detection Market 2019-2025
|Published by||Orion Market Research Pvt Ltd||Product code||920457|
Delivery time: 2-3 business days
|Global Insurance Fraud Detection Market 2019-2025|
|Published: December 30, 2019||Content info:||
Global Insurance Fraud Detection Market Size, Share & Trends Analysis Report by Solution (fraud analytics, authentication) By Services (professional, managed) By deployment type (cloud, on-premises) By industry vertical (BFSI, Retail, Healthcare, Real estate, manufacturing, others) By end-users (SMEs, large enterprise) forecast period (2019-2025)
Insurance fraud detection is anticipated to grow at a CAGR of 10.3% during the forecast period. The factors include enhancing the operational efficiency, expanding the customer experience, manage a large volume of identities through organization effectively, stringent regulatory compliances and growing adoption of advanced analytical techniques are boosting the growth of the insurance fraud detection industry. The fraud detection system is a software application that is utilized to offer analytical solutions against fraud incidence and enables to identify future occurrences.
The global insurance fraud detection market is segmented on the basis of component, deployment type, and end-user. Based on the deployment type, the market is segmented into the cloud and on-premises. Based on end-user, the market is segmented into SMEs and large enterprises. Based on the solution, the market is segmented into fraud analytics and authentication. The global market is further segmented based on geography including North America, Europe, Asia-Pacific and Rest of the World. North America is expected to hold the largest share in terms of revenue in the insurance fraud detection market owing to large trends that include bring your own device, IoT and growing cloud adoption and increasing internal and external threats is propelling the growth of the market.
The key players of the insurance fraud detection market include IBM Corp, Oracle Corp, SAS Institute Inc., Fair Isaac Corp, SAP SE, BAE Systems, PLC, ACI Worldwide, Inc., NCR Corp., Experian, PLC, FRISS, Software AG, and BRIDGEi2i Analytics Solutions.
The market study of the global insurance fraud detection market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include
The report is intended for banking and finance companies, and other related companies for overall market analysis and competitive analysis. The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
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