PUBLISHER: Acute Market Reports | PRODUCT CODE: 1244169
PUBLISHER: Acute Market Reports | PRODUCT CODE: 1244169
Insurance Fraud Detection Market - Growth, Future Prospects and Competitive Analysis, 2023 - 2031
Throughout the forecast period 2023-2031, analysts anticipate the global market for insurance fraud detection to demonstrate a CAGR of 15.21%. Because of the rapid adoption of insurance fraud detection technology among organizations in this region, North America is anticipated to hold the largest market size in the detection of insurance fraud and is anticipated to hold the maximum market during the forecast period. The presence of a large number of insurance fraud detection solutions and service providers in this region is also expected to drive market growth during the forecast period. Additionally, the rise in threats and vulnerabilities, as well as government compliances, are expected to drive the market. While the Asia-Pacific region is expected to grow at the fastest CAGR during the forecast period, this is expected to be driven by increasing awareness about the benefits of insurance fraud detection solutions among small and medium enterprises as well as in large enterprises to prevent various types of fraud such as payment frauds, identity theft, claim fraud, and other types of fraud that drive the market growth.
The Expansion of cyberattacks, a large number of identities, and resulting financial losses drive the market for fraud detection services and solutions
The expansion of cyberattacks, the astronomical number of identities that businesses need to manage, and the considerable financial losses that have resulted from attacks on the insurance industry are all factors that are driving the growth of the market. For example, the Federal Bureau of Investigation reports that insurance fraud is the second most common type of white-collar crime in the United States and that it is responsible for losses totaling approximately $300 million annually.
The growing prevalence of the use of digitalization
The growing use of technologies within the Banking, financial services, and insurance (BFSI) sector, including artificial intelligence, machine learning, and blockchain, has led to enormous data security vulnerabilities. In addition, as this sector of the economy becomes increasingly digitalized, the demand for data protection in the BFSI security market is continuing to increase due to the prevalence of cyberattacks and thefts. Additionally, financial organizations such as banks, financial institutions, and other financing organizations are rapidly making the transition to digitalizing their business operations. This has led to a massive increase in the adoption and implementation of various security solutions and services.
Risk of data leak by third-party services
The BFSI industry makes use of various security solutions and services due to its susceptibility to external as well as internal security threats. On the other hand, BFSI security organizations are typically third-party service providers that offer security solutions to several clients and industry verticals all at the same time. In addition to this, it may make it difficult for businesses to manage the data coming from several different companies. As a consequence of this, issues in trusting security solutions and services, as well as the possibility of engaging third parties, both of which could result in the disclosure of sensitive data, restrict the expansion of the industry.
The Authentication Solution Sector Dominates the component Market
Based on the solutions that are offered, the market may be split up into different categories: authentication, fraud analytics, governance, risk, and compliance. In 2022, the authentication solution sector was responsible for the greatest share of the total market revenue. The manual processing of insurance fraud cases is no longer used by insurance companies. The development of new technologies, such as data analytics for fraud detection, has emerged as one of the most important tools that companies use to manage the dangers and difficulties presented by the expanding fraud ecosystem. Combining data from a variety of sources allows for the development of very effective fraud detection capabilities. In addition, analytics has been of critical importance in the process of combining internal data with data from other parties, which has resulted in improved fraud detection capabilities. Through the utilization of strategies such as predictive modeling, the adoption of analytics has made fraud detection significantly more effective. As a result of this, the organization has been able to examine a variety of fraud instances, narrow down likely causes, and locate low-incidence fraud situations to conduct a more extensive investigation.
On-Premises Deployments Dominate the Market by Deployment Mode, 2022 (US$ Million)
In 2022, the market was primarily driven by the on-premises deployment segment. The organization can find and flag potentially fraudulent activity in real-time with the assistance of the fraud detection tools that are installed on-premises. When it comes to recognizing dangerous tendencies, the providers are delivering either a rule-based approach or a predictive behavioral scoring model, or both. Despite the existence of automated technologies, the organization still needs human participation to properly assess certain reports. On-premises solutions, as opposed to cloud-based services, are hence the primary method of reliance for businesses.
North America Remains as the Global Leader
In 2022, the North American region had the lion's share of the revenue pie, which was more than 42%. The expansion of the region has been bolstered by the presence of significant players such as ACI Worldwide, Inc., BAE Systems, and Fiserv, Inc., amongst others. Property, liability, and life annuities make up the three primary subsectors that make up the United States insurance industry within the North American region. The government of the United States of America has made it mandatory for its citizens to purchase health and life insurance. As a result, an enormous market was created for the insurance industry. As a consequence of this, it has created the possibility of opening the door to exploit vulnerabilities for fraudulent operations such as claims processing. According to research that was carried out by the Federal Bureau of Investigation (FBI), the overall estimated cost of insurance fraud in the U.S. is anticipated to be more than USD 40 billion each year. This is anticipated to provide development prospects for the industry.
It is predicted that the regional market in the Asia Pacific will record the highest CAGR of 18.67% during the forecast period of 2023 to 2031. To combat the widespread problem of insurance fraud in the area, local businesses have begun implementing cutting-edge technological solutions to take preventative action. In addition, an increase in expenditure on improved techniques for claims management as well as improved claims processing is predicted to be a driving force behind regional growth. This is done to assure client happiness and retention. It is anticipated that an increase in the understanding of fraud prevention techniques would lead to an increase in the demand for fraud prevention solutions.
Market to Remain Fragmented During the Forecast Period
The presence of numerous individual and comprehensive insurance fraud detection solutions providers that are active across the globe has resulted in an extremely fragmented market. Key players in this market segment include Accenture, ACI Worldwide, Inc., SAS Institute Inc., IBM Corporation, Fiserv, Inc., SAP SE, Experian Plc, BAE Systems, LexisNexis, Kount, FRISS, FICO, and others some of the most important companies in this market. The growth of small and medium firms offering individualized solutions contributes to the industry's other distinguishing feature, which is an intense rivalry. In addition, it is anticipated that suppliers of fraud detection as a service would boost market competitiveness as a result of the comprehensive and cost-effective product offers that they provide. As the number of instances of fraudulent activities continues to pose a problem for the insurance sector, fraud detection companies are anticipated to grab the opportunity presented by the changing ecosystem. It is predicted that the suppliers would offer sophisticated solutions that cater to particular issues, making it possible for an insurer to have a comprehensive fraud detection procedure.
Historical & Forecast Period
This study report represents an analysis of each segment from 2021 to 2031 considering 2022 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2023 to 2031.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Insurance Fraud Detection market are as follows:
Research and development budgets of manufacturers and government spending
Revenues of key companies in the market segment
Number of end users and consumption volume, price and value.
Geographical revenues generate by countries considered in the report
Micro and macro environment factors that are currently influencing the Insurance Fraud Detection market and their expected impact during the forecast period.
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top-down and bottom-up approaches for validation of market estimation assures logical, methodical, and mathematical consistency of the quantitative data.
Market Segmentation
Component
Solution
Fraud Analytics
Authentication
Governance, Risk, and Compliance
Others
Services
Deployment Mode
Cloud
On-premise
Application
Claims Fraud
Identity Theft
Payment Fraud and Billing Fraud
Money Laundering
End-use Vertical
Automotive
Banking, Financial Services & Insurance (BFSI)
Healthcare
IT & Telecom
Energy & Utilities
Retail
Property & Real Estate
Others (Manufacturing, etc.)
Region Segment (2021-2031; US$ Million)
North America
U.S.
Canada
Rest of North America
UK and European Union
UK
Germany
Spain
Italy
France
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East and Africa
GCC
Africa
Rest of Middle East and Africa
Key questions answered in this report
What are the key micro and macro environmental factors that are impacting the growth of Insurance Fraud Detection market?
What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
Estimated forecast and market projections up to 2031.
Which segment accounts for the fastest CAGR during the forecast period?
Which market segment holds a larger market share and why?
Are low and middle-income economies investing in the Insurance Fraud Detection market?
Which is the largest regional market for Insurance Fraud Detection market?
What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
Which are the key trends driving Insurance Fraud Detection market growth?
Who are the key competitors and what are their key strategies to enhance their market presence in the Insurance Fraud Detection market worldwide?
Table of Contents
1. Preface
- 1.1. Report Description
- 1.1.1. Purpose of the Report
- 1.1.2. Target Audience
- 1.1.3. Key Offerings
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.3.1. Phase I - Secondary Research
- 1.3.2. Phase II - Primary Research
- 1.3.3. Phase III - Expert Panel Review
- 1.3.4. Assumptions
- 1.3.5. Approach Adopted
2. Executive Summary
- 2.1. Market Snapshot: Global Insurance Fraud Detection Market
- 2.2. Global Insurance Fraud Detection Market, By Component, 2022 (US$ Million)
- 2.3. Global Insurance Fraud Detection Market, By Deployment Mode, 2022 (US$ Million)
- 2.4. Global Insurance Fraud Detection Market, By Application, 2022 (US$ Million)
- 2.5. Global Insurance Fraud Detection Market, By End-use Vertical, 2022 (US$ Million)
- 2.6. Global Insurance Fraud Detection Market, By Geography, 2022 (US$ Million)
- 2.7. Attractive Investment Proposition by Geography, 2022
- 2.8. Key Buying Criteria
- 2.9. Key Case Reports
- 2.10. Scenario Analysis
- 2.10.1. Optimistic estimates and analysis
- 2.10.2. Realistic estimates and analysis
- 2.10.3. Pessimistic estimates and analysis
- 2.11. Market Profiling
- 2.12. Sales and Marketing Plan
- 2.13. Top Market Conclusions
- 2.14. Strategic Recommendations
3. Insurance Fraud Detection Market: Competitive Analysis
- 3.1. Market Positioning of Key Insurance Fraud Detection Market Vendors
- 3.2. Strategies Adopted by Insurance Fraud Detection Market Vendors
- 3.3. Key Industry Strategies
- 3.4. Tier Analysis 2022 Versus 2031
4. Insurance Fraud Detection Market: Macro Analysis & Market Dynamics
- 4.1. Introduction
- 4.2. Global Insurance Fraud Detection Market Value, 2021 - 2031, (US$ Million)
- 4.3. Market Dynamics
- 4.3.1. Market Drivers
- 4.3.2. Market Restraints
- 4.3.3. Key Challenges
- 4.3.4. Key Opportunities
- 4.4. Impact Analysis of Drivers and Restraints
- 4.5. See-Saw Analysis
- 4.6. Porter's Five Force Model
- 4.6.1. Supplier Power
- 4.6.2. Buyer Power
- 4.6.3. Threat Of Substitutes
- 4.6.4. Threat Of New Entrants
- 4.6.5. Competitive Rivalry
- 4.7. PESTEL Analysis
- 4.7.1. Political Landscape
- 4.7.2. Economic Landscape
- 4.7.3. Technology Landscape
- 4.7.4. Legal Landscape
- 4.7.5. Social Landscape
- 4.8. Heptalysis Analysis
- 4.9. Critical Investigation of Business Problems Through Five Whys Root Cause Analysis & Relevant Solutions
5. Insurance Fraud Detection Market: By Component, 2021-2031, USD (Million)
- 5.1. Market Overview
- 5.2. Growth & Revenue Analysis: 2022 Versus 2031
- 5.3. Market Segmentation
- 5.3.1. Solution
- 5.3.1.1. Fraud Analytics
- 5.3.1.2. Authentication
- 5.3.1.3. Governance, Risk and Compliance
- 5.3.1.4. Others
- 5.3.2. Services
- 5.3.1. Solution
6. Insurance Fraud Detection Market: By Deployment Mode, 2021-2031, USD (Million)
- 6.1. Market Overview
- 6.2. Growth & Revenue Analysis: 2022 Versus 2031
- 6.3. Market Segmentation
- 6.3.1. Cloud
- 6.3.2. On-premise
7. Insurance Fraud Detection Market: By Application, 2021-2031, USD (Million)
- 7.1. Market Overview
- 7.2. Growth & Revenue Analysis: 2022 Versus 2031
- 7.3. Market Segmentation
- 7.3.1. Claims Fraud
- 7.3.2. Identity Theft
- 7.3.3. Payment Fraud and Billing Fraud
- 7.3.4. Money Laundering
8. Insurance Fraud Detection Market: By End-use Vertical, 2021-2031, USD (Million)
- 8.1. Market Overview
- 8.2. Growth & Revenue Analysis: 2022 Versus 2031
- 8.3. Market Segmentation
- 8.3.1. Automotive
- 8.3.2. Banking, Financial Services & Insurance (BFSI)
- 8.3.3. Healthcare
- 8.3.4. IT & Telecom
- 8.3.5. Energy & Utilities
- 8.3.6. Retail
- 8.3.7. Property & Real Estate
- 8.3.8. Others (Manufacturing, etc.)
9. Geographic Analysis
- 9.1. Market Overview
- 9.2.Macro Factors versus Market Impact: Dashboard, 2022
- 9.3. Porters Five Force Model Across Geography: Dashboard, 2022
- 9.4. Impact of PESTEL factors Across Geography: Dashboard, 2022
10. North America Insurance Fraud Detection Market, 2021-2031, USD (Million)
- 10.1. Market Overview
- 10.2. Insurance Fraud Detection Market: By Component, 2021-2031, USD (Million)
- 10.3. Insurance Fraud Detection Market: By Deployment Mode, 2021-2031, USD (Million)
- 10.4. Insurance Fraud Detection Market: By Application, 2021-2031, USD (Million)
- 10.5. Insurance Fraud Detection Market: By End-use Vertical, 2021-2031, USD (Million)
- 10.6.Insurance Fraud Detection Market: By Region, 2021-2031, USD (Million)
- 10.6.1.North America
- 10.6.1.1. U.S.
- 10.6.1.1.1. Insurance Fraud Detection Market: By Component, 2021-2031, USD (Million)
- 10.6.1.1.2. Insurance Fraud Detection Market: By Deployment Mode, 2021-2031, USD (Million)
- 10.6.1.1.3. Insurance Fraud Detection Market: By Application, 2021-2031, USD (Million)
- 10.6.1.1.4. Insurance Fraud Detection Market: By End-use Vertical, 2021-2031, USD (Million)
- 10.6.1.2. Canada
- 10.6.1.2.1. Insurance Fraud Detection Market: By Component, 2021-2031, USD (Million)
- 10.6.1.2.2. Insurance Fraud Detection Market: By Deployment Mode, 2021-2031, USD (Million)
- 10.6.1.2.3. Insurance Fraud Detection Market: By Application, 2021-2031, USD (Million)
- 10.6.1.2.4. Insurance Fraud Detection Market: By End-use Vertical, 2021-2031, USD (Million)
- 10.6.1.3. Rest of North America
- 10.6.1.3.1. Insurance Fraud Detection Market: By Component, 2021-2031, USD (Million)
- 10.6.1.3.2. Insurance Fraud Detection Market: By Deployment Mode, 2021-2031, USD (Million)
- 10.6.1.3.3. Insurance Fraud Detection Market: By Application, 2021-2031, USD (Million)
- 10.6.1.3.4. Insurance Fraud Detection Market: By End-use Vertical, 2021-2031, USD (Million)
- 10.6.1.1. U.S.
- 10.6.1.North America
11. UK and European Union Insurance Fraud Detection Market, 2021-2031, USD (Million)
- 11.1. Market Overview
- 11.2. Insurance Fraud Detection Market: By Component, 2021-2031, USD (Million)
- 11.3. Insurance Fraud Detection Market: By Deployment Mode, 2021-2031, USD (Million)
- 11.4. Insurance Fraud Detection Market: By Application, 2021-2031, USD (Million)
- 11.5. Insurance Fraud Detection Market: By End-use Vertical, 2021-2031, USD (Million)
- 11.6.Insurance Fraud Detection Market: By Region, 2021-2031, USD (Million)
- 11.6.1.UK and European Union
- 11.6.1.1. UK
- 11.6.1.1.1. Insurance Fraud Detection Market: By Component, 2021-2031, USD (Million)
- 11.6.1.1.2. Insurance Fraud Detection Market: By Deployment Mode, 2021-2031, USD (Million)
- 11.6.1.1.3. Insurance Fraud Detection Market: By Application, 2021-2031, USD (Million)
- 11.6.1.1.4. Insurance Fraud Detection Market: By End-use Vertical, 2021-2031, USD (Million)
- 11.6.1.2. Germany
- 11.6.1.2.1. Insurance Fraud Detection Market: By Component, 2021-2031, USD (Million)
- 11.6.1.2.2. Insurance Fraud Detection Market: By Deployment Mode, 2021-2031, USD (Million)
- 11.6.1.2.3. Insurance Fraud Detection Market: By Application, 2021-2031, USD (Million)
- 11.6.1.2.4. Insurance Fraud Detection Market: By End-use Vertical, 2021-2031, USD (Million)
- 11.6.1.3. Spain
- 11.6.1.3.1. Insurance Fraud Detection Market: By Component, 2021-2031, USD (Million)
- 11.6.1.3.2. Insurance Fraud Detection Market: By Deployment Mode, 2021-2031, USD (Million)
- 11.6.1.3.3. Insurance Fraud Detection Market: By Application, 2021-2031, USD (Million)
- 11.6.1.3.4. Insurance Fraud Detection Market: By End-use Vertical, 2021-2031, USD (Million)
- 11.6.1.4. Italy
- 11.6.1.4.1. Insurance Fraud Detection Market: By Component, 2021-2031, USD (Million)
- 11.6.1.4.2. Insurance Fraud Detection Market: By Deployment Mode, 2021-2031, USD (Million)
- 11.6.1.4.3. Insurance Fraud Detection Market: By Application, 2021-2031, USD (Million)
- 11.6.1.4.4. Insurance Fraud Detection Market: By End-use Vertical, 2021-2031, USD (Million)
- 11.6.1.5. France
- 11.6.1.5.1. Insurance Fraud Detection Market: By Component, 2021-2031, USD (Million)
- 11.6.1.5.2. Insurance Fraud Detection Market: By Deployment Mode, 2021-2031, USD (Million)
- 11.6.1.5.3. Insurance Fraud Detection Market: By Application, 2021-2031, USD (Million)
- 11.6.1.5.4. Insurance Fraud Detection Market: By End-use Vertical, 2021-2031, USD (Million)
- 11.6.1.6. Rest of Europe
- 11.6.1.6.1. Insurance Fraud Detection Market: By Component, 2021-2031, USD (Million)
- 11.6.1.6.2. Insurance Fraud Detection Market: By Deployment Mode, 2021-2031, USD (Million)
- 11.6.1.6.3. Insurance Fraud Detection Market: By Application, 2021-2031, USD (Million)
- 11.6.1.6.4. Insurance Fraud Detection Market: By End-use Vertical, 2021-2031, USD (Million)
- 11.6.1.1. UK
- 11.6.1.UK and European Union
12. Asia Pacific Insurance Fraud Detection Market, 2021-2031, USD (Million)
- 12.1. Market Overview
- 12.2. Insurance Fraud Detection Market: By Component, 2021-2031, USD (Million)
- 12.3. Insurance Fraud Detection Market: By Deployment Mode, 2021-2031, USD (Million)
- 12.4. Insurance Fraud Detection Market: By Application, 2021-2031, USD (Million)
- 12.5. Insurance Fraud Detection Market: By End-use Vertical, 2021-2031, USD (Million)
- 12.6.Insurance Fraud Detection Market: By Region, 2021-2031, USD (Million)
- 12.6.1.Asia Pacific
- 12.6.1.1. China
- 12.6.1.1.1. Insurance Fraud Detection Market: By Component, 2021-2031, USD (Million)
- 12.6.1.1.2. Insurance Fraud Detection Market: By Deployment Mode, 2021-2031, USD (Million)
- 12.6.1.1.3. Insurance Fraud Detection Market: By Application, 2021-2031, USD (Million)
- 12.6.1.1.4. Insurance Fraud Detection Market: By End-use Vertical, 2021-2031, USD (Million)
- 12.6.1.2. Japan
- 12.6.1.2.1. Insurance Fraud Detection Market: By Component, 2021-2031, USD (Million)
- 12.6.1.2.2. Insurance Fraud Detection Market: By Deployment Mode, 2021-2031, USD (Million)
- 12.6.1.2.3. Insurance Fraud Detection Market: By Application, 2021-2031, USD (Million)
- 12.6.1.2.4. Insurance Fraud Detection Market: By End-use Vertical, 2021-2031, USD (Million)
- 12.6.1.3. India
- 12.6.1.3.1. Insurance Fraud Detection Market: By Component, 2021-2031, USD (Million)
- 12.6.1.3.2. Insurance Fraud Detection Market: By Deployment Mode, 2021-2031, USD (Million)
- 12.6.1.3.3. Insurance Fraud Detection Market: By Application, 2021-2031, USD (Million)
- 12.6.1.3.4. Insurance Fraud Detection Market: By End-use Vertical, 2021-2031, USD (Million)
- 12.6.1.4. Australia
- 12.6.1.4.1. Insurance Fraud Detection Market: By Component, 2021-2031, USD (Million)
- 12.6.1.4.2. Insurance Fraud Detection Market: By Deployment Mode, 2021-2031, USD (Million)
- 12.6.1.4.3. Insurance Fraud Detection Market: By Application, 2021-2031, USD (Million)
- 12.6.1.4.4. Insurance Fraud Detection Market: By End-use Vertical, 2021-2031, USD (Million)
- 12.6.1.5. South Korea
- 12.6.1.5.1. Insurance Fraud Detection Market: By Component, 2021-2031, USD (Million)
- 12.6.1.5.2. Insurance Fraud Detection Market: By Deployment Mode, 2021-2031, USD (Million)
- 12.6.1.5.3. Insurance Fraud Detection Market: By Application, 2021-2031, USD (Million)
- 12.6.1.5.4. Insurance Fraud Detection Market: By End-use Vertical, 2021-2031, USD (Million)
- 12.6.1.6. Rest of Asia Pacific
- 12.6.1.6.1. Insurance Fraud Detection Market: By Component, 2021-2031, USD (Million)
- 12.6.1.6.2. Insurance Fraud Detection Market: By Deployment Mode, 2021-2031, USD (Million)
- 12.6.1.6.3. Insurance Fraud Detection Market: By Application, 2021-2031, USD (Million)
- 12.6.1.6.4. Insurance Fraud Detection Market: By End-use Vertical, 2021-2031, USD (Million)
- 12.6.1.1. China
- 12.6.1.Asia Pacific
13. Latin America Insurance Fraud Detection Market, 2021-2031, USD (Million)
- 13.1. Market Overview
- 13.2. Insurance Fraud Detection Market: By Component, 2021-2031, USD (Million)
- 13.3. Insurance Fraud Detection Market: By Deployment Mode, 2021-2031, USD (Million)
- 13.4. Insurance Fraud Detection Market: By Application, 2021-2031, USD (Million)
- 13.5. Insurance Fraud Detection Market: By End-use Vertical, 2021-2031, USD (Million)
- 13.6.Insurance Fraud Detection Market: By Region, 2021-2031, USD (Million)
- 13.6.1.Latin America
- 13.6.1.1. Brazil
- 13.6.1.1.1. Insurance Fraud Detection Market: By Component, 2021-2031, USD (Million)
- 13.6.1.1.2. Insurance Fraud Detection Market: By Deployment Mode, 2021-2031, USD (Million)
- 13.6.1.1.3. Insurance Fraud Detection Market: By Application, 2021-2031, USD (Million)
- 13.6.1.1.4. Insurance Fraud Detection Market: By End-use Vertical, 2021-2031, USD (Million)
- 13.6.1.2. Mexico
- 13.6.1.2.1. Insurance Fraud Detection Market: By Component, 2021-2031, USD (Million)
- 13.6.1.2.2. Insurance Fraud Detection Market: By Deployment Mode, 2021-2031, USD (Million)
- 13.6.1.2.3. Insurance Fraud Detection Market: By Application, 2021-2031, USD (Million)
- 13.6.1.2.4. Insurance Fraud Detection Market: By End-use Vertical, 2021-2031, USD (Million)
- 13.6.1.3. Rest of Latin America
- 13.6.1.3.1. Insurance Fraud Detection Market: By Component, 2021-2031, USD (Million)
- 13.6.1.3.2. Insurance Fraud Detection Market: By Deployment Mode, 2021-2031, USD (Million)
- 13.6.1.3.3. Insurance Fraud Detection Market: By Application, 2021-2031, USD (Million)
- 13.6.1.3.4. Insurance Fraud Detection Market: By End-use Vertical, 2021-2031, USD (Million)
- 13.6.1.1. Brazil
- 13.6.1.Latin America
14. Middle East and Africa Insurance Fraud Detection Market, 2021-2031, USD (Million)
- 14.1. Market Overview
- 14.2. Insurance Fraud Detection Market: By Component, 2021-2031, USD (Million)
- 14.3. Insurance Fraud Detection Market: By Deployment Mode, 2021-2031, USD (Million)
- 14.4. Insurance Fraud Detection Market: By Application, 2021-2031, USD (Million)
- 14.5. Insurance Fraud Detection Market: By End-use Vertical, 2021-2031, USD (Million)
- 14.6.Insurance Fraud Detection Market: By Region, 2021-2031, USD (Million)
- 14.6.1.Middle East and Africa
- 14.6.1.1. GCC
- 14.6.1.1.1. Insurance Fraud Detection Market: By Component, 2021-2031, USD (Million)
- 14.6.1.1.2. Insurance Fraud Detection Market: By Deployment Mode, 2021-2031, USD (Million)
- 14.6.1.1.3. Insurance Fraud Detection Market: By Application, 2021-2031, USD (Million)
- 14.6.1.1.4. Insurance Fraud Detection Market: By End-use Vertical, 2021-2031, USD (Million)
- 14.6.1.2. Africa
- 14.6.1.2.1. Insurance Fraud Detection Market: By Component, 2021-2031, USD (Million)
- 14.6.1.2.2. Insurance Fraud Detection Market: By Deployment Mode, 2021-2031, USD (Million)
- 14.6.1.2.3. Insurance Fraud Detection Market: By Application, 2021-2031, USD (Million)
- 14.6.1.2.4. Insurance Fraud Detection Market: By End-use Vertical, 2021-2031, USD (Million)
- 14.6.1.3. Rest of Middle East and Africa
- 14.6.1.3.1. Insurance Fraud Detection Market: By Component, 2021-2031, USD (Million)
- 14.6.1.3.2. Insurance Fraud Detection Market: By Deployment Mode, 2021-2031, USD (Million)
- 14.6.1.3.3. Insurance Fraud Detection Market: By Application, 2021-2031, USD (Million)
- 14.6.1.3.4. Insurance Fraud Detection Market: By End-use Vertical, 2021-2031, USD (Million)
- 14.6.1.1. GCC
- 14.6.1.Middle East and Africa
15. Company Profile
- 15.1. ACI Worldwide, Inc.
- 15.1.1. Company Overview
- 15.1.2. Financial Performance
- 15.1.3. Product Portfolio
- 15.1.4. Strategic Initiatives
- 15.2. BAE Systems
- 15.2.1. Company Overview
- 15.2.2. Financial Performance
- 15.2.3. Product Portfolio
- 15.2.4. Strategic Initiatives
- 15.3. Accenture
- 15.3.1. Company Overview
- 15.3.2. Financial Performance
- 15.3.3. Product Portfolio
- 15.3.4. Strategic Initiatives
- 15.4. Experian Information Solutions, Inc.
- 15.4.1. Company Overview
- 15.4.2. Financial Performance
- 15.4.3. Product Portfolio
- 15.4.4. Strategic Initiatives
- 15.5. Fair Isaac Corporation (FICO)
- 15.5.1. Company Overview
- 15.5.2. Financial Performance
- 15.5.3. Product Portfolio
- 15.5.4. Strategic Initiatives
- 15.6. Fiserv, Inc.
- 15.6.1. Company Overview
- 15.6.2. Financial Performance
- 15.6.3. Product Portfolio
- 15.6.4. Strategic Initiatives
- 15.7. FRISS
- 15.7.1. Company Overview
- 15.7.2. Financial Performance
- 15.7.3. Product Portfolio
- 15.7.4. Strategic Initiatives
- 15.8. IBM Corporation
- 15.8.1. Company Overview
- 15.8.2. Financial Performance
- 15.8.3. Product Portfolio
- 15.8.4. Strategic Initiatives
- 15.9. TransUnion
- 15.9.1. Company Overview
- 15.9.2. Financial Performance
- 15.9.3. Product Portfolio
- 15.9.4. Strategic Initiatives
- 15.10. Kount Inc.
- 15.10.1. Company Overview
- 15.10.2. Financial Performance
- 15.10.3. Product Portfolio
- 15.10.4. Strategic Initiatives
- 15.11. LexisNexis Risk Solutions
- 15.11.1. Company Overview
- 15.11.2. Financial Performance
- 15.11.3. Product Portfolio
- 15.11.4. Strategic Initiatives
- 15.12. Perceptiviti Data Solutions Pvt. Ltd.
- 15.12.1. Company Overview
- 15.12.2. Financial Performance
- 15.12.3. Product Portfolio
- 15.12.4. Strategic Initiatives
- 15.13. SAP SE
- 15.13.1. Company Overview
- 15.13.2. Financial Performance
- 15.13.3. Product Portfolio
- 15.13.4. Strategic Initiatives
- 15.14. SAS Institute Inc.
- 15.14.1. Company Overview
- 15.14.2. Financial Performance
- 15.14.3. Product Portfolio
- 15.14.4. Strategic Initiatives
- 15.15. Simility, Inc
- 15.15.1. Company Overview
- 15.15.2. Financial Performance
- 15.15.3. Product Portfolio
- 15.15.4. Strategic Initiatives
- 15.16. Software AG
- 15.16.1. Company Overview
- 15.16.2. Financial Performance
- 15.16.3. Product Portfolio
- 15.16.4. Strategic Initiatives
- 15.17. Uplexis
- 15.17.1. Company Overview
- 15.17.2. Financial Performance
- 15.17.3. Product Portfolio
- 15.17.4. Strategic Initiatives
- 15.18. Others
- 15.18.1. Company Overview
- 15.18.2. Financial Performance
- 15.18.3. Product Portfolio
- 15.18.4. Strategic Initiatives
List of Tables
- TABLE 1 Global Insurance Fraud Detection Market By Component, 2021-2031, USD (Million)
- TABLE 2 Global Insurance Fraud Detection Market By Solution, 2021-2031, USD (Million)
- TABLE 3 Global Insurance Fraud Detection Market By Deployment Mode, 2021-2031, USD (Million)
- TABLE 4 Global Insurance Fraud Detection Market By Application, 2021-2031, USD (Million)
- TABLE 5 Global Insurance Fraud Detection Market By End-use Vertical, 2021-2031, USD (Million)
- TABLE 6 North America Insurance Fraud Detection Market By Component, 2021-2031, USD (Million)
- TABLE 7 North America Insurance Fraud Detection Market By Solution, 2021-2031, USD (Million)
- TABLE 8 North America Insurance Fraud Detection Market By Deployment Mode, 2021-2031, USD (Million)
- TABLE 9 North America Insurance Fraud Detection Market By Application, 2021-2031, USD (Million)
- TABLE 10 North America Insurance Fraud Detection Market By End-use Vertical, 2021-2031, USD (Million)
- TABLE 11 U.S. Insurance Fraud Detection Market By Component, 2021-2031, USD (Million)
- TABLE 12 U.S. Insurance Fraud Detection Market By Solution, 2021-2031, USD (Million)
- TABLE 13 U.S. Insurance Fraud Detection Market By Deployment Mode, 2021-2031, USD (Million)
- TABLE 14 U.S. Insurance Fraud Detection Market By Application, 2021-2031, USD (Million)
- TABLE 15 U.S. Insurance Fraud Detection Market By End-use Vertical, 2021-2031, USD (Million)
- TABLE 16 Canada Insurance Fraud Detection Market By Component, 2021-2031, USD (Million)
- TABLE 17 Canada Insurance Fraud Detection Market By Solution, 2021-2031, USD (Million)
- TABLE 18 Canada Insurance Fraud Detection Market By Deployment Mode, 2021-2031, USD (Million)
- TABLE 19 Canada Insurance Fraud Detection Market By Application, 2021-2031, USD (Million)
- TABLE 20 Canada Insurance Fraud Detection Market By End-use Vertical, 2021-2031, USD (Million)
- TABLE 21 Rest of North America Insurance Fraud Detection Market By Component, 2021-2031, USD (Million)
- TABLE 22 Rest of North America Insurance Fraud Detection Market By Solution, 2021-2031, USD (Million)
- TABLE 23 Rest of North America Insurance Fraud Detection Market By Deployment Mode, 2021-2031, USD (Million)
- TABLE 24 Rest of North America Insurance Fraud Detection Market By Application, 2021-2031, USD (Million)
- TABLE 25 Rest of North America Insurance Fraud Detection Market By End-use Vertical, 2021-2031, USD (Million)
- TABLE 26 UK and European Union Insurance Fraud Detection Market By Component, 2021-2031, USD (Million)
- TABLE 27 UK and European Union Insurance Fraud Detection Market By Solution, 2021-2031, USD (Million)
- TABLE 28 UK and European Union Insurance Fraud Detection Market By Deployment Mode, 2021-2031, USD (Million)
- TABLE 29 UK and European Union Insurance Fraud Detection Market By Application, 2021-2031, USD (Million)
- TABLE 30 UK and European Union Insurance Fraud Detection Market By End-use Vertical, 2021-2031, USD (Million)
- TABLE 31 UK Insurance Fraud Detection Market By Component, 2021-2031, USD (Million)
- TABLE 32 UK Insurance Fraud Detection Market By Solution, 2021-2031, USD (Million)
- TABLE 33 UK Insurance Fraud Detection Market By Deployment Mode, 2021-2031, USD (Million)
- TABLE 34 UK Insurance Fraud Detection Market By Application, 2021-2031, USD (Million)
- TABLE 35 UK Insurance Fraud Detection Market By End-use Vertical, 2021-2031, USD (Million)
- TABLE 36 Germany Insurance Fraud Detection Market By Component, 2021-2031, USD (Million)
- TABLE 37 Germany Insurance Fraud Detection Market By Solution, 2021-2031, USD (Million)
- TABLE 38 Germany Insurance Fraud Detection Market By Deployment Mode, 2021-2031, USD (Million)
- TABLE 39 Germany Insurance Fraud Detection Market By Application, 2021-2031, USD (Million)
- TABLE 40 Germany Insurance Fraud Detection Market By End-use Vertical, 2021-2031, USD (Million)
- TABLE 41 Spain Insurance Fraud Detection Market By Component, 2021-2031, USD (Million)
- TABLE 42 Spain Insurance Fraud Detection Market By Solution, 2021-2031, USD (Million)
- TABLE 43 Spain Insurance Fraud Detection Market By Deployment Mode, 2021-2031, USD (Million)
- TABLE 44 Spain Insurance Fraud Detection Market By Application, 2021-2031, USD (Million)
- TABLE 45 Spain Insurance Fraud Detection Market By End-use Vertical, 2021-2031, USD (Million)
- TABLE 46 Italy Insurance Fraud Detection Market By Component, 2021-2031, USD (Million)
- TABLE 47 Italy Insurance Fraud Detection Market By Solution, 2021-2031, USD (Million)
- TABLE 48 Italy Insurance Fraud Detection Market By Deployment Mode, 2021-2031, USD (Million)
- TABLE 49 Italy Insurance Fraud Detection Market By Application, 2021-2031, USD (Million)
- TABLE 50 Italy Insurance Fraud Detection Market By End-use Vertical, 2021-2031, USD (Million)
- TABLE 51 France Insurance Fraud Detection Market By Component, 2021-2031, USD (Million)
- TABLE 52 France Insurance Fraud Detection Market By Solution, 2021-2031, USD (Million)
- TABLE 53 France Insurance Fraud Detection Market By Deployment Mode, 2021-2031, USD (Million)
- TABLE 54 France Insurance Fraud Detection Market By Application, 2021-2031, USD (Million)
- TABLE 55 France Insurance Fraud Detection Market By End-use Vertical, 2021-2031, USD (Million)
- TABLE 56 Rest of Europe Insurance Fraud Detection Market By Component, 2021-2031, USD (Million)
- TABLE 57 Rest of Europe Insurance Fraud Detection Market By Solution, 2021-2031, USD (Million)
- TABLE 58 Rest of Europe Insurance Fraud Detection Market By Deployment Mode, 2021-2031, USD (Million)
- TABLE 59 Rest of Europe Insurance Fraud Detection Market By Application, 2021-2031, USD (Million)
- TABLE 60 Rest of Europe Insurance Fraud Detection Market By End-use Vertical, 2021-2031, USD (Million)
- TABLE 61 Asia Insurance Fraud Detection Market By Component, 2021-2031, USD (Million)
- TABLE 62 Asia Insurance Fraud Detection Market By Solution, 2021-2031, USD (Million)
- TABLE 63 Asia Insurance Fraud Detection Market By Deployment Mode, 2021-2031, USD (Million)
- TABLE 64 Asia Insurance Fraud Detection Market By Application, 2021-2031, USD (Million)
- TABLE 65 Asia Insurance Fraud Detection Market By End-use Vertical, 2021-2031, USD (Million)
- TABLE 66 China Insurance Fraud Detection Market By Component, 2021-2031, USD (Million)
- TABLE 67 China Insurance Fraud Detection Market By Solution, 2021-2031, USD (Million)
- TABLE 68 China Insurance Fraud Detection Market By Deployment Mode, 2021-2031, USD (Million)
- TABLE 69 China Insurance Fraud Detection Market By Application, 2021-2031, USD (Million)
- TABLE 70 China Insurance Fraud Detection Market By End-use Vertical, 2021-2031, USD (Million)
- TABLE 71 Japan Insurance Fraud Detection Market By Component, 2021-2031, USD (Million)
- TABLE 72 Japan Insurance Fraud Detection Market By Solution, 2021-2031, USD (Million)
- TABLE 73 Japan Insurance Fraud Detection Market By Deployment Mode, 2021-2031, USD (Million)
- TABLE 74 Japan Insurance Fraud Detection Market By Application, 2021-2031, USD (Million)
- TABLE 75 Japan Insurance Fraud Detection Market By End-use Vertical, 2021-2031, USD (Million)
- TABLE 76 India Insurance Fraud Detection Market By Component, 2021-2031, USD (Million)
- TABLE 77 India Insurance Fraud Detection Market By Solution, 2021-2031, USD (Million)
- TABLE 78 India Insurance Fraud Detection Market By Deployment Mode, 2021-2031, USD (Million)
- TABLE 79 India Insurance Fraud Detection Market By Application, 2021-2031, USD (Million)
- TABLE 80 India Insurance Fraud Detection Market By End-use Vertical, 2021-2031, USD (Million)
- TABLE 81 Australia Insurance Fraud Detection Market By Component, 2021-2031, USD (Million)
- TABLE 82 Australia Insurance Fraud Detection Market By Solution, 2021-2031, USD (Million)
- TABLE 83 Australia Insurance Fraud Detection Market By Deployment Mode, 2021-2031, USD (Million)
- TABLE 84 Australia Insurance Fraud Detection Market By Application, 2021-2031, USD (Million)
- TABLE 85 Australia Insurance Fraud Detection Market By End-use Vertical, 2021-2031, USD (Million)
- TABLE 86 South Korea Insurance Fraud Detection Market By Component, 2021-2031, USD (Million)
- TABLE 87 South Korea Insurance Fraud Detection Market By Solution, 2021-2031, USD (Million)
- TABLE 88 South Korea Insurance Fraud Detection Market By Deployment Mode, 2021-2031, USD (Million)
- TABLE 89 South Korea Insurance Fraud Detection Market By Application, 2021-2031, USD (Million)
- TABLE 90 South Korea Insurance Fraud Detection Market By End-use Vertical, 2021-2031, USD (Million)
- TABLE 91 Latin America Insurance Fraud Detection Market By Component, 2021-2031, USD (Million)
- TABLE 92 Latin America Insurance Fraud Detection Market By Solution, 2021-2031, USD (Million)
- TABLE 93 Latin America Insurance Fraud Detection Market By Deployment Mode, 2021-2031, USD (Million)
- TABLE 94 Latin America Insurance Fraud Detection Market By Application, 2021-2031, USD (Million)
- TABLE 95 Latin America Insurance Fraud Detection Market By End-use Vertical, 2021-2031, USD (Million)
- TABLE 96 Brazil Insurance Fraud Detection Market By Component, 2021-2031, USD (Million)
- TABLE 97 Brazil Insurance Fraud Detection Market By Solution, 2021-2031, USD (Million)
- TABLE 98 Brazil Insurance Fraud Detection Market By Deployment Mode, 2021-2031, USD (Million)
- TABLE 99 Brazil Insurance Fraud Detection Market By Application, 2021-2031, USD (Million)
- TABLE 100 Brazil Insurance Fraud Detection Market By End-use Vertical, 2021-2031, USD (Million)
- TABLE 101 Mexico Insurance Fraud Detection Market By Component, 2021-2031, USD (Million)
- TABLE 102 Mexico Insurance Fraud Detection Market By Solution, 2021-2031, USD (Million)
- TABLE 103 Mexico Insurance Fraud Detection Market By Deployment Mode, 2021-2031, USD (Million)
- TABLE 104 Mexico Insurance Fraud Detection Market By Application, 2021-2031, USD (Million)
- TABLE 105 Mexico Insurance Fraud Detection Market By End-use Vertical, 2021-2031, USD (Million)
- TABLE 106 Rest of Latin America Insurance Fraud Detection Market By Component, 2021-2031, USD (Million)
- TABLE 107 Rest of Latin America Insurance Fraud Detection Market By Solution, 2021-2031, USD (Million)
- TABLE 108 Rest of Latin America Insurance Fraud Detection Market By Deployment Mode, 2021-2031, USD (Million)
- TABLE 109 Rest of Latin America Insurance Fraud Detection Market By Application, 2021-2031, USD (Million)
- TABLE 110 Rest of Latin America Insurance Fraud Detection Market By End-use Vertical, 2021-2031, USD (Million)
- TABLE 111 Middle East and Africa Insurance Fraud Detection Market By Component, 2021-2031, USD (Million)
- TABLE 112 Middle East and Africa Insurance Fraud Detection Market By Solution, 2021-2031, USD (Million)
- TABLE 113 Middle East and Africa Insurance Fraud Detection Market By Deployment Mode, 2021-2031, USD (Million)
- TABLE 114 Middle East and Africa Insurance Fraud Detection Market By Application, 2021-2031, USD (Million)
- TABLE 115 Middle East and Africa Insurance Fraud Detection Market By End-use Vertical, 2021-2031, USD (Million)
- TABLE 116 GCC Insurance Fraud Detection Market By Component, 2021-2031, USD (Million)
- TABLE 117 GCC Insurance Fraud Detection Market By Solution, 2021-2031, USD (Million)
- TABLE 118 GCC Insurance Fraud Detection Market By Deployment Mode, 2021-2031, USD (Million)
- TABLE 119 GCC Insurance Fraud Detection Market By Application, 2021-2031, USD (Million)
- TABLE 120 GCC Insurance Fraud Detection Market By End-use Vertical, 2021-2031, USD (Million)
- TABLE 121 Africa Insurance Fraud Detection Market By Component, 2021-2031, USD (Million)
- TABLE 122 Africa Insurance Fraud Detection Market By Solution, 2021-2031, USD (Million)
- TABLE 123 Africa Insurance Fraud Detection Market By Deployment Mode, 2021-2031, USD (Million)
- TABLE 124 Africa Insurance Fraud Detection Market By Application, 2021-2031, USD (Million)
- TABLE 125 Africa Insurance Fraud Detection Market By End-use Vertical, 2021-2031, USD (Million)
- TABLE 126 Rest of Middle East and Africa Insurance Fraud Detection Market By Component, 2021-2031, USD (Million)
- TABLE 127 Rest of Middle East and Africa Insurance Fraud Detection Market By Solution, 2021-2031, USD (Million)
- TABLE 128 Rest of Middle East and Africa Insurance Fraud Detection Market By Deployment Mode, 2021-2031, USD (Million)
- TABLE 129 Rest of Middle East and Africa Insurance Fraud Detection Market By Application, 2021-2031, USD (Million)
- TABLE 130 Rest of Middle East and Africa Insurance Fraud Detection Market By End-use Vertical, 2021-2031, USD (Million)
List of Figures
- FIG. 1 Global Insurance Fraud Detection Market: Market Coverage
- FIG. 2 Research Methodology and Data Sources
- FIG. 3 Market Size Estimation - Top Down & Bottom-Up Approach
- FIG. 4 Global Insurance Fraud Detection Market: Quality Assurance
- FIG. 5 Global Insurance Fraud Detection Market, By Component, 2022
- FIG. 6 Global Insurance Fraud Detection Market, By Deployment Mode, 2022
- FIG. 7 Global Insurance Fraud Detection Market, By Application, 2022
- FIG. 8 Global Insurance Fraud Detection Market, By End-use Vertical, 2022
- FIG. 9 Global Insurance Fraud Detection Market, By Geography, 2022
- FIG. 10 Market Geographical Opportunity Matrix - Global Insurance Fraud Detection Market, 2022
- FIG. 11 Market Positioning of Key Insurance Fraud Detection Market Players, 2022
- FIG. 12 Global Insurance Fraud Detection Market - Tier Analysis - Percentage of Revenues by Tier Level, 2022 Versus 2031
- FIG. 13 Porters Five Force Model - Current, Midterm and Long Term Perspective
- FIG. 14 See Saw Analysis
- FIG. 15 PETEL Analysis
- FIG. 16 Key Buying Criteria: Current and Long-Term Perspective
- FIG. 17 Global Insurance Fraud Detection Market, Scenario Analysis, 2021 to 2031 (US$ Million)
- FIG. 18 Heptalysis Analysis: Global Insurance Fraud Detection Market
- FIG. 19 Five Whys Analysis
- FIG. 20 Global Insurance Fraud Detection Market, By Component, 2022 Vs 2031, %
- FIG. 21 Global Insurance Fraud Detection Market, By Deployment Mode, 2022 Vs 2031, %
- FIG. 22 Global Insurance Fraud Detection Market, By Application, 2022 Vs 2031, %
- FIG. 23 Global Insurance Fraud Detection Market, By End-use Vertical, 2022 Vs 2031, %
- FIG. 24 U.S. Insurance Fraud Detection Market (US$ Million), 2021 - 2031
- FIG. 25 Canada Insurance Fraud Detection Market (US$ Million), 2021 - 2031
- FIG. 26 Rest of North America Insurance Fraud Detection Market (US$ Million), 2021 - 2031
- FIG. 27 UK Insurance Fraud Detection Market (US$ Million), 2021 - 2031
- FIG. 28 Germany Insurance Fraud Detection Market (US$ Million), 2021 - 2031
- FIG. 29 Spain Insurance Fraud Detection Market (US$ Million), 2021 - 2031
- FIG. 30 Italy Insurance Fraud Detection Market (US$ Million), 2021 - 2031
- FIG. 31 France Insurance Fraud Detection Market (US$ Million), 2021 - 2031
- FIG. 32 Rest of Europe Insurance Fraud Detection Market (US$ Million), 2021 - 2031
- FIG. 33 China Insurance Fraud Detection Market (US$ Million), 2021 - 2031
- FIG. 34 Japan Insurance Fraud Detection Market (US$ Million), 2021 - 2031
- FIG. 35 India Insurance Fraud Detection Market (US$ Million), 2021 - 2031
- FIG. 36 Australia Insurance Fraud Detection Market (US$ Million), 2021 - 2031
- FIG. 37 South Korea Insurance Fraud Detection Market (US$ Million), 2021 - 2031
- FIG. 38 Rest of Asia Insurance Fraud Detection Market (US$ Million), 2021 - 2031
- FIG. 39 Brazil Insurance Fraud Detection Market (US$ Million), 2021 - 2031
- FIG. 40 Mexico Insurance Fraud Detection Market (US$ Million), 2021 - 2031
- FIG. 41 Rest of Latin America Insurance Fraud Detection Market (US$ Million), 2021 - 2031
- FIG. 42 GCC Insurance Fraud Detection Market (US$ Million), 2021 - 2031
- FIG. 43 Africa Insurance Fraud Detection Market (US$ Million), 2021 - 2031
- FIG. 44 Rest of Middle East and Africa Insurance Fraud Detection Market (US$ Million), 2021 - 2031
