Insurance Fraud Detection Software Market
Insurance Fraud Detection Software Market Global Industry Assessment & Forecast
Segments Covered
- By Component solution, services
- By Deployment Type On-premises, Cloud
- By Organization Size Small and Medium-sized Enterprises (SMEs), Large Enterprises
Snapshot
Forecast Years: | 2021 - 2028 |
Historical Years: | 2016 - 2020 |
Revenue 2021: | 2.5 Billion |
Revenue 2028: | 15.68 Billion |
Revenue CAGR (2021 - 2028): | 25.8 |
Fastest Growing Region (2022 - 2028) | North America |
Customization Offered
- Cross-segment Market Size and Analysis for Mentioned Segments
- Additional Company Profiles (Upto 5 With No Cost)
- Additional Countries (Apart From Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request Customization Speak To Analyst
Sr. No. | Offering | Report Coverage |
1. | Market Size | In terms of Revenue (USD Million) |
2. | Historic Data | 2015 to 2019 |
3. | Forecast Data | 2021 to 2028 |
4. | Market Drivers, Restraints, Opportunities, & Regional Market Trends | Yes |
5. | Market Attractiveness Analysis | Yes |
6. | Segment Analysis | Maximum Segments |
7. | Regional Coverage | 5 Regions |
8. | Country Coverage | Top 22 Countries |
9. | Competitive Landscape and Company Market Share Analysis | Yes. Exhaustive information will be provided in two separate chapters of Competitive Landscape and Company Profiles. |
10. | Porter’s Five Forces Analysis | Yes. |
11. | Value Chain Analysis | Yes |
12. | PEST Analysis | Yes |
13. | Regulatory Landscape | Yes |
14. | Technology Landscape | Yes |
15. | COVID-19 Impact Analysis | Yes. Exhaustive information for Key Strategies Undertaken by Companies, Impact Assessment of the COVID-19 Pandemic by Region, along with Short-term and Long-term dynamics. |
16. | Top startups to watch out for | Yes |
17. | Top 3 Trends to Watch | Yes |
18. | Top 3 Strategies Followed by Major Players | Yes |
19. | Top 3 Predictions by Vantage Market Research | Yes |
20. | Discussion Guide | Yes |
21. | Key Primary Respondents - VERBATIM | Yes |
22. | Transcripts from the Primary Respondents | Additional Cost USD 1,000 |
23. | Others/Miscellaneous |
FAQ
Frequently Asked Question
What is the global demand for Insurance Fraud Detection Software in terms of revenue?
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The global Insurance Fraud Detection Software valued at 2.5 Billion in 2020 and is expected to reach 15.68 Billion in 2028 growing at a CAGR of 25.8%.
Which are the prominent players in the market?
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The prominent players in the market are FICO (NYSE: FICO), IBM, BAE Systems, SAS Institute, Experian, LexisNexis, Iovation, Friss, SAP, Fiserv, ACI Worldwide..
At what CAGR is the market projected to grow within the forecast period?
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The market is project to grow at a CAGR of 25.8% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
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The driving factors of the Insurance Fraud Detection Software include
- The increasing need to effectively manage huge volumes of identities by organizations, improving operational proficiency and upgrading the client experience are some of the factors that are anticipated to augment the growth of the market over the forecast period.
- Decline in economic growth in developed countries as well as slow economic growth which is coupled with the macroeconomic uncertainty in emerging and third world countries in past few years has resulted in increased in number of insurance fraud cases which is further expected to fuel the growth of the market in the years to come.
Which region accounted for the largest share in the market?
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North America was the leading regional segment of the Insurance Fraud Detection Software in 2020.