Insurance Fraud Detection Software Market
Insurance Fraud Detection Software Market Global Industry Assessment & Forecast
#
Pages:
169
2021
Nov - 2021
VMR-2021-0531
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
Component Analysis: Preview On the basis of Component,
the market is segmented into solution, services. solution held the
leading share in 2020 and is anticipated to grow at a noteworthy CAGR over the
forecast timespan. This is due to the increasing adoption of solution
in emerging economies in Asia Pacific region. Deployment Type
Analysis: Preview
Based on Deployment Type,
the market is segmented into On-premises, Cloud. Cloud accounted
for the highest market share and is expected to grow at a significant CAGR from
2021 to 2028.
Global Insurance Fraud Detection Software Market: Component Segment Analysis
-
- solution
- services
Global Insurance Fraud Detection Software Market: Deployment Type Segment Analysis
-
- On-premises
- Cloud
Global Insurance Fraud Detection Software Market: Organization Size Segment Analysis
-
- Small and Medium-sized Enterprises (SMEs)
- Large Enterprises
FAQ
Frequently Asked Question
What is the global demand for Insurance Fraud Detection Software in terms of revenue?
-
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?
-
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?
-
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?
-
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?
-
North America was the leading regional segment of the Insurance Fraud Detection Software in 2020.
