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Global Insurance Fraud Detection Market Outlook 2021: Growing Adoption of Fraud Detection Services in SMEs Drives Growth with an Estimated 25% CAGR During 2021 and 2026 - ResearchAndMarkets.com

Business Wire - Mon Sep 20, 2021

The "Global Insurance Fraud Detection Market Report and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.

The global insurance fraud detection market attained a value of approximately USD 2710 million in 2020. Aided by rising adoption of fraud detection services in small and medium enterprises, the market is projected to grow at a CAGR of 25.6% between 2021-2026 further to reach USD 10749 million by 2026.

The market growth of insurance fraud detection can be attributed to integration of technological advancements in detection services including Artificial Intelligence (AI), Machine Learning (ML) and Internet of Things (IoT).

With the outburst of coronavirus pandemic, and the subsequent digitisation of operations, rising cases of cyber-attacks and identity thefts are impelling the market growth of fraud detection services. With rising prevalence of e-commerce retail channels and mobile banking applications increasing adoption of authentication solutions like biometric solutions, and face and voice recognition systems are fuelling the growth of the industry. In addition, the healthcare sector witnessed an invigorated rise in the number of suspicious claims globally, and hence insurance companies are making robust investments in fraud detection services, which is augmenting the market growth.

Furthermore, with availability of cost-friendly, effective, and advanced fraud detection services, small and medium enterprises are increasingly deploying fraud analytics in their working systems to protect the business from potential risks of frauds, hence, adding to market growth.

The market report analyses the market based on technologies, organisation, deployment, applications, and major regions. The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments of the key players in the industry.

Some of the major players in the market explored in the report are:

  • FICO (NYSE: FICO)
  • IBM
  • BAE Systems
  • SAS Institute
  • Experian
  • LexisNexis
  • Iovation
  • Friss
  • SAP
  • Fiserv
  • ACI Worldwide 

Key Topics Covered:

1 Preface

2 Research Methodology

3 Introduction

4 Executive Summary

5 Market Dynamics

6 Global Insurance Fraud Detection Market Analysis

6.1 Global Insurance Fraud Detection Historical Market (2016-2020) & Forecast (2021-2026)

6.2 Global Insurance Fraud Detection Market Breakup by Technology

6.3 Global Insurance Fraud Detection Market Breakup by Technology: Historical Market (2016-2020) & Forecast (2021-2026)

6.4 Global Insurance Fraud Detection Market Breakup by Organization

6.5 Global Insurance Fraud Detection Market Breakup by Organization: Historical Market (2016-2020) & Forecast (2021-2026)

6.6 Global Insurance Fraud Detection Market Breakup by Deployment

6.7 Global Insurance Fraud Detection Market Breakup by Deployment: Historical Market (2016-2020) & Forecast (2021-2026)

6.8 Global Insurance Fraud Detection Market Breakup by Service

6.8.1 Professional Services

6.9 Global Insurance Fraud Detection Market Breakup by Service: Historical Market (2016-2020) & Forecast (2021-2026)

6.10 Global Insurance Fraud Detection Market Breakup by Solution

6.11 Global Insurance Fraud Detection Market Breakup by Solution: Historical Market (2016-2020) & Forecast (2021-2026)

6.12 Global Insurance Fraud Detection Market Breakup by Application

6.13 Global Insurance Fraud Detection Market Breakup by Application: Historical Market (2016-2020) & Forecast (2021-2026)

6.14 Global Insurance Fraud Detection Market Breakup by Region

6.15 Global Insurance Fraud Detection Market Breakup by Region: Historical Market (2016-2020) & Forecast (2021-2026)

7 SWOT Analysis

8 Porter's Five Forces Analysis

9 EMR's Key Indicators for Demand

10 EMR's Key Indicators for Price

11 Competitive Landscape & Supplier Analysis

  • FICO
  • IBM
  • BAE Systems
  • SAS Institute
  • Experian
  • Lexisnexis
  • Iovation
  • Friss
  • SAP
  • Fiserv
  • ACI Worldwide

12 Industry Events and Development

For more information about this report visit https://www.researchandmarkets.com/r/fu3z66

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

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