Insurance Fraud Detection

World Market Report

MCP22067

EXECUTIVE ENGAGEMENTS

POOL

727
Number of executives repeatedly engaged by snail & email outreach

INTERACTIONS

143
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PARTICIPANTS

29
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12
Responses Validated*

COMPANIES

36
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DATE

OCT 2022

TABLES

22

PAGES

92

EDITION

4

PRICE

USD 5600

CODE

MCP22067


COMPETITIVE METRICS

COMPETITORS (ALPHABETICAL)

RANK

(S/A/N/T)

%

VALIDATED RESEARCH *

* S = Strong; A = Active; N = Niche; T= Trivial (<1%)
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HIGHLIGHTS & REPORT INDEX

What`s New for 2023?

» Special coverage on Russia-Ukraine war; global inflation; easing of "zero-Covid" policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
» Global competitiveness and key competitor percentage market shares
» Market presence across multiple geographies - Strong/Active/Niche/Trivial
» Online interactive peer-to-peer collaborative bespoke updates
» Access to our digital archives and MarketGlass Research Platform
» Complimentary updates for one year

Looking Ahead to 2023

The global economy is at a critical crossroads with a number of interlocking challenges and crises running in parallel. The uncertainty around how Russia`s war on Ukraine will play out this year and the war`s role in creating global instability means that the trouble on the inflation front is not over yet. Food and fuel inflation will remain a persistent economic problem. Higher retail inflation will impact consumer confidence and spending. As governments combat inflation by raising interest rates, new job creation will slowdown and impact economic activity and growth. Lower capital expenditure is in the offing as companies go slow on investments, held back by inflation worries and weaker demand. With slower growth and high inflation, developed markets seem primed to enter into a recession. Fears of new COVID outbreaks and China’s already uncertain post-pandemic path poses a real risk of the world experiencing more acute supply chain pain and manufacturing disruptions this year. Volatile financial markets, growing trade tensions, stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced. Year 2023 is expected to be tough year for most markets, investors and consumers. Nevertheless, there is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.

Global Insurance Fraud Detection Market to Reach $20.2 Billion by 2027
In the changed post COVID-19 business landscape, the global market for Insurance Fraud Detection estimated at US$4.8 Billion in the year 2020, is projected to reach a revised size of US$20.2 Billion by 2027, growing at a CAGR of 22.7% over the analysis period 2020-2027. Fraud Analytics, one of the segments analyzed in the report, is projected to record a 23.3% CAGR and reach US$5.6 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Authentication segment is readjusted to a revised 21.8% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.4 Billion, While China is Forecast to Grow at 22.2% CAGR
The Insurance Fraud Detection market in the U.S. is estimated at US$1.4 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.5 Billion by the year 2027 trailing a CAGR of 22.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 20.2% and 19.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 16% CAGR.

Governance, Risk & Compliance Segment to Record 21.1% CAGR
In the global Governance, Risk & Compliance segment, USA, Canada, Japan, China and Europe will drive the 21.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$546 Million in the year 2020 will reach a projected size of US$2.1 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.

SELECT PLAYERS

ACI Worldwide, Inc.; BAE Systems, PLC; Bridgei2i Analytics Solutions; Datawalk, Inc.; DXC Technology Co.; Experian PLC; Fair Isaac Corp.; Fiserv, Inc.; FRISS; IBM Corp.; Infogix, Inc.; Kount, Inc.; LexisNexis Risk Solutions, Inc.; NCR Corp.; Oracle Corp.; SAP SE; SAS Institute, Inc.; Scorto, Inc.; TransUnion, LLC; Wipro, Ltd.

SEGMENTS

» Solutions & Services (Fraud Analytics, Authentication, Governance, Risk & Compliance, Other Solutions, Services) » Organization Size (Large Enterprises, SMEs)

GEOGRAPHIES

» World » United States » Canada » Japan » China » Europe » France » Germany » Italy » United Kingdom » and Rest of Europe » Asia-Pacific » Rest of World

TABLE OF CONTENTS

1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Impact of Covid-19 and a Looming Global Recession
Insurance Fraud Detection – Global Key Competitors Percentage Market Share in 2022 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
World Recent Past, Current & Future Analysis for Large Enterprises by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Large Enterprises by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
World Recent Past, Current & Future Analysis for SMEs by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for SMEs by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
World Insurance Fraud Detection Market Analysis of Annual Sales in US$ Million for Years 2012 through 2027
World Recent Past, Current & Future Analysis for Insurance Fraud Detection by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Insurance Fraud Detection by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2021 & 2027
World Recent Past, Current & Future Analysis for Fraud Analytics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Fraud Analytics by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
World Recent Past, Current & Future Analysis for Authentication by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Authentication by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
World Recent Past, Current & Future Analysis for Governance, Risk & Compliance by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Governance, Risk & Compliance by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
World Recent Past, Current & Future Analysis for Other Solutions by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Other Solutions by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
World Recent Past, Current & Future Analysis for Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Services by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
UNITED STATES
Insurance Fraud Detection Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
USA Recent Past, Current & Future Analysis for Insurance Fraud Detection by Organization Size - Large Enterprises and SMEs - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
USA 7-Year Perspective for Insurance Fraud Detection by Organization Size - Percentage Breakdown of Value Sales for Large Enterprises and SMEs for the Years 2021 & 2027
USA Recent Past, Current & Future Analysis for Insurance Fraud Detection by Solutions & Services - Fraud Analytics, Authentication, Governance, Risk & Compliance, Other Solutions and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
USA 7-Year Perspective for Insurance Fraud Detection by Solutions & Services - Percentage Breakdown of Value Sales for Fraud Analytics, Authentication, Governance, Risk & Compliance, Other Solutions and Services for the Years 2021 & 2027
CANADA
Canada Recent Past, Current & Future Analysis for Insurance Fraud Detection by Organization Size - Large Enterprises and SMEs - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Canada 7-Year Perspective for Insurance Fraud Detection by Organization Size - Percentage Breakdown of Value Sales for Large Enterprises and SMEs for the Years 2021 & 2027
Canada Recent Past, Current & Future Analysis for Insurance Fraud Detection by Solutions & Services - Fraud Analytics, Authentication, Governance, Risk & Compliance, Other Solutions and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Canada 7-Year Perspective for Insurance Fraud Detection by Solutions & Services - Percentage Breakdown of Value Sales for Fraud Analytics, Authentication, Governance, Risk & Compliance, Other Solutions and Services for the Years 2021 & 2027
JAPAN
Insurance Fraud Detection Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
Japan Recent Past, Current & Future Analysis for Insurance Fraud Detection by Organization Size - Large Enterprises and SMEs - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Japan 7-Year Perspective for Insurance Fraud Detection by Organization Size - Percentage Breakdown of Value Sales for Large Enterprises and SMEs for the Years 2021 & 2027
Japan Recent Past, Current & Future Analysis for Insurance Fraud Detection by Solutions & Services - Fraud Analytics, Authentication, Governance, Risk & Compliance, Other Solutions and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Japan 7-Year Perspective for Insurance Fraud Detection by Solutions & Services - Percentage Breakdown of Value Sales for Fraud Analytics, Authentication, Governance, Risk & Compliance, Other Solutions and Services for the Years 2021 & 2027
CHINA
Insurance Fraud Detection Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
China Recent Past, Current & Future Analysis for Insurance Fraud Detection by Organization Size - Large Enterprises and SMEs - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
China 7-Year Perspective for Insurance Fraud Detection by Organization Size - Percentage Breakdown of Value Sales for Large Enterprises and SMEs for the Years 2021 & 2027
China Recent Past, Current & Future Analysis for Insurance Fraud Detection by Solutions & Services - Fraud Analytics, Authentication, Governance, Risk & Compliance, Other Solutions and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
China 7-Year Perspective for Insurance Fraud Detection by Solutions & Services - Percentage Breakdown of Value Sales for Fraud Analytics, Authentication, Governance, Risk & Compliance, Other Solutions and Services for the Years 2021 & 2027
EUROPE
Insurance Fraud Detection Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
Europe Recent Past, Current & Future Analysis for Insurance Fraud Detection by Organization Size - Large Enterprises and SMEs - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Europe 7-Year Perspective for Insurance Fraud Detection by Organization Size - Percentage Breakdown of Value Sales for Large Enterprises and SMEs for the Years 2021 & 2027
Europe Recent Past, Current & Future Analysis for Insurance Fraud Detection by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
Europe 7-Year Perspective for Insurance Fraud Detection by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2021 & 2027
Europe Recent Past, Current & Future Analysis for Insurance Fraud Detection by Solutions & Services - Fraud Analytics, Authentication, Governance, Risk & Compliance, Other Solutions and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Europe 7-Year Perspective for Insurance Fraud Detection by Solutions & Services - Percentage Breakdown of Value Sales for Fraud Analytics, Authentication, Governance, Risk & Compliance, Other Solutions and Services for the Years 2021 & 2027
FRANCE
Insurance Fraud Detection Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)
France Recent Past, Current & Future Analysis for Insurance Fraud Detection by Organization Size - Large Enterprises and SMEs - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
France 7-Year Perspective for Insurance Fraud Detection by Organization Size - Percentage Breakdown of Value Sales for Large Enterprises and SMEs for the Years 2021 & 2027
France Recent Past, Current & Future Analysis for Insurance Fraud Detection by Solutions & Services - Fraud Analytics, Authentication, Governance, Risk & Compliance, Other Solutions and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
France 7-Year Perspective for Insurance Fraud Detection by Solutions & Services - Percentage Breakdown of Value Sales for Fraud Analytics, Authentication, Governance, Risk & Compliance, Other Solutions and Services for the Years 2021 & 2027
GERMANY
Insurance Fraud Detection Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
Germany Recent Past, Current & Future Analysis for Insurance Fraud Detection by Organization Size - Large Enterprises and SMEs - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Germany 7-Year Perspective for Insurance Fraud Detection by Organization Size - Percentage Breakdown of Value Sales for Large Enterprises and SMEs for the Years 2021 & 2027
Germany Recent Past, Current & Future Analysis for Insurance Fraud Detection by Solutions & Services - Fraud Analytics, Authentication, Governance, Risk & Compliance, Other Solutions and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Germany 7-Year Perspective for Insurance Fraud Detection by Solutions & Services - Percentage Breakdown of Value Sales for Fraud Analytics, Authentication, Governance, Risk & Compliance, Other Solutions and Services for the Years 2021 & 2027
ITALY
Italy Recent Past, Current & Future Analysis for Insurance Fraud Detection by Organization Size - Large Enterprises and SMEs - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Italy 7-Year Perspective for Insurance Fraud Detection by Organization Size - Percentage Breakdown of Value Sales for Large Enterprises and SMEs for the Years 2021 & 2027
Italy Recent Past, Current & Future Analysis for Insurance Fraud Detection by Solutions & Services - Fraud Analytics, Authentication, Governance, Risk & Compliance, Other Solutions and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Italy 7-Year Perspective for Insurance Fraud Detection by Solutions & Services - Percentage Breakdown of Value Sales for Fraud Analytics, Authentication, Governance, Risk & Compliance, Other Solutions and Services for the Years 2021 & 2027
UNITED KINGDOM
Insurance Fraud Detection Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
UK Recent Past, Current & Future Analysis for Insurance Fraud Detection by Organization Size - Large Enterprises and SMEs - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
UK 7-Year Perspective for Insurance Fraud Detection by Organization Size - Percentage Breakdown of Value Sales for Large Enterprises and SMEs for the Years 2021 & 2027
UK Recent Past, Current & Future Analysis for Insurance Fraud Detection by Solutions & Services - Fraud Analytics, Authentication, Governance, Risk & Compliance, Other Solutions and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
UK 7-Year Perspective for Insurance Fraud Detection by Solutions & Services - Percentage Breakdown of Value Sales for Fraud Analytics, Authentication, Governance, Risk & Compliance, Other Solutions and Services for the Years 2021 & 2027
REST OF EUROPE
Rest of Europe Recent Past, Current & Future Analysis for Insurance Fraud Detection by Organization Size - Large Enterprises and SMEs - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Rest of Europe 7-Year Perspective for Insurance Fraud Detection by Organization Size - Percentage Breakdown of Value Sales for Large Enterprises and SMEs for the Years 2021 & 2027
Rest of Europe Recent Past, Current & Future Analysis for Insurance Fraud Detection by Solutions & Services - Fraud Analytics, Authentication, Governance, Risk & Compliance, Other Solutions and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Rest of Europe 7-Year Perspective for Insurance Fraud Detection by Solutions & Services - Percentage Breakdown of Value Sales for Fraud Analytics, Authentication, Governance, Risk & Compliance, Other Solutions and Services for the Years 2021 & 2027
ASIA-PACIFIC
Insurance Fraud Detection Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
Asia-Pacific Recent Past, Current & Future Analysis for Insurance Fraud Detection by Organization Size - Large Enterprises and SMEs - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Asia-Pacific 7-Year Perspective for Insurance Fraud Detection by Organization Size - Percentage Breakdown of Value Sales for Large Enterprises and SMEs for the Years 2021 & 2027
Asia-Pacific Recent Past, Current & Future Analysis for Insurance Fraud Detection by Solutions & Services - Fraud Analytics, Authentication, Governance, Risk & Compliance, Other Solutions and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Asia-Pacific 7-Year Perspective for Insurance Fraud Detection by Solutions & Services - Percentage Breakdown of Value Sales for Fraud Analytics, Authentication, Governance, Risk & Compliance, Other Solutions and Services for the Years 2021 & 2027
REST OF WORLD
Rest of World Recent Past, Current & Future Analysis for Insurance Fraud Detection by Organization Size - Large Enterprises and SMEs - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Rest of World 7-Year Perspective for Insurance Fraud Detection by Organization Size - Percentage Breakdown of Value Sales for Large Enterprises and SMEs for the Years 2021 & 2027
Rest of World Recent Past, Current & Future Analysis for Insurance Fraud Detection by Solutions & Services - Fraud Analytics, Authentication, Governance, Risk & Compliance, Other Solutions and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Rest of World 7-Year Perspective for Insurance Fraud Detection by Solutions & Services - Percentage Breakdown of Value Sales for Fraud Analytics, Authentication, Governance, Risk & Compliance, Other Solutions and Services for the Years 2021 & 2027

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