Dublin, July 21, 2021 (GLOBE NEWSWIRE) -- The "Insurance Fraud Detection - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Insurance Fraud Detection Market to Reach $12.8 Billion by 2027
Amid the COVID-19 crisis, the global market for Insurance Fraud Detection estimated at US$3 Billion in the year 2020, is projected to reach a revised size of US$12.8 Billion by 2027, growing at a CAGR of 22.8% over the analysis period 2020-2027.
Fraud Analytics, one of the segments analyzed in the report, is projected to record a 24.4% CAGR and reach US$4.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Authentication segment is readjusted to a revised 23% CAGR for the next 7-year period.
The U.S. Market is Estimated at $912.3 Million, While China is Forecast to Grow at 22.2% CAGR
The Insurance Fraud Detection market in the U.S. is estimated at US$912.3 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.2 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 20.4% and 19.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 15.9% CAGR.
Governance, Risk & Compliance Segment to Record 21.9% CAGR
In the global Governance, Risk & Compliance segment, USA, Canada, Japan, China and Europe will drive the 21.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$486.3 Million in the year 2020 will reach a projected size of US$1.9 Billion by the close of the analysis period.
China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.5 Billion by the year 2027.
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS(Total 36 Featured)
- ACI Worldwide, Inc.
- BAE Systems, PLC
- Bridgei2i Analytics Solutions
- Datawalk, Inc.
- DXC Technology Co.
- Experian PLC
- Fair Isaac Corp.
- Fiserv, Inc.
- FRISS
- IBM Corp.
- Infogix, Inc.
- Kount, Inc.
- LexisNexis Risk Solutions, Inc.
- NCR Corp.
- Oracle Corp.
- SAP SE
- SAS Institute, Inc.
- Scorto, Inc.
- TransUnion, LLC
- Wipro, Ltd.
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
- World Current & Future Analysis for Insurance Fraud Detection by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ 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 2020 & 2027
- World 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 2020 & 2027
- 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 2020 & 2027
- 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 2020 & 2027
- World 7-Year Perspective for Other Components by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
- 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 2020 & 2027
- 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 2020 & 2027
III. MARKET ANALYSIS
- United States
- Canada
- Japan
- China
- Europe
- France
- Germany
- Italy
- United Kingdom
- Spain
- Russia
- Rest Of Europe
- Asia-Pacific
- Australia
- India
- South Korea
- Rest Of Asia-Pacific
- Latin America
- Argentina
- Brazil
- Mexico
- Rest Of Latin America
- Middle East
- Iran
- Israel
- Saudi Arabia
- United Arab Emirates
- Rest Of Middle East
- Africa
IV. COMPETITION
- Total Companies Profiled: 36
For more information about this report visit https://www.researchandmarkets.com/r/cro918