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保険詐欺検知の世界市場 2024年までの予測:保険金不正請求・個人情報盗難・架空請求詐欺・マネーロンダリング

Insurance Fraud Detection Market by Component (Solutions (Fraud Analytics, Authentication, and GRC), Service) Application Area, Deployment Mode, Organization Size, and Region - Global Forecast to 2024

発行 MarketsandMarkets 商品コード 879230
出版日 ページ情報 英文 156 Pages
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本日の銀行送金レート: 1USD=109.81円で換算しております。
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保険詐欺検知の世界市場 2024年までの予測:保険金不正請求・個人情報盗難・架空請求詐欺・マネーロンダリング Insurance Fraud Detection Market by Component (Solutions (Fraud Analytics, Authentication, and GRC), Service) Application Area, Deployment Mode, Organization Size, and Region - Global Forecast to 2024
出版日: 2019年06月25日 ページ情報: 英文 156 Pages
概要

世界の保険詐欺検知市場は、2019年の25億米ドルから2024年までに79億米ドルへ達すると予測され、予測期間中は25.8%のCAGR (年間複合成長率) が見込まれています。保険市場におけるサイバー攻撃の飛躍的な高度化およびこれらの攻撃による莫大な金銭的損失など、様々な要因が同市場を促進すると予測されています。しかし、企業の間で不正検知ソリューションの重要性について認識が不足していることなどは、市場成長を抑制する可能性があります。

当レポートでは、世界の保険詐欺検知市場を調査し、市場の概要、市場成長への影響因子および市場機会の分析、コンポーネント・ソリューション・サービス・アプリケーション領域・展開形態・組織規模・地域/主要国別の動向と市場規模の推移と予測、競合環境、主要企業のプロファイルなどをまとめています。

879230_4.1 ATTRACTIVE MARKET OPPORTUNITIES IN THE INSURANCE FRAUD DETECTION MARKET_FIGURE 6

第1章 イントロダクション

第2章 調査手法

第3章 エグゼクティブサマリー

第4章 重要考察

  • 保険詐欺検知市場における魅力的な市場機会
  • 保険詐欺検知市場:コンポーネント別
  • 保険詐欺検知市場:ソリューション別
  • 保険詐欺検知市場のシェア:ソリューション・地域のトップ3
  • 保険詐欺検知市場:組織規模別
  • 保険詐欺検知市場:展開形態別
  • 市場投資シナリオ

第5章 市場概要・産業動向

  • イントロダクション
  • 市場力学
    • 成長推進因子
    • 成長抑制因子
    • 市場機会
    • 課題
  • 規制コンプライアンス
  • イノベーションのスポットライト
  • 利用例

第6章 保険詐欺検知市場:コンポーネント別

  • イントロダクション
  • ソリューション
  • サービス

第7章 保険詐欺検知市場:ソリューション別

  • イントロダクション
  • 不正分析
  • 認証
  • ガバナンス・リスク・コンプライアンス
  • その他

第8章 保険詐欺検知市場:サービス別

  • イントロダクション
  • 専門サービス
  • マネージドサービス

第9章 保険詐欺検知市場:アプリケーション領域別

  • イントロダクション
  • 保険金不正請求
  • 個人情報盗難
  • 架空請求詐欺
  • マネーロンダリング

第10章 保険詐欺検知市場:展開形態別

  • イントロダクション
  • クラウド
  • オンプレミス

第11章 保険詐欺検知市場:組織規模別

  • イントロダクション
  • 中小企業
  • 大企業

第12章 保険詐欺検知市場:地域別

  • イントロダクション
  • 北米
  • 欧州
  • アジア太平洋
  • 中東・アフリカ
  • ラテンアメリカ

第13章 競合環境

  • 競合リーダーシップマッピング
  • 製品ポートフォリオの強み
  • 事業戦略の長所
  • 競合シナリオ

第14章 企業プロファイル

  • FICO
  • IBM
  • BAE SYSTEMS
  • SAS INSTITUTE
  • EXPERIAN
  • LEXISNEXIS
  • IOVATION
  • FRISS
  • SAP
  • FISERV
  • ACI WORLDWIDE
  • SIMILITY
  • KOUNT
  • SOFTWARE AG
  • BRIDGEI2I ANALYTICS SOLUTIONS
  • PERCEPTIVITI

第15章 付録

図表

LIST OF TABLES

  • TABLE 1: UNITED STATES DOLLAR EXCHANGE RATE, 2016-2018
  • TABLE 2: FACTOR ANALYSIS
  • TABLE 3: INSURANCE FRAUD DETECTION MARKET SIZE AND GROWTH, 2017-2024 (USD MILLION, Y-O-Y %)
  • TABLE 4: INNOVATION SPOTLIGHT: LATEST INSURANCE FRAUD DETECTION SOLUTIONS
  • TABLE 5: INSURANCE FRAUD DETECTION MARKET SIZE, BY COMPONENT, 2017-2024 (USD MILLION)
  • TABLE 6: SOLUTIONS: INSURANCE FRAUD DETECTION MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
  • TABLE 7: SERVICES: INSURANCE FRAUD DETECTION MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
  • TABLE 8: INSURANCE FRAUD DETECTION MARKET SIZE, BY SOLUTION, 2017-2024 (USD MILLION)
  • TABLE 9: FRAUD ANALYTICS: INSURANCE FRAUD DETECTION MARKET SIZE, BY TYPE, 2017-2024 (USD MILLION)
  • TABLE 10: FRAUD ANALYTICS: INSURANCE FRAUD DETECTION MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
  • TABLE 11: PREDICTIVE ANALYTICS MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
  • TABLE 12: DESCRIPTIVE ANALYTICS MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
  • TABLE 13: SOCIAL MEDIA ANALYTICS MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
  • TABLE 14: BIG DATA ANALYTICS MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
  • TABLE 15: AUTHENTICATION: INSURANCE FRAUD DETECTION MARKET SIZE, BY TYPE, 2017-2024 (USD MILLION)
  • TABLE 16: AUTHENTICATION: INSURANCE FRAUD DETECTION MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
  • TABLE 17: SINGLE-FACTOR AUTHENTICATION MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
  • TABLE 18: MULTI-FACTOR AUTHENTICATION: INSURANCE FRAUD DETECTION MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
  • TABLE 19: RISK-BASED AUTHENTICATION MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
  • TABLE 20: GOVERNANCE, RISK, AND COMPLIANCE: INSURANCE FRAUD DETECTION MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
  • TABLE 21: OTHERS: INSURANCE FRAUD DETECTION MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
  • TABLE 22: INSURANCE FRAUD DETECTION MARKET SIZE, BY SERVICE, 2017-2024 (USD MILLION)
  • TABLE 23: PROFESSIONAL SERVICES: INSURANCE FRAUD DETECTION MARKET SIZE, BY TYPE, 2017-2024 (USD MILLION)
  • TABLE 24: PROFESSIONAL SERVICES: INSURANCE FRAUD DETECTION MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
  • TABLE 25: CONSULTING SERVICES MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
  • TABLE 26: TRAINING AND EDUCATION MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
  • TABLE 27: SUPPORT AND MAINTENANCE MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
  • TABLE 28: MANAGED SERVICES: INSURANCE FRAUD DETECTION MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
  • TABLE 29: INSURANCE FRAUD DETECTION MARKET SIZE, BY DEPLOYMENT MODE, 2017-2024 (USD MILLION)
  • TABLE 30: CLOUD: INSURANCE FRAUD DETECTION MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
  • TABLE 31: ON-PREMISES: INSURANCE FRAUD DETECTION MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
  • TABLE 32: INSURANCE FRAUD DETECTION MARKET SIZE, BY ORGANIZATION SIZE, 2017-2024 (USD MILLION)
  • TABLE 33: SMALL AND MEDIUM-SIZED ENTERPRISES: INSURANCE FRAUD DETECTION MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
  • TABLE 34: LARGE ENTERPRISES: INSURANCE FRAUD DETECTION MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
  • TABLE 35: INSURANCE FRAUD DETECTION MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
  • TABLE 36: NORTH AMERICA: INSURANCE FRAUD DETECTION MARKET SIZE, BY COMPONENT, 2017-2024 (USD MILLION)
  • TABLE 37: NORTH AMERICA: INSURANCE FRAUD DETECTION MARKET SIZE, BY SOLUTION, 2017-2024 (USD MILLION)
  • TABLE 38: NORTH AMERICA: INSURANCE FRAUD DETECTION MARKET SIZE, BY FRAUD ANALYTICS, 2017-2024 (USD MILLION)
  • TABLE 39: NORTH AMERICA: INSURANCE FRAUD DETECTION MARKET SIZE, BY AUTHENTICATION, 2017-2024 (USD MILLION)
  • TABLE 40: NORTH AMERICA: INSURANCE FRAUD DETECTION MARKET SIZE, BY SERVICE, 2017-2024 (USD MILLION)
  • TABLE 41: NORTH AMERICA: INSURANCE FRAUD DETECTION MARKET SIZE, BY PROFESSIONAL SERVICE, 2017-2024 (USD MILLION)
  • TABLE 42: NORTH AMERICA: INSURANCE FRAUD DETECTION MARKET SIZE, BY DEPLOYMENT MODE, 2017-2024 (USD MILLION)
  • TABLE 43: NORTH AMERICA: INSURANCE FRAUD DETECTION MARKET SIZE, BY ORGANIZATION SIZE, 2017-2024 (USD MILLION)
  • TABLE 44: NORTH AMERICA: INSURANCE FRAUD DETECTION MARKET SIZE, BY COUNTRY, 2017-2024 (USD MILLION)
  • TABLE 45: EUROPE: INSURANCE FRAUD DETECTION MARKET SIZE, BY COMPONENT, 2017-2024 (USD MILLION)
  • TABLE 46: EUROPE: INSURANCE FRAUD DETECTION MARKET SIZE, BY SOLUTION, 2017-2024 (USD MILLION)
  • TABLE 47: EUROPE: INSURANCE FRAUD DETECTION MARKET SIZE, BY FRAUD ANALYTICS, 2017-2024 (USD MILLION)
  • TABLE 48: EUROPE: INSURANCE FRAUD DETECTION MARKET SIZE, BY AUTHENTICATION, 2017-2024 (USD MILLION)
  • TABLE 49: EUROPE: INSURANCE FRAUD DETECTION MARKET SIZE, BY SERVICE, 2017-2024 (USD MILLION)
  • TABLE 50: EUROPE: INSURANCE FRAUD DETECTION MARKET SIZE, BY PROFESSIONAL SERVICE, 2017-2024 (USD MILLION)
  • TABLE 51: EUROPE: INSURANCE FRAUD DETECTION MARKET SIZE, BY DEPLOYMENT MODE, 2017-2024 (USD MILLION)
  • TABLE 52: EUROPE: INSURANCE FRAUD DETECTION MARKET SIZE, BY ORGANIZATION SIZE, 2017-2024 (USD MILLION)
  • TABLE 53: EUROPE: INSURANCE FRAUD DETECTION MARKET SIZE, BY COUNTRY, 2017-2024 (USD MILLION)
  • TABLE 54: ASIA PACIFIC: INSURANCE FRAUD DETECTION MARKET SIZE, BY COMPONENT, 2017-2024 (USD MILLION)
  • TABLE 55: ASIA PACIFIC: INSURANCE FRAUD DETECTION MARKET SIZE, BY SOLUTION, 2017-2024 (USD MILLION)
  • TABLE 56: ASIA PACIFIC: INSURANCE FRAUD DETECTION MARKET SIZE, BY FRAUD ANALYTICS, 2017-2024 (USD MILLION)
  • TABLE 57: ASIA PACIFIC: INSURANCE FRAUD DETECTION MARKET SIZE, BY AUTHENTICATION, 2017-2024 (USD MILLION)
  • TABLE 58: ASIA PACIFIC: INSURANCE FRAUD DETECTION MARKET SIZE, BY SERVICE, 2017-2024 (USD MILLION)
  • TABLE 59: ASIA PACIFIC: INSURANCE FRAUD DETECTION MARKET SIZE, BY PROFESSIONAL SERVICE, 2017-2024 (USD MILLION)
  • TABLE 60: ASIA PACIFIC: INSURANCE FRAUD DETECTION MARKET SIZE, BY DEPLOYMENT MODE, 2017-2024 (USD MILLION)
  • TABLE 61: ASIA PACIFIC: INSURANCE FRAUD DETECTION MARKET SIZE, BY ORGANIZATION SIZE, 2017-2024 (USD MILLION)
  • TABLE 62: ASIA PACIFIC: INSURANCE FRAUD DETECTION MARKET SIZE, BY COUNTRY, 2017-2024 (USD MILLION)
  • TABLE 63: MIDDLE EAST AND AFRICA: INSURANCE FRAUD DETECTION MARKET SIZE, BY COMPONENT, 2017-2024 (USD MILLION)
  • TABLE 64: MIDDLE EAST AND AFRICA: INSURANCE FRAUD DETECTION MARKET SIZE, BY SOLUTION, 2017-2024 (USD MILLION)
  • TABLE 65: MIDDLE EAST AND AFRICA: INSURANCE FRAUD DETECTION MARKET SIZE, BY FRAUD ANALYTICS, 2017-2024 (USD MILLION)
  • TABLE 66: MIDDLE EAST AND AFRICA: INSURANCE FRAUD DETECTION MARKET SIZE, BY AUTHENTICATION, 2017-2024 (USD MILLION)
  • TABLE 67: MIDDLE EAST AND AFRICA: INSURANCE FRAUD DETECTION MARKET SIZE, BY SERVICE, 2017-2024 (USD MILLION)
  • TABLE 68: MIDDLE EAST AND AFRICA: INSURANCE FRAUD DETECTION MARKET SIZE, BY PROFESSIONAL SERVICE, 2017-2024 (USD MILLION)
  • TABLE 69: MIDDLE EAST AND AFRICA: INSURANCE FRAUD DETECTION MARKET SIZE, BY DEPLOYMENT MODE, 2017-2024 (USD MILLION)
  • TABLE 70: MIDDLE EAST AND AFRICA: INSURANCE FRAUD DETECTION MARKET SIZE, BY ORGANIZATION SIZE, 2017-2024 (USD MILLION)
  • TABLE 71: MIDDLE EAST AND AFRICA: INSURANCE FRAUD DETECTION MARKET SIZE, BY COUNTRY, 2017-2024 (USD MILLION)
  • TABLE 72: LATIN AMERICA: INSURANCE FRAUD DETECTION MARKET SIZE, BY COMPONENT, 2017-2024 (USD MILLION)
  • TABLE 73: LATIN AMERICA: INSURANCE FRAUD DETECTION MARKET SIZE, BY SOLUTION, 2017-2024 (USD MILLION)
  • TABLE 74: LATIN AMERICA: INSURANCE FRAUD DETECTION MARKET SIZE, BY FRAUD ANALYTICS, 2017-2024 (USD MILLION)
  • TABLE 75: LATIN AMERICA: INSURANCE FRAUD DETECTION MARKET SIZE, BY AUTHENTICATION, 2017-2024 (USD MILLION)
  • TABLE 76: LATIN AMERICA: INSURANCE FRAUD DETECTION MARKET SIZE, BY SERVICE, 2017-2024 (USD MILLION)
  • TABLE 77: LATIN AMERICA: INSURANCE FRAUD DETECTION MARKET SIZE, BY PROFESSIONAL SERVICE, 2017-2024 (USD MILLION)
  • TABLE 78: LATIN AMERICA: INSURANCE FRAUD DETECTION MARKET SIZE, BY DEPLOYMENT MODE, 2017-2024 (USD MILLION)
  • TABLE 79: LATIN AMERICA: INSURANCE FRAUD DETECTION MARKET SIZE, BY ORGANIZATION SIZE, 2017-2024 (USD MILLION)
  • TABLE 80: LATIN AMERICA: INSURANCE FRAUD DETECTION MARKET SIZE, BY COUNTRY, 2017-2024 (USD MILLION)
  • TABLE 81: PARTNERSHIPS, AGREEMENTS, AND COLLABORATIONS, 2016-2018
  • TABLE 82: MERGERS AND ACQUISITIONS, 2017-2018
  • TABLE 83: NEW PRODUCT LAUNCHES/PRODUCT ENHANCEMENTS, 2016-2018
  • TABLE 84: BUSINESS EXPANSIONS, 2017-2018

LIST OF FIGURES

  • FIGURE 1: INSURANCE FRAUD DETECTION MARKET: RESEARCH DESIGN
  • FIGURE 2: INSURANCE FRAUD DETECTION MARKET: TOP-DOWN AND BOTTOM-UP APPROACHES
  • FIGURE 3: SERVICES SEGMENT TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD
  • FIGURE 4: NORTH AMERICA TO HOLD THE HIGHEST MARKET SHARE IN 2019
  • FIGURE 5: FASTEST-GROWING SEGMENTS OF THE INSURANCE FRAUD DETECTION MARKET
  • FIGURE 6: INCREASING CLAIMS FRAUD, STRINGENT REGULATIONS, AND INCREASED CLOUD ADOPTION TO DRIVE THE GROWTH OF INSURANCE FRAUD DETECTION MARKET
  • FIGURE 7: SOLUTIONS SEGMENT TO HAVE A HIGHER MARKET SHARE DURING THE FORECAST PERIOD
  • FIGURE 8: FRAUD ANALYTICS SEGMENT TO HAVE A HIGHER MARKET SHARE DURING THE FORECAST PERIOD
  • FIGURE 9: FRAUD ANALYTICS SOLUTION AND NORTH AMERICAN REGION TO HAVE THE HIGHEST MARKET SHARES IN 2019
  • FIGURE 10: LARGE ENTERPRISES SEGMENT TO HOLD A HIGHER MARKET SHARE IN 2019
  • FIGURE 11: ON-PREMISES SEGMENT TO HOLD A HIGHER MARKET SHARE IN 2019
  • FIGURE 12: ASIA PACIFIC TO EMERGE AS THE BEST MARKET FOR INVESTMENT IN THE NEXT 5 YEARS
  • FIGURE 13: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: INSURANCE FRAUD DETECTION MARKET
  • FIGURE 14: SERVICES SEGMENT TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD
  • FIGURE 15: AUTHENTICATION SOLUTIONS SEGMENT TO RECORD THE HIGHEST CAGR DURING THE FORECAST PERIOD
  • FIGURE 16: MANAGED SERVICES SEGMENT TO RECORD A HIGHER CAGR DURING THE FORECAST PERIOD
  • FIGURE 17: CLOUD DEPLOYMENT MODE TO RECORD A HIGHER CAGR DURING THE FORECAST PERIOD
  • FIGURE 18: SMALL AND MEDIUM-SIZED ENTERPRISES SEGMENT TO RECORD A HIGHER CAGR DURING THE FORECAST PERIOD
  • FIGURE 19: ASIA PACIFIC TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
  • FIGURE 20: NORTH AMERICA: MARKET SNAPSHOT
  • FIGURE 21: ASIA PACIFIC: MARKET SNAPSHOT
  • FIGURE 22: INSURANCE FRAUD DETECTION MARKET (GLOBAL) COMPETITIVE LEADERSHIP MAPPING, 2019
  • FIGURE 23: KEY DEVELOPMENTS BY THE LEADING PLAYERS IN THE INSURANCE FRAUD DETECTION MARKET FOR 2016-2018
  • FIGURE 24: GEOGRAPHIC REVENUE MIX OF THE TOP PLAYERS IN THE INSURANCE FRAUD DETECTION MARKET
  • FIGURE 25: FICO: COMPANY SNAPSHOT
  • FIGURE 26: FICO: SWOT ANALYSIS
  • FIGURE 27: IBM: COMPANY SNAPSHOT
  • FIGURE 28: IBM: SWOT ANALYSIS
  • FIGURE 29: BAE SYSTEMS: COMPANY SNAPSHOT
  • FIGURE 30: BAE SYSTEMS: SWOT ANALYSIS
  • FIGURE 31: SAS INSTITUTE: COMPANY SNAPSHOT
  • FIGURE 32: SAS INSTITUTE: SWOT ANALYSIS
  • FIGURE 33: EXPERIAN: COMPANY SNAPSHOT
  • FIGURE 34: EXPERIAN: SWOT ANALYSIS
  • FIGURE 35: SAP: COMPANY SNAPSHOT
  • FIGURE 36: FISERV: COMPANY SNAPSHOT
目次
Product Code: TC 7184

"The exponential rise in the sophistication of cyber attacks insurance sector and substantial monetary losses due to these attacks will drive the overall insurance fraud detection market"

The global insurance fraud detection market size is expected to grow from USD 2.5 billion in 2019 to USD 7.9 billion by 2024, at a compound annual growth rate (CAGR) of 25.8% during the forecast period. Various factors, such as exponential rise in the sophistication level of cyber attacks and huge monetary losses due to these attacks in the insurance sector, are expected to drive the market. However, lack of awareness among organizations about the importance of fraud detection solutions and improper implementation coupled with the lack of integration of fraud detection solutions across organization networks may restrain the market growth.

Solution segment to hold a larger market size during the forecast period

The solution segment is expected to hold a larger market size in the fraud detection market during the forecast period. Fraud detection vendors help insurance organizations to tackle the security challenges and threats they pose due to the increased adoption of digital technologies such as IoT and BYOD in their organizations to enhance the customer experience. The solutions are classified into fraud analytics, authentication, and governance, risk, & compliance (GRC) solutions. Fraud analytics is a discipline which involves a set of analytical techniques that analyze enterprises' systems and database to identify the vulnerabilities where fraud can happen. These solutions monitor and analyze data from several data sources; detect anomalies and suspicious & unusual behavior across all channels; and provide a control mechanism to prevent fraudulent practices, in real-time.

The authentication solution helps enterprises in validating the identity of the transactions between the individuals as well as restricting any unauthorized access across organizations networks, servers, and other infrastructure. GRC solution is implemented across enterprises to manage business risks and abide with regulatory compliance environment. The various advantages that these solutions offer to the insurance sector in handling their security challenges will force the organizations to adopt insurance fraud detection solutions on a large scale.

Among deployment type, cloud deployment segment to grow at a higher CAGR during the forecast period

Under deployment type, insurance fraud detection market is segmented by cloud and on-premises. The cloud deployment type is set to grow at a higher CAGR during the forecast period. The deployment of cloud-based insurance fraud detection solutions is done over the internet, where software, infrastructure, platforms, devices, and other resources are provided as services on a pay-per-use basis by consumers. The cloud-based platform offers a unified way in the form of SaaS-based insurance fraud detection services to secure business applications. Cloud-based systems are comparatively less expensive than on-premises deployment, thus permitting businesses to reduce IT expenses, including hardware and support staff. Owing to these factors, organizations are adopting the cloud-based deployment type for deploying fraud detection solutions on a large scale.

North America to account for the largest market size, whereas APAC to grow at the highest CAGR

North America is projected to hold the largest market size of the insurance fraud detection market during the forecast period, owing to the early adoption of the insurance fraud detection solutions in the region. Protecting enterprise-critical infrastructures and sensitive data has become one of the major challenges, as the world is moving toward interconnections and digitalization. The growing trends, such as IoT, IoE, and penetration of smartphones, have increased the volume of data and transactions performed by online users. Moreover, mobile users are frequently targeted by fraudsters, as online mobile banking has become a popular method of making financial transactions. The rise in threats and vulnerabilities and government compliances has made North America the most lucrative industry for different categories of vendors. The concentrated presence of a large number of insurance fraud detection solution and services providers in the US is also expected to drive revenue growth from the region. The APAC market is expected to grow at the highest CAGR during the forecast period, owing to the rise in the threat of frauds at an alarming rate in the insurance sector in this region, thus driving an increase in spending on insurance fraud detection solutions.

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the insurance fraud detection marketplace.

  • By Company: Tier 1 - 20%, Tier 2 - 55%, and Tier 3 - 25%
  • By Designation: C-level - 50%, Director level - 25%, and Others - 25%
  • By Region: North America - 45%, Europe - 25%, APAC - 20%, Latin America - 5%, Middle East and Africa: - 5%

Major vendors in the global insurance fraud detection market include: FICO (US), IBM (US), BAE Systems (UK), SAS Institute (US), Experian (Ireland), LexisNexis (US), iovation (US), FRISS (Netherlands), SAP (Germany), Fiserv (US), ACI Worldwide (US), Simility (US), Kount (US), Software AG (Germany), BRIDGEi2i Analytics Solutions (India), and Perceptiviti (India).

Research Coverage:

The market study covers the insurance fraud detection market across segments. It aims at estimating the market size and the growth potential of the market across segments, such as component (solution (fraud analytics, authentication, and GRC solutions) and services), deployment type, organization size, and region. The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key Benefits of Buying the Report:

The report will help the market leaders/new entrants in the insurance fraud detection market with information on the closest approximations of the revenue numbers for the overall insurance fraud detection market and the subsegments. The report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

TABLE OF CONTENTS

1 INTRODUCTION

  • 1.1 OBJECTIVES OF THE STUDY
  • 1.2 MARKET DEFINITION
  • 1.3 MARKET SCOPE
    • 1.3.1 MARKET SEGMENTATION
    • 1.3.2 REGIONS COVERED
  • 1.4 YEARS CONSIDERED FOR THE STUDY
  • 1.5 CURRENCY CONSIDERED
  • 1.6 STAKEHOLDERS

2 RESEARCH METHODOLOGY

  • 2.1 RESEARCH DATA
    • 2.1.1 SECONDARY DATA
    • 2.1.2 PRIMARY DATA
      • 2.1.2.1 Breakup of primary profiles
      • 2.1.2.2 Key industry insights
  • 2.2 MARKET BREAKUP AND DATA TRIANGULATION
  • 2.3 MARKET SIZE ESTIMATION
    • 2.3.1 TOP-DOWN APPROACH
    • 2.3.2 BOTTOM-UP APPROACH
  • 2.4 MARKET FORECAST
  • 2.5 ASSUMPTIONS FOR THE STUDY
  • 2.6 LIMITATIONS OF THE STUDY

3 EXECUTIVE SUMMARY

4 PREMIUM INSIGHTS

  • 4.1 ATTRACTIVE MARKET OPPORTUNITIES IN THE INSURANCE FRAUD DETECTION MARKET
  • 4.2 INSURANCE FRAUD DETECTION MARKET, BY COMPONENT, 2019-2024
  • 4.3 INSURANCE FRAUD DETECTION MARKET, BY SOLUTION, 2019-2024
  • 4.4 INSURANCE FRAUD DETECTION MARKET, MARKET SHARE OF TOP 3 SOLUTIONS AND REGIONS, 2019
  • 4.5 INSURANCE FRAUD DETECTION MARKET, BY ORGANIZATION SIZE, 2019
  • 4.6 INSURANCE FRAUD DETECTION MARKET, BY DEPLOYMENT MODE, 2019
  • 4.7 MARKET INVESTMENT SCENARIO

5 MARKET OVERVIEW AND INDUSTRY TRENDS

  • 5.1 INTRODUCTION
  • 5.2 MARKET DYNAMICS
    • 5.2.1 DRIVERS
      • 5.2.1.1 Need to effectively manage huge volumes of identities by organizations
      • 5.2.1.2 Increasing adoption of advanced analytics techniques
      • 5.2.1.3 Improved operational efficiency and enhanced customer experience
      • 5.2.1.4 Stringent regulatory compliances
    • 5.2.2 RESTRAINTS
      • 5.2.2.1 Insurance institutions lack awareness regarding the fraud detection solutions
    • 5.2.3 OPPORTUNITIES
      • 5.2.3.1 Increasing adoption of IoT and BYOD trends
      • 5.2.3.2 Proliferation of cloud-based insurance fraud detection solutions and services among global organizations
    • 5.2.4 CHALLENGES
      • 5.2.4.1 Improper implementation and lack of integration of fraud detection solutions across organization networks
  • 5.3 REGULATORY COMPLIANCES
    • 5.3.1 KNOW YOUR CUSTOMER (KYC)
    • 5.3.2 ANTI-MONEY LAUNDERING (AML)
    • 5.3.3 GENERAL DATA PROTECTION REGULATION (GDPR)
    • 5.3.4 ELECTRONIC IDENTIFICATION, AUTHENTICATION, AND TRUST SERVICES (EIDAS)
  • 5.4 INNOVATION SPOTLIGHT
  • 5.5 USE CASES
    • 5.5.1 INSURANCE FRAUD DETECTION BY BAE SYSTEMS
    • 5.5.2 CLAIMS FRAUD DETECTION IN INSURANCE, BY AUREUS ANALYTICS
    • 5.5.3 OPTIMIZING INVESTIGATION PROCESS FOR IDENTIFYING ADDITIONAL PREMIUM OPPORTUNITIES, BY PRADS INC.

6 INSURANCE FRAUD DETECTION MARKET, BY COMPONENT

  • 6.1 INTRODUCTION
  • 6.2 SOLUTIONS
    • 6.2.1 INCREASING FRAUDULENT ACTIVITIES TO DRIVE THE ADOPTION OF INSURANCE FRAUD DETECTION SOLUTIONS
  • 6.3 SERVICES
    • 6.3.1 GROWING NEED FOR SEAMLESS EXPERIENCE AND PERSONALIZED SERVICES TO FUEL THE DEMAND FOR SERVICES

7 INSURANCE FRAUD DETECTION MARKET, BY SOLUTION

  • 7.1 INTRODUCTION
  • 7.2 FRAUD ANALYTICS
    • 7.2.1 PREDICTIVE ANALYTICS
      • 7.2.1.1 Need to identify potential threats and claim frauds in insurance processes to drive the adoption of predictive analytics solutions
    • 7.2.2 DESCRIPTIVE ANALYTICS
      • 7.2.2.1 Need for interpretation of historical data to yield useful information to boost the adoption of descriptive analytics solutions in the insurance sector
    • 7.2.3 SOCIAL MEDIA ANALYTICS
      • 7.2.3.1 Need to identify suspicious patterns through specialized algorithms for effective fraud detection driving the adoption of social media analytics solutions in the insurance sector
    • 7.2.4 BIG DATA ANALYTICS
      • 7.2.4.1 Need for advanced analytical solution that proactively defends against fraudulent activities to drive the adoption of big data analytics solutions in the insurance sector
  • 7.3 AUTHENTICATION
    • 7.3.1 SINGLE-FACTOR AUTHENTICATION
      • 7.3.1.1 Need for simple and less complex form of authentication solutions to boost the adoption of SFA solutions
    • 7.3.2 MULTI-FACTOR AUTHENTICATION
      • 7.3.2.1 Need to secure data and information against frauds driving the adoption of MFA solutions
    • 7.3.3 RISK-BASED AUTHENTICATION
      • 7.3.3.1 Need to analyze risk levels and apply stringent authentication processes driving the adoption of RBA solutions
  • 7.4 GOVERNANCE, RISK, AND COMPLIANCE
    • 7.4.1 NEED TO ADHERE TO VARIOUS COMPLIANCES AND MITIGATE RISK DRIVING THE ADOPTION OF GRC SOLUTIONS
  • 7.5 OTHERS

8 INSURANCE FRAUD DETECTION MARKET, BY SERVICE

  • 8.1 INTRODUCTION
  • 8.2 PROFESSIONAL SERVICES
    • 8.2.1 CONSULTING SERVICES
      • 8.2.1.1 Growing need for highly-qualified experts, domain experts, and security professionals to fuel the demand for consulting services
    • 8.2.2 TRAINING AND EDUCATION
      • 8.2.2.1 Increasing need for skilled security professionals to fuel the demand for training and education services
    • 8.2.3 SUPPORT AND MAINTENANCE
      • 8.2.3.1 Growing need for installation, maintenance, and other support activities to boost the demand for support and maintenance services
  • 8.3 MANAGED SERVICES
    • 8.3.1 GROWING NEED FOR TECHNICAL EXPERTISE TO MAINTAIN AND UPDATE INSURANCE FRAUD DETECTION SOLUTIONS TO BOOST THE DEMAND FOR MANAGED SERVICES

9 INSURANCE FRAUD DETECTION MARKET, BY APPLICATION AREA

  • 9.1 INTRODUCTION
  • 9.2 CLAIMS FRAUD
    • 9.2.1 RISE IN FRAUDULENT CLAIMS IN HEALTHCARE, LIFE, AND MOTOR INSURANCE AREAS TO BOOST THE ADOPTION OF INSURANCE FRAUD DETECTION SOLUTIONS
  • 9.3 IDENTITY THEFT
    • 9.3.1 GROWING IDENTITY-RELATED FRAUDS TO FUEL THE ADOPTION OF INSURANCE FRAUD DETECTION SOLUTIONS
  • 9.4 PAYMENT FRAUD AND BILLING FRAUD
    • 9.4.1 INCREASING FRAUDULENT ACTIVITIES RELATED TO DIGITAL TRANSACTIONS AND PAYMENTS TO BOOST THE ADOPTION OF INSURANCE FRAUD DETECTION SOLUTIONS
  • 9.5 MONEY LAUNDERING
    • 9.5.1 NEED TO DETECT AND PREVENT GROWING MONEY LAUNDERING ACTIVITIES TO BOOST THE ADOPTION OF INSURANCE FRAUD DETECTION SOLUTIONS

10 INSURANCE FRAUD DETECTION MARKET, BY DEPLOYMENT MODE

  • 10.1 INTRODUCTION
  • 10.2 CLOUD
    • 10.2.1 LOW COST OF INSTALLATION, UPGRADE, AND MAINTENANCE TO BOOST THE ADOPTION OF CLOUD-BASED INSURANCE FRAUD DETECTION SOLUTIONS
  • 10.3 ON-PREMISES
    • 10.3.1 NEED TO SECURE THE IN-HOUSE APPLICATIONS, PLATFORMS, AND SYSTEMS AGAINST OPERATIONAL FRAUDS TO FUEL THE ADOPTION OF ON-PREMISES INSURANCE FRAUD DETECTION SOLUTIONS

11 INSURANCE FRAUD DETECTION MARKET, BY ORGANIZATION SIZE

  • 11.1 INTRODUCTION
  • 11.2 SMALL AND MEDIUM-SIZED ENTERPRISES
    • 11.2.1 GROWING FRAUDULENT ACTIVITIES TO DRIVE THE ADOPTION OF INSURANCE FRAUD DETECTION SOLUTIONS AMONG SMALL AND MEDIUM-SIZED ENTERPRISES
  • 11.3 LARGE ENTERPRISES
    • 11.3.1 INCREASING FINANCIAL LOSSES AND HEFTY FINES FOR REGULATORY NON-COMPLIANCE TO BOOST THE ADOPTION OF INSURANCE FRAUD DETECTION SOLUTIONS AMONG LARGE ENTERPRISES

12 INSURANCE FRAUD DETECTION MARKET, BY REGION

  • 12.1 INTRODUCTION
  • 12.2 NORTH AMERICA
    • 12.2.1 UNITED STATES
      • 12.2.1.1 Increasing investments by the insurance sector in fraud detection solutions to drive the growth of insurance fraud detection market in the United States
    • 12.2.2 CANADA
      • 12.2.2.1 Government initiatives to safeguard network systems against frauds driving the growth of insurance fraud detection market in Canada
  • 12.3 EUROPE
    • 12.3.1 UNITED KINGDOM
      • 12.3.1.1 Growing trend of BYOD and increased use of applications in enterprises and threat to organizational data driving the growth of insurance fraud detection market in the United Kingdom
    • 12.3.2 GERMANY
      • 12.3.2.1 Rising use of online transactions to pay premiums and increasing threat to confidential information driving the growth of insurance fraud detection market in Germany
    • 12.3.3 FRANCE
      • 12.3.3.1 Growing money laundering and identity impersonation to fuel the growth of insurance fraud detection market in France
    • 12.3.4 REST OF EUROPE
  • 12.4 ASIA PACIFIC
    • 12.4.1 CHINA
      • 12.4.1.1 Increasing need to secure APIs, mobile apps, and websites from fraudsters to contribute to the growth of insurance fraud detection market in China
    • 12.4.2 JAPAN
      • 12.4.2.1 Increasing number of potential frauds due to high internet penetration to fuel the growth of insurance fraud detection market in Japan
    • 12.4.3 INDIA
      • 12.4.3.1 Growing adoption of fraud detection solutions in the insurance sector due to increase in mobile applications use, digitalization of various services, and rise in fraud attacks to drive the adoption of insurance fraud detection solutions on a large scale in India
    • 12.4.4 REST OF ASIA PACIFIC
  • 12.5 MIDDLE EAST AND AFRICA
    • 12.5.1 MIDDLE EAST
      • 12.5.1.1 Increasing frauds in the insurance vertical to drive the growth of insurance fraud detection market in the Middle East
    • 12.5.2 AFRICA
      • 12.5.2.1 Hefty financial losses due to fraudulent attacks across the insurance organizations to contribute to the growth of insurance fraud detection market in Africa
  • 12.6 LATIN AMERICA
    • 12.6.1 BRAZIL
      • 12.6.1.1 Increasing investments by SMEs and large enterprises due to growing frauds across endpoints, networks, and applications to drive the growth of insurance fraud detection market in Brazil
    • 12.6.2 MEXICO
      • 12.6.2.1 Increasing fraud attacks on insurance verticals to drive the growth of insurance fraud detection market in Mexico
    • 12.6.3 REST OF LATIN AMERICA

13 COMPETITIVE LANDSCAPE

  • 13.1 COMPETITIVE LEADERSHIP MAPPING
    • 13.1.1 VISIONARY LEADERS
    • 13.1.2 INNOVATORS
    • 13.1.3 DYNAMIC DIFFERENTIATORS
    • 13.1.4 EMERGING COMPANIES
  • 13.2 STRENGTH OF PRODUCT PORTFOLIO
  • 13.3 BUSINESS STRATEGY EXCELLENCE
  • 13.4 COMPETITIVE SCENARIO
    • 13.4.1 PARTNERSHIPS, AGREEMENTS, AND COLLABORATIONS
    • 13.4.2 MERGERS AND ACQUISITIONS
    • 13.4.3 NEW PRODUCT LAUNCHES/PRODUCT ENHANCEMENTS
    • 13.4.4 BUSINESS EXPANSIONS

14 COMPANY PROFILES

  • 14.1 INTRODUCTION

(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View)*

  • 14.2 FICO
  • 14.3 IBM
  • 14.4 BAE SYSTEMS
  • 14.5 SAS INSTITUTE
  • 14.6 EXPERIAN
  • 14.7 LEXISNEXIS
  • 14.8 IOVATION
  • 14.9 FRISS
  • 14.10 SAP
  • 14.11 FISERV
  • 14.12 ACI WORLDWIDE
  • 14.13 SIMILITY
  • 14.14 KOUNT
  • 14.15 SOFTWARE AG
  • 14.16 BRIDGEI2I ANALYTICS SOLUTIONS
  • 14.17 PERCEPTIVITI

Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.

15 APPENDIX

  • 15.1 DISCUSSION GUIDE
  • 15.2 KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
  • 15.3 AVAILABLE CUSTOMIZATIONS
  • 15.4 RELATED REPORTS
  • 15.5 AUTHOR DETAILS
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