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Insurance Fraud Detection Market Research Report 2023 | Valuates Reports
Insurance Fraud Detection MarketInsurance Fraud Detection refers to the detection and prevention of insurance fraud through services and solutions such as fraud analysis and authentication.
The global Insurance Fraud Detection market was valued at US$ 2355.1 million in 2022 and is anticipated to reach US$ 5334.7 million by 2029, witnessing a CAGR of 14.6% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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North American market for Insurance Fraud Detection is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.
Asia-Pacific market for Insurance Fraud Detection is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.
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The global market for Insurance Fraud Detection in Claims Fraud Detection is estimated to increase from $ million in 2023 to $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.
The key global companies of Insurance Fraud Detection include FICO, IBM, BAE Systems, SAS Institute, Experian, LexisNexis, Iovation, FRISS and SAP, etc. In 2022, the world's top three vendors accounted for approximately % of the revenue.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Insurance Fraud Detection, with both quantitative and qualitative analysis, to help readers develop
business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Insurance Fraud Detection.
The Insurance Fraud Detection market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Insurance Fraud Detection market comprehensively. Regional market sizes, concerning products by type, by application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Insurance Fraud Detection companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.
Key Segmentations
By Company
• FICO
• IBM
• BAE Systems
• SAS Institute
• Experian
• LexisNexis
• Iovation
• FRISS
• SAP
• Fiserv
• ACI Worldwide
• Simility
• Kount
• Software AG
• BRIDGEi2i Analytics Solutions
• Perceptiviti
Segment by Type
• Fraud Analytics
• Authentication
• Other
Segment by Application
• Claims Fraud Detection
• Identity Theft Detection
• Payment and Billing Fraud Detection
• Money Laundering Detection
• Other
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