According to a new market research report "Insurance Fraud Detection Market by Component (Solutions(Fraud Analytics, Authentication, and GRC), Service) Application Area (ClaimsFraud, Identity Theft, Payment and Billing Fraud, and Money Laundering),Deployment Mode, Organization Size, and Region - Global Forecast to 2024", published byMarketsandMarkets™, the global Insurance Fraud Detection Market is expected to grow from USD2.5 billion in 2019 to USD 7.9 billion by 2024, at a Compound Annual GrowthRate (CAGR) of 25.8% during the forecast period.
Themajor aspects driving the Insurance Fraud Detection Market are the need toeffectively manage huge volumes of identities by organizations; improvingoperational efficiency & enhancing the customer experience; increasingadoption of advanced analytics techniques; and stringent regulatorycompliances. The Insurance Fraud Detection Market is growing drastically onaccount of the proliferation of cloud-based services in the insurance sectorand increasing threats & frauds in this sector.
Browse 84 market data Tables and 36 Figures spreadthrough 155 Pages and in-depth TOC on "Insurance Fraud Detection Market byComponent (Solutions (Fraud Analytics, Authentication, and GRC), Service)Application Area (Claims Fraud, Identity Theft, Payment and Billing Fraud, andMoney Laundering), Deployment Mode, Organization Size, and Region - GlobalForecast to 2024"
