Key Players in the Global Fraud Detection systems are Oracle Corporation, Aspect Software, Avaya Inc. and Infor.
(PRWEB) October 20, 2014
The Global Fraud Detection systems report defines and segments the concerned market globally with analysis and forecast of revenue. The fraud detection systems market is estimated to grow to $2,105.0 million by 2018, at a CAGR of 5.2% from 2013 to 2018.
Browse through the TOC of the global fraud detection systems market, to get an idea of the in-depth analysis provided. This also provides a glimpse of market segmentation, and is supported by various tables and figures.
Fraud detection systems examine medically impossible procedures, services billed while the patient is hospitalized, non-covered services that were paid, provider billing errors, provider up-coding and mis coding, and duplicate services across providers and claim types.
The fraud detection market is poised to witness a high growth in order to reduce medical frauds taking place globally. Healthcare systems have been confronted with major issues related to storing, collection, and integration of clinical, financial, and operational information. In addition, growing concerns of delivering efficient care, the rising competition between healthcare providers, and the need to combat frequent changes in reimbursement models have emphasized the need of fraud detection system.
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Globally, North America is the largest-growing fraud detection systems market with an expected value of around $1,260.0 million by 2018. The high growth is due to factors such as the rising expenses on account of fraud, and the need to combat undue expenses in the healthcare industry. Therefore, the implementation of anti-fraud or fraud awareness program is rising. On the other hand, The European fraud detection systems market is largely driven by reduction of healthcare costs by using anti-fraud solutions/systems, growing need to integrate healthcare systems, and transformation in the healthcare segments.
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The Asian region is also pacing up to become one of the fastest-growing markets for fraud detection; it is expected to witness a CAGR of 5.5% from 2013 to 2018. The growth is attributed to factors such as growing security concerns among st private insurance companies, and government initiatives to improve patient security. However, limited investment in healthcare IT and high cost of healthcare solutions are hindering the growth of this market in Asia.
This market is segmented and forecast on the basis of components and deployments of the global fraud detection systems market. The components comprise hardware, software, and services, and the deployments are on-premise, cloud-based and web-based. On the basis of products, the market is divided as integrated fraud detection and standalone fraud detection systems. The market is further segmented and forecast on the basis of major regions, such as North America, Europe, and Asia. The market is also segmented and analyzed further on the basis of the major end-users.
This report also includes the market share, value chain analyses, and market metrics such as drivers, restraints and upcoming opportunities in the market. In addition, it presents a competitive landscape and company profiles of the key players in the market including major companies of the market.
Related Reports :
North America Fraud Detection Market
Fraud Detection-North America market has been pegged at 964.0m in the year 2013 growing at 5.5% annually and is projected to reach 1,260m by the end of the year 2018.
Fraud Detection-North America constitute 58.9% of Global Fraud Detection market and are poised to grow its market share to 59.9% by the end of year 2018.
It is segmented on basis of components, end users, geographies, deployments and products.
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