Telecom And Wireless Markets Update

Global  Insurance Fraud Detection Market  estimated to grow at a CAGR of 21.6% to reach USD 12 billion by 2026. The advent of big data analytics and cloud computing services and the rapid growth of mobile banking are key factors driving demand for fraud detection and prevention. The cloud architecture helps companies to fulfill information protection compliance requirements for encryption, task isolation, and secure data access control. The development of new technology has produced sophisticated fraud techniques that help to detect fraud by using smarter approaches. Global concerns about the ever-increasing cases of insurance fraud, coupled with sophisticated organized crime, have signaled the need for all insurance companies to act consistently.  Insurance Fraud Detection Fraud analytics is expected to constitute the largest market share. It involves a collection of analytical techniques that analyze the systems and databases of companies to identify vulnerabi...