Europe Fraud Detection Market
- Report Code: FR 1001
- Publish Date: Upcoming
The rise in aging population in the European region has resulted in a rapid growth in the demand for healthcare and associated administrative and operational systems that are cost-effective and highly efficient. Moreover, the rising number of healthcare facilities and patients hinder administrators from detecting and handling fraudulent claims and activities. Thus, the demand for efficient IT-based fraud detection systems in Europe is expected to grow in the coming years, thereby resulting in the growth of the concerned market from 2013 to 2018.
In 2013, the European fraud detection market accounted for a share of 23.29% in the global fraud detection market. The European segment is projected to grow at a CAGR of 4.6% from 2013 to 2018. The U.K. segment is the largest contributor to the European market, having accounted for a share of 25.15% in 2013, followed by France with a share of 20.10%. Both the segments are projected to grow at a CAGR of 4.8% during the given forecast period.
Due to the aging population in Europe, the demand for healthcare is rising significantly. However, the administration and operations lack efficiency in handling the growing demand. Thus, the governments are extending financial support to the healthcare sector in order to enhance the healthcare IT systems in the region, of which fraud detection is an important component. In other words, healthcare expenditure is one of the most important macroeconomic indicators that impact the growth of the market, as the growth of the concerned market is heavily dependent on investments to develop the healthcare IT infrastructure, which is drawn from the overall healthcare expenditure in the region. Hospitals and office-based physicians are the main consumers of fraud detection systems, having respectively accounted for market shares of 32.3% and 28.06% in the North American fraud detection market, in 2013. Some of the major companies that contribute to the growth of the market in Europe are Oracle Corporation (U.S.), Cerner Corporation (U.S.), and Aspect Software (U.S.), among others.
The European fraud detection market report delivers information on the valuation of various segments of the healthcare fraud detection market in Europe. The European market has been segmented in terms of end-users, products, components, deployments models, and major countries in the region. The U.K., France, and Germany, among others, are the major countries that have been considered for this extensive market analysis. The main end-users of the market are emergency healthcare providers, hospitals, clinics, nurses, and office-based physicians, among others. Integrated and standalone fraud detection are the major products of this market. On the basis of deployment models, the market has been segmented into could-based, on-premise, and web-based. The main components of fraud detection systems include hardware, software, and services. The report also provides insights into the competitive landscape of the market, along with profiles of major players in the European fraud detection market.
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