PUBLISHER: TechNavio | PRODUCT CODE: 1400497
PUBLISHER: TechNavio | PRODUCT CODE: 1400497
The insurance analytics market is forecasted to grow by USD 13.14 bn during 2023-2028, accelerating at a CAGR of 15.96% during the forecast period. The report on the insurance analytics market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing government regulations on mandatory insurance coverage in developing countries, increasing availability of big data tools, and a growing need for insurers to make data-driven decisions.
Market Scope | |
---|---|
Base Year | 2023 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 15.23% |
CAGR | 15.96% |
Incremental Value | $13.14bn |
Technavio's insurance analytics market is segmented as below:
By Deployment
By Component
By Geography
This study identifies the increasing adoption of insurance in developing countries as one of the prime reasons driving the insurance analytics market growth during the next few years. Also, advancements in technology in insurance analytics and the expansion of the retail landscape will lead to sizable demand in the market.
The report on the insurance analytics market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading insurance analytics market vendors that include Applied Systems Inc., Capgemini Service SAS, Cognizant Technology Solutions Corp., Deloitte Touche Tohmatsu Ltd., Guidewire Software Inc., International Business Machines Corp., Majesco, MicroStrategy Inc., Oracle Corp., Pegasystems Inc., QlikTech international AB, RELX Plc, Roper Technologies Inc., Salesforce Inc., SAP SE, SAS Institute Inc., TIBCO Software Inc., Verisk Analytics Inc., WNS Holdings Ltd., and Ernst and Young Global Ltd. Also, the insurance analytics market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape and an analysis of the key vendors.
The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
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