PUBLISHER: Allied Market Research | PRODUCT CODE: 1179774
PUBLISHER: Allied Market Research | PRODUCT CODE: 1179774
The public cloud is an IT model in which a third-party provider manages on-demand computing services and infrastructure that is shared across multiple organizations via the public Internet. The public cloud makes computing resources available for purchase by anyone. In addition, a public cloud is typically shared by multiple users., whereas, a private cloud, on the other hand, refers to cloud-based services that are hosted within an organization.
An increase in digital transformation among industries and rising penetration of internet & mobile devices across the world are boosting the growth of the global P&C Insurance software market size. In addition, the growing need for finance among businesses and individuals to insure property positively impacts the growth of the market. However, enforcement of strong rules by banks and financial institutions for providing housing finance is hampering the P&C Insurance software market growth. On the contrary, the rise in prices of real estate properties in developing countries and the acceleration of metropolitan cities across the globe is expected to offer remunerative opportunities for expansion of the P&C Insurance software market during the forecast period.
The P&C Insurance software market is segmented on the basis of component, deployment model, application, and region. By component, the market is bifurcated into software and service. By deployment model, the market is segmented into on-premise and cloud. Based on application the market is divided into claims, underwriting, operations, and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in the P&C Insurance software market analysis are Agency Software Inc., ClarionDoor, Duck Creek Technologies, Guidewire Software, Inc., InsuredMine, PCMS Software, Pegasystems Inc., Quick Silver Systems, Inc., WTW, and Zywave, Inc. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
Key Benefits For Stakeholders
By Component
By Deployment Model
By Application
By Region