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Market Research Report

Insurance Analytics

Published by Global Industry Analysts, Inc. Product code 907942
Published Content info 147 Pages
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Insurance Analytics
Published: February 1, 2020 Content info: 147 Pages
Description

Insurance Analytics market worldwide is projected to grow by US$8.3 Billion, driven by a compounded growth of 12.6%. Claims Management, one of the segments analyzed and sized in this study, displays the potential to grow at over 12.7%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$4.9 Billion by the year 2025, Claims Management will bring in healthy gains adding significant momentum to global growth.

Representing the developed world, the United States will maintain a 13.5% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$333.1 Million to the region's size and clout in the next 5 to 6 years. Over US$398.8 Million worth of projected demand in the region will come from Rest of Europe markets. In Japan, Claims Management will reach a market size of US$432.9 Million by the close of the analysis period. As the world's second largest economy and the new game changer in global markets, China exhibits the potential to grow at 12.5% over the next couple of years and add approximately US$1.5 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include, among others,

  • Applied Systems Inc.
  • Birst, Inc.
  • BOARD International
  • Bridgei2i Analytics Solutions
  • Guidewire Software, Inc.
  • Hexaware Technologies Ltd.
  • IBM Corporation
  • LexisNexis Group Inc.
  • Microsoft Corporation
  • MicroStrategy, Inc.
  • OpenText Corporation
  • Oracle Corporation
  • Palantir Technologies
  • Pegasystems, Inc.
  • Prads Inc.
  • Qlik Technologies, Inc.
  • Salesforce.com, Inc.
  • SAP SE
  • SAS Institute, Inc.
  • Tableau Software, Inc.
  • TIBCO Software, Inc.
  • Verisk Analytics, Inc.
  • Vertafore, Inc.

Table of Contents
Product Code: MCP12765

TABLE OF CONTENTS

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Increasing Demand for Digitalization, Advanced Analytics, Automation and AI in Insurance Sector Drives Growth for Insurance Analytics Market
  • On-Demand Insurance Goes Mainstream
  • Competition
  • Leading Insurance Software Vendors in the Global Insurance Analytics Market
  • Global Insurance Market for the Year 2019: Percentage Share Breakdown of Value Sales by Leading Vendors
  • Global Competitor Market Shares
  • Insurance Analytics Competitor Market Share Scenario Worldwide (in %): 2019 & 2025

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Rapid Shift from Report-Driven Strategy to Data-Driven Decision Making in the Insurance Sector Propels Growth for Insurance Analytics
  • Global Internet Data Generated Per Minute by Various Apps for the Year 2018
  • Fast Adoption of Advanced Insurance Analytics Techniques: An Opportunity Indicator
  • Global Big Data Market: Revenues in US$ Billion by Segment for the Years 2019 and 2025
  • Increasing Demand for Innovative Insurance Analytics Tools and Services Lead to Growth
  • Growth in Adoption of AI and IoT in Insurance Sector Augurs Well for Insurance Analytics Market
  • Global IoT Connected Devices Market: Breakdown of Installed Base in Billion for the Years from 2015, 2018, 2021, and 2024
  • Global AI Market: Revenues in US$ Billion for the Years 2015, 2018, 2021, 2024
  • Consumer IoT Offers Significant Growth Opportunities for Insurance Analytics Market
  • Global IoT Market: Spending in US$ Billion by Segment for the Year 2019
  • IoT Faces Data Management, Security and Ownership Challenges in Insurance Analytics Market
  • Product Overview
  • Insurance Analytics: An Introduction
  • Insurance Analytics: Business Applications
  • Process Optimization
  • Risk Management
  • Customer Management and Personalization
  • Claims Management
  • Insurance Analytics by Type
  • On-Demand Insurance
  • On-Premise Insurance

4. GLOBAL MARKET PERSPECTIVE

  • TABLE 1: Insurance Analytics Global Market Estimates and Forecasts in US$ Million by Region/Country: 2018-2025
  • TABLE 2: Insurance Analytics Market Share Shift across Key Geographies Worldwide: 2019 VS 2025
  • TABLE 3: Claims Management (Business Application) World Market by Region/Country in US$ Million: 2018 to 2025
  • TABLE 4: Claims Management (Business Application) Market Share Breakdown of Worldwide Sales by Region/Country: 2019 VS 2025
  • TABLE 5: Risk Management (Business Application) Potential Growth Markets Worldwide in US$ Million: 2018 to 2025
  • TABLE 6: Risk Management (Business Application) Market Sales Breakdown by Region/Country in Percentage: 2019 VS 2025
  • TABLE 7: Customer Management and Personalization (Business Application) Geographic Market Spread Worldwide in US$ Million: 2018 to 2025
  • TABLE 8: Customer Management and Personalization (Business Application) Market Share Distribution in Percentage by Region/Country: 2019 VS 2025
  • TABLE 9: Process Optimization (Business Application) World Market Estimates and Forecasts by Region/Country in US$ Million: 2018 to 2025
  • TABLE 10: Process Optimization (Business Application) Market Share Breakdown by Region/Country: 2019 VS 2025
  • TABLE 11: On-premises (Deployment) World Market by Region/Country in US$ Million: 2018 to 2025
  • TABLE 12: On-premises (Deployment) Market Share Distribution in Percentage by Region/Country: 2019 VS 2025
  • TABLE 13: On-demand (Deployment) World Market Estimates and Forecasts in US$ Million by Region/Country: 2018 to 2025
  • TABLE 14: On-demand (Deployment) Market Percentage Share Distribution by Region/Country: 2019 VS 2025
  • TABLE 15: Insurance Companies (End-Use) Global Opportunity Assessment in US$ Million by Region/Country: 2018-2025
  • TABLE 16: Insurance Companies (End-Use) Percentage Share Breakdown of Global Sales by Region/Country: 2019 VS 2025
  • TABLE 17: Government Agencies (End-Use) Worldwide Sales in US$ Million by Region/Country: 2018-2025
  • TABLE 18: Government Agencies (End-Use) Market Share Shift across Key Geographies: 2019 VS 2025
  • TABLE 19: Third-party Administrators, Brokers, and Consultancies (End-Use) Global Market Estimates & Forecasts in US$ Million by Region/Country: 2018-2025
  • TABLE 20: Third-party Administrators, Brokers, and Consultancies (End-Use) Market Share Breakdown by Region/Country: 2019 VS 2025

III. MARKET ANALYSIS

  • GEOGRAPHIC MARKET ANALYSIS
  • UNITED STATES
    • Market Facts & Figures
    • US Insurance Analytics Market Share (in %) by Company: 2019 & 2025
    • Market Analytics
    • TABLE 21: United States Insurance Analytics Market Estimates and Projections in US$ Million by Business Application: 2018 to 2025
    • TABLE 22: United States Insurance Analytics Market Share Breakdown by Business Application: 2019 VS 2025
    • TABLE 23: Insurance Analytics Market in US$ Million in the United States by Deployment: 2018-2025
    • TABLE 24: United States Insurance Analytics Market Share Breakdown by Deployment: 2019 VS 2025
    • TABLE 25: United States Insurance Analytics Latent Demand Forecasts in US$ Million by End-Use: 2018 to 2025
    • TABLE 26: Insurance Analytics Market Share Breakdown in the United States by End-Use: 2019 VS 2025
  • CANADA
    • TABLE 27: Canadian Insurance Analytics Market Estimates and Forecasts in US$ Million by Business Application: 2018 to 2025
    • TABLE 28: Insurance Analytics Market in Canada: Percentage Share Breakdown of Sales by Business Application for 2019 and 2025
    • TABLE 29: Insurance Analytics Market Analysis in Canada in US$ Million by Deployment: 2018-2025
    • TABLE 30: Canadian Insurance Analytics Market Share Breakdown by Deployment: 2019 VS 2025
    • TABLE 31: Canadian Insurance Analytics Market Quantitative Demand Analysis in US$ Million by End-Use: 2018 to 2025
    • TABLE 32: Canadian Insurance Analytics Market Share Analysis by End-Use: 2019 VS 2025
  • JAPAN
    • TABLE 33: Japanese Market for Insurance Analytics: Annual Sales Estimates and Projections in US$ Million by Business Application for the Period 2018-2025
    • TABLE 34: Japanese Insurance Analytics Market Share Analysis by Business Application: 2019 VS 2025
    • TABLE 35: Japanese Medium & Long-Term Outlook for Insurance Analytics Market in US$ Million by Deployment: 2018-2025
    • TABLE 36: Japanese Insurance Analytics Market Percentage Share Distribution by Deployment: 2019 VS 2025
    • TABLE 37: Japanese Demand Estimates and Forecasts for Insurance Analytics in US$ Million by End-Use: 2018 to 2025
    • TABLE 38: Insurance Analytics Market Share Shift in Japan by End-Use: 2019 VS 2025
  • CHINA
    • TABLE 39: Chinese Insurance Analytics Market Growth Prospects in US$ Million by Business Application for the Period 2018-2025
    • TABLE 40: Chinese Insurance Analytics Market by Business Application: Percentage Breakdown of Sales for 2019 and 2025
    • TABLE 41: Insurance Analytics Market Estimates and Forecasts in China in US$ Million by Deployment: 2018-2025
    • TABLE 42: Insurance Analytics Market in China: Percentage Share Analysis by Deployment for 2019 and 2025
    • TABLE 43: Chinese Demand for Insurance Analytics in US$ Million by End-Use: 2018 to 2025
    • TABLE 44: Chinese Insurance Analytics Market Share Breakdown by End-Use: 2019 VS 2025
  • EUROPE
    • Market Facts & Figures
    • European Insurance Analytics Market: Competitor Market Share Scenario (in %) for 2019 & 2025
    • Market Analytics
    • TABLE 45: European Insurance Analytics Market Demand Scenario in US$ Million by Region/Country: 2018-2025
    • TABLE 46: European Insurance Analytics Market Share Shift by Region/Country: 2019 VS 2025
    • TABLE 47: European Insurance Analytics Market Estimates and Forecasts in US$ Million by Business Application: 2018-2025
    • TABLE 48: European Insurance Analytics Market Share Breakdown by Business Application: 2019 VS 2025
    • TABLE 49: European Insurance Analytics Market Assessment in US$ Million by Deployment: 2018-2025
    • TABLE 50: Insurance Analytics Market in Europe: Percentage Breakdown of Sales by Deployment for 2019 and 2025
    • TABLE 51: European Insurance Analytics Addressable Market Opportunity in US$ Million by End-Use: 2018-2025
    • TABLE 52: European Insurance Analytics Market Share Analysis by End-Use: 2019 VS 2025
  • FRANCE
    • TABLE 53: Insurance Analytics Market in France by Business Application: Estimates and Projections in US$ Million for the Period 2018-2025
    • TABLE 54: French Insurance Analytics Market Share Analysis by Business Application: 2019 VS 2025
    • TABLE 55: French Insurance Analytics Market Estimates and Projections in US$ Million by Deployment: 2018-2025
    • TABLE 56: French Insurance Analytics Market Share Breakdown by Deployment: 2019 VS 2025
    • TABLE 57: Insurance Analytics Quantitative Demand Analysis in France in US$ Million by End-Use: 2018-2025
    • TABLE 58: French Insurance Analytics Market Share Analysis: A 7-Year Perspective by End-Use for 2019 and 2025
  • GERMANY
    • TABLE 59: Insurance Analytics Market in Germany: Recent Past, Current and Future Analysis in US$ Million by Business Application for the Period 2018-2025
    • TABLE 60: German Insurance Analytics Market Share Breakdown by Business Application: 2019 VS 2025
    • TABLE 61: German Insurance Analytics Latent Demand Forecasts in US$ Million by Deployment: 2018-2025
    • TABLE 62: German Insurance Analytics Market Share Breakdown by Deployment: 2019 VS 2025
    • TABLE 63: Insurance Analytics Market in Germany: Annual Sales Estimates and Forecasts in US$ Million by End-Use for the Period 2018-2025
    • TABLE 64: Insurance Analytics Market Share Distribution in Germany by End-Use: 2019 VS 2025
  • ITALY
    • TABLE 65: Italian Insurance Analytics Market Growth Prospects in US$ Million by Business Application for the Period 2018-2025
    • TABLE 66: Italian Insurance Analytics Market by Business Application: Percentage Breakdown of Sales for 2019 and 2025
    • TABLE 67: Insurance Analytics Market Estimates and Forecasts in Italy in US$ Million by Deployment: 2018-2025
    • TABLE 68: Insurance Analytics Market in Italy: Percentage Share Analysis by Deployment for 2019 and 2025
    • TABLE 69: Italian Demand for Insurance Analytics in US$ Million by End-Use: 2018 to 2025
    • TABLE 70: Italian Insurance Analytics Market Share Breakdown by End-Use: 2019 VS 2025
  • UNITED KINGDOM
    • TABLE 71: United Kingdom Market for Insurance Analytics: Annual Sales Estimates and Projections in US$ Million by Business Application for the Period 2018-2025
    • TABLE 72: United Kingdom Insurance Analytics Market Share Analysis by Business Application: 2019 VS 2025
    • TABLE 73: United Kingdom Medium & Long-Term Outlook for Insurance Analytics Market in US$ Million by Deployment: 2018-2025
    • TABLE 74: United Kingdom Insurance Analytics Market Percentage Share Distribution by Deployment: 2019 VS 2025
    • TABLE 75: United Kingdom Demand Estimates and Forecasts for Insurance Analytics in US$ Million by End-Use: 2018 to 2025
    • TABLE 76: Insurance Analytics Market Share Shift in the United Kingdom by End-Use: 2019 VS 2025
  • REST OF EUROPE
    • TABLE 77: Rest of Europe Insurance Analytics Market Estimates and Forecasts in US$ Million by Business Application: 2018-2025
    • TABLE 78: Rest of Europe Insurance Analytics Market Share Breakdown by Business Application: 2019 VS 2025
    • TABLE 79: Rest of Europe Insurance Analytics Market Assessment in US$ Million by Deployment: 2018-2025
    • TABLE 80: Insurance Analytics Market in Rest of Europe: Percentage Breakdown of Sales by Deployment for 2019 and 2025
    • TABLE 81: Rest of Europe Insurance Analytics Addressable Market Opportunity in US$ Million by End-Use: 2018-2025
    • TABLE 82: Rest of Europe Insurance Analytics Market Share Analysis by End-Use: 2019 VS 2025
  • ASIA-PACIFIC
    • TABLE 83: Insurance Analytics Market in Asia-Pacific by Business Application: Estimates and Projections in US$ Million for the Period 2018-2025
    • TABLE 84: Asia-Pacific Insurance Analytics Market Share Analysis by Business Application: 2019 VS 2025
    • TABLE 85: Asia-Pacific Insurance Analytics Market Estimates and Projections in US$ Million by Deployment: 2018-2025
    • TABLE 86: Asia-Pacific Insurance Analytics Market Share Breakdown by Deployment: 2019 VS 2025
    • TABLE 87: Insurance Analytics Quantitative Demand Analysis in Asia-Pacific in US$ Million by End-Use: 2018-2025
    • TABLE 88: Asia-Pacific Insurance Analytics Market Share Analysis: A 7-Year Perspective by End-Use for 2019 and 2025
  • REST OF WORLD
    • TABLE 89: Rest of World Insurance Analytics Market Estimates and Forecasts in US$ Million by Business Application: 2018 to 2025
    • TABLE 90: Insurance Analytics Market in Rest of World: Percentage Share Breakdown of Sales by Business Application for 2019 and 2025
    • TABLE 91: Insurance Analytics Market Analysis in Rest of World in US$ Million by Deployment: 2018-2025
    • TABLE 92: Rest of World Insurance Analytics Market Share Breakdown by Deployment: 2019 VS 2025
    • TABLE 93: Rest of World Insurance Analytics Market Quantitative Demand Analysis in US$ Million by End-Use: 2018 to 2025
    • TABLE 94: Rest of World Insurance Analytics Market Share Analysis by End-Use: 2019 VS 2025

IV. COMPETITION

  • APPLIED SYSTEMS INC.
  • BOARD INTERNATIONAL
  • BRIDGEI2I ANALYTICS SOLUTIONS
  • BIRST
  • GUIDEWIRE SOFTWARE
  • HEXAWARE TECHNOLOGIES
  • IBM CORPORATION
  • LEXISNEXIS GROUP
  • MICROSTRATEGY
  • MICROSOFT CORPORATION
  • OPENTEXT CORPORATION
  • ORACLE CORPORATION
  • PALANTIR TECHNOLOGIES
  • PEGASYSTEMS
  • PRADS INC.
  • QLIK TECHNOLOGIES, INC.
  • SAP SE
  • SAS INSTITUTE
  • SALESFORCE.COM
  • TIBCO SOFTWARE
  • TABLEAU SOFTWARE
  • VERISK ANALYTICS
  • VERTAFORE

V. CURATED RESEARCH

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