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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: October 1, 2019 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. METHODOLOGY

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
    • 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
    • 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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