PUBLISHER: TechNavio | PRODUCT CODE: 1915553
PUBLISHER: TechNavio | PRODUCT CODE: 1915553
Global Claims Processing Software Market 2025-2029
The global claims processing software market is forecasted to grow by USD 27190.4 mn during 2024-2029, accelerating at a CAGR of 9.0% during the forecast period. The report on the global claims processing software 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 adoption of insurance claims processing software in developing countries, rising prevalence of fatal diseases.
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 size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
| Market Scope | |
|---|---|
| Base Year | 2025 |
| End Year | 2029 |
| Series Year | 2025-2029 |
| Growth Momentum | Accelerate |
| YOY 2025 | 8% |
| CAGR | 9% |
| Incremental Value | $27190.4 mn |
Technavio's global claims processing software market is segmented as below:
By Component
- Software
- Services
By Deployment
- Cloud-based
- On-premises
By Industry Application
- BFSI
- Healthcare
- IT and telecommunications
- Retail and E-commerce
- Others
Geography
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- The Netherlands
- Spain
- APAC
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- South America
- Brazil
- Argentina
- Colombia
- Middle East and Africa
- UAE
- South Africa
- Turkey
- Rest of World (ROW)
This study identifies the rapid growth of cyber insurance sector as one of the prime reasons driving the global claims processing software market growth during the next few years. Also, investor collaboration with insurtech firms and launch of new software services will lead to sizable demand in the market.
The report on the global claims processing software market covers the following areas:
- Global claims processing software market sizing
- Global claims processing software market forecast
- Global claims processing software market industry analysis
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 global claims processing software market vendors that include Applied Systems Inc., Central Point Services Ltd., Duck Creek Technologies LLC, EIS Group Inc., Euclid Insurance Services Inc., Fineos Corp. Holdings plc, ForeSoft Corp., HawkSoft Inc., Healthsuite LLC, Hi Tech Health, HIPAAsuite, Hyland Software Inc., Insta Claim, Jenesis Software, Liberty Mutual Insurance Co., Newgen Software Technologies Ltd., Pegasystems Inc., Quick Silver Systems Inc., SpeedySoft USA Inc., Ventiv Technology Inc.. Also, the global claims processing software 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 publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by 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 primary and secondary research. 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.
Table of Contents
1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market by Geography
- Executive Summary - Chart on Market Segmentation by Component
- Executive Summary - Chart on Market Segmentation by Deployment
- Executive Summary - Chart on Market Segmentation by Industry Application
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
- 2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- 2.2 Criticality of inputs and Factors of differentiation
- 2.3 Factors of disruption
- 2.4 Impact of drivers and challenges
3 Market Landscape
- 3.1 Market ecosystem
- 3.2 Market characteristics
- 3.3 Value chain analysis
4 Market Sizing
- 4.1 Market definition
- 4.2 Market segment analysis
- Market segments
- 4.3 Market size 2024
- 4.4 Market outlook: Forecast for 2024-2029
5 Historic Market Size
- 5.1 Global Claims Processing Software Market 2019 - 2023
- Historic Market Size - Data Table on Global Claims Processing Software Market 2019 - 2023 ($ million)
- 5.2 Component segment analysis 2019 - 2023
- Historic Market Size - Component Segment 2019 - 2023 ($ million)
- 5.3 Deployment segment analysis 2019 - 2023
- Historic Market Size - Deployment Segment 2019 - 2023 ($ million)
- 5.4 Industry Application segment analysis 2019 - 2023
- Historic Market Size - Industry Application Segment 2019 - 2023 ($ million)
- 5.5 Geography segment analysis 2019 - 2023
- Historic Market Size - Geography Segment 2019 - 2023 ($ million)
- 5.6 Country segment analysis 2019 - 2023
- Historic Market Size - Country Segment 2019 - 2023 ($ million)
6 Qualitative Analysis
- 6.1 The AI impact on Global Claims Processing Software Market
7 Five Forces Analysis
- 7.1 Five forces summary
- Five forces analysis - Comparison between 2024 and 2029
- 7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2024 and 2029
- 7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2024 and 2029
- 7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2024 and 2029
- 7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2024 and 2029
- 7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2024 and 2029
- 7.7 Market condition
8 Market Segmentation by Component
- 8.1 Market segments
- 8.2 Comparison by Component
- 8.3 Software - Market size and forecast 2024-2029
- 8.4 Services - Market size and forecast 2024-2029
- 8.5 Market opportunity by Component
- Market opportunity by Component ($ million)
9 Market Segmentation by Deployment
- 9.1 Market segments
- 9.2 Comparison by Deployment
- 9.3 Cloud-based - Market size and forecast 2024-2029
- 9.4 On-premises - Market size and forecast 2024-2029
- 9.5 Market opportunity by Deployment
- Market opportunity by Deployment ($ million)
10 Market Segmentation by Industry Application
- 10.1 Market segments
- 10.2 Comparison by Industry Application
- 10.3 BFSI - Market size and forecast 2024-2029
- 10.4 Healthcare - Market size and forecast 2024-2029
- 10.5 IT and telecommunications - Market size and forecast 2024-2029
- 10.6 Retail and E-commerce - Market size and forecast 2024-2029
- 10.7 Others - Market size and forecast 2024-2029
- 10.8 Market opportunity by Industry Application
- Market opportunity by Industry Application ($ million)
11 Customer Landscape
- 11.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
12 Geographic Landscape
- 12.1 Geographic segmentation
- 12.2 Geographic comparison
- 12.3 North America - Market size and forecast 2024-2029
- 12.3.1 US - Market size and forecast 2024-2029
- 12.3.2 Canada - Market size and forecast 2024-2029
- 12.3.3 Mexico - Market size and forecast 2024-2029
- 12.4 Europe - Market size and forecast 2024-2029
- 12.4.1 Germany - Market size and forecast 2024-2029
- 12.4.2 UK - Market size and forecast 2024-2029
- 12.4.3 France - Market size and forecast 2024-2029
- 12.4.4 Italy - Market size and forecast 2024-2029
- 12.4.5 The Netherlands - Market size and forecast 2024-2029
- 12.4.6 Spain - Market size and forecast 2024-2029
- 12.5 APAC - Market size and forecast 2024-2029
- 12.5.1 China - Market size and forecast 2024-2029
- 12.5.2 Japan - Market size and forecast 2024-2029
- 12.5.3 India - Market size and forecast 2024-2029
- 12.5.4 South Korea - Market size and forecast 2024-2029
- 12.5.5 Australia - Market size and forecast 2024-2029
- 12.5.6 Indonesia - Market size and forecast 2024-2029
- 12.6 South America - Market size and forecast 2024-2029
- 12.6.1 Brazil - Market size and forecast 2024-2029
- 12.6.2 Argentina - Market size and forecast 2024-2029
- 12.6.3 Colombia - Market size and forecast 2024-2029
- 12.7 Middle East and Africa - Market size and forecast 2024-2029
- 12.7.1 Saudi Arabia - Market size and forecast 2024-2029
- 12.7.2 UAE - Market size and forecast 2024-2029
- 12.7.3 South Africa - Market size and forecast 2024-2029
- 12.7.4 Israel - Market size and forecast 2024-2029
- 12.7.5 Turkey - Market size and forecast 2024-2029
- 12.8 Market opportunity by geography
- Market opportunity by geography ($ million)
- Data Tables on Market opportunity by geography ($ million)
13 Drivers, Challenges, and Opportunity
- 13.1 Market drivers
- Increasing government regulations on mandatory insurance coverage in developing countries
- Increasing adoption of insurance claims processing software in developing countries
- Rising prevalence of fatal diseases
- 13.2 Market challenges
- Security threat
- Need for high CAPEX and complexities associated with integration
- Availability of open-source software
- 13.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
- 13.4 Market opportunities
- Rapid growth of cyber insurance sector
- Investor collaboration with insurtech firms
- Launch of new software services
14 Competitive Landscape
- 14.1 Overview
- 14.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 14.3 Landscape disruption
- Overview on factors of disruption
- 14.4 Industry risks
- Impact of key risks on business
15 Competitive Analysis
- 15.1 Companies profiled
- Companies covered
- 15.2 Company ranking index
- Company ranking index
- 15.3 Market positioning of companies
- Matrix on companies position and classification
- 15.4 Applied Systems Inc.
- Applied Systems Inc. - Overview
- Applied Systems Inc. - Product / Service
- Applied Systems Inc. - Key offerings
- SWOT
- 15.5 Central Point Services Ltd.
- Central Point Services Ltd. - Overview
- Central Point Services Ltd. - Product / Service
- Central Point Services Ltd. - Key offerings
- SWOT
- 15.6 Duck Creek Technologies LLC
- Duck Creek Technologies LLC - Overview
- Duck Creek Technologies LLC - Product / Service
- Duck Creek Technologies LLC - Key offerings
- SWOT
- 15.7 EIS Group Inc.
- EIS Group Inc. - Overview
- EIS Group Inc. - Product / Service
- EIS Group Inc. - Key offerings
- SWOT
- 15.8 Fineos Corp. Holdings plc
- Fineos Corp. Holdings plc - Overview
- Fineos Corp. Holdings plc - Product / Service
- Fineos Corp. Holdings plc - Key offerings
- SWOT
- 15.9 HawkSoft Inc.
- HawkSoft Inc. - Overview
- HawkSoft Inc. - Product / Service
- HawkSoft Inc. - Key offerings
- SWOT
- 15.10 Healthsuite LLC
- Healthsuite LLC - Overview
- Healthsuite LLC - Product / Service
- Healthsuite LLC - Key offerings
- SWOT
- 15.11 Hi Tech Health
- Hi Tech Health - Overview
- Hi Tech Health - Product / Service
- Hi Tech Health - Key offerings
- SWOT
- 15.12 HIPAAsuite
- HIPAAsuite - Overview
- HIPAAsuite - Product / Service
- HIPAAsuite - Key offerings
- SWOT
- 15.13 Hyland Software Inc.
- Hyland Software Inc. - Overview
- Hyland Software Inc. - Product / Service
- Hyland Software Inc. - Key offerings
- SWOT
- 15.14 Insta Claim
- Insta Claim - Overview
- Insta Claim - Product / Service
- Insta Claim - Key offerings
- SWOT
- 15.15 Newgen Software Technologies Ltd.
- Newgen Software Technologies Ltd. - Overview
- Newgen Software Technologies Ltd. - Product / Service
- Newgen Software Technologies Ltd. - Key news
- Newgen Software Technologies Ltd. - Key offerings
- SWOT
- 15.16 Pegasystems Inc.
- Pegasystems Inc. - Overview
- Pegasystems Inc. - Product / Service
- Pegasystems Inc. - Key offerings
- SWOT
- 15.17 Quick Silver Systems Inc.
- Quick Silver Systems Inc. - Overview
- Quick Silver Systems Inc. - Product / Service
- Quick Silver Systems Inc. - Key offerings
- SWOT
- 15.18 Ventiv Technology Inc.
- Ventiv Technology Inc. - Overview
- Ventiv Technology Inc. - Product / Service
- Ventiv Technology Inc. - Key offerings
- SWOT
16 Appendix
- 16.1 Scope of the report
- Market definition
- Objectives
- Notes and caveats
- 16.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 16.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 16.4 Research methodology
- Research methodology
- 16.5 Data procurement
- Information sources
- 16.6 Data validation
- Data validation
- 16.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 16.8 Data synthesis
- Data synthesis
- 16.9 360 degree market analysis
- 360 degree market analysis
- 16.10 List of abbreviations
- List of abbreviations
