Market Research Report
Global Insurance Software Market 2020-2024
|Published by||TechNavio (Infiniti Research Ltd.)||Product code||950757|
|Published||Content info||120 Pages
Delivery time: 1-2 business days
|Global Insurance Software Market 2020-2024|
|Published: July 17, 2020||Content info: 120 Pages||
Technavio has been monitoring the insurance software market and it is poised to grow by $ 5.19 bn during 2020-2024 progressing at a CAGR of 7% during the forecast period. Our reports on the insurance 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 global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the increasing adoption of insurance in developing countries, uncertain catastrophic events leading to need for insurance and government regulations on mandatory insurance coverages in developing countries.
The insurance software market analysis includes deployment segment and geographic landscape.
Technavio's ‘insurance software market ’ is segmented as below:
By Geographic Landscape:
This study identifies the rapid growth of the cyber insurance market as one of the prime reasons driving the insurance software market growth during the next few years. Also, investors collaborating with InsurTech firms and integration of wearables into customer engagement metrics for the life insurance market will lead to sizable demand in the market.
Technavio 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. Our insurance software market covers the following areas:
Technavio's ‘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 software market vendors that include Accenture Plc, Applied Systems Inc., Axxis Systems SA, Dell Technologies Inc., Guidewire Software Inc., International Business Machines Corp., Microsoft Corp., Oracle Corp., Salesforce.com Inc., and SAP SE. Also, the insurance software market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on 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 in addition to an analysis of the key vendors.
Technavio 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 research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.