Market Research Report
Insurance CRM Software Market 2019-2025
|Published by||Orion Market Research Pvt Ltd||Product code||949572|
Delivery time: 2-3 business days
|Insurance CRM Software Market 2019-2025|
|Published: June 12, 2020||Content info:||
Global Insurance CRM Software Market Size, Share & Trends Analysis Report, by Type (Cloud-Based and On-Premises), by End-User (Large Enterprise, Medium-sized Business, and Small and Medium Sized Enterprises (SMEs)) and Forecast 2019-2025
The global insurance CRM software market is estimated to grow at a significant CAGR during the forecast period. The increasing demand for smart and automated technologies in the insurance sector is driving the global insurance CRM software market. Insurance CRM software helps in integrating all the systems of insurance work under one umbrella, Insurance CRM software integrates the agent data, client data, finance data, and other systems data. Increasing cyber threats and data breaching is one of the major restraining factors that is drowning the growth of the global insurance CRM software market. According to a recent study of the University of San Diego damage related to cybercrime projected to hit $6 trillion annually by 2021. Complications during data integration in the cloud system are also driving the growth of the global insurance CRM software market.
The global insurance CRM software market is segmented based on the type and end-user. Based on the type, the market is segmented into cloud-based and on-premises time series analysis software. Based on the end-user, the market is segmented into large enterprises andsmall and medium-sized business (SMEs).Geographically, theglobal insurance CRM software market is segmented based on the region including North America, Europe, Asia-Pacific, and the Rest of the world (RoW).The global insurance CRM software marketin North America is anticipated to have a major share among all the regions followed by Asia-Pacific.
The major players that are providing insurance CRM software includeInsurance Systems Inc., InsuredHQ, Ltd., Buckhill Ltd, AgencyBloc Inc., Insurance Technologies Corp.,AllClients, LLC, Jenesis Software, Vertafore Inc., and others.The strategies adopted by the market players include joint venture and product launches, to increase their competitiveness across a global scale.For instance, in January 2018, AgencyBloc Inc. acquired GBS Inc, GBS Inc is China-based IT company. AgencyBloc acquires it to expand its insurance CRM software business in China.
The market study of the global insurance CRM software market is incorporated by extensive primary and secondary research conducted by a research team. Secondary research has been conducted to refine the available data to break down the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.
Secondary Sources Include:
The report is intended for insurance CRM softwareprovidersfor overall market analysis and competitive analysis. The report provides an in-depth analysis of the market size and will serve as a source for 360-degree analysis of the market.
The Report Covers: