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The claims processing software market is forecasted to grow by USD 22.8 billion during 2023-2028, accelerating at a CAGR of 8.2% during the forecast period. The report on the 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.Speak directly to the analyst to clarify any post sales queries you may have.
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, and rising prevalence of fatal diseases.
The claims processing software market is segmented as below:
By Component
- Software
- Services
By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
The report on the claims processing software market covers the following areas:
- Claims Processing Software Market sizing
- Claims Processing Software Market forecast
- Claims Processing Software Market industry analysis
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.
The report 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
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Component
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global claims processing software market: 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., and Ventiv Technology Inc..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is rapid growth of cyber insurance market."
According to the report, one of the major drivers for this market is the increasing government regulations on mandatory insurance coverage in developing countries.
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 a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 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.
