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The insurance software market is forecasted to grow by USD 7.53 billion during 2023-2028, accelerating at a CAGR of 7.81% during the forecast period. The report 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.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, uncertain catastrophic events leading to increased need for insurance, and increasing adoption of insurance in developing countries.
The insurance software market is segmented as below:
By Deployment
- On-premises
- Cloud-based
By Type
- Life insurance
- Accident and health insurance
- Property and casualty insurance
- Others
By Geography
- North America
- APAC
- Europe
- Middle East and Africa
- South America
The report on the insurance software market covers the following areas:
- Insurance software market sizing
- Insurance software market forecast
- Insurance 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 research - both primary and secondary. 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 the 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 Deployment
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global insurance software market: Accenture Plc, Acturis Group, Applied Systems Inc., Aptitude Software Group Plc, Axxis Systems SA, Dell Technologies Inc., Ebix Inc., Enlyte, Guidewire Software Inc., Hyland Software Inc., International Business Machines Corp., Jenesis Software, Microsoft Corp., Nest Innovative Solutions Pvt. Ltd., Oracle Corp., Rocket Software Inc., Roper Technologies Inc., Salesforce Inc., SAP SE, SAPIENS INTERNATIONAL CORP. N.V, and Solartis LLC.Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is integration of wearables into customer engagement metrics for life insurance."
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:
- Accenture Plc
- Acturis Group
- Applied Systems Inc.
- Aptitude Software Group Plc
- Axxis Systems SA
- Dell Technologies Inc.
- Ebix Inc.
- Enlyte
- Guidewire Software Inc.
- Hyland Software Inc.
- International Business Machines Corp.
- Jenesis Software
- Microsoft Corp.
- Nest Innovative Solutions Pvt. Ltd.
- Oracle Corp.
- Rocket Software Inc.
- Roper Technologies Inc.
- Salesforce Inc.
- SAP SE
- SAPIENS INTERNATIONAL CORP. N.V
- Solartis LLC
