—
According to the report published by Allied Market Research, titled, "Insurance Analytics Market By Component (Solution and Service), Deployment Type (On-Premises and Cloud), Enterprise Size (Large Enterprises and Small & Medium Enterprises (SMEs)), Application (Claims Management, Risk Management, Customer Management, Sales & Marketing, and Others), End User (Insurance Companies, Government Agencies, and Third-party Administrators, Brokers & Consultancies): Global Opportunity Analysis and Industry Forecast, 2020–2027," the global insurance analytics market was pegged at $7.91 billion in 2019 and is anticipated to garner $22.45 billion by 2027 manifesting a CAGR of 14.2% from 2020 to 2027. The report offers an in-depth analysis of the key investment pockets, market player positioning, drivers & opportunities, and business performances of major players.The growth in adoption of advanced technologies and surge in competition among the insurance sector drive the growth of the global insurance analytics market. The outbreak of covid-19 has positively impacted the growth of the global insurance analytics market, owing to increase in utilization and adoption of advanced technologies to provide digitalized services globally. Moreover, the global market across the North American region has dominated the market in 2019, and would maintain its dominance by 2027.
Get Instant Access – Download Free Sample Report: https://www.alliedmarketresearch.com/request-sample/7967
Major Players are: Applied Systems, IBM Corp., Microsoft, Open Text Corporation, Oracle, Pegasystems Inc., salesforce.com inc., SAP SE, SAS Institute Inc., and Vertafore, Inc.
Key Benefits For Stakeholders
The study provides in-depth global insurance analytics market analysis along with current & future trends to illustrate imminent investment pockets.
Information about key drivers, restrains, and opportunities and their impact analysis on the market size are provided in the report.
Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the insurance analytics industry.
An extensive analysis of the key segments of the industry helps to understand the global insurance analytics market trends.
The quantitative analysis of the global insurance analytics market share from 2020 to 2027 is provided to determine the market potential.
Enquire For More: https://www.alliedmarketresearch.com/purchase-enquiry/7967
The global insurance analytics market is segmented based on component, deployment type, enterprise size, application, end user, and region.
Based on component, the solution segment held the highest market share with around two-thirds of the market share in 2019 and is expected to maintain its dominant share throughout 2027. However, the service segment is expected to portray the fastest CAGR of 15.5% during the forecast period.
By region, the market is report analyzed across North America, Europe, Asia-Pacific, and LAMEA. The North American region has dominated the market in 2019, with more than two-fifths of the total market revenue share, and is expected to rule the roost throughout the forecast period. On the other hand, the market across Asia-Pacific is anticipated to portray the fastest CAGR of 15.9% from 2020 to 2027.
Based on application, the risk management segment held the major share in 2019, with nearly two-fifths of the total market share. However, the sales and marketing segment is expected to register the fastest CAGR of 17.3% during the forecast period.
Get detailed COVID-19 impact analysis on the Insurance Analytics Market: https://www.alliedmarketresearch.com/request-for-customization/7967?reqfor=covid
Contact Info:
Name: David Correa
Email: Send Email
Organization: Allied Market Research
Address: 5933 NE Win Sivers Drive, #205, Portland, OR 97220, United States, USA/Canada (Toll Free):, +1-800-792-5285, +1-503-894-6022,
Phone: 5034461141
Website: https://www.alliedmarketresearch.com/
Release ID: 89031746
Google
RSS