Quick Summary:
In the highly competitive landscape of the global insurance industry, understanding the performance and prospective growth trends of the Insurance Analytics Market is pivotal. Our recently updated market research report presents an in-depth analysis of this market's growth trajectory, projected to reach $29.7 Billion by 2030.
This report provides invaluable insights into segments such as Tools and Services, set to register impressive growth rates in the next eight years. Furthermore, key geographical markets are meticulously explored, clearly outlining opportunities in the US, China, Japan, Canada, and Germany. Also, you will have exclusive access to a detailed outline of the competitive landscape, highlighting 18 major players in the sector.
This report is an invaluable tool that leverages your understanding of this burgeoning market and helps situate your business strategically for maximum gain.
Global Insurance Analytics Market to Reach $29.7 Billion by 2030
The global market for Insurance Analytics estimated at US$9.8 Billion in the year 2022, is projected to reach a revised size of US$29.7 Billion by 2030, growing at a CAGR of 14.8% over the analysis period 2022-2030. Tools, one of the segments analyzed in the report, is projected to record 14.4% CAGR and reach US$20 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Services segment is readjusted to a revised 15.9% CAGR for the next 8-year period.The U.S. Market is Estimated at $2.9 Billion, While China is Forecast to Grow at 13.8% CAGR
The Insurance Analytics market in the U.S. is estimated at US$2.9 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$5 Billion by the year 2030 trailing a CAGR of 13.8% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 13.6% and 12.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 10.6% CAGR.Select Competitors (Total 18 Featured) -
- Applied Systems Inc.
- Birst, Inc.
- BOARD International
- Bridgei2i Analytics Solutions
- Guidewire Software, Inc.
- Hexaware Technologies Ltd.
- IBM Corporation
- LexisNexis Group Inc.
- Microsoft Corporation
- MicroStrategy, Inc.
- OpenText Corporation
- Oracle Corporation
- Palantir Technologies
- Pegasystems, Inc.
- Prads Inc.
- Qlik Technologies, Inc.
- Salesforce.com, Inc.
- SAP SE
- SAS Institute, Inc.
- Tableau Software, Inc.
- TIBCO Software, Inc.
- Verisk Analytics, Inc.
- Vertafore, Inc.
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Insurance Analytics?
What is the growth rate of the Global Market for Insurance Analytics?
What is the forecasted size of the Global Market for Insurance Analytics?
Who are the key companies in the Global Market for Insurance Analytics?
Report Attribute | Details |
---|---|
No. of Pages | 161 |
Published | December 2023 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 9.8 Billion |
Forecasted Market Value ( USD | $ 29.7 Billion |
Compound Annual Growth Rate | 14.9% |
Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- Applied Systems Inc.
- Birst, Inc.
- BOARD International
- Bridgei2i Analytics Solutions
- Guidewire Software, Inc.
- Hexaware Technologies Ltd.
- IBM Corporation
- LexisNexis Group Inc.
- Microsoft Corporation
- MicroStrategy, Inc.
- OpenText Corporation
- Oracle Corporation
- Palantir Technologies
- Pegasystems, Inc.
- Prads Inc.
- Qlik Technologies, Inc.
- Salesforce.com, Inc.
- SAP SE
- SAS Institute, Inc.
- Tableau Software, Inc.
- TIBCO Software, Inc.
- Verisk Analytics, Inc.
- Vertafore, Inc.