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 and small and medium-sized business (SMEs).Geographically, the global 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 marketing 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 include Insurance 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.
Research Methodology
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. The 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 the analyst to derive the closest possible figures without any major deviations in the actual number. The analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of the reports.
Secondary Sources Include:
Market Segmentation:
The Report Covers:
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 and small and medium-sized business (SMEs).Geographically, the global 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 marketing 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 include Insurance 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.
Research Methodology
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. The 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 the analyst to derive the closest possible figures without any major deviations in the actual number. The analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of the reports.
Secondary Sources Include:
- Reports of companies involved in the market
- Authentic Public Databases
- Whitepapers such as research papers and news blogs
- Company websites and their product catalog
Market Segmentation:
- Global Insurance CRM Software Market Research and Analysis by Type
- Global Insurance CRM Software Market Research and Analysis by End-User
The Report Covers:
- Comprehensive research methodology of the global insurance CRM software market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Insights about market determinants which are stimulating the global insurance CRM software market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
Table of Contents
1. Report Summary
2. Market Overview and Insights
3. Competitive Landscape
4. Market Determinants
5. Market Segmentation
6. Regional Analysis
7. Company Profiles
Companies Mentioned
A selection of companies mentioned in this report includes:
- Agency Computer Systems, Inc.
- AgencyBloc Inc.
- AllClients, LLC
- Applied Systems, Inc.
- Buckhill, Ltd.
- EZLynx
- Hawksoft, Inc.
- Insurance Systems, Inc.
- Insurance Technologies Corp.
- InsuredHQ, Ltd.
- Jenesis Software
- Sapiens International Corporation N.V.
- Vertafore Inc.
- XDimensional Technologies, Inc.
- Zywave, Inc.
