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Digital Insurance Platform Market at a CAGR of 13.7% and Dominated by Top Vendors (TCS, Cognizant, DXC Technology, Infosys, Pegasystems, Appian, Mindtree, Prima Solutions, Fineos, Bolt Solutions)
Global Digital Insurance Platform Market
Data Bridge Market Research Adds “Global Digital Insurance Platform Market – Industry Trends and Forecast to 2025” new report to its research database. The report spread No of Pages: 350 No of Figures: 60 No of Tables: 220 in it.
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Global Digital Insurance Platform Market is expected to reach USD 193.24 billion by 2025, from USD 78.47 billion in 2017 growing at a CAGR of 13.7% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Market Drivers:
• Growing adoption of IOT products
• Shift of insurers’ focus from product-based to customer-centric strategies
• Increased awareness among insurers about digital channels.
• Increased awareness among insurers to access a broader segment of the market
Key Market Competitors: Global Digital Insurance Platform Market
The key players operating in the global digital insurance platform market are –
• IBM
• Microsoft
• Accenture
• Oracle
• SAP
• TCS,
• Cognizant,
• DXC Technology,
• Infosys,
• Pegasystems,
• Appian,
• Mindtree,
• Prima Solutions,
• Fineos,
• Bolt Solutions,
• Majesco,
• EIS Group,
• Cogitate,
• Inzura,
• Duck Creek Technologies,
• Vertafore,
• Internet Pipeline,
• Ebaotech,
• Stoneriver,
• RGI and many more.
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Competitive Landscape: Global Digital Insurance Platform Market
The global digital insurance platform market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of digital insurance platform market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Segmentation: Global Digital Insurance Platform Market
By Component
• Tools
• Services
By Service
• Managed Services
• Professional Services
By Professional Service
• Consulting
• Implementation
• Support and Maintenance
• By End-User
• Insurance Companies
• Third-Party Administrators and Brokers
• Aggregators
By Insurance Application
• Automotive and Transportation
• Home and Commercial Buildings
• Life and Health
• Business and Enterprise
• Consumer Electronics
• Industrial Machines
• Travel
By Deployment Type
• On-Premises
• Cloud
By Organization Size
• Large Enterprises
• Small and Medium-Sized Enterprises
By Geography
• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa
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