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RPA in Insurance Market : Top players are Fidel Technologies, Infosys Limited, Vuram, Opteamix, Automation Anywhere, Inc., Aspire Systems, Dynpro, Royal Cyber Inc

03-13-2023 02:39 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Allied Market Research

RPA in Insurance Market : Top players are Fidel Technologies,

According to the report published by Allied Market Research, the global RPA in insurance market was estimated at $98.6 million in 2021 and is expected to hit $1.2 billion by 2031, registering a CAGR of 28.3% from 2022 to 2031. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market.

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The global RPA (Robotic Process Automation) in insurance market is analyzed based on several segments and sub-segments in this report. The market is categorized into Component, Deployment Mode, Enterprise Size, Application, and Region. The report provides an exhaustive analysis of each segment and sub-segment using graphical and tabular representation, which can be beneficial for investors and market players to develop strategies based on the highest revenue-generating and fastest-growing segments.

According to the report, the solution segment held more than two-thirds of the global RPA in insurance market share in 2021, and it is expected to continue leading the market by 2031. On the other hand, the service segment is anticipated to exhibit the fastest Compound Annual Growth Rate (CAGR) of 30.7% during the forecast period.

Based on deployment mode, the on-premise segment generated around three-fifths of the global RPA in insurance market revenue in 2021. The cloud segment, however, is projected to depict the highest CAGR of 31.6% during the forecast period.

In summary, the global RPA in insurance market is expected to witness significant growth in the coming years, with the solution segment contributing the most to market revenue and the service segment displaying the fastest growth rate. Moreover, the cloud deployment mode is projected to experience the highest CAGR during the forecast period.

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Key benefits for stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the RPA in insurance market forecast from 2022 to 2031 to identify the prevailing RPA in insurance market opportunity.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the RPA in insurance market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global RPA in insurance market trends, key players, market segments, application areas, and market growth strategies.

RPA in Insurance Market Report Highlights

Aspects Details
Market Size By 2031 USD 1.2 billion
Growth Rate CAGR of 28.3%
Forecast period 2021 - 2031
Report Pages 418
Component
Solution
Service
Deployment Mode
On-Premise
Cloud
Enterprise Size
Large Enterprise
Small and Medium-sized Enterprises
Application
Claims Processing
Insurance Underwriting
Regulatory Compliance
Finance and Accounts
Others
By Region
North America (U.S., Canada)
Europe (UK, Germany, France, Italy, Spain, Rest of Europe)
Asia-Pacific (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific)
LAMEA (Latin America, Middle East, Africa)
Key Market Players Fidel Technologies, Infosys Limited, Vuram, Opteamix, Automation Anywhere, Inc., Aspire Systems, Dynpro, Royal Cyber Inc., Pegasystems, Inc., UiPath

Connect Analyst : https://www.alliedmarketresearch.com/connect-to-analyst/54024

Related Reports:
RPA and Hyperautomation in Banking Market : https://www.alliedmarketresearch.com/rpa-and-hyperautomation-in-banking-market-A31697

Robotic Process Automation (RPA) in Financial Services Market : https://www.alliedmarketresearch.com/robotic-process-automation-rpa-in-financial-services-market-A06933

Insurtech Market : https://www.alliedmarketresearch.com/insurtech-market-A12373

Takaful Insurance Market : https://www.alliedmarketresearch.com/takaful-insurance-market-A11835

IoT Insurance Market : https://www.alliedmarketresearch.com/iot-insurance-market-A09784

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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