Emergence of SaaS-based Insurance Software Market 2016-2020 Key vendors are Microsoft, Oracle, Salesforce, SAP

The global insurance industry is a potential market for technology providers. The increased expenditure on technology by the insurance sector has moved the focus on productivity and efficiency, and has brought in a wide range of challenges to insurers. The uncertainty in financial markets, changing consumer demands, and digitally savvy new competitors have emerged as new challenges to the insurance companies.

Technavios analysts forecast the global insurance software market to grow at a CAGR of 4.59% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global insurance software market for 2016-2020. To calculate the market size, the report considers the revenue generated by the sales of the insurance software worldwide.

The market is divided into the following segments based on geography:
Americas
APAC
EMEA

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Technavio's report, Global Insurance Software Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Microsoft
Oracle
Salesforce
SAP

Other prominent vendors
Accenture
Acturis
Automated Workflow Private Limited (AWPL)
Buckhill
Computer Professionals Inc. (CPI)
Computer Sciences Corporation (CSC)
Dell
Ebix
EIS Group
Guidewire Software
Hyland Software
Insly
Insurity
Lexmark International
MedinyX
Pegasystems
Sapiens International Corporation
SAS
Solartis
Transactor
Vertafore

Market driver
Increase in client demand and competitive environment.
For a full, detailed list, view our report

Market challenge
Adherence to compliance in insurance industry.
For a full, detailed list, view our report

Market trend
Emergence of SaaS-based insurance software.
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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