Digital Insurance Platform Global Market Report 2022: Internet Penetration & Usage Patterns Encourage Adoption of Digital Insurance Model

Dublin, Oct. 13, 2022 (GLOBE NEWSWIRE) — The “Digital Insurance Platform – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.

Global Digital Insurance Platform Market to Reach $186.4 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Digital Insurance Platform estimated at US$102.2 Billion in the year 2020, is projected to reach a revised size of US$186.4 Billion by 2027, growing at a CAGR of 9% over the period 2020-2027. Services, one of the segments analyzed in the report, is projected to record 9.3% CAGR and reach US$132.7 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Tools segment is readjusted to a revised 8.1% CAGR for the next 7-year period.

The U.S. Market is Estimated at $32.4 Billion, While China is Forecast to Grow at 11.4% CAGR

The Digital Insurance Platform market in the U.S. is estimated at US$32.4 Billion in the year 2020. China, the world’s second largest economy, is forecast to reach a projected market size of US$23.6 Billion by the year 2027 trailing a CAGR of 11.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.5% and 7.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 8.5% CAGR.

Select Competitors (Total 125 Featured) –

• Accenture plc
• Appian Corporation
• Cognizant Technology Solutions Corporation
• Duck Creek Technologies
• DXC Technology Company
• EIS Group Inc.
• IBM Corporation
• Infosys Limited
• Majesco
• Microsoft Corporation
• Mindtree Ltd.
• Oracle Corporation
• Pegasystems Inc.
• Prima Solutions SA
• SAP SE
• Tata Consultancy Services Limited

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• Insurance Sector & Technological Sophistication: The Evolution over Years
• Prioritizing Digital Engagement: Adapting to a New Normal
• Intervention of Advanced Technology & Digital Platforms to Reshape Insurance Sector
• Rising Adoption of Digital Engagement Technologies in Insurance Augurs Well
• Chatbots Emerge as Prominent Elements in Digital Insurance Model
• Internet Penetration & Usage Patterns Encourage Adoption of Digital Insurance Model
• Growing Lenience towards Digital Lifestyles Widens Prospects
• Northbound Trajectory in eCommerce & mCommerce Enthuses the Digital Insurance Marketplace
• Growing Emphasis on Customer Self-Service & On-Demand Economy to Aid Wider Uptake
• Cybersecurity & Fraud Prevention Assurances: Need of the Hour
• Growing Focus on Eco-Friendly & Paper-Less Business Processes to Benefit the Market
• AI & ML to Rev Up the Relevance of Digital Insurance Model
• Digital Insurance Model to Gain Impetus from Blockchain Technology
• FinTech & Big Data Trends Encourage Market Expansion
• Issues & Challenges

4. GLOBAL MARKET PERSPECTIVE

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/bd6d3g

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