According to the new research report published by Precedence Research, titled “Insurtech Market (By Services: Consulting, Support & Maintenance, Managed Services; By Deployment Model: On-premise, Cloud; By Type: Auto, Business, Health, Home, Specialty, Travel, Others; By Technology: Blockchain, Cloud Computing, IoT, Machine Learning, Robo Advisory, Others; By Application; By End User) – Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2022-2030”, the global insurtech market size is expected to be worth around US$ 12.6billion by 2030 and is poised to record a yearly growth rate of 37.54% from 2022 to 2030. The study investigates several elements and their consequences on the growth of the all-wheel drive market .This report focuses on insurtech market volume and value at the global level, regional level and company level. From a global perspective, this report represents the overall insurtech market size by analyzing historical data and future prospects. Regionally, this report focuses on several key regions: North America, Europe, the Middle East & Africa, Latin America, etc. The research report includes specific segments by region (country), by company, by all segments. This study provides information about the growth and revenue during the historic and forecasted period of 2017 to 2030. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
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The study also provides important advancements in organic and inorganic growth strategies in the worldwide insurtech market. A lot of corporations are prioritizing new launches, product approvals, and other business expansion techniques. In addition, the report offers profiles of insurtech market firms and market strategies. Furthermore, the research focuses on top industry participants, providing information such as company profiles, components and services offered, recent financial data, and key developments.
Market Scope
| Report Coverage | Details |
| Market Size in 2022 | USD 13.48 Billion |
| Market Size by 2030 | USD 172.6 Billion |
| Growth Rate from 2022 to 2030 | CAGR of 37.54% |
| Base Year | 2021 |
| Forecast Period | 2022 to 2030 |
| Segments Covered | Services, Deployment Model, Type, Technology, Application, End Use, and Geography |
Market Key Players
Company profiles have been included in the report, which include essentials such as product portfolio, key strategies, along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting market status and predicting the competition level in the insurtech market.
Some of the prominent players in the insurtech market include:
- Damco Group
- DXC Technology Company
- Insurance Technology Services
- Majesco
- Oscar Insurance
- Quantemplate
- Shift Technology
- TrÅv, Inc.
- Wipro Limited
- ZhongAn Insurance
Market Segmentations
By Services
- Consulting
- Support & Maintenance
- Managed Services
By Deployment Model
- On-premise
- Cloud
By Type
- Auto
- Business
- Health
- Home
- Specialty
- Travel
- Others
By Technology
- Blockchain
- Cloud Computing
- IoT
- Machine Learning
- Robo Advisory
- Others
By Application
- Product Development & Underwriting
- Sales & Marketing
- Policy Admin Collection & Disbursement
- Claims Management
By End User
- Automotive
- BFSI
- Government
- Healthcare
- Manufacturing
- Retail
- Transportation
- Others
By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa (MEA)
Report Objectives
- To define, segment, and project the global market size for insurtech market
- To understand the structure of the market by identifying its various sub-segments
- To provide detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
- To analyze the micro-markets, with respect to individual growth trends, future prospects, and their contributions to the total market
- To project the size of the market and its submarkets, in terms of value, with respect to global. (along with their respective key countries)
- To profile key players and comprehensively analyze their core competencies
- To understand the competitive landscape and identify major growth strategies adopted by players across the globe.
- To analyze the competitive developments such as expansions & investments, new product launches, mergers & acquisitions, joint ventures, and agreements
Why should you invest in this report?
If you are aiming to enter the global insurtech market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for insurtech are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2022-2030 so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
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