The market size of global digital insurance platform has been estimated at US$52.98 billion in 2021 and is expected to reach US$59.37 billion in 2022 and is forecast to grow to US$106 at a CAGR of 12.31% will grow.
NEW YORK, Oct. 27, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report, “Digital Insurance Platform Market Research Report by Component, Organization Size, Deployment Type, End-user, Insurance Application, Region – Global Forecast.” known through 2027 – Cumulative Impact of COVID-19” – https://www.reportlinker.com/p06338031/?utm_source=GNW
36 billion by 2027.
Market Statistics:
The report provides market sizes and forecasts for 7 major currencies – USD, EUR, JPY, GBP, AUD, CAD and CHF. It helps organization leaders make better decisions when currency conversion data is readily available. In this report, the years 2018 and 2020 are considered as the historical years, 2021 as the base year, 2022 as the estimated year, and years from 2023 to 2027 as the forecast period.
Market Segmentation and Coverage:
This research report categorizes the Digital Insurance Platform to forecast the revenue and analyze the trends in each of the following submarkets:
Based on components, the market for services and tools was examined. The services are further explored in Managed Services and Professional Services. The professional services are further explored in the areas of consulting, implementation and support and maintenance.
Based on the organization size, the market for large companies and small and medium-sized enterprises (SMEs) was examined.
Based on the deployment type, the cloud and on-premises market has been studied.
Based on end-user, the market has been studied across aggregators, insurance companies, and third-party admins and brokers.
Based on the insurance application, the market has been studied in Automotive & Transportation, Business & Corporate, Consumer Electronics & Industrial Machinery, Residential & Commercial, Life & Health, and Travel.
Based on region, the Americas, Asia-Pacific, and Europe, Middle East & Africa market has been studied. America is further studied in Argentina, Brazil, Canada, Mexico and the United States. The United States is further explored in California, Florida, Illinois, New York, Ohio, Pennsylvania and Texas. Asia-Pacific is further explored in Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand and Vietnam. Europe, Middle East and Africa will be in Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland and Turkey further studied , United Arab Emirates and United Kingdom.
Cumulative Impact of COVID-19:
COVID-19 is an unparalleled global public health emergency that has affected almost every industry and the long-term impact is expected to impact the industry growth over the forecast period. Our ongoing research is expanding our research framework to ensure underlying COVID-19 issues and potential avenues for the future are included. The report provides insights into COVID-19 considering the changes in consumer behavior and demand, buying patterns, supply chain diversion, dynamics of current market forces and significant government interventions. The updated study provides insights, analysis, estimates and forecasts considering the impact of COVID-19 on the market.
Cumulative Impact of the 2022 Russia-Ukraine Conflict:
We continuously monitor and update reports of political and economic uncertainties due to the Russian invasion of Ukraine. Negative impacts are clearly foreseen worldwide, particularly in Eastern Europe, the European Union, East and Central Asia and the United States. This dispute has severely impacted lives and livelihoods and poses wide-ranging disruptions in trade dynamics. The potential impact of the ongoing war and uncertainty in Eastern Europe is expected to have a negative impact on the global economy, with a particularly long-term harsh impact on Russia. This report uncovers the impact of demand and supply, pricing variations and the strategic inclusion of vendors and recommendations for the digital insurance platform market considering the current update of the conflict and its global response.
Competitive strategic window:
The Competitive Strategic Window analyzes the competitive landscape in terms of markets, applications and regions to help the vendor define an alignment or match between its capabilities and opportunities for future growth prospects. It describes the optimal or favorable suitability for vendors to adopt sequential merger and acquisition strategies, geographic expansion, research and development, and new product launch strategies to conduct further business expansion and growth during a forecast period.
FPNV positioning matrix:
The FPNV Positioning Matrix evaluates and categorizes the vendors in the digital insurance platform market based on business strategy (business growth, industry coverage, financial viability, and channel support) and product satisfaction (value for money, ease of use, product features, and customers). support) that helps companies make better decisions and understand the competitive landscape.
Market share analysis:
Market share analysis offers the analysis of vendors considering their contribution to the overall market. It conveys the idea of its revenue generation compared to other providers in this space in the overall market. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing the market share provides an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance and merger characteristics.
Competition scenario:
The competitive scenario provides an outlook analysis of the vendors’ various business growth strategies. The news covered in this section provides valuable thoughts on the various stages while also keeping current with the business and engaging stakeholders in the economic debate. The competitive scenario represents press releases or news from the companies categorized into Mergers & Acquisitions, Agreements, Collaboration & Partnership, New Product Launch & Improvement, Investment & Funding, and Award, Recognition & Expansion. All the collected news helps the provider to understand the gaps in the market and the strengths and weaknesses of the competitors, providing insights to improve the product and service.
Company Usability Profiles:
The report examines in depth the recent significant developments of the leading vendors and innovation profiles in the global digital insurance platform market including Accenture plc, Acko General Insurance, Cogitate Technology Solutions, Coherent, Inc., Comarch SA, EIS Software Limited, Fineos, Infosys Limited, iPipeline, Inc., Mindtree Ltd, Policybazaar Insurance Brokers Private Limited, Prima Solutions SA, RGI Group, SAP SE, Shift Technology, StoneRiver, Inc., Tata Consultancy Services Limited, Vertafore, Inc. and Wipro Limited.
The report provides insights into the following indications:
1. Market Penetration: Provides comprehensive information about the market offered by the major players
2. Market Development: Provides detailed information on lucrative emerging markets and analyzes the penetration of mature market segments
3. Market Diversification: Provides detailed information on new product launches, untapped regions, current developments and investments
4. Competitive Assessment and Intelligence: Provides a comprehensive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of leading players
5. Product Development & Innovation: Provides intelligent insights into future technologies, R&D activities and breakthrough product developments
The report answers questions like:
1. What is the market size and forecast of the global digital insurance platform market?
2. What are the restraining factors and impact of COVID-19 shaping the global digital insurance platform market during the forecast period?
3. What are the products/segments/applications/areas of the global digital insurance platform market to invest in during the forecast period?
What Is The Competitive Strategic Window For Opportunities In The Global Digital Insurance Platforms Market?
5. What are the technology trends and regulatory framework in the global digital insurance platform market?
6. What is the market share of the leading vendors in the global digital insurance platform market?
7. What modes and strategic moves are considered suitable for entering the global digital insurance platform market?
Read the full report: https://www.reportlinker.com/p06338031/?utm_source=GNW
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