TMCnet News

Global Insurance Analytics Market (2020 to 2027) - by Component, Business Application, Deployment, Organization Size, End-user, and Geography -
[February 18, 2021]

Global Insurance Analytics Market (2020 to 2027) - by Component, Business Application, Deployment, Organization Size, End-user, and Geography -

The "Insurance Analytics Market by Component, Business Application, Deployment, Organization Size, End-User, and Geography - Global Forecast to 2027" report has been added to's offering.

The insurance analytics market is expected to reach $18.5 billion by 2027, growing at a CAGR of 12.2% during the forecast period of 2020 to 2027.

The research report provides in-depth analysis of the insurance analytics market in five major geographies and emphasizes on the current market trends, market size, market share, recent developments, and forecast till 2027.

The growth of this market is mainly driven by growing digitalization in the insurance industry and the rising adoption of advanced analytics and data-driven decision-making techniques. In addition, the increasing adoption of IoT technology in the insurance industry and the growing acceptance of insurance analytics among small and medium-sized enterprises are expected to create tremendous opportunities for the growth of the insurance analytics market during the forecast period.

The study offers a comprehensive analysis of the insurance analytics market with respect to component, deployment type, application, organization size, end user, and geography. The insurance analytics market is segmented based on component (solutions and services), application (claims management, pricing & risk management, customer management & personalization, process optimization, and others), deployment (cloud-based and on-premise), organization size (small and medium-sized enterprises and large enterprises), end user (insurance companies, government agencies, third-party administrators, brokers, and consultancies), and region. The study also evaluates industry competitors and analyses the market at a country level.

Company Profiles

  • MicroStrategy Incorporated
  • Tibco Software Inc.
  • SAS Institute, Inc.
  • IBM Corporation
  • Microsoft (News - Alert) Corporation
  • SAP SE
  • Oracle Corporation
  • Tableau Software LLC
  • OpenText Corporation
  • Pegasystems (News - Alert), Inc.
  • Verisk Analytics, Inc.
  • Hexaware Technologies Limited
  • Salesforce.Com, Inc.
  • Palantir Technologies
  • Sapiens International Corporation
  • Guidewire Software, Inc.
  • LexisNexis (News - Alert) Risk Solutions
  • Vertafore, Inc.

Key questions answered in the report:

  • Which are the high growth market segments in terms of the component, deployment type, application, end user, and countries?
  • What is the historical market for insurance analytics across the globe?
  • What are the market forecasts and estimates for 2019-2027?
  • Who are the major players in various countries, and what share of the market do they hold?
  • What are the recent developments in the insurance analytics market?
  • What are the different strategies adopted by the major players in the insurance analytics market?
  • What are the geographical trends and high growth countries?
  • Who are the local emerging players in the insurance analytics market, and how do they compete with the other players?

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Market Insights

4.1. Introduction

4.2. Drivers

4.2.1. Rising Adoption of Advanced Analytics and Data-Driven Decision-Making Techniques

4.2.2. Growing Digitalization in the Insurance Industry

4.3. Restraints

4.3.1. Lack of Skilled Workforce

4.4. Opportunities

4.4.1. Adoption of Insurance Analytics Solutions and Services among SMEs

4.4.2. Increasing Adoption of IoT Insurance

4.5. Challenges

4.5.1. Data Privacy & Security Concerns

4.6. Trends

4.6.1. Adoption of New Models for Creating Personalized Insurance Products

4.6.2. Telematics Insurance

4.7. Impact of Covid-19 on the Insurance Analytics Market

5 Insurance Analytics Market, by Component

5.1. Introduction

5.2. Solutions

5.3. Services

5.3.1. Managed Services

5.3.2. Professional Services Deployment & Integration Services Support & Maintenance Consulting Services

6 Insurance Analytics Market, by Application

6.1. Introduction

6.2. Pricing and Risk Management

6.3. Claims Management

6.4. Process Optimization

6.5. Customer Management and Personalization

6.6. Other Applications

7 Insurance Analytics Market, by Deployment Type

7.1. Introduction

7.2. Cloud

7.3. On-Premise

8 Insurance Analytics Market, by Organization Size

8.1. Introduction

8.2. Large Enterprises

8.3. Small and Medium-Sized Enterprises (SMEs)

9 Insurance Analytics Market, by End User

9.1. Introduction

9.2. Insurance Companies

9.3. Government Agencies

9.4. Third-Party Administrators, Brokers, and Consultancies

10 Insurance Analytics Market, by Geography

10.1. Introduction

10.2. North America

10.3. Europe

10.4. Asia-Pacific

10.5. Latin America

10.6. Middle East & Africa

11 Competitive Landscape

11.1. Introduction

11.2. Key Growth Strategies

11.3. Competitive Benchmarking

11.4. Market Share Analysis (2019)

12 Company Profiles

13 Appendix

For more information about this report visit

[ Back To's Homepage ]