Insurtech Market by Offering (Service, Solution), Technology (Artificial Intelligence, Big Data & Business Analytics, Blockchain), Deployment Model, Application, End User - Global Forecast 2024-2030

Insurtech Market by Offering (Service, Solution), Technology (Artificial Intelligence, Big Data & Business Analytics, Blockchain), Deployment Model, Application, End User - Global Forecast 2024-2030

The Insurtech Market size was estimated at USD 849.87 million in 2023 and expected to reach USD 1,208.24 million in 2024, at a CAGR 42.65% to reach USD 10,217.22 million by 2030.

Global Insurtech Market

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Insurtech Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Insurtech Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Insurtech Market, highlighting leading vendors and their innovative profiles. These include AdvantageGo by Coforge Limited, AgentSync, Inc., Akur8, SAS, Applied Systems, Inc., Atidot Software Ltd., Damco Group, DXC Technology Company, Innoveo Inc., Insurance Technology Services, Intellimin Limited, Majesco, Prove Identity, Inc., Quantemplate Technologies, Inc., Shift Technology, and Wipro Limited.

Market Segmentation & Coverage

This research report categorizes the Insurtech Market to forecast the revenues and analyze trends in each of the following sub-markets:

Offering
Service
Consulting

Managed Services

Support & Maintenance

Solution

Technology
Artificial Intelligence

Big Data & Business Analytics

Blockchain

Cloud Computing

IoT

Deployment Model
Cloud

On-Premise

Application
Claims Management

Policy Admin Collection & Disbursement

Product Development & Underwriting

Sales & Marketing

End User
Automotive

BFSI

Government

Healthcare

Manufacturing

Retail

Transportation

Region
Americas
Argentina

Brazil

Canada

Mexico

United States
California

Florida

Illinois

New York

Ohio

Pennsylvania

Texas

Asia-Pacific
Australia

China

India

Indonesia

Japan

Malaysia

Philippines

Singapore

South Korea

Taiwan

Thailand

Vietnam

Europe, Middle East & Africa
Denmark

Egypt

Finland

France

Germany

Israel

Italy

Netherlands

Nigeria

Norway

Poland

Qatar

Russia

Saudi Arabia

South Africa

Spain

Sweden

Switzerland

Turkey

United Arab Emirates

United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Insurtech Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Insurtech Market?
3. What are the technology trends and regulatory frameworks in the Insurtech Market?
4. What is the market share of the leading vendors in the Insurtech Market?
5. Which modes and strategic moves are suitable for entering the Insurtech Market?

Note: PDF & Excel + Online Access - 1 Year