Global Claims Processing Software Market 2024-2028

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $2,500	132 Pages	TechNavio	October, 2024	INF19287573

Best Price Guarantee
Price	from $2,500
Length	132 Pages
Publisher	TechNavio
Published Date	October, 2024
SKU	INF19287573

Claims Processing Software Market 2024-2028

The claims processing software market is forecasted to grow by USD 22.8 bn during 2023-2028, accelerating at a CAGR of 8.2% during the forecast period. The report on the claims processing software market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing government regulations on mandatory insurance coverage in developing countries, increasing adoption of insurance claims processing software in developing countries, and rising prevalence of fatal diseases.

Technavio's claims processing software market is segmented as below:

By Component
Software
Services
By Geographical Landscape
North America
Europe
APAC
South America
Middle East and Africa

This study identifies the rapid growth of cyber insurance market as one of the prime reasons driving the claims processing software market growth during the next few years. Also, investor collaboration with insurtech firms and launch of new software services will lead to sizable demand in the market.

The report on the claims processing software market covers the following areas:

Claims Processing Software Market sizing
Claims Processing Software Market forecast
Claims Processing Software Market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading claims processing software market vendors that include Applied Systems Inc., Central Point Services Ltd., Duck Creek Technologies LLC, EIS Group Inc., Euclid Insurance Services Inc., Fineos Corp. Holdings plc, ForeSoft Corp., HawkSoft Inc., Healthsuite LLC, Hi Tech Health, HIPAAsuite, Hyland Software Inc., Insta Claim, Jenesis Software, Liberty Mutual Insurance Co., Newgen Software Technologies Ltd., Pegasystems Inc., Quick Silver Systems Inc., SpeedySoft USA Inc., and Ventiv Technology Inc.. Also, the claims processing software market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

1 Executive Summary: 1.1 Market overview; Executive Summary - Chart on Market Overview; Executive Summary - Data Table on Market Overview; Executive Summary - Chart on Global Market Characteristics; Executive Summary - Chart on Market By Geographical Landscape; Executive Summary - Chart on Market Segmentation by Component; Executive Summary - Chart on Incremental Growth; Executive Summary - Data Table on Incremental Growth; Executive Summary - Chart on Company Market Positioning
2 Market Landscape: 2.1 Market ecosystem; Parent Market; Data Table on - Parent Market; 2.2 Market characteristics; Market characteristics analysis; 2.3 Value chain analysis; Value Chain Analysis
3 Market Sizing: 3.1 Market definition; Offerings of companies included in the market definition; 3.2 Market segment analysis; Market segments; 3.3 Market size 2023; 3.4 Market outlook: Forecast for 2023-2028; Chart on Global - Market size and forecast 2023-2028 ($ billion); Data Table on Global - Market size and forecast 2023-2028 ($ billion); Chart on Global Market: Year-over-year growth 2023-2028 (%); Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size: 4.1 Global Claims Processing Software Market 2018 - 2022; Historic Market Size - Data Table on Global Claims Processing Software Market 2018 - 2022 ($ billion); 4.2 Component segment analysis 2018 - 2022; Historic Market Size - Component Segment 2018 - 2022 ($ billion); 4.3 Geography segment analysis 2018 - 2022; Historic Market Size - Geography Segment 2018 - 2022 ($ billion); 4.4 Country segment analysis 2018 - 2022; Historic Market Size - Country Segment 2018 - 2022 ($ billion)
5 Five Forces Analysis: 5.1 Five forces summary; Five forces analysis - Comparison between 2023 and 2028; 5.2 Bargaining power of buyers; Bargaining power of buyers - Impact of key factors 2023 and 2028; 5.3 Bargaining power of suppliers; Bargaining power of suppliers - Impact of key factors in 2023 and 2028; 5.4 Threat of new entrants; Threat of new entrants - Impact of key factors in 2023 and 2028; 5.5 Threat of substitutes; Threat of substitutes - Impact of key factors in 2023 and 2028; 5.6 Threat of rivalry; Threat of rivalry - Impact of key factors in 2023 and 2028; 5.7 Market condition; Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Component: 6.1 Market segments; Chart on Component - Market share 2023-2028 (%); Data Table on Component - Market share 2023-2028 (%); 6.2 Comparison by Component; Chart on Comparison by Component; Data Table on Comparison by Component; 6.3 Software - Market size and forecast 2023-2028; Chart on Software - Market size and forecast 2023-2028 ($ billion); Data Table on Software - Market size and forecast 2023-2028 ($ billion); Chart on Software - Year-over-year growth 2023-2028 (%); Data Table on Software - Year-over-year growth 2023-2028 (%); 6.4 Services - Market size and forecast 2023-2028; Chart on Services - Market size and forecast 2023-2028 ($ billion); Data Table on Services - Market size and forecast 2023-2028 ($ billion); Chart on Services - Year-over-year growth 2023-2028 (%); Data Table on Services - Year-over-year growth 2023-2028 (%); 6.5 Market opportunity by Component; Market opportunity by Component ($ billion); Data Table on Market opportunity by Component ($ billion)
7 Customer Landscape: 7.1 Customer landscape overview; Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
8 Geographic Landscape: 8.1 Geographic segmentation; Chart on Market share By Geographical Landscape 2023-2028 (%); Data Table on Market share By Geographical Landscape 2023-2028 (%); 8.2 Geographic comparison; Chart on Geographic comparison; Data Table on Geographic comparison; 8.3 North America - Market size and forecast 2023-2028; Chart on North America - Market size and forecast 2023-2028 ($ billion); Data Table on North America - Market size and forecast 2023-2028 ($ billion); Chart on North America - Year-over-year growth 2023-2028 (%); Data Table on North America - Year-over-year growth 2023-2028 (%); 8.4 Europe - Market size and forecast 2023-2028; Chart on Europe - Market size and forecast 2023-2028 ($ billion); Data Table on Europe - Market size and forecast 2023-2028 ($ billion); Chart on Europe - Year-over-year growth 2023-2028 (%); Data Table on Europe - Year-over-year growth 2023-2028 (%); 8.5 APAC - Market size and forecast 2023-2028; Chart on APAC - Market size and forecast 2023-2028 ($ billion); Data Table on APAC - Market size and forecast 2023-2028 ($ billion); Chart on APAC - Year-over-year growth 2023-2028 (%); Data Table on APAC - Year-over-year growth 2023-2028 (%); 8.6 South America - Market size and forecast 2023-2028; Chart on South America - Market size and forecast 2023-2028 ($ billion); Data Table on South America - Market size and forecast 2023-2028 ($ billion); Chart on South America - Year-over-year growth 2023-2028 (%); Data Table on South America - Year-over-year growth 2023-2028 (%); 8.7 Middle East and Africa - Market size and forecast 2023-2028; Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion); Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion); Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%); Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%); 8.8 US - Market size and forecast 2023-2028; Chart on US - Market size and forecast 2023-2028 ($ billion); Data Table on US - Market size and forecast 2023-2028 ($ billion); Chart on US - Year-over-year growth 2023-2028 (%); Data Table on US - Year-over-year growth 2023-2028 (%); 8.9 China - Market size and forecast 2023-2028; Chart on China - Market size and forecast 2023-2028 ($ billion); Data Table on China - Market size and forecast 2023-2028 ($ billion); Chart on China - Year-over-year growth 2023-2028 (%); Data Table on China - Year-over-year growth 2023-2028 (%); 8.10 Germany - Market size and forecast 2023-2028; Chart on Germany - Market size and forecast 2023-2028 ($ billion); Data Table on Germany - Market size and forecast 2023-2028 ($ billion); Chart on Germany - Year-over-year growth 2023-2028 (%); Data Table on Germany - Year-over-year growth 2023-2028 (%); 8.11 UK - Market size and forecast 2023-2028; Chart on UK - Market size and forecast 2023-2028 ($ billion); Data Table on UK - Market size and forecast 2023-2028 ($ billion); Chart on UK - Year-over-year growth 2023-2028 (%); Data Table on UK - Year-over-year growth 2023-2028 (%); 8.12 Japan - Market size and forecast 2023-2028; Chart on Japan - Market size and forecast 2023-2028 ($ billion); Data Table on Japan - Market size and forecast 2023-2028 ($ billion); Chart on Japan - Year-over-year growth 2023-2028 (%); Data Table on Japan - Year-over-year growth 2023-2028 (%); 8.13 Market opportunity By Geographical Landscape; Market opportunity By Geographical Landscape ($ billion); Data Tables on Market opportunity By Geographical Landscape ($ billion)
9 Drivers, Challenges, and Opportunity/Restraints: 9.1 Market drivers; 9.2 Market challenges; 9.3 Impact of drivers and challenges; Impact of drivers and challenges in 2023 and 2028; 9.4 Market opportunities/restraints
10 Competitive Landscape: 10.1 Overview; 10.2 Competitive Landscape; Overview on criticality of inputs and factors of differentiation; 10.3 Landscape disruption; Overview on factors of disruption; 10.4 Industry risks; Impact of key risks on business
11 Competitive Analysis: 11.1 Companies profiled; Companies covered; 11.2 Market positioning of companies; Matrix on companies position and classification; 11.3 Applied Systems Inc.; Applied Systems Inc. - Overview; Applied Systems Inc. - Product / Service; Applied Systems Inc. - Key offerings; 11.4 Duck Creek Technologies LLC; Duck Creek Technologies LLC - Overview; Duck Creek Technologies LLC - Product / Service; Duck Creek Technologies LLC - Key offerings; 11.5 Fineos Corp. Holdings plc; Fineos Corp. Holdings plc - Overview; Fineos Corp. Holdings plc - Product / Service; Fineos Corp. Holdings plc - Key offerings; 11.6 HawkSoft Inc.; HawkSoft Inc. - Overview; HawkSoft Inc. - Product / Service; HawkSoft Inc. - Key offerings; 11.7 HIPAAsuite; HIPAAsuite - Overview; HIPAAsuite - Product / Service; HIPAAsuite - Key offerings; 11.8 Hyland Software Inc.; Hyland Software Inc. - Overview; Hyland Software Inc. - Product / Service; Hyland Software Inc. - Key offerings; 11.9 Newgen Software Technologies Ltd.; Newgen Software Technologies Ltd. - Overview; Newgen Software Technologies Ltd. - Product / Service; Newgen Software Technologies Ltd. - Key news; Newgen Software Technologies Ltd. - Key offerings; 11.10 Pegasystems Inc.; Pegasystems Inc. - Overview; Pegasystems Inc. - Product / Service; Pegasystems Inc. - Key offerings; 11.11 Quick Silver Systems Inc.; Quick Silver Systems Inc. - Overview; Quick Silver Systems Inc. - Product / Service; Quick Silver Systems Inc. - Key offerings; 11.12 Ventiv Technology Inc.; Ventiv Technology Inc. - Overview; Ventiv Technology Inc. - Product / Service; Ventiv Technology Inc. - Key offerings
12 Appendix: 12.1 Scope of the report; 12.2 Inclusions and exclusions checklist; Inclusions checklist; Exclusions checklist; 12.3 Currency conversion rates for US$; Currency conversion rates for US$; 12.4 Research methodology; Research methodology; 12.5 Data procurement; Information sources; 12.6 Data validation; Data validation; 12.7 Validation techniques employed for market sizing; Validation techniques employed for market sizing; 12.8 Data synthesis; Data synthesis; 12.9 360 degree market analysis; 360 degree market analysis; 12.10 List of abbreviations; List of abbreviations
Exhibits:: Exhibits1: Executive Summary - Chart on Market Overview; Exhibits2: Executive Summary - Data Table on Market Overview; Exhibits3: Executive Summary - Chart on Global Market Characteristics; Exhibits4: Executive Summary - Chart on Market By Geographical Landscape; Exhibits5: Executive Summary - Chart on Market Segmentation by Component; Exhibits6: Executive Summary - Chart on Incremental Growth; Exhibits7: Executive Summary - Data Table on Incremental Growth; Exhibits8: Executive Summary - Chart on Company Market Positioning; Exhibits9: Parent Market; Exhibits10: Data Table on - Parent Market; Exhibits11: Market characteristics analysis; Exhibits12: Value Chain Analysis; Exhibits13: Offerings of companies included in the market definition; Exhibits14: Market segments; Exhibits15: Chart on Global - Market size and forecast 2023-2028 ($ billion); Exhibits16: Data Table on Global - Market size and forecast 2023-2028 ($ billion); Exhibits17: Chart on Global Market: Year-over-year growth 2023-2028 (%); Exhibits18: Data Table on Global Market: Year-over-year growth 2023-2028 (%); Exhibits19: Historic Market Size - Data Table on Global Claims Processing Software Market 2018 - 2022 ($ billion); Exhibits20: Historic Market Size - Component Segment 2018 - 2022 ($ billion); Exhibits21: Historic Market Size - Geography Segment 2018 - 2022 ($ billion); Exhibits22: Historic Market Size - Country Segment 2018 - 2022 ($ billion); Exhibits23: Five forces analysis - Comparison between 2023 and 2028; Exhibits24: Bargaining power of buyers - Impact of key factors 2023 and 2028; Exhibits25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028; Exhibits26: Threat of new entrants - Impact of key factors in 2023 and 2028; Exhibits27: Threat of substitutes - Impact of key factors in 2023 and 2028; Exhibits28: Threat of rivalry - Impact of key factors in 2023 and 2028; Exhibits29: Chart on Market condition - Five forces 2023 and 2028; Exhibits30: Chart on Component - Market share 2023-2028 (%); Exhibits31: Data Table on Component - Market share 2023-2028 (%); Exhibits32: Chart on Comparison by Component; Exhibits33: Data Table on Comparison by Component; Exhibits34: Chart on Software - Market size and forecast 2023-2028 ($ billion); Exhibits35: Data Table on Software - Market size and forecast 2023-2028 ($ billion); Exhibits36: Chart on Software - Year-over-year growth 2023-2028 (%); Exhibits37: Data Table on Software - Year-over-year growth 2023-2028 (%); Exhibits38: Chart on Services - Market size and forecast 2023-2028 ($ billion); Exhibits39: Data Table on Services - Market size and forecast 2023-2028 ($ billion); Exhibits40: Chart on Services - Year-over-year growth 2023-2028 (%); Exhibits41: Data Table on Services - Year-over-year growth 2023-2028 (%); Exhibits42: Market opportunity by Component ($ billion); Exhibits43: Data Table on Market opportunity by Component ($ billion); Exhibits44: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria; Exhibits45: Chart on Market share By Geographical Landscape 2023-2028 (%); Exhibits46: Data Table on Market share By Geographical Landscape 2023-2028 (%); Exhibits47: Chart on Geographic comparison; Exhibits48: Data Table on Geographic comparison; Exhibits49: Chart on North America - Market size and forecast 2023-2028 ($ billion); Exhibits50: Data Table on North America - Market size and forecast 2023-2028 ($ billion); Exhibits51: Chart on North America - Year-over-year growth 2023-2028 (%); Exhibits52: Data Table on North America - Year-over-year growth 2023-2028 (%); Exhibits53: Chart on Europe - Market size and forecast 2023-2028 ($ billion); Exhibits54: Data Table on Europe - Market size and forecast 2023-2028 ($ billion); Exhibits55: Chart on Europe - Year-over-year growth 2023-2028 (%); Exhibits56: Data Table on Europe - Year-over-year growth 2023-2028 (%); Exhibits57: Chart on APAC - Market size and forecast 2023-2028 ($ billion); Exhibits58: Data Table on APAC - Market size and forecast 2023-2028 ($ billion); Exhibits59: Chart on APAC - Year-over-year growth 2023-2028 (%); Exhibits60: Data Table on APAC - Year-over-year growth 2023-2028 (%); Exhibits61: Chart on South America - Market size and forecast 2023-2028 ($ billion); Exhibits62: Data Table on South America - Market size and forecast 2023-2028 ($ billion); Exhibits63: Chart on South America - Year-over-year growth 2023-2028 (%); Exhibits64: Data Table on South America - Year-over-year growth 2023-2028 (%); Exhibits65: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion); Exhibits66: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion); Exhibits67: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%); Exhibits68: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%); Exhibits69: Chart on US - Market size and forecast 2023-2028 ($ billion); Exhibits70: Data Table on US - Market size and forecast 2023-2028 ($ billion); Exhibits71: Chart on US - Year-over-year growth 2023-2028 (%); Exhibits72: Data Table on US - Year-over-year growth 2023-2028 (%); Exhibits73: Chart on China - Market size and forecast 2023-2028 ($ billion); Exhibits74: Data Table on China - Market size and forecast 2023-2028 ($ billion); Exhibits75: Chart on China - Year-over-year growth 2023-2028 (%); Exhibits76: Data Table on China - Year-over-year growth 2023-2028 (%); Exhibits77: Chart on Germany - Market size and forecast 2023-2028 ($ billion); Exhibits78: Data Table on Germany - Market size and forecast 2023-2028 ($ billion); Exhibits79: Chart on Germany - Year-over-year growth 2023-2028 (%); Exhibits80: Data Table on Germany - Year-over-year growth 2023-2028 (%); Exhibits81: Chart on UK - Market size and forecast 2023-2028 ($ billion); Exhibits82: Data Table on UK - Market size and forecast 2023-2028 ($ billion); Exhibits83: Chart on UK - Year-over-year growth 2023-2028 (%); Exhibits84: Data Table on UK - Year-over-year growth 2023-2028 (%); Exhibits85: Chart on Japan - Market size and forecast 2023-2028 ($ billion); Exhibits86: Data Table on Japan - Market size and forecast 2023-2028 ($ billion); Exhibits87: Chart on Japan - Year-over-year growth 2023-2028 (%); Exhibits88: Data Table on Japan - Year-over-year growth 2023-2028 (%); Exhibits89: Market opportunity By Geographical Landscape ($ billion); Exhibits90: Data Tables on Market opportunity By Geographical Landscape ($ billion); Exhibits91: Impact of drivers and challenges in 2023 and 2028; Exhibits92: Overview on criticality of inputs and factors of differentiation; Exhibits93: Overview on factors of disruption; Exhibits94: Impact of key risks on business; Exhibits95: Companies covered; Exhibits96: Matrix on companies position and classification; Exhibits97: Applied Systems Inc. - Overview; Exhibits98: Applied Systems Inc. - Product / Service; Exhibits99: Applied Systems Inc. - Key offerings; Exhibits100: Duck Creek Technologies LLC - Overview; Exhibits101: Duck Creek Technologies LLC - Product / Service; Exhibits102: Duck Creek Technologies LLC - Key offerings; Exhibits103: Fineos Corp. Holdings plc - Overview; Exhibits104: Fineos Corp. Holdings plc - Product / Service; Exhibits105: Fineos Corp. Holdings plc - Key offerings; Exhibits106: HawkSoft Inc. - Overview; Exhibits107: HawkSoft Inc. - Product / Service; Exhibits108: HawkSoft Inc. - Key offerings; Exhibits109: HIPAAsuite - Overview; Exhibits110: HIPAAsuite - Product / Service; Exhibits111: HIPAAsuite - Key offerings; Exhibits112: Hyland Software Inc. - Overview; Exhibits113: Hyland Software Inc. - Product / Service; Exhibits114: Hyland Software Inc. - Key offerings; Exhibits115: Newgen Software Technologies Ltd. - Overview; Exhibits116: Newgen Software Technologies Ltd. - Product / Service; Exhibits117: Newgen Software Technologies Ltd. - Key news; Exhibits118: Newgen Software Technologies Ltd. - Key offerings; Exhibits119: Pegasystems Inc. - Overview; Exhibits120: Pegasystems Inc. - Product / Service; Exhibits121: Pegasystems Inc. - Key offerings; Exhibits122: Quick Silver Systems Inc. - Overview; Exhibits123: Quick Silver Systems Inc. - Product / Service; Exhibits124: Quick Silver Systems Inc. - Key offerings; Exhibits125: Ventiv Technology Inc. - Overview; Exhibits126: Ventiv Technology Inc. - Product / Service; Exhibits127: Ventiv Technology Inc. - Key offerings; Exhibits128: Inclusions checklist; Exhibits129: Exclusions checklist; Exhibits130: Currency conversion rates for US$; Exhibits131: Research methodology; Exhibits132: Information sources; Exhibits133: Data validation; Exhibits134: Validation techniques employed for market sizing; Exhibits135: Data synthesis; Exhibits136: 360 degree market analysis; Exhibits137: List of abbreviations