Global Bancassurance Technology Market Growth (Status and Outlook) 2023-2029

Global Bancassurance Technology Market Growth (Status and Outlook) 2023-2029

Bancassurance refers to a distribution channel for insurance products. It is a means for insurance companies to sell their products through banks, which allows the former to cater to a wide customer base. The bancassurance model is very common in many countries across Europe, including France, Spain, and Portugal. There are also several new entrants in the market, intensifying the competition, and encouraging insurance companies to innovate and customize products based on client requirement.

LPI (LP Information)' newest research report, the “Bancassurance Technology Industry Forecast” looks at past sales and reviews total world Bancassurance Technology sales in 2022, providing a comprehensive analysis by region and market sector of projected Bancassurance Technology sales for 2023 through 2029. With Bancassurance Technology sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Bancassurance Technology industry.

This Insight Report provides a comprehensive analysis of the global Bancassurance Technology landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Bancassurance Technology portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Bancassurance Technology market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Bancassurance Technology and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Bancassurance Technology.

The global Bancassurance Technology market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

With the advent of technology boom worldwide, banks and insurance firms across Europe have increasingly become dependent on computers, Internet and other technology mediums to run their business and drive revenue growth. The technology trend in the banking and insurance sectors will only intensify in the future, leading to a rise in popularity of bancassurance in Europe. According to the report, payment systems show significant changes in the past two decades. The emergence of several IT technologies with regard to payment systems has made the transaction process became much easier for banks and insurance companies. For instance, electronic payment systems are widely used among banks. In addition, integration is expected to evolve in the payment system. The evolution of payment systems is predicted to further grow during the forecast period. Many banks and insurance companies are likely to invest a significant amount in adoption of advanced technologies to enhance their functionality of payment systems.

This report presents a comprehensive overview, market shares, and growth opportunities of Bancassurance Technology market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Cloud
Big Data
Others

Segmentation by application
Banks
Insurance Firms

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Agile Financial Technologies
BSB
E&Y
HP
BM
Oracle

Please note: The report will take approximately 2 business days to prepare and deliver.