Global Insurance Software Market Growth (Status and Outlook) 2023-2029

Global Insurance Software Market Growth (Status and Outlook) 2023-2029

Insurance software is designed to help insurance carriers, agencies or brokerages manage their day-to-day operations. On the administrative side, these systems can help you keep track of policy and claims information, manage your teams and more. There's a client side to this software as well, which allows your customers to log in and do things such as check their policy information, fill out forms and make online payments.

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

This Insight Report provides a comprehensive analysis of the global Insurance Software 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 Insurance Software portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Insurance Software market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Insurance Software 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 Insurance Software.

The global Insurance Software market size is projected to grow from US$ 8050.1 million in 2022 to US$ 10410 million in 2029; it is expected to grow at a CAGR of 3.7% from 2023 to 2029.

Combining business process management (BPM) and customer relationship management (CRM) functionality, insurance software can act as the digital hub to facilitate all of company's primary insurance processes. Insurance software deployments are either on-premise (where the software is maintained on company servers) or cloud-based (where the software is maintained on vendor servers and accessed by companies via the internet). There are benefits to each option—on-premise software is more customizable to your needs, while cloud-based software requires fewer IT resources.

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

Market Segmentation:

Segmentation by type
On-premises
SaaS-based

Segmentation by application
Accident and Health
Life and Annuity
Reinsurance
Commercial Property/Casualty
Personal Property/Casualty
Others

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.
Microsoft
Oracle
Salesforce
SAP
Acturis
Automated Workflow
Buckhill
Computer Professionals
Computer Sciences Corporation
Dell
Ebix
EIS Group
Guidewire Software
Hyland Software
Insly
Insurity
Lexmark
MedinyX
Pegasystems
Sapiens
SAS
Solartis
Transactor
Vertafore

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