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

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

Insurance firms in the US are deploying several big data and analytics technologies for effective risk and compliance management. Analytics solutions help insurance firms to increase their profitability and competitiveness in both domestic and global insurance markets.

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

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

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

The global Insurance IT Spending 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.

The increased application of advanced analytical tools such as descriptive, predictive, and prescriptive analytical solutions has helped insurance firms to obtain accurate estimation of the highly demanded products. Increased adoption of social media monitoring and analytical tools in the insurance sector will result in the elevated sale of insurance products in the coming years.

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

Market Segmentation:

Segmentation by type
Software Spending
Hardware Spending
IT Services Spending

Segmentation by application
Accident and Health
Life and Annuity
Reinsurance
Commercial Property/Casualty
Personal Property/Casualty
Enterprise Utilities
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.
Accenture
CSC
Fiserv
Guidewire Software
Oracle
Andesa
Cognizant
EXL Service
FIS
Genpact
Majesco
Microsoft
Pegasystems
SAP
StoneRiver

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