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

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

Life insurance software helps agents and brokers automate different operations such as issuing policies, collecting premiums and processing claims. Such solutions also allow customers to view details of their policies, raise claims using web forms and pay their premiums via a self-service online portal.
LPI (LP Information)' newest research report, the “Life Insurance Software Industry Forecast” looks at past sales and reviews total world Life Insurance Software sales in 2022, providing a comprehensive analysis by region and market sector of projected Life Insurance Software sales for 2023 through 2029. With Life Insurance Software sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Life Insurance Software industry.
This Insight Report provides a comprehensive analysis of the global Life 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 Life Insurance Software portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Life Insurance Software market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Life 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 Life Insurance Software.
The global Life Insurance Software market size is projected to grow from US$ 6424.1 million in 2022 to US$ 9604.1 million in 2029; it is expected to grow at a CAGR of 5.9% from 2023 to 2029.
The Life Insurance Software market consists of a well-established group of brand name manufacturers and new entrants.
The world TOP players in the Life Insurance Software market are Salesforce, Microsoft, SAP, Vertafore, IBM, Applied Systems Inc., Oracle, Sapiens International Corporation, Adobe, Accenture, Ebix, ACI, Sinosoft, Hyland Software, Aptitude Software, EIS Group, HawkSoft and so on. These Top companies currently account for more than 58% of the total market share and are expected to retain their dominating hold over the market during the forecast period. As consumer interest increases, this market will attract other major companies which want to extend their brand equity.
This report presents a comprehensive overview, market shares, and growth opportunities of Life Insurance Software market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
On-Premise
Cloud-Based
Segmentation by application
Term Life
Annuity
Whole Life
Group Life
Unit-linked
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.
Salesforce
Microsoft
SAP
Vertafore
IBM
Applied Systems Inc.
Oracle
Sapiens International Corporation
Adobe
Accenture
Ebix
ACI
Sinosoft
Hyland Software
Aptitude Software
EIS Group
HawkSoft

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