Global AI in Insurance Claims Processing Market 2025-2029
Description
AI In Insurance Claims Processing Market 2025-2029
The AI in insurance claims processing market is forecasted to grow by USD 1390.5 mn during 2024-2029, accelerating at a CAGR of 28.4% during the forecast period. The report on the AI in insurance claims processing 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 escalating demand for automation to enhance operational efficiency and reduce costs, proliferation of advanced AI technologies, particularly generative AI, and surging customer expectations for a digital first, personalized claims experience.
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 size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
Technavio's AI in insurance claims processing market is segmented as below:
By Component
The report on the AI in insurance claims processing market covers the following areas:
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.
The AI in insurance claims processing market is forecasted to grow by USD 1390.5 mn during 2024-2029, accelerating at a CAGR of 28.4% during the forecast period. The report on the AI in insurance claims processing 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 escalating demand for automation to enhance operational efficiency and reduce costs, proliferation of advanced AI technologies, particularly generative AI, and surging customer expectations for a digital first, personalized claims experience.
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 size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
Technavio's AI in insurance claims processing market is segmented as below:
By Component
- Software
- Services
- Cloud
- On premises
- Machine learning
- Natural language processing
- Computer vision
- Others
- North America
- Europe
- APAC
- South America
- Middle East and Africa
The report on the AI in insurance claims processing market covers the following areas:
- AI In Insurance Claims Processing Market sizing
- AI In Insurance Claims Processing Market forecast
- AI In Insurance Claims Processing Market industry analysis
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.
Table of Contents
228 Pages
- Market overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Criticality of inputs and Factors of differentiation
- Factors of disruption
- Impact of drivers and challenges
- Market ecosystem
- Market characteristics
- Value chain analysis
- Market definition
- Market segment analysis
- Market size 2024
- Market outlook: Forecast for 2024-2029
- Global AI In Insurance Claims Processing Market 2019 - 2023
- Component segment analysis 2019 - 2023
- Deployment segment analysis 2019 - 2023
- Technology segment analysis 2019 - 2023
- Geography segment analysis 2019 - 2023
- Country segment analysis 2019 - 2023
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
- Market segments
- Comparison by Component
- Software - Market size and forecast 2024-2029
- Services - Market size and forecast 2024-2029
- Market opportunity by Component
- Market segments
- Comparison by Deployment
- Cloud - Market size and forecast 2024-2029
- On premises - Market size and forecast 2024-2029
- Market opportunity by Deployment
- Market segments
- Comparison by Technology
- Machine learning - Market size and forecast 2024-2029
- Natural language processing - Market size and forecast 2024-2029
- Computer vision - Market size and forecast 2024-2029
- Others - Market size and forecast 2024-2029
- Market opportunity by Technology
- Customer landscape overview
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2024-2029
- Europe - Market size and forecast 2024-2029
- APAC - Market size and forecast 2024-2029
- South America - Market size and forecast 2024-2029
- Middle East and Africa - Market size and forecast 2024-2029
- US - Market size and forecast 2024-2029
- China - Market size and forecast 2024-2029
- Germany - Market size and forecast 2024-2029
- UK - Market size and forecast 2024-2029
- India - Market size and forecast 2024-2029
- Canada - Market size and forecast 2024-2029
- France - Market size and forecast 2024-2029
- Japan - Market size and forecast 2024-2029
- Italy - Market size and forecast 2024-2029
- Brazil - Market size and forecast 2024-2029
- Market opportunity by geography
- Market drivers
- Market challenges
- Impact of drivers and challenges
- Market opportunities/restraints
- Overview
- Competitive Landscape
- Landscape disruption
- Industry risks
- Companies profiled
- Company ranking index
- Market positioning of companies
- Amazon Web Services Inc.
- Bdeo Technologies S.L.
- Duck Creek Technologies LLC
- Google Cloud
- Guidewire Software Inc.
- International Business Machines Corp.
- LexisNexis Legal and Professional
- Microsoft Corp.
- Open Text Corp.
- Pegasystems Inc.
- Ravin AI Ltd.
- SAS Institute Inc.
- Shift Technology
- Tractable Ltd.
- UiPath Inc.
- Scope of the report
- Inclusions and exclusions checklist
- Currency conversion rates for US$
- Research methodology
- Data procurement
- Data validation
- Validation techniques employed for market sizing
- Data synthesis
- 360 degree market analysis
- List of abbreviations
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