Global Insurance Analytics Market 2025-2029

Insurance Analytics Market 2025-2029

The insurance analytics market is forecasted to grow by USD 16123.2 mn during 2024-2029, accelerating at a CAGR of 16.7% during the forecast period. The report on the insurance analytics 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 increasing government regulations on mandatory insurance coverage in developing countries, increasing availability of big data tools, and growing need for insurers to make data-driven decisions.

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 insurance analytics market is segmented as below:

By Deployment

• Cloud
• On-premises

By Component

• Tools
• Services

By Type

• Risk management
• Claims management
• Customer management
• Process optimization
• Fraud detection

By Geographical Landscape

• North America
• Europe
• APAC
• Middle East and Africa
• South America

This study identifies the increasing adoption of insurance in developing countries as one of the prime reasons driving the insurance analytics market growth during the next few years. Also, advancements in technology in insurance analytics and expansion of retail landscape will lead to sizable demand in the market.

The report on the insurance analytics market covers the following areas:

• Insurance Analytics Market sizing
• Insurance Analytics Market forecast
• Insurance Analytics Market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading insurance analytics market vendors that include Applied Systems Inc., Capgemini Service SAS, Cognizant Technology Solutions Corp., Deloitte Touche Tohmatsu Ltd., Ernst and Young Global Ltd., Guidewire Software Inc., International Business Machines Corp., Majesco, MicroStrategy Inc., Oracle Corp., Pegasystems Inc., QlikTech International AB, RELX Plc, Roper Technologies Inc., Salesforce Inc., SAP SE, SAS Institute Inc., TIBCO Software Inc., Verisk Analytics Inc., and WNS Holdings Ltd.. Also, the insurance analytics market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

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. Show more