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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.
Scope of the Report:
This report studies the Insurance IT Spending market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Insurance IT Spending market by product type and applications/end industries.
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.
The global Insurance IT Spending market is valued at xx million USD in 2017 and is expected to reach xx million USD by the end of 2023, growing at a CAGR of xx% between 2017 and 2023.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Insurance IT Spending.
Europe also play important roles in global market, with market size of xx million USD in 2017 and will be xx million USD in 2023, with a CAGR of xx%.
Market Segment by Companies, this report covers
Accenture
CSC
Fiserv
Guidewire Software
Oracle
Andesa
Cognizant
EXL Service
FIS
Genpact
Majesco
Microsoft
Pegasystems
SAP
StoneRiver
Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
Software spending
Hardware spending
IT services spending
Market Segment by Applications, can be divided into
Commercial P&C insurance
Personal P&C insurance
Health and medical insurance
Life and accident insurance
Insurance administration and risk consulting
Annuities
The base year for the study has been considered 2019, historic year 2014 and 2018, the forecast period considered is from 2020 to 2027. The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. These regions are further analyzed at the country-level. The study also includes attractiveness analysis of type, application and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
Market is segmented on the basis:
The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2019 to 2026.
The report provides company profile of the key players operating in the market and a comparative analysis based on their business overviews industry offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
Table of Contents
1 Insurance IT Spending Market Overview
1.1 Product Overview and Scope of Insurance IT Spending
1.2 Classification of Insurance IT Spending by Types
1.2.1 Global Insurance IT Spending Revenue Comparison by Types (2017-2023)
1.2.2 Global Insurance IT Spending Revenue Market Share by Types in 2017
1.2.3 Software spending
1.2.4 Hardware spending
1.2.5 IT services spending
1.3 Global Insurance IT Spending Market by Application
1.3.1 Global Insurance IT Spending Market Size and Market Share Comparison by Applications (2013-2023)
1.3.2 Commercial P&C insurance
1.3.3 Personal P&C insurance
1.3.4 Health and medical insurance
1.3.5 Life and accident insurance
1.3.6 Insurance administration and risk consulting
1.3.7 Annuities
1.4 Global Insurance IT Spending Market by Regions
1.4.1 Global Insurance IT Spending Market Size (Million USD) Comparison by Regions (2013-2023)
1.4.1 North America (USA, Canada and Mexico) Insurance IT Spending Status and Prospect (2013-2023)
1.4.2 Europe (Germany, France, UK, Russia and Italy) Insurance IT Spending Status and Prospect (2013-2023)
1.4.3 Asia-Pacific (China, Japan, Korea, India and Southeast Asia) Insurance IT Spending Status and Prospect (2013-2023)
1.4.4 South America (Brazil, Argentina, Colombia) Insurance IT Spending Status and Prospect (2013-2023)
1.4.5 Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa) Insurance IT Spending Status and Prospect (2013-2023)
1.5 Global Market Size of Insurance IT Spending (2013-2023)
2 Manufacturers Profiles
2.1 Accenture
2.1.1 Business Overview
2.1.2 Insurance IT Spending Type and Applications
2.1.2.1 Product A
2.1.2.2 Product B
2.1.3 Accenture Insurance IT Spending Revenue, Gross Margin and Market Share (2016-2017)
2.2 CSC
2.2.1 Business Overview
2.2.2 Insurance IT Spending Type and Applications
2.2.2.1 Product A
2.2.2.2 Product B
2.2.3 CSC Insurance IT Spending Revenue, Gross Margin and Market Share (2016-2017)
2.3 Fiserv
2.3.1 Business Overview
2.3.2 Insurance IT Spending Type and Applications
2.3.2.1 Product A
2.3.2.2 Product B
2.3.3 Fiserv Insurance IT Spending Revenue, Gross Margin and Market Share (2016-2017)
2.4 Guidewire Software
2.4.1 Business Overview
2.4.2 Insurance IT Spending Type and Applications
2.4.2.1 Product A
2.4.2.2 Product B
2.4.3 Guidewire Software Insurance IT Spending Revenue, Gross Margin and Market Share (2016-2017)
2.5 Oracle
2.5.1 Business Overview
2.5.2 Insurance IT Spending Type and Applications
2.5.2.1 Product A
2.5.2.2 Product B
2.5.3 Oracle Insurance IT Spending Revenue, Gross Margin and Market Share (2016-2017)
2.6 Andesa
2.6.1 Business Overview
2.6.2 Insurance IT Spending Type and Applications
2.6.2.1 Product A
2.6.2.2 Product B
2.6.3 Andesa Insurance IT Spending Revenue, Gross Margin and Market Share (2016-2017)
2.7 Cognizant
2.7.1 Business Overview
2.7.2 Insurance IT Spending Type and Applications
2.7.2.1 Product A
2.7.2.2 Product B
2.7.3 Cognizant Insurance IT Spending Revenue, Gross Margin and Market Share (2016-2017)
2.8 EXL Service
2.8.1 Business Overview
2.8.2 Insurance IT Spending Type and Applications
2.8.2.1 Product A
2.8.2.2 Product B
2.8.3 EXL Service Insurance IT Spending Revenue, Gross Margin and Market Share (2016-2017)
2.9 FIS
2.9.1 Business Overview
2.9.2 Insurance IT Spending Type and Applications
2.9.2.1 Product A
2.9.2.2 Product B
2.9.3 FIS Insurance IT Spending Revenue, Gross Margin and Market Share (2016-2017)
2.10 Genpact
2.10.1 Business Overview
2.10.2 Insurance IT Spending Type and Applications
2.10.2.1 Product A
2.10.2.2 Product B
2.10.3 Genpact Insurance IT Spending Revenue, Gross Margin and Market Share (2016-2017)
2.11 Majesco
2.11.1 Business Overview
2.11.2 Insurance IT Spending Type and Applications
2.11.2.1 Product A
2.11.2.2 Product B
2.11.3 Majesco Insurance IT Spending Revenue, Gross Margin and Market Share (2016-2017)
2.12 Microsoft
2.12.1 Business Overview
2.12.2 Insurance IT Spending Type and Applications
2.12.2.1 Product A
2.12.2.2 Product B
2.12.3 Microsoft Insurance IT Spending Revenue, Gross Margin and Market Share (2016-2017)
2.13 Pegasystems
2.13.1 Business Overview
2.13.2 Insurance IT Spending Type and Applications
2.13.2.1 Product A
2.13.2.2 Product B
2.13.3 Pegasystems Insurance IT Spending Revenue, Gross Margin and Market Share (2016-2017)
2.14 SAP
2.14.1 Business Overview
2.14.2 Insurance IT Spending Type and Applications
2.14.2.1 Product A
2.14.2.2 Product B
2.14.3 SAP Insurance IT Spending Revenue, Gross Margin and Market Share (2016-2017)
2.15 StoneRiver
2.15.1 Business Overview
2.15.2 Insurance IT Spending Type and Applications
2.15.2.1 Product A
2.15.2.2 Product B
2.15.3 StoneRiver Insurance IT Spending Revenue, Gross Margin and Market Share (2016-2017)
3 Global Insurance IT Spending Market Competition, by Players
3.1 Global Insurance IT Spending Revenue and Share by Players (2013-2018)
3.2 Market Concentration Rate
3.2.1 Top 5 Insurance IT Spending Players Market Share
3.2.2 Top 10 Insurance IT Spending Players Market Share
3.3 Market Competition Trend
4 Global Insurance IT Spending Market Size by Regions
4.1 Global Insurance IT Spending Revenue and Market Share by Regions
4.2 North America Insurance IT Spending Revenue and Growth Rate (2013-2018)
4.3 Europe Insurance IT Spending Revenue and Growth Rate (2013-2018)
4.4 Asia-Pacific Insurance IT Spending Revenue and Growth Rate (2013-2018)
4.5 South America Insurance IT Spending Revenue and Growth Rate (2013-2018)
4.6 Middle East and Africa Insurance IT Spending Revenue and Growth Rate (2013-2018)
5 North America Insurance IT Spending Revenue by Countries
5.1 North America Insurance IT Spending Revenue by Countries (2013-2018)
5.2 USA Insurance IT Spending Revenue and Growth Rate (2013-2018)
5.3 Canada Insurance IT Spending Revenue and Growth Rate (2013-2018)
5.4 Mexico Insurance IT Spending Revenue and Growth Rate (2013-2018)
6 Europe Insurance IT Spending Revenue by Countries
6.1 Europe Insurance IT Spending Revenue by Countries (2013-2018)
6.2 Germany Insurance IT Spending Revenue and Growth Rate (2013-2018)
6.3 UK Insurance IT Spending Revenue and Growth Rate (2013-2018)
6.4 France Insurance IT Spending Revenue and Growth Rate (2013-2018)
6.5 Russia Insurance IT Spending Revenue and Growth Rate (2013-2018)
6.6 Italy Insurance IT Spending Revenue and Growth Rate (2013-2018)
7 Asia-Pacific Insurance IT Spending Revenue by Countries
7.1 Asia-Pacific Insurance IT Spending Revenue by Countries (2013-2018)
7.2 China Insurance IT Spending Revenue and Growth Rate (2013-2018)
7.3 Japan Insurance IT Spending Revenue and Growth Rate (2013-2018)
7.4 Korea Insurance IT Spending Revenue and Growth Rate (2013-2018)
7.5 India Insurance IT Spending Revenue and Growth Rate (2013-2018)
7.6 Southeast Asia Insurance IT Spending Revenue and Growth Rate (2013-2018)
8 South America Insurance IT Spending Revenue by Countries
8.1 South America Insurance IT Spending Revenue by Countries (2013-2018)
8.2 Brazil Insurance IT Spending Revenue and Growth Rate (2013-2018)
8.3 Argentina Insurance IT Spending Revenue and Growth Rate (2013-2018)
8.4 Colombia Insurance IT Spending Revenue and Growth Rate (2013-2018)
9 Middle East and Africa Revenue Insurance IT Spending by Countries
9.1 Middle East and Africa Insurance IT Spending Revenue by Countries (2013-2018)
9.2 Saudi Arabia Insurance IT Spending Revenue and Growth Rate (2013-2018)
9.3 UAE Insurance IT Spending Revenue and Growth Rate (2013-2018)
9.4 Egypt Insurance IT Spending Revenue and Growth Rate (2013-2018)
9.5 Nigeria Insurance IT Spending Revenue and Growth Rate (2013-2018)
9.6 South Africa Insurance IT Spending Revenue and Growth Rate (2013-2018)
10 Global Insurance IT Spending Market Segment by Type
10.1 Global Insurance IT Spending Revenue and Market Share by Type (2013-2018)
10.2 Global Insurance IT Spending Market Forecast by Type (2018-2023)
10.3 Software spending Revenue Growth Rate (2013-2023)
10.4 Hardware spending Revenue Growth Rate (2013-2023)
10.5 IT services spending Revenue Growth Rate (2013-2023)
11 Global Insurance IT Spending Market Segment by Application
11.1 Global Insurance IT Spending Revenue Market Share by Application (2013-2018)
11.2 Insurance IT Spending Market Forecast by Application (2018-2023)
11.3 Commercial P&C insurance Revenue Growth (2013-2018)
11.4 Personal P&C insurance Revenue Growth (2013-2018)
11.5 Health and medical insurance Revenue Growth (2013-2018)
11.6 Life and accident insurance Revenue Growth (2013-2018)
11.7 Insurance administration and risk consulting Revenue Growth (2013-2018)
11.8 Annuities Revenue Growth (2013-2018)
12 Global Insurance IT Spending Market Size Forecast (2018-2023)
12.1 Global Insurance IT Spending Market Size Forecast (2018-2023)
12.2 Global Insurance IT Spending Market Forecast by Regions (2018-2023)
12.3 North America Insurance IT Spending Revenue Market Forecast (2018-2023)
12.4 Europe Insurance IT Spending Revenue Market Forecast (2018-2023)
12.5 Asia-Pacific Insurance IT Spending Revenue Market Forecast (2018-2023)
12.6 South America Insurance IT Spending Revenue Market Forecast (2018-2023)
12.7 Middle East and Africa Insurance IT Spending Revenue Market Forecast (2018-2023)
13 Research Findings and Conclusion
14 Appendix
14.1 Methodology
14.2 Data Source
List of Tables and Figures
Figure Insurance IT Spending Picture
Table Product Specifications of Insurance IT Spending
Table Global Insurance IT Spending and Revenue (Million USD) Market Split by Prod
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