Global Insurance Analytics Market Size & Outlook

The insurance analytics industry worldwide is expected to reach a projected revenue of US$ 31,332.3 million by 2030. A compound annual growth rate of 14.2% is expected of the worldwide insurance analytics industry from 2023 to 2030.
Revenue, 2022 (US$M)
$10,796.0
Forecast, 2030 (US$M)
$31,332.3
CAGR, 2023 - 2030
14.2%
Report Coverage
Worldwide

Global insurance analytics market highlights

  • The global insurance analytics market generated a revenue of USD 10,796.0 million in 2022 and is expected to reach USD 31,332.3 million by 2030.
  • The market is expected to grow at a CAGR (2023 - 2030) of 14.2% by 2030.
  • In terms of segment, tool accounted for a revenue of USD 7,268.3 million in 2022.
  • Service is the most lucrative component segment registering the fastest growth during the forecast period.
  • In terms of region, North America was the largest revenue generating market in 2022.
  • Country-wise, U.S. is expected to register the highest CAGR from 2023 to 2030.

Global data book summary

Market revenue in 2022USD 10,796.0 million
Market revenue in 2030USD 31,332.3 million
Growth rate14.2% (CAGR from 2022 to 2030)
Largest segmentTool
Fastest growing segmentService
Historical data covered2017 - 2021
Base year for estimation2022
Forecast period covered2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentationTool, Service

Other key industry trends

  • In terms of revenue, the North America accounted for 35.2% of the global insurance analytics market in 2022.
  • By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
  • By country, U.S. is the fastest growing regional market and is projected to reach USD 7,806.6 million by 2030.

No credit card required*

Horizon in a snapshot

  • 30K+ Global Market Reports
  • 120K+ Country Reports
  • 1.2M+ Market Statistics
  • 200K+ Company Profiles
  • Industry insights and more

Insurance Analytics Market Scope

Insurance analytics market segmentation & scope
Tool
Managed Services
Professional Services
Claim Management
Risk Management
Process Optimization
Customer Management & Personalization
Others
On-premise
Cloud
Large Enterprises
Small & Medium Enterprises
Insurance Companies
Government Agencies
Third-party Administrators, Brokers, & Consultancies

Insurance Analytics Market Companies

Name Profile # Employees HQ Website

Global insurance analytics market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to insurance analytics market will help companies and investors design strategic landscapes.


Tool was the largest segment with a revenue share of 67.32% in 2022. Horizon Databook has segmented the Global insurance analytics market based on tool, service covering the revenue growth of each sub-segment from 2017 to 2030.


  • Global Insurance Analytics Component Outlook (Revenue, USD Million, 2017-2030)
    • Tool
    • Service
      • Managed Services
      • Professional Services
  • Global Insurance Analytics Application Outlook (Revenue, USD Million, 2017-2030)
    • Claim Management
    • Risk Management
    • Process Optimization
    • Customer Management & Personalization
    • Others
  • Global Insurance Analytics Deployment Outlook (Revenue, USD Million, 2017-2030)
    • On-premise
    • Cloud
  • Global Insurance Analytics Enterprise Size Outlook (Revenue, USD Million, 2017-2030)
    • Large Enterprises
    • Small & Medium Enterprises
  • Global Insurance Analytics End Use Outlook (Revenue, USD Million, 2017-2030)
    • Insurance Companies
    • Government Agencies
    • Third-party Administrators, Brokers, & Consultancies

Reasons to subscribe to Global insurance analytics market databook:

  • Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
  • Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
  • Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
  • Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
  • Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.

Target buyers of Global insurance analytics market databook

  • Our clientele includes a mix of insurance analytics market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.

Horizon Databook provides a detailed overview of global-level data and insights on the Global insurance analytics market , including forecasts for subscribers. This global databook contains high-level insights into Global insurance analytics market from 2017 to 2030, including revenue numbers, major trends, and company profiles.

Partial client list

  • logo

Global insurance analytics market size, by regions, 2017-2030 (US$M)

Top 10 countries: Insurance analytics market size, 2022 (US$M)

Global insurance analytics market share, by component, 2022 & 2030 (%, US$M)

Insurance analytics market: Opportunity assessment by country

Global insurance analytics market, by region, 2022 (US$M)

Global insurance analytics market size, by regions, 2017-2030 (US$M)

Sign up - it's easy, and free!

Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our free plan indefinitely.

Explore all plans

Included in Horizon account

  • 30K+ Global Market Reports
  • 120K+ Country Reports
  • 1.2M+ Market Statistics
  • 200K+ Company Profiles
  • Industry insights and more