Global Insurance Analytics Market Size & Outlook
Global insurance analytics market, 2017-2030 (US$M)
Related Markets
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 2022 | USD 10,796.0 million |
| Market revenue in 2030 | USD 31,332.3 million |
| Growth rate | 14.2% (CAGR from 2022 to 2030) |
| Largest segment | Tool |
| Fastest growing segment | Service |
| Historical data covered | 2017 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Tool, 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 Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Sapiens International Corp NV | View profile | 5000 | 26 Harokmim Street, Azrieli Center, Holon, Israel, 5885800 | https://www.sapiens.com |
| Verisk Analytics Inc | View profile | 7500 | 545 Washington Boulevard, Jersey City, NJ, United States, 07310-1686 | https://www.verisk.com |
| The Carlyle Group Inc | View profile | 2200 | 1001 Pennsylvania Avenue, NW, Washington, DC, United States, 20004-2505 | https://www.carlyle.com |
| MicroStrategy Inc Class A | View profile | 1851 | 1850 Towers Crescent Plaza, Tysons Corner, VA, United States, 22182 | https://www.microstrategy.com |
| Salesforce Inc | View profile | 72682 | 415 Mission Street, 3rd Floor, Salesforce Tower, San Francisco, CA, United States, 94105 | https://www.salesforce.com |
| Pegasystems Inc | View profile | 5406 | One Main Street, Cambridge, MA, United States, 02142 | https://www.pega.com |
| RELX PLC ADR | View profile | 36500 | 1-3 Strand, London, United Kingdom, WC2N 5JR | https://www.relx.com |
| Microsoft Corp | View profile | 221000 | One Microsoft Way, Redmond, WA, United States, 98052-6399 | https://www.microsoft.com |
| Oracle Corp | View profile | 164000 | 2300 Oracle Way, Austin, TX, United States, 78741 | https://www.oracle.com |
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)
- Customer Management & Personalization
- Claim Management
- Risk Management
- Process Optimization
- 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
Global insurance analytics market size, by regions, 2017-2030 (US$M)
Top 10 countries: Insurance analytics market size, 2022 (US$M)
Global insurance analytics market share, by enterprise size, 2022 & 2030 (%, US$M)
Insurance analytics market: Opportunity assessment by country
Global insurance analytics market, by region, 2022 (US$M)
Related statistics
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.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
