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.
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Insurance Analytics Market Scope
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
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Target buyers of Global insurance analytics market databook
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Our clientele includes a mix of insurance analytics market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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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.
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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)
| Component | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 2,294.4 | 2,509.5 | 2,750.8 | 3,051.3 | 3,401.2 | 3,803.4 | 4,267.2 | 4,803.6 | 5,426.2 | 6,151.4 | 6,992.8 | 7,968.6 | 9,094.8 | 10,386.7 | 13.4% |
| Europe | 1,697.1 | 1,859.8 | 2,042.7 | 2,270.4 | 2,535.8 | 2,841.5 | 3,194.6 | 3,603.7 | 4,079.5 | 4,634.7 | 5,280.2 | 6,030.3 | 6,898.0 | 7,895.7 | 13.6% |
| Asia Pacific | 1,324.6 | 1,479.3 | 1,655.4 | 1,874.3 | 2,132.4 | 2,433.4 | 2,785.8 | 3,199.6 | 3,687.3 | 4,264.0 | 4,944.2 | 5,746.3 | 6,688.4 | 7,789.2 | 15.7% |
| Latin America | 391.9 | 433.8 | 481.3 | 540.3 | 609.5 | 689.9 | 783.4 | 892.6 | 1,020.7 | 1,171.3 | 1,347.9 | 1,554.9 | 1,796.6 | 2,077.3 | 14.8% |
| MEA | 572.8 | 636.5 | 708.9 | 798.9 | 904.7 | 1,027.8 | 1,171.4 | 1,339.6 | 1,537.3 | 1,770.4 | 2,044.5 | 2,366.7 | 2,744.0 | 3,183.4 | 15.2% |
| Overall | 6,280.7 | 6,918.8 | 7,639.1 | 8,535.1 | 9,583.7 | 10,796.0 | 12,202.4 | 13,839.2 | 15,751.0 | 17,991.7 | 20,609.5 | 23,666.8 | 27,221.8 | 31,332.3 | 14.3% |
Related regional statistics
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