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)
$31,332.3
CAGR, 2023 - 2030
14.2%
Report Coverage
Worldwide
Global insurance analytics market, 2017-2030 (US$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 segmentation & scope
Others
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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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.
Partial client list
Global insurance analytics market statistics, by regions, 2017-2030 (US$M)
Top 10 countries: Insurance analytics market size, 2022 (USD Million)
Top 10 countries: Insurance analytics market size, 2022 (USD Million)
Global insurance analytics market, by region, 2022 (US$M)
Related regional statistics
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