Latin America Insurance Analytics Market Size & Outlook
Latin America insurance analytics market, 2017-2030 (US$M)
Related Markets
Latin America insurance analytics market highlights
- The Latin America insurance analytics market generated a revenue of USD 689.9 million in 2022.
- The market is expected to grow at a CAGR of 14.8% from 2023 to 2030.
- In terms of segment, tool was the largest revenue generating component in 2022.
- Service is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 689.9 million |
| Market revenue in 2030 | USD 2,077.3 million |
| Growth rate | 14.8% (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 |
| Key market players worldwide | The Carlyle Group Inc, RELX PLC ADR, Microsoft Corp, MicroStrategy Inc Class A, Oracle Corp, Pegasystems Inc, Sapiens International Corp NV, Salesforce Inc, Verisk Analytics Inc |
Other key industry trends
- In terms of revenue, Latin America region accounted for 6.4% of the global insurance analytics market in 2022.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 7,789.2 million by 2030.
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Insurance Analytics Market Scope
Insurance Analytics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America 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 67.1% in 2022. Horizon Databook has segmented the Latin America insurance analytics market based on tool, service covering the revenue growth of each sub-segment from 2017 to 2030.
- Latin America Insurance Analytics Component Outlook (Revenue, USD Million, 2017-2030)
- Tool
- Service
- Managed Services
- Professional Services
- Latin America Insurance Analytics Application Outlook (Revenue, USD Million, 2017-2030)
- Claim Management
- Risk Management
- Process Optimization
- Customer Management & Personalization
- Others
- Latin America Insurance Analytics Deployment Outlook (Revenue, USD Million, 2017-2030)
- On-premise
- Cloud
- Latin America Insurance Analytics Enterprise Size Outlook (Revenue, USD Million, 2017-2030)
- Large Enterprises
- Small & Medium Enterprises
- Latin America 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 Latin America 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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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 continent-level data and insights on the Latin America insurance analytics market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America insurance analytics market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Latin America insurance analytics market size, by country, 2017-2030 (US$M)
Latin America Insurance Analytics Market Outlook Share, 2022 & 2030 (US$M)
Related regional statistics
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