Global Insurtech Market Size & Outlook, 2023-2030
Global insurtech market, 2017-2030 (US$M)
Related Markets
Global insurtech market highlights
- The global insurtech market generated a revenue of USD 7,865.8 million in 2023 and is expected to reach USD 152,433.9 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 52.7% by 2030.
- In terms of segment, health accounted for a revenue of USD 1,931.2 million in 2023.
- Home is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 7,865.8 million |
| Market revenue in 2030 | USD 152,433.9 million |
| Growth rate | 52.7% (CAGR from 2023 to 2030) |
| Largest segment | Health |
| Fastest growing segment | Home |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Auto, Business, Health, Home, Specialty, Travel |
Other key industry trends
- In terms of revenue, the North America accounted for 36.5% of the global insurtech market in 2023.
- 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 42,154.6 million by 2030.
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Insurtech Market Scope
Insurtech Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global insurtech 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 insurtech market will help companies and investors design strategic landscapes.
Health was the largest segment with a revenue share of 24.55% in 2023. Horizon Databook has segmented the Global insurtech market based on auto, business, health, home, specialty, travel covering the revenue growth of each sub-segment from 2017 to 2030.
- Global Insurtech Type Outlook (Revenue, USD Million, 2017-2030)
- Auto
- Business
- Health
- Home
- Specialty
- Travel
- Others
- Global Insurtech Service Outlook (Revenue, USD Million, 2017-2030)
- Consulting
- Support & Maintenance
- Managed Services
- Global Insurtech Technology Outlook (Revenue, USD Million, 2017-2030)
- Blockchain
- Cloud Computing
- IoT
- Machine Learning
- Robo Advisory
- Others
- Global Insurtech End Use Outlook (Revenue, USD Million, 2017-2030)
- Automotive
- BFSI
- Government
- Healthcare
- Manufacturing
- Retail
- Transportation
- Others
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Our clientele includes a mix of insurtech 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 insurtech market , including forecasts for subscribers. This global databook contains high-level insights into Global insurtech market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Global insurtech market size, by regions, 2017-2030 (US$M)
Top 10 countries: Insurtech market size, 2023 (US$M)
Global insurtech market share, by type, 2023 & 2030 (%, US$M)
Insurtech market: Opportunity assessment by country
Global insurtech market, by region, 2023 (US$M)
| Type | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 410.3 | 545.2 | 734.0 | 1,008.5 | 1,417.0 | 1,997.1 | 2,867.9 | 4,171.3 | 6,178.5 | 9,298.9 | 14,216.7 | 22,013.3 | 34,275.3 | 53,550.0 | 51.9% |
| Europe | 310.1 | 412.9 | 556.9 | 766.7 | 1,079.3 | 1,524.1 | 2,193.0 | 3,196.0 | 4,743.5 | 7,153.6 | 10,959.2 | 17,004.4 | 26,531.3 | 41,538.2 | 52.2% |
| Asia Pacific | 217.1 | 293.1 | 400.7 | 559.1 | 797.7 | 1,141.6 | 1,664.4 | 2,457.7 | 3,695.5 | 5,645.6 | 8,761.0 | 13,768.4 | 21,756.9 | 34,495.8 | 54.2% |
| Latin America | 63.6 | 85.3 | 115.8 | 160.4 | 227.3 | 323.1 | 468.0 | 686.6 | 1,025.8 | 1,557.2 | 2,401.3 | 3,750.5 | 5,890.5 | 9,283.2 | 53.2% |
| MEA | 90.0 | 121.0 | 164.7 | 228.8 | 325.0 | 463.2 | 672.5 | 989.1 | 1,481.3 | 2,254.1 | 3,484.5 | 5,455.3 | 8,588.2 | 13,566.6 | 53.6% |
| Overall | 1,091.1 | 1,457.5 | 1,972.1 | 2,723.5 | 3,846.3 | 5,449.2 | 7,865.8 | 11,500.7 | 17,124.5 | 25,909.3 | 39,822.7 | 61,992.0 | 97,042.2 | 152,433.9 | 52.7% |
Related regional statistics
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