Global Insurtech Market Size & Outlook
The insurtech industry worldwide is expected to reach a projected revenue of US$ 152,433.9 million by 2030. A compound annual growth rate of 52.7% is expected of the worldwide insurtech industry from 2024 to 2030.
Revenue, 2023 (US$M)
$7,865.8
Forecast, 2030 (US$M)
$152,433.9
CAGR, 2024 - 2030
52.7%
Report Coverage
Worldwide
Global insurtech market, 2017-2030 (US$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 segmentation & 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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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 statistics, by region, 2017-2030 (US$M)
Top 10 countries: Insurtech market size, 2023 (USD Million)
Top 10 countries: Insurtech market size, 2023 (USD Million)
Global insurtech market, by region, 2023 (US$M)
Related regional statistics
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