Insurtech Market Stand Out as the Biggest Contributor to Global Growth 2021-2030

PORTLAND, Ore. - Sept. 7, 2021 - PRLog -- Allied Market Research has published a latest report titled, "Insurtech Market by Offering (Solution and Service), Deployment Model (On-premise and Cloud), Technology (Artificial Intelligence, Cloud Computing, Blockchain, Big Data & Business Analytics, IoT, and Others), End User (Life & Health Insurance and Property and Casualty (P&C) Insurance), and Application (Product Development & Underwriting, Sales & Marketing, Policy Admin Collection & Disbursement, and Claims Management): Global Opportunity Analysis and Industry Forecast, 2021–2030", which says, the Insurtech market size was valued at $9.41 billion in 2020, and is projected to reach $158.99 billion by 2030, growing at a CAGR of 32.7% from 2021 to 2030.

Factors such as rapid digitalization of business models and saturation of the insurance industry propel the global Insurtech market growth. In addition, incorporation of technologies in existing product lines among insurance companies and untapped potential of emerging economies are expected to provide lucrative opportunities for the Insurtech solution providers in the coming years.

The key players profiled in the Insurtech market research report are Damco Group, Majesco, Oscar Insurance, OutSystems, Quantemplate, Wipro Limited, and Zhongan Insurance.

Insurtech market: Regional Scope and Demand Analysis for 2021-2030

Region wise, the Insurtech market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Russia, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

North America is dominating the Insurtech market share, owing to growth of the high investment opportunities. However, Asia-Pacific is projected to register the significant growth rate during the forecast period. Furthermore, LAMEA holds the subsequent position, and is likely to increase its growth rate by the end of the forecast period, followed by Europe.

Key Questions Answered in the Insurtech market Research Report:

Q1. At what CAGR, the Global Insurtech market will expand from 2021 – 2030?

Q2. What will be the revenue of Global industry by the end of 2030?

Q3. Which are the factors that drives global industry Growth?

Q4. Who are the leading players in Insurtech market?

Q5. What are the segments of Insurtech market?

Q6. What are the key growth strategies of Insurtech market Players?

Q7. By Application, which segment is expected to exhibit the highest CAGR during 2021 – 2030?

Q8. By Region, which segment holds a dominant position in 2020 and would maintain the lead over the forecast period?

Tags:Insurtech Market
Location:Portland - Oregon - United States
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