Market Definition: Global Digital Insurance Platform Market
The various factors which has caused the introduction of digital insurance platform are increased customer expectations, need for simpler, more compelling products which provides a truly mni channel experience. The business today is facing issues related to digital disruption, are well known. But demonstrating a deep understanding of digital disruption is not insurers’ primary business challenge. Now the insurers want to innovate digitally, embrace the cloud and become more service enabled. In a simpler terminology the digital insurance can be termed as making every insurance experience easier-than-easy for customers.
Market Analysis: Global Digital Insurance Platform Market
The Global Digital Insurance Platform Market is expected to reach USD 193.24 billion by 2025, from USD 78.47 billion in 2017 growing at a CAGR of 13.7% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Competitive Landscape: Global Digital Insurance Platform Market
The global digital insurance platform market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of digital insurance platform market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Key Market Competitors: Global Digital Insurance Platform Market
The key players operating in the global digital insurance platform market are –
IBM
Microsoft
Accenture
Oracle
SAP
The other players in the market are TCS, Cognizant, DXC Technology, Infosys, Pegasystems, Appian, Mindtree, Prima Solutions, Fineos, Bolt Solutions, Majesco, EIS Group, Cogitate, Inzura, Duck Creek Technologies, Vertafore, Internet Pipeline, Ebaotech, Stoneriver, RGI and many more.
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