DUBLIN--(BUSINESS WIRE)--The "Digital Insurance Platform Market by Component (Tools and Services), End-Users (Insurance Companies, Third-Party Administrators & Brokers, and Aggregators), Insurance Application, Deployment Type, Organization Size & Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The digital insurance platform market size is expected to grow from USD 86.20 billion in 2018 to USD 164.13 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 13.7% during the forecast period.
The growth in the adoption Internet of Things (IoT) products, rise in the shift of insurers' focus from product-based strategies to customer-centric strategies, and increased awareness among insurers to digitalize channels are expected to drive the growth of the digital insurance platform market. The major factor that is expected to restrict the growth of the digital insurance platform market is the difficulty to integrate digital insurance platforms with legacy systems.
Managed services are provided by third-party and include monitoring and maintenance of computers, networks, and software. Managed services providers help organizations improve their productivity and ensure smooth functioning of the business processes with effective utilization of resources.
The Small and Medium-sized Enterprises (SMEs) segment is expected to grow at a higher CAGR during the forecast period. Cost-effectiveness is the important need of SMEs, as they always face constraints in marketing themselves and gaining visibility due to their limited budgets. In this digital era, digital insurance platforms can be extremely helpful to insurers in achieving business objectives, generating revenues, and finding new business opportunities.
- DXC Technology
- Prima Solutions
- Bolt Solutions
- EIS Group
- Duck Creek Technologies
- Internet Pipeline
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview and Industry Trends
6 Digital Insurance Platform Market, By Component
7 Digital Insurance Platform Market, By Service
8 Digital Insurance Platform Market, By Professional Service
9 Digital Insurance Platform Market, By End-User
10 Digital Insurance Platform Market, By Insurance Application
11 Digital Insurance Platform Market, By Deployment Type
12 Digital Insurance Platform Market, By Organization Size
13 Digital Insurance Platform Market, By Region
14 Competitive Landscape
15 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/sd9js9/global_digital?w=4