Edison, NJ -- (SBWIRE) -- 12/17/2020 -- The Latest Released Global Digital Insurance Platform market study offers a critical assessment of key growth dynamics, emerging avenues, investment trends in key regional markets, and the competitive landscape in various regions, and strategies of top players. The assessments also offer insight into the share and size of various segments in the Global Digital Insurance Platform market.
Major Players in This Report Include,
Oracle (United States), SAP (Germany), IBM (United States), Microsoft (United States), Accenture (Ireland), TCS (India), Pegasystems (United States), Appian (United States), Mindtree (India), Cognizant (United States), DXC Technology (United States), Infosys (India), Prima Solutions (India), Fineos (Ireland) and Bolt Solutions (United States)
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Definition:
Digital Insurance Platform has been designed to enable digital insurance innovation – providing rapid development and the launch of new products into the market on a low-cost, high business-benefit basis, Flexible, seamlessly integrated, channel-neutral, on-demand and comprehensive. The solution is a change to the historic approach where software vendors build the functionality required into standalone software products. The digital insurance platform offers several advantages such as reduces time to market, gain control of all decisions, and beat competition to new markets, among others. The platform is widely used by insurance companies, third-party administrators and brokers, and aggregators. According to AMA, the Global Digital Insurance Platform market is expected to see growth rate of 13.05%
Types of Products, Applications and Global Digital Insurance Platform Market Report Geographical Scope taken as the Main Parameter for Market Analysis. This Research Report Conducts an assessment of the industry chain supporting this market. It also provides accurate information on various aspects of this market, such as production capacity, available production capacity utilization, industrial policies affecting the manufacturing chain and market growth.
Market Trend
- Digital Channels Will Replace and Augment Physical Channels
- The Rise of Technologies like Big Data Analytics and Artificial Intelligence
Market Drivers
- Shift of Insurers' Focus from Product-Based to Customer-Centric Strategies
- Increased Awareness among Insurers about Digital Channels Fueling the Market Growth
- Growing Adoption of IoT Products
Opportunities
- Increased Awareness among Insurers to Access a Broader Segment of the Market
- Adoption of Cloud-Based Digital Solutions by Insurers to Obtain Higher Scalability
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The Global Digital Insurance Platform market study is being classified by Type, Applications and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
The Global Digital Insurance Platform is segmented by following Product Types:
Application (Automotive and transportation, Business and enterprise, Home and commercial buildings, Life and health, Consumer electronics and industrial machines, Travel), Organization Size (Large enterprises, Small and Medium-sized Enterprises (SMEs)), Deployment Type (On-premises, Cloud), End-user (Insurance companies, Third-party administrators and brokers, Aggregators), Component (Tools, Services {Managed services, Professional services})
The report concludes with in-depth details on the business operations and financial structure of leading vendors in the Global Digital Insurance Platform market report, Overview of Key trends in the past and present are in reports that are reported to be beneficial for companies looking for venture businesses in this market. Information about the various marketing channels and well-known distributors in this market was also provided here. This study serves as a rich guide for established players and new players in this market.
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Current Scenario Analysis for Decision Framework
Key Strategic Developments in Global Digital Insurance Platform Market:
The research includes the key strategic activities such as Research & Development (R&D) initiatives, Merger & Acquisition (M&A) completed, agreements, new launches, collaborations, partnerships & (JV) Joint ventures, and regional growth of the key competitors operating in the market at global and regional scale to overcome current slowdown due to COVID-19.
Key Market Features in Global Digital Insurance Platform Market
The report highlights Global Digital Insurance Platform market features, including revenue size, weighted average regional price, capacity utilization rate, production rate, gross margins, consumption, import & export, demand & supply, cost bench-marking in Global Digital Insurance Platform, market share and annualized growth rate (Y-o-Y) and Periodic CAGR.
Extracts from Table of Contents
Extracts from Table of Contents
Chapter 1: Global Digital Insurance Platform Market Overview
Chapter 2: Global Digital Insurance Platform Market Share and Market Overview
Chapter 3: Global Digital Insurance Platform Market Manufacturers/Players Analysis
3.1 Market Concentration Rate
3.2 Competition Scenario: BCG Matrix [Relative Market Share v/s Revenue Growth Rate]
3.3 Heat Map Analysis
3.4 FPNV Positioning Matrix
3.5 Comparative Market Share Analysis by Players (2018-2019) Rank, [% Market Share, Market Revenue]
3.6 Company Profile - Business Distribution by Region, Interview Record, Business Profile, Product/Service Specification, Price, Revenue and Gross profit 2017-2019
3.7 Price Benchmarking (2017-2019)
Chapter 4: Global Digital Insurance Platform Market Segmentation (Country Level Breakdown) (2014-2025)
- North America: United States, Canada, and Mexico.
- South & Central America: Argentina, Chile, and Brazil.
- Middle East & Africa: Saudi Arabia, UAE, Turkey, Egypt and South Africa.
- Europe: United Kingdom, France, Italy, Germany, Spain, Belgium, Netherlands, Poland and Russia.
- Asia-Pacific: India, China, Japan, South Korea, Indonesia, Singapore, and Australia.
Chapter 5: Global Digital Insurance Platform Market Breakdown by Segments (Type (Sports, Music & Other Live Shows, Movies), Application (Desktop, Mobile), Event Country (Domestic, International), Cost Structure (Free, Paid))
5.1 Global Digital Insurance Platform Market Segmentation (Product Type) Market Size 2014-2025
5.2 Different Global Digital Insurance Platform Price Analysis by Product Type (2014-2025)
5.3 Global Digital Insurance Platform Market Segmentation (Product Type) Analysis
5.4 Global Digital Insurance Platform Market by Application/End users Market Size 2014-2025
5.5 Global Digital Insurance Platform Market Segmentation (other segments) Analysis
Chapter 6: Methodology/Research Approach, Data Source, Disclaimer
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What are the market factors that are explained in the Home Health Hub Market report?
– Key Strategic Developments: Strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors.
– Key Market Features: Including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin.
– Analytical Tools: The analytical tools such as Porter's five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
This report also analyzes the regulatory framework of the Global Markets Global Digital Insurance Platform Market Report to inform stakeholders about the various norms, regulations, this can have an impact. It also collects in-depth information from the detailed primary and secondary research techniques analyzed using the most efficient analysis tools. Based on the statistics gained from this systematic study, market research provides estimates for market participants and readers.
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