Global Insurance IT Spending Market Research Report 2023

Report ID: 1988423 | Published Date: Jan 2025 | No. of Page: 97 | Base Year: 2024 | Rating: 4 | Webstory: Check our Web story
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1 Report Overview
    1.1 Study Scope
    1.2 Market Analysis by Type
        1.2.1 Global Insurance IT Spending Market Size Growth Rate by Type: 2017 VS 2021 VS 2028
        1.2.2 Software Spending
        1.2.3 Hardware Spending
        1.2.4 IT Services Spending
    1.3 Market by Application
        1.3.1 Global Insurance IT Spending Market Share by Application: 2017 VS 2021 VS 2028
        1.3.2 Accident and Health
        1.3.3 Life and Annuity
        1.3.4 Reinsurance
        1.3.5 Commercial Property/Casualty
        1.3.6 Personal Property/Casualty
        1.3.7 Enterprise Utilities
        1.3.8 Others
    1.4 Study Objectives
    1.5 Years Considered
2 Global Growth Trends
    2.1 Global Insurance IT Spending Market Perspective (2017-2028)
    2.2 Insurance IT Spending Growth Trends by Region
        2.2.1 Insurance IT Spending Market Size by Region: 2017 VS 2021 VS 2028
        2.2.2 Insurance IT Spending Historic Market Size by Region (2017-2022)
        2.2.3 Insurance IT Spending Forecasted Market Size by Region (2023-2028)
    2.3 Insurance IT Spending Market Dynamics
        2.3.1 Insurance IT Spending Industry Trends
        2.3.2 Insurance IT Spending Market Drivers
        2.3.3 Insurance IT Spending Market Challenges
        2.3.4 Insurance IT Spending Market Restraints
3 Competition Landscape by Key Players
    3.1 Global Top Insurance IT Spending Players by Revenue
        3.1.1 Global Top Insurance IT Spending Players by Revenue (2017-2022)
        3.1.2 Global Insurance IT Spending Revenue Market Share by Players (2017-2022)
    3.2 Global Insurance IT Spending Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
    3.3 Players Covered: Ranking by Insurance IT Spending Revenue
    3.4 Global Insurance IT Spending Market Concentration Ratio
        3.4.1 Global Insurance IT Spending Market Concentration Ratio (CR5 and HHI)
        3.4.2 Global Top 10 and Top 5 Companies by Insurance IT Spending Revenue in 2021
    3.5 Insurance IT Spending Key Players Head office and Area Served
    3.6 Key Players Insurance IT Spending Product Solution and Service
    3.7 Date of Enter into Insurance IT Spending Market
    3.8 Mergers & Acquisitions, Expansion Plans
4 Insurance IT Spending Breakdown Data by Type
    4.1 Global Insurance IT Spending Historic Market Size by Type (2017-2022)
    4.2 Global Insurance IT Spending Forecasted Market Size by Type (2023-2028)
5 Insurance IT Spending Breakdown Data by Application
    5.1 Global Insurance IT Spending Historic Market Size by Application (2017-2022)
    5.2 Global Insurance IT Spending Forecasted Market Size by Application (2023-2028)
6 North America
    6.1 North America Insurance IT Spending Market Size (2017-2028)
    6.2 North America Insurance IT Spending Market Size by Country (2017-2022)
    6.3 North America Insurance IT Spending Market Size by Country (2023-2028)
    6.4 United States
    6.5 Canada
7 Europe
    7.1 Europe Insurance IT Spending Market Size (2017-2028)
    7.2 Europe Insurance IT Spending Market Size by Country (2017-2022)
    7.3 Europe Insurance IT Spending Market Size by Country (2023-2028)
    7.4 Germany
    7.5 France
    7.6 U.K.
    7.7 Italy
    7.8 Russia
    7.9 Nordic Countries
8 Asia-Pacific
    8.1 Asia-Pacific Insurance IT Spending Market Size (2017-2028)
    8.2 Asia-Pacific Insurance IT Spending Market Size by Country (2017-2022)
    8.3 Asia-Pacific Insurance IT Spending Market Size by Country (2023-2028)
    8.4 China
    8.5 Japan
    8.6 South Korea
    8.7 Southeast Asia
    8.8 India
    8.9 Australia
9 Latin America
    9.1 Latin America Insurance IT Spending Market Size (2017-2028)
    9.2 Latin America Insurance IT Spending Market Size by Country (2017-2022)
    9.3 Latin America Insurance IT Spending Market Size by Country (2023-2028)
    9.4 Mexico
    9.5 Brazil
10 Middle East & Africa
    10.1 Middle East & Africa Insurance IT Spending Market Size (2017-2028)
    10.2 Middle East & Africa Insurance IT Spending Market Size by Country (2017-2022)
    10.3 Middle East & Africa Insurance IT Spending Market Size by Country (2023-2028)
    10.4 Turkey
    10.5 Saudi Arabia
    10.6 UAE
11 Key Players Profiles
    11.1 Accenture
        11.1.1 Accenture Company Detail
        11.1.2 Accenture Business Overview
        11.1.3 Accenture Insurance IT Spending Introduction
        11.1.4 Accenture Revenue in Insurance IT Spending Business (2017-2022)
        11.1.5 Accenture Recent Development
    11.2 CSC
        11.2.1 CSC Company Detail
        11.2.2 CSC Business Overview
        11.2.3 CSC Insurance IT Spending Introduction
        11.2.4 CSC Revenue in Insurance IT Spending Business (2017-2022)
        11.2.5 CSC Recent Development
    11.3 Fiserv
        11.3.1 Fiserv Company Detail
        11.3.2 Fiserv Business Overview
        11.3.3 Fiserv Insurance IT Spending Introduction
        11.3.4 Fiserv Revenue in Insurance IT Spending Business (2017-2022)
        11.3.5 Fiserv Recent Development
    11.4 Guidewire Software
        11.4.1 Guidewire Software Company Detail
        11.4.2 Guidewire Software Business Overview
        11.4.3 Guidewire Software Insurance IT Spending Introduction
        11.4.4 Guidewire Software Revenue in Insurance IT Spending Business (2017-2022)
        11.4.5 Guidewire Software Recent Development
    11.5 Oracle
        11.5.1 Oracle Company Detail
        11.5.2 Oracle Business Overview
        11.5.3 Oracle Insurance IT Spending Introduction
        11.5.4 Oracle Revenue in Insurance IT Spending Business (2017-2022)
        11.5.5 Oracle Recent Development
    11.6 Andesa
        11.6.1 Andesa Company Detail
        11.6.2 Andesa Business Overview
        11.6.3 Andesa Insurance IT Spending Introduction
        11.6.4 Andesa Revenue in Insurance IT Spending Business (2017-2022)
        11.6.5 Andesa Recent Development
    11.7 Cognizant
        11.7.1 Cognizant Company Detail
        11.7.2 Cognizant Business Overview
        11.7.3 Cognizant Insurance IT Spending Introduction
        11.7.4 Cognizant Revenue in Insurance IT Spending Business (2017-2022)
        11.7.5 Cognizant Recent Development
    11.8 EXL Service
        11.8.1 EXL Service Company Detail
        11.8.2 EXL Service Business Overview
        11.8.3 EXL Service Insurance IT Spending Introduction
        11.8.4 EXL Service Revenue in Insurance IT Spending Business (2017-2022)
        11.8.5 EXL Service Recent Development
    11.9 FIS
        11.9.1 FIS Company Detail
        11.9.2 FIS Business Overview
        11.9.3 FIS Insurance IT Spending Introduction
        11.9.4 FIS Revenue in Insurance IT Spending Business (2017-2022)
        11.9.5 FIS Recent Development
    11.10 Genpact
        11.10.1 Genpact Company Detail
        11.10.2 Genpact Business Overview
        11.10.3 Genpact Insurance IT Spending Introduction
        11.10.4 Genpact Revenue in Insurance IT Spending Business (2017-2022)
        11.10.5 Genpact Recent Development
    11.11 Majesco
        11.11.1 Majesco Company Detail
        11.11.2 Majesco Business Overview
        11.11.3 Majesco Insurance IT Spending Introduction
        11.11.4 Majesco Revenue in Insurance IT Spending Business (2017-2022)
        11.11.5 Majesco Recent Development
    11.12 Microsoft
        11.12.1 Microsoft Company Detail
        11.12.2 Microsoft Business Overview
        11.12.3 Microsoft Insurance IT Spending Introduction
        11.12.4 Microsoft Revenue in Insurance IT Spending Business (2017-2022)
        11.12.5 Microsoft Recent Development
    11.13 Pegasystems
        11.13.1 Pegasystems Company Detail
        11.13.2 Pegasystems Business Overview
        11.13.3 Pegasystems Insurance IT Spending Introduction
        11.13.4 Pegasystems Revenue in Insurance IT Spending Business (2017-2022)
        11.13.5 Pegasystems Recent Development
    11.14 SAP
        11.14.1 SAP Company Detail
        11.14.2 SAP Business Overview
        11.14.3 SAP Insurance IT Spending Introduction
        11.14.4 SAP Revenue in Insurance IT Spending Business (2017-2022)
        11.14.5 SAP Recent Development
    11.15 StoneRiver
        11.15.1 StoneRiver Company Detail
        11.15.2 StoneRiver Business Overview
        11.15.3 StoneRiver Insurance IT Spending Introduction
        11.15.4 StoneRiver Revenue in Insurance IT Spending Business (2017-2022)
        11.15.5 StoneRiver Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
    13.1 Research Methodology
        13.1.1 Methodology/Research Approach
        13.1.2 Data Source
    13.2 Disclaimer
    13.3 Author Details

List of Tables
    Table 1. Global Insurance IT Spending Market Size Growth Rate by Type (US$ Million): 2017 VS 2021 VS 2028
    Table 2. Key Players of Software Spending
    Table 3. Key Players of Hardware Spending
    Table 4. Key Players of IT Services Spending
    Table 5. Global Insurance IT Spending Market Size Growth by Application (US$ Million): 2017 VS 2021 VS 2028
    Table 6. Global Insurance IT Spending Market Size by Region (US$ Million): 2017 VS 2021 VS 2028
    Table 7. Global Insurance IT Spending Market Size by Region (2017-2022) & (US$ Million)
    Table 8. Global Insurance IT Spending Market Share by Region (2017-2022)
    Table 9. Global Insurance IT Spending Forecasted Market Size by Region (2023-2028) & (US$ Million)
    Table 10. Global Insurance IT Spending Market Share by Region (2023-2028)
    Table 11. Insurance IT Spending Market Trends
    Table 12. Insurance IT Spending Market Drivers
    Table 13. Insurance IT Spending Market Challenges
    Table 14. Insurance IT Spending Market Restraints
    Table 15. Global Insurance IT Spending Revenue by Players (2017-2022) & (US$ Million)
    Table 16. Global Insurance IT Spending Market Share by Players (2017-2022)
    Table 17. Global Top Insurance IT Spending Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Insurance IT Spending as of 2021)
    Table 18. Ranking of Global Top Insurance IT Spending Companies by Revenue (US$ Million) in 2021
    Table 19. Global 5 Largest Players Market Share by Insurance IT Spending Revenue (CR5 and HHI) & (2017-2022)
    Table 20. Key Players Headquarters and Area Served
    Table 21. Key Players Insurance IT Spending Product Solution and Service
    Table 22. Date of Enter into Insurance IT Spending Market
    Table 23. Mergers & Acquisitions, Expansion Plans
    Table 24. Global Insurance IT Spending Market Size by Type (2017-2022) & (US$ Million)
    Table 25. Global Insurance IT Spending Revenue Market Share by Type (2017-2022)
    Table 26. Global Insurance IT Spending Forecasted Market Size by Type (2023-2028) & (US$ Million)
    Table 27. Global Insurance IT Spending Revenue Market Share by Type (2023-2028)
    Table 28. Global Insurance IT Spending Market Size by Application (2017-2022) & (US$ Million)
    Table 29. Global Insurance IT Spending Revenue Market Share by Application (2017-2022)
    Table 30. Global Insurance IT Spending Forecasted Market Size by Application (2023-2028) & (US$ Million)
    Table 31. Global Insurance IT Spending Revenue Market Share by Application (2023-2028)
    Table 32. North America Insurance IT Spending Market Size by Country (2017-2022) & (US$ Million)
    Table 33. North America Insurance IT Spending Market Size by Country (2023-2028) & (US$ Million)
    Table 34. Europe Insurance IT Spending Market Size by Country (2017-2022) & (US$ Million)
    Table 35. Europe Insurance IT Spending Market Size by Country (2023-2028) & (US$ Million)
    Table 36. Asia-Pacific Insurance IT Spending Market Size by Region (2017-2022) & (US$ Million)
    Table 37. Asia-Pacific Insurance IT Spending Market Size by Region (2023-2028) & (US$ Million)
    Table 38. Latin America Insurance IT Spending Market Size by Country (2017-2022) & (US$ Million)
    Table 39. Latin America Insurance IT Spending Market Size by Country (2023-2028) & (US$ Million)
    Table 40. Middle East & Africa Insurance IT Spending Market Size by Country (2017-2022) & (US$ Million)
    Table 41. Middle East & Africa Insurance IT Spending Market Size by Country (2023-2028) & (US$ Million)
    Table 42. Accenture Company Detail
    Table 43. Accenture Business Overview
    Table 44. Accenture Insurance IT Spending Product
    Table 45. Accenture Revenue in Insurance IT Spending Business (2017-2022) & (US$ Million)
    Table 46. Accenture Recent Development
    Table 47. CSC Company Detail
    Table 48. CSC Business Overview
    Table 49. CSC Insurance IT Spending Product
    Table 50. CSC Revenue in Insurance IT Spending Business (2017-2022) & (US$ Million)
    Table 51. CSC Recent Development
    Table 52. Fiserv Company Detail
    Table 53. Fiserv Business Overview
    Table 54. Fiserv Insurance IT Spending Product
    Table 55. Fiserv Revenue in Insurance IT Spending Business (2017-2022) & (US$ Million)
    Table 56. Fiserv Recent Development
    Table 57. Guidewire Software Company Detail
    Table 58. Guidewire Software Business Overview
    Table 59. Guidewire Software Insurance IT Spending Product
    Table 60. Guidewire Software Revenue in Insurance IT Spending Business (2017-2022) & (US$ Million)
    Table 61. Guidewire Software Recent Development
    Table 62. Oracle Company Detail
    Table 63. Oracle Business Overview
    Table 64. Oracle Insurance IT Spending Product
    Table 65. Oracle Revenue in Insurance IT Spending Business (2017-2022) & (US$ Million)
    Table 66. Oracle Recent Development
    Table 67. Andesa Company Detail
    Table 68. Andesa Business Overview
    Table 69. Andesa Insurance IT Spending Product
    Table 70. Andesa Revenue in Insurance IT Spending Business (2017-2022) & (US$ Million)
    Table 71. Andesa Recent Development
    Table 72. Cognizant Company Detail
    Table 73. Cognizant Business Overview
    Table 74. Cognizant Insurance IT Spending Product
    Table 75. Cognizant Revenue in Insurance IT Spending Business (2017-2022) & (US$ Million)
    Table 76. Cognizant Recent Development
    Table 77. EXL Service Company Detail
    Table 78. EXL Service Business Overview
    Table 79. EXL Service Insurance IT Spending Product
    Table 80. EXL Service Revenue in Insurance IT Spending Business (2017-2022) & (US$ Million)
    Table 81. EXL Service Recent Development
    Table 82. FIS Company Detail
    Table 83. FIS Business Overview
    Table 84. FIS Insurance IT Spending Product
    Table 85. FIS Revenue in Insurance IT Spending Business (2017-2022) & (US$ Million)
    Table 86. FIS Recent Development
    Table 87. Genpact Company Detail
    Table 88. Genpact Business Overview
    Table 89. Genpact Insurance IT Spending Product
    Table 90. Genpact Revenue in Insurance IT Spending Business (2017-2022) & (US$ Million)
    Table 91. Genpact Recent Development
    Table 92. Majesco Company Detail
    Table 93. Majesco Business Overview
    Table 94. Majesco Insurance IT SpendingProduct
    Table 95. Majesco Revenue in Insurance IT Spending Business (2017-2022) & (US$ Million)
    Table 96. Majesco Recent Development
    Table 97. Microsoft Company Detail
    Table 98. Microsoft Business Overview
    Table 99. Microsoft Insurance IT SpendingProduct
    Table 100. Microsoft Revenue in Insurance IT Spending Business (2017-2022) & (US$ Million)
    Table 101. Microsoft Recent Development
    Table 102. Pegasystems Company Detail
    Table 103. Pegasystems Business Overview
    Table 104. Pegasystems Insurance IT SpendingProduct
    Table 105. Pegasystems Revenue in Insurance IT Spending Business (2017-2022) & (US$ Million)
    Table 106. Pegasystems Recent Development
    Table 107. SAP Company Detail
    Table 108. SAP Business Overview
    Table 109. SAP Insurance IT SpendingProduct
    Table 110. SAP Revenue in Insurance IT Spending Business (2017-2022) & (US$ Million)
    Table 111. SAP Recent Development
    Table 112. StoneRiver Company Detail
    Table 113. StoneRiver Business Overview
    Table 114. StoneRiver Insurance IT SpendingProduct
    Table 115. StoneRiver Revenue in Insurance IT Spending Business (2017-2022) & (US$ Million)
    Table 116. StoneRiver Recent Development
    Table 117. Research Programs/Design for This Report
    Table 118. Key Data Information from Secondary Sources
    Table 119. Key Data Information from Primary Sources
List of Figures
    Figure 1. Global Insurance IT Spending Market Share by Type: 2021 VS 2028
    Figure 2. Software Spending Features
    Figure 3. Hardware Spending Features
    Figure 4. IT Services Spending Features
    Figure 5. Global Insurance IT Spending Market Share by Application in 2021 & 2028
    Figure 6. Accident and Health Case Studies
    Figure 7. Life and Annuity Case Studies
    Figure 8. Reinsurance Case Studies
    Figure 9. Commercial Property/Casualty Case Studies
    Figure 10. Personal Property/Casualty Case Studies
    Figure 11. Enterprise Utilities Case Studies
    Figure 12. Others Case Studies
    Figure 13. Insurance IT Spending Report Years Considered
    Figure 14. Global Insurance IT Spending Market Size (US$ Million), Year-over-Year: 2017-2028
    Figure 15. Global Insurance IT Spending Market Size, (US$ Million), 2017 VS 2021 VS 2028
    Figure 16. Global Insurance IT Spending Market Share by Region: 2021 VS 2028
    Figure 17. Global Insurance IT Spending Market Share by Players in 2021
    Figure 18. Global Top Insurance IT Spending Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Insurance IT Spending as of 2021)
    Figure 19. The Top 10 and 5 Players Market Share by Insurance IT Spending Revenue in 2021
    Figure 20. North America Insurance IT Spending Market Size YoY Growth (2017-2028) & (US$ Million)
    Figure 21. North America Insurance IT Spending Market Share by Country (2017-2028)
    Figure 22. United States Insurance IT Spending Market Size YoY Growth (2017-2028) & (US$ Million)
    Figure 23. Canada Insurance IT Spending Market Size YoY Growth (2017-2028) & (US$ Million)
    Figure 24. Europe Insurance IT Spending Market Size YoY Growth (2017-2028) & (US$ Million)
    Figure 25. Europe Insurance IT Spending Market Share by Country (2017-2028)
    Figure 26. Germany Insurance IT Spending Market Size YoY Growth (2017-2028) & (US$ Million)
    Figure 27. France Insurance IT Spending Market Size YoY Growth (2017-2028) & (US$ Million)
    Figure 28. U.K. Insurance IT Spending Market Size YoY Growth (2017-2028) & (US$ Million)
    Figure 29. Italy Insurance IT Spending Market Size YoY Growth (2017-2028) & (US$ Million)
    Figure 30. Russia Insurance IT Spending Market Size YoY Growth (2017-2028) & (US$ Million)
    Figure 31. Nordic Countries Insurance IT Spending Market Size YoY Growth (2017-2028) & (US$ Million)
    Figure 32. Asia-Pacific Insurance IT Spending Market Size YoY Growth (2017-2028) & (US$ Million)
    Figure 33. Asia-Pacific Insurance IT Spending Market Share by Region (2017-2028)
    Figure 34. China Insurance IT Spending Market Size YoY Growth (2017-2028) & (US$ Million)
    Figure 35. Japan Insurance IT Spending Market Size YoY Growth (2017-2028) & (US$ Million)
    Figure 36. South Korea Insurance IT Spending Market Size YoY Growth (2017-2028) & (US$ Million)
    Figure 37. Southeast Asia Insurance IT Spending Market Size YoY Growth (2017-2028) & (US$ Million)
    Figure 38. India Insurance IT Spending Market Size YoY Growth (2017-2028) & (US$ Million)
    Figure 39. Australia Insurance IT Spending Market Size YoY Growth (2017-2028) & (US$ Million)
    Figure 40. Latin America Insurance IT Spending Market Size YoY Growth (2017-2028) & (US$ Million)
    Figure 41. Latin America Insurance IT Spending Market Share by Country (2017-2028)
    Figure 42. Mexico Insurance IT Spending Market Size YoY Growth (2017-2028) & (US$ Million)
    Figure 43. Brazil Insurance IT Spending Market Size YoY Growth (2017-2028) & (US$ Million)
    Figure 44. Middle East & Africa Insurance IT Spending Market Size YoY Growth (2017-2028) & (US$ Million)
    Figure 45. Middle East & Africa Insurance IT Spending Market Share by Country (2017-2028)
    Figure 46. Turkey Insurance IT Spending Market Size YoY Growth (2017-2028) & (US$ Million)
    Figure 47. Saudi Arabia Insurance IT Spending Market Size YoY Growth (2017-2028) & (US$ Million)
    Figure 48. Accenture Revenue Growth Rate in Insurance IT Spending Business (2017-2022)
    Figure 49. CSC Revenue Growth Rate in Insurance IT Spending Business (2017-2022)
    Figure 50. Fiserv Revenue Growth Rate in Insurance IT Spending Business (2017-2022)
    Figure 51. Guidewire Software Revenue Growth Rate in Insurance IT Spending Business (2017-2022)
    Figure 52. Oracle Revenue Growth Rate in Insurance IT Spending Business (2017-2022)
    Figure 53. Andesa Revenue Growth Rate in Insurance IT Spending Business (2017-2022)
    Figure 54. Cognizant Revenue Growth Rate in Insurance IT Spending Business (2017-2022)
    Figure 55. EXL Service Revenue Growth Rate in Insurance IT Spending Business (2017-2022)
    Figure 56. FIS Revenue Growth Rate in Insurance IT Spending Business (2017-2022)
    Figure 57. Genpact Revenue Growth Rate in Insurance IT Spending Business (2017-2022)
    Figure 58. Majesco Revenue Growth Rate in Insurance IT Spending Business (2017-2022)
    Figure 59. Microsoft Revenue Growth Rate in Insurance IT Spending Business (2017-2022)
    Figure 60. Pegasystems Revenue Growth Rate in Insurance IT Spending Business (2017-2022)
    Figure 61. SAP Revenue Growth Rate in Insurance IT Spending Business (2017-2022)
    Figure 62. StoneRiver Revenue Growth Rate in Insurance IT Spending Business (2017-2022)
    Figure 63. Bottom-up and Top-down Approaches for This Report
    Figure 64. Data Triangulation
    Figure 65. Key Executives Interviewed
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Companies Included in Reports:
Accenture
CSC
Fiserv
Guidewire Software
Oracle
Andesa
Cognizant
EXL Service
FIS
Genpact
Majesco
Microsoft
Pegasystems
SAP
StoneRiver
Frequently Asked Questions
Insurance IT Spending report offers great insights of the market and consumer data and their interpretation through various figures and graphs. Report has embedded global market and regional market deep analysis through various research methodologies. The report also offers great competitor analysis of the industries and highlights the key aspect of their business like success stories, market development and growth rate.
Insurance IT Spending report is categorised based on following features:
  1. Global Market Players
  2. Geopolitical regions
  3. Consumer Insights
  4. Technological advancement
  5. Historic and Future Analysis of the Market
Insurance IT Spending report is designed on the six basic aspects of analysing the market, which covers the SWOT and SWAR analysis like strength, weakness, opportunity, threat, aspirations and results. This methodology helps investors to reach on to the desired and correct decision to put their capital into the market.

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