Digital Insurance Platform Market Revenue Analysis & Region and Country Forecast To 2026

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Digital Insurance Platform Market Revenue Analysis & Region and Country Forecast To 2026

 

The global Digital Insurance Platform Market is forecast to reach USD 262.34 Billion by 2026, according to a new report by Reports and Data. The impact of digital transformation on the insurance companies is significantly boosting the digital insurance adoption trend. Change in customer experience is also encouraging companies to build and deliver advanced technology integrated solutions.

Insurance companies are trying to reduce the cost of the insurance process by adopting digital insurance platform technology. Factors such as enhanced management, new sales channel, effective monitoring, accessibility, and control of insurance policies are propelling the market growth.

These platforms also provide a portal that offers customers easy and remote access to their databases. Many companies that offer digital insurance policies emphasize on delivering customized solutions along with end-to-end digital integration of business operations, application, and third-party services.

The Asia Pacific region is forecasted to grow with the highest CAGR of 14.2% during the forecast period. The rapid expansion of the automotive sector, a growing number of MNCs and digitalization of the region is expected to boost the market in the region. The automotive sector in APAC is forecasted to generate a revenue of USD 18.44 Billion in the year 2026 followed closely by the business and enterprises sector which is forecasted to generate a revenue of USD 13.17 Billion in the year 2026.

Major players in the market include Amcor plc, Berry Global, Inc., DuPont de Nemours, Inc., WestRock Company, Mitsubishi Chemical Holdings, Placon Corporation, Sonoco Products Company, Technipaq Inc., Constantia Flexibles, and Plastic Ingenuity.

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Some Key Highlights From the Report

In June 2021, Amcor launched dual chamber pouch in Europe for drug and medical device combination packaging. The Dual Chamber Pouch (DCP) of Amcor has already been tested and commercialized in the U.S. The new packaging solution is expected to support healthcare customers in meeting the complex requirements of Digital Insurance Platform. It utilizes a high strength foil laminate that protects contents from moisture, light, and oxygen ingress to support drug efficacy and extend shelf life.

Segments Covered in the report:

This report forecasts revenue growth at a global, regional country level, and provides an analysis of the industry trends in each of the sub-segments from 2016 to 2026. For the purpose of this report, Reports and Data have segmented into the global Digital Insurance Platform market on the basis of services, deployment type, organization size, end-user, applications, and region:

Services Outlook (Revenue, USD Billion; 2016-2026)

  • Managed Services
  • Professional Services

Deployment Type Outlook (Revenue, USD Billion; 2016-2026)

  • Cloud
  • On-Premises

Organization Size Outlook (Revenue, USD Billion; 2016-2026)

  • Small and Medium-Sized Enterprises
  • Large Enterprises

End-User Outlook (Revenue, USD Billion; 2016-2026)

  • Insurance Companies
  • Third-Party Administrators
  • Aggregators

Application Outlook (Revenue, USD Billion; 2016-2026)

  • Automotive and Transportation
  • Home and Commercial Buildings
  • Life and Health
  • Business and Enterprise
  • Consumer Electronics and Industrial Machines
  • Travel
  • Others

Regional Outlook (Revenue, USD Billion; 2016-2026)

  • North America
  • S.

Europe

  • UK
  • France

Asia Pacific

  • China
  • India
  • Japan
  • MEA
  • Latin America
  • Brazil

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Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.

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