Global Digital Insurance Platform Market Trends, Key Players, DROT, Analysis & Forecast till 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
·
U.S.
Europe
·
UK
·
France
Asia Pacific
·
China
·
India
·
Japan
·
MEA
·
Latin America
·
Brazil
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