PriyaPatel
TLDR:
- The global digital insurance platform market is expected to reach $140.81 billion in 2024 with a CAGR of 13.2%.
- The market is projected to grow to $231.89 billion by 2028, driven by factors such as customer engagement, usage-based insurance models, and technological advancements.
Key Elements of the Article:
The digital insurance platform market has experienced significant growth, attributed to increasing customer demand for seamless digital experiences, regulatory changes, and globalization of insurance services. Key factors driving future growth include customer engagement, usage-based insurance models, digital ecosystems expansion, and climate and environmental risk focus. Major players in the market include IBM, Microsoft, Infosys, and Pegasystems, investing in cutting-edge technologies like AI, machine learning, and blockchain. North America leads the market, with Asia-Pacific expected to be the fastest-growing region. The report provides detailed insights, trends, and forecasts for the digital insurance platform market.
