The Global Artificial Intelligence (AI) in Insurance Market is Projected to Grow at a CAGR of 24.05% During the Forecast Period

The Global Artificial Intelligence (AI) In Insurance Market is estimated to exhibit a CAGR of 24.05% during the forecast period of 2021-2028 and will reach at an estimated value of 6.92 billion by 2028. The growing need to offer personalized insurance services has been directly influencing the growth of artificial intelligence (AI) in insurance market.

However, the lack of skilled employees, high risks related to data leaks and security breaches will challenge the artificial intelligence (AI) in insurance market growth

Global Artificial Intelligence (AI) in Insurance Market

According to Data Bridge Market Research, the artificial intelligence (AI) in insurance market will exhibit a significant rise in its market value. Increasing need to automate the operational process and rising volume and speed of data generation and strong presence of highly skilled workforce in enterprises are responsible for the growth of artificial intelligence (AI) in insurance market.

Currently, North America will dominate the global artificial intelligence (AI) in insurance market owing to the early adoption of new technologies and hub to several AI solution providers in the region.

Now the question is which are the other regions that the artificial intelligence (AI) in insurance market is targeting? Data Bridge Market Research has estimated a large growth in Asia-Pacific owing to the rising government initiatives supporting digitalization and increasing investments on advanced technologies such as AI and IoT are raising the demand for AI across the insurance industry within this region.

For more analysis on the global artificial intelligence (AI) in insurance market request for a briefing with our analysts, https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-artificial-intelligence-ai-in-insurance-market                  

Scope of the Artificial Intelligence (AI) in Insurance Market

The global artificial intelligence (AI) in insurance market is segmented on the basis of countries into U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

  • All country based analysis of artificial intelligence (AI) in insurance market is further analysed based on maximum granularity into further segmentation. The market is also segmented on the component into hardware, software and services. On the basis of technology, the artificial intelligence (AI) in insurance market is segmented into machine learning and deep learning, natural language processing (NLP), machine vision and robotic automation. On the basis of deployment model, the artificial intelligence (AI) in insurance market is segmented into on-premises and cloud. The artificial intelligence (AI) in insurance market is segmented on the basis of application into claims management, risk management and compliance, chatbots and others. On the basis of sector, the artificial intelligence (AI) in insurance market is segmented into life insurance, health insurance, title insurance, auto insurance and others.
  • Artificial intelligence technologies such as machine learning and deep learning, machine vision, and robotic automation have the potential to reimagine the complete insurance lifecycle. Artificial intelligence is transforming the insurance industry.

To know more about the study, https://www.databridgemarketresearch.com/reports/global-artificial-intelligence-ai-in-insurance-market

Key Pointers Covered in the Artificial Intelligence (AI) in Insurance Market Industry Trends and Forecast to 2028

  • Market Size
  • Market New Sales Volumes
  • Market Replacement Sales Volumes
  • Market By Brands
  • Market Procedure Volumes
  • Market Product Price Analysis
  • Regulatory Framework and Changes
  • Prices and Reimbursement Analysis
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Market Upcoming Applications
  • Market Innovators Study

Key Market Competitors Covered in Artificial Intelligence (AI) in Insurance Market report

  • IBM
  •  Microsoft
  •  Amazon Web Services Inc.
  •  Avaamo
  •  Oracle
  •  Cape Analytics, LLC
  •  Wipro Limited
  •  Acko General Insurance
  •  Shift Technology
  •  Quantemplate
  •  Zurich, Lemonade
  •  Trōv, Inc.
  •  Slice Insurance Technologies Inc.
  •  Insurify, Inc.
  •  Insurmi
  •  Planck Resolution LTD.
  •  Tractable Ltd.
  •  Google
  •  Infosys Limited

Above are the key players covered in the report, to know about more and exhaustive list of artificial intelligence (AI) in insurance market companies contact, https://www.databridgemarketresearch.com/toc/?dbmr=global-artificial-intelligence-ai-in-insurance-market

Research Methodology: Global Artificial Intelligence (AI) in Insurance Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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