BFSI & Financial Services · Indirect
Monitoring · monthlyProcurement Category Intelligence
Insurance Policy Administration Software
Overview
Market size
$13.5B
global, USD
CAGR
8.3%
base to forecast
Buyer power
-1.8
supplier-favoured
Suppliers
6
tracked players
Signals
12
monitored
Market outlook
2031$20.1B
What changed
Demand by region
North America demand38%
Europe demand30%
Asia-Pacific demand22%
Rest of world demand10%
share of global demandtotal 100%
Cost drivers
Software engineering and R&D talent45%
Cloud infrastructure and hosting20%
Customer support and implementation services20%
Sales, marketing and administrative overhead15%
share of delivered cost (analyst estimate)