Big Data in the Insurance Market 2018-2030: Industry Analysis, Companies, Study, Opportunities, Challenges, Strategies and Forecasts – ARCognizance

Arcognizance.com advanced market research report on "Big Data in the Insurance Market: 2018-2030” to its massive collection of research reports.

Manhattan, United States - September 4, 2018 /MarketersMedia/ —

Meticulous analysis of the “Big Data in the Insurance Industry: 2018-2030-Opportunities, Challenges, Strategies and Forecasts” helps to appreciate the various types of products that are currently in use, along with the variants that would gain prominence in the future. This report will help the viewer in Better Decision Making.

“Big Data” originally emerged as a term to describe datasets whose size is beyond the ability of traditional databases to capture, store, manage and analyze. However, the scope of the term has significantly expanded over the years. Big Data not only refers to the data itself but also a set of technologies that capture, store, manage and analyze large and variable collections of data, to solve complex problems.

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List of Companies Mentioned:
1010data, Absolutdata, Accenture, Actian Corporation, Adaptive Insights, Adobe Systems, Advizor Solutions, Aegon, AeroSpike, Aetna, AFS Technologies, Alation, Algorithmia, Allianz Group, Allstate Corporation, Alluxio, Alphabet, ALTEN, Alteryx, AMD (Advanced Micro Devices), Anaconda, Apixio, Arcadia Data, Arimo, Arity, ARM, ASF (Apache Software Foundation), Atidot, AtScale, Attivio, Attunity, Automated Insights, etc,…

Researchers estimates that Big Data investments in the insurance industry will account for more than $2.4 Billion in 2018 alone.

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Topics Covered:
1. Big Data ecosystem
2. Market drivers and barriers
3. Enabling technologies, standardization and regulatory initiatives
4. Big Data analytics and implementation models
5. Business case, application areas and use cases in the insurance industry
6. 20 case studies of Big Data investments by insurers, reinsurers, InsurTech specialists and other stakeholders in the insurance industry
7. Future roadmap and value chain
8. Profiles and strategies of over 270 leading and emerging Big Data ecosystem players
9. Strategic recommendations for Big Data vendors and insurance industry stakeholders
10. Market analysis and forecasts from 2018 till 2030

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The “Big Data in the Insurance Industry: 2018 – 2030 – Opportunities, Challenges, Strategies & Forecasts” report presents an in-depth assessment of Big Data in the insurance industry including key market drivers, challenges, investment potential, application areas, use cases, future roadmap, value chain, case studies, vendor profiles and strategies. The forecasts are segmented for 8 horizontal submarkets, 8 application areas, 9 use cases, 6 regions and 35 countries.

Forecast Segmentation:
• Hardware, Software & Professional Services:
Hardware, Software and Professional Services.
• Horizontal Submarkets:
Storage & Compute Infrastructure, Networking Infrastructure, Hadoop & Infrastructure Software, SQL, NoSQL, Analytic Platforms & Applications, Cloud Platforms and Professional Services.
• Application Areas:
Auto Insurance, Property & Casualty Insurance, Life Insurance, Health Insurance, Multi-Line Insurance, Other Forms of Insurance, Reinsurance and Insurance Broking.
• Use Cases;
Personalized & Targeted Marketing, Customer Service & Experience, Product Innovation & Development, Risk Awareness & Control, Policy Administration, Pricing & Underwriting, Claims Processing & Management, Fraud Detection & Prevention, Usage & Analytics-Based Insurance and Other Use Cases.
• Regional Markets:
Asia Pacific, Eastern Europe, Latin & Central America, Middle East & Africa, North America and Western Europe.
• Country Markets:
Argentina, Australia, Brazil, Canada, China, Czech Republic, Denmark, Finland, France, Germany, India, Indonesia, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, Norway, Pakistan, Philippines, Poland, Qatar, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Taiwan, Thailand, UAE, UK, USA

Key Questions Answered:
• The report provides answers to the following key questions:
• How big is the Big Data opportunity in the insurance industry?
• How is the market evolving by segment and region?
• What will the market size be in 2021, and at what rate will it grow?
• What trends, challenges and barriers are influencing its growth?
• Who are the key Big Data software, hardware and services vendors, and what are their strategies?
...continued

Key Findings:
1. In 2018, Big Data vendors will pocket more than $2.4 Billion from hardware, software and professional services revenues in the insurance industry. These investments are further expected to grow at a CAGR of approximately 14% over the next three years, eventually accounting for nearly $3.6 Billion by the end of 2021.
2. Through the use of Big Data technologies, insurers and other stakeholders are beginning to exploit their data assets in a number of innovative ways ranging from targeted marketing and personalized products to usage-based insurance, efficient claims processing, proactive fraud detection and beyond.
...continued

Major Points from TOC:
Chapter 1: Introduction
Chapter 2: An Overview of Big Data
Chapter 3: Big Data Analytics
Chapter 4: Business Case & Applications in the Insurance Industry
Chapter 5: Insurance Industry Case Studies
Chapter 6: Future Roadmap & Value Chain
Chapter 7: Standardization & Regulatory Initiatives
Chapter 8: Market Sizing & Forecasts
Chapter 9: Vendor Landscape
Chapter 10: Conclusion & Strategic Recommendations

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