An international Artificial Intelligence (AI) in Insurance market research report delivers widespread analysis of the market structure along with the estimations of the various segments and sub-segments of the market. This industry report also contains detailed profiles of market’s major manufacturers and importers who are dominating the market. Furthermore, the statistical and numerical data such as facts and figures are represented very precisely in the market report by using charts, tables, or graphs. The transformation in market landscape is mainly observed due to the moves of key players or brands which include developments, product launches, joint ventures, mergers, and acquisitions that in turn change the view of the global face of the industry.
Data Bridge Market Research analyses that the artificial intelligence (AI) in insurance market was valued at USD 3.64 billion in 2022 and is expected to reach the value of USD 35.77 billion by 2030, at a CAGR of 33.06% during the forecast period.
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Market Overview:
Artificial intelligence (AI) will transfigure the insurance industry. Artificial intelligence (AI) technologies such as machine vision, natural language processing (NLP), machine learning and deep learning and robotic automation have potential to reimagine the overall insurance lifecycle from customer procurement to claims processing.
Some of the major players operating in the artificial intelligence (AI) in insurance market are:
- Microsoft (U.S.)
- Infosys Limited (India)
- Tractable Ltd (U.S.)
- Insurify, Inc. (U.S.)
- Slice Insurance Technologies Inc., (U.S.)
- Google (U.S.)
- Oracle (U.S.)
- Amazon Web Services Inc. (U.S.)
- IBM (U.S.)
- Avaamo (U.S.)
- Cape Analytics (U.S.)
Artificial Intelligence (AI) in Insurance Market Regional Analysis/Insights
The artificial intelligence (AI) in insurance market is analyzed and market size insights and trends are provided by country, component, technology, deployment model, enterprises size, application and sector as referenced above.
The countries covered in the artificial intelligence (AI) in insurance market report are 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.
North America dominates the artificial intelligence (AI) in insurance market in terms of revenue and market share due to the increasing adoption of new technologies to numerous AI solution providers in the region.
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