The global insurance BPO services market is poised for substantial growth during the forecast period, with an anticipated annual growth rate of 6.2%. By 2032, the market is projected to reach a value of $31,569.1 million. This growth is driven by various factors, including the increasing significance of insurance BPO services, rising contract values of insurance BPO providers, growing digitalization, and the demand for high-quality services at a lower cost. Additionally, the adoption of cloud-based solutions, the increasing demand for specialized solutions by BPOs, and the rising customer demand for best-in-class insurance services contribute to the market’s growth.
Report Overview:
This comprehensive 170-page report, titled “Global Insurance BPO Services Market 2022-2032,” provides an extensive analysis of the entire global insurance BPO services market and its sub-segments. The report incorporates profound analysis and assessment derived from premium primary and secondary information sources. Inputs from industry professionals across the value chain have been extensively utilized. The research is based on studies conducted between 2020 and 2022, with a forecast period from 2023 to 2032, using 2022 as the base year. (Note: The report will be updated before delivery to ensure the latest historical year is used as the base year, and the forecast covers at least 5 years beyond the base year.)
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Key Highlights:
- Market Structure
- Growth Drivers
- Restraints and Challenges
- Emerging Product Trends & Market Opportunities
Competitive Landscape:
- Accenture PLC
- Cogneesol
- Cognizant Technology Solutions Corporation
- Dell Technologies, Inc.
- DXC Technology Company
- EXL Service Holdings, Inc.
- Genpact Limited
- HCL Technologies Limited
- Infosys Limited
- Mphasis Limited
- Syntel
- Water Street Company
- Wipro Limited
- WNS Global Services Private Limited
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Segmentation Analysis:
Service Type:
- Human Resource Outsourcing Services
- IT Services
- Underwriting Services
- Customer Care Services
- Finance and Accounting Services
Insurance Type:
- Life and Annuity Insurance
- Property and Casualty Insurance
Operation:
- Claims Management
- Administration
- Asset Management
- Development
- Marketing
- Other Operations
Deployment Type:
- On-Premises
- Cloud-based
Application:
- BFSI
- Healthcare
- Manufacturing
- Retail
- IT & Telecom
- Other Applications
Organization Size:
- Small and Medium-Sized Enterprises (SMEs)
- Large Enterprises
Geographical Analysis:
- North America (U.S., Canada, Mexico)
- Europe (Germany, UK, France, Spain, Italy, Netherlands, Rest of Europe)
- APAC (Japan, China, South Korea, Australia, India, Rest of APAC)
- South America (Brazil, Chile, Argentina, Rest of South America)
- MEA (UAE, Saudi Arabia, South Africa, Rest of MEA)
For each region and country, the report provides detailed analysis and data for annual revenue ($ mn) from 2022 to 2032. The breakdown of regional markets by country and the split of each national market by Service Type, Insurance Type, and Application over the forecast years are also included.
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