Global Digital Insurance Platform Market to Reach $186.4 Billion by 2027

New York – Complimentary updates for one year global Digital Insurance Platform Market to Reach $186.4 Billion by 2027

In the changed post-COVID-19 business landscape, the global market for Digital Insurance Platform estimated at US$102.2 Billion in the year 2020, is projected to reach a revised size of US$186.4 Billion by 2027, growing at a CAGR of 9% over the period 2020-2027. Services, one of the segments analyzed in the report, is projected to record 9.3% CAGR and reach US$132.7 Billion by the end of the analysis period. Taking into account the ongoing post-pandemic recovery, growth in the Tools segment is readjusted to a revised 8.1% CAGR for the next 7-year period.
The U.S. Market is Estimated at $32.4 Billion, While China is Forecast to Grow at 11.4% CAGR
The Digital Insurance Platform market in the U.S. is estimated at US$32.4 Billion in the year 2020. China, the world`s second-largest economy, is forecast to reach a projected market size of US$23.6 Billion by the year 2027 trailing a CAGR of 11.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.5% and 7.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 8.5% CAGR.

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Source: ReportLinker

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