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According to the Regional Research Reports, the Global Insurance Brokers Software Market size was estimated at USD 8,866.7 million in 2021 and expected to reach USD 23,457.1 million by 2030, at a CAGR 13.13% during the forecast period.
Insurance Brokerage demands to multitask. Brokers and MGAs need to keep a tab on multiple things such as maintaining individual client/sales records and capturing client policy details like effective/renewal date, policy period, premium, plan, and carrier. These manual processes trade-off the time and effort required for converting leads to clients and staying abreast of sales figures.
Global Insurance Brokerage Software Market Segmentation
Regional Research Reports has segmented the global insurance brokerage software market based on deployment type and application at a regional and global level. Geographically, the research report has considered the five regions: North America, Europe, Asia Pacific, South America, and the Middle East & Africa. Moreover, the research study focuses on the market analysis of the tier-1 countries, such as the USA, China, Germany, India, the UK, Japan, France, Italy, Spain, Russia, South Korea, and other territories.
Global Insurance Brokerage Software Market Analysis by Deployment Type
- Software as a Service
- Platform as a Service
- Infrastructure as a Service
- On-premise
Global Insurance Brokerage Software Market Analysis by Application
- SMEs
- Large Enterprises
Global Insurance Brokerage Software Market Growth, by Region and Country, 2018-2021, 2022-2030 (US$ Millions)
Global Insurance Brokerage Software Market Analysis by Region and Country
- North America (US, Canada, Mexico)
- Europe (Germany, UK, France, Italy, Spain, Russia, Switzerland, Poland, Belgium, the Netherlands, Norway, Sweden, Czech Republic, Slovakia, Slovenia, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Thailand, Malaysia, Vietnam, Singapore, Australia & New Zealand, Rest of Asia Pacific)
- South America (Brazil, Argentina, Peru, Colombia, Rest of South America)
- The Middle East & Africa (UAE, Saudi Arabia, South Africa, Egypt, Qatar, Northern Africa, Rest of MEA)
Global Insurance Brokerage Software Market Competitive: Key Players
The report includes a comprehensive analysis of leading market players, such as:
- Key companies Insurance Brokerage Software revenues in global market, 2018-2021 (Estimated), (US$ Millions)
- Key companies Insurance Brokerage Software revenues market share in global market, 2021 (%)
- Key companies Insurance Brokerage Software sold in the global market, 2018-2021 (Estimated)
Leading Insurance Brokerage Software Manufacturers –
- Bitrix
- PhoneBurner
- AgencyBloc
- Applied Systems
- NowCerts
- Rocket Referrals
- ACAExpress
- Snappii Apps
- HawkSoft
- Indio Technologies
- A1 Enterprise
- Jenesis Software
- AmbiCom
- Applied Systems
- EZLynx
- North American Software Associates
- FreeAgent Network
- Ytel
- Mandon Software
- Insly
- Sentry IMS
- VRC Insurance Systems
- QQ Solutions
- Agency Matrix
- TechCanary
- Surefyre Systems
(Note: The list of the key market players can be updated with the latest market scenario and trends)
Insurance Brokerage Software Market Report Covers Details Analysis On:
- Market Segmentation & Regional Analysis
- Market Size of 10 years
- Pricing Analysis
- Supply & Demand Analysis
- Product Life Cycle Analysis
- Porter's Five Forces & Value/Supply Chain Analysis
- Developed & Emerging Economies Analysis
- PESTEL Analysis
- Market and Forecast Factor Analysis
- Market Opportunities, Risks, & Trends
- Conclusion & Recommendation
- Regulatory Landscape
- Patent Analysis
- Competition Landscape
- 15+ Company Profiles
Insurance Brokerage Software Market Research Methodology
The report is based on analysis through extensive secondary research and primary Interviews.
The secondary data sources include the company website, annual reports, investor presentations, press releases, white papers, journals, certified publications, government websites, and articles from the industry.
Similarly following is the list of a few paid secondary sources/databases,
- Factiva
- Statista
- D&B Hoovers
- Owler
- Enlyft
- HG Insights
- Bloomberg
- Crunchbase
The primary sources include CXOs, VPs, directors, technology & innovation directors, product managers, and related executives from key organizations from both the supply and demand sides. Similarly, we have also interviewed various end user organizations. We cannot reveal the end-user organizations due to non-disclosure agreements.
For instance, the region forecast is based on extensive secondary research and primary Interviews. We have conducted primary interviews across the regions to get more region-specific insights. Additionally, primary interviews were conducted with independent consultants and subject matter experts in respective regions. These experts were interviewed to obtain qualitative and quantitative information related to the market and validate the research findings and estimations. The primary and secondary data inputs referred for triangulation and forecast for the region segment are as follows,
- Top Player's historic revenues and Year on Year Growth
- Top Players' regional presence and revenue patterns
- Recent Developments and strategies of vendors and end users (E.g., Mergers & Acquisitions, Partnerships, New Product Launch, and others)
- R&D Investments & Innovation Landscape
- Start-up Ecosystem and Funding Initiatives
- Regulatory Environment and Implications (Country or region Specific)
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