Global Insurance Business Process Outsourcing (BPO) Report 2024: Market to Grow by $1.78 Billion During 2023-2028, Driven by AI, IoT, and Cloud-based Services

Dublin, April 03, 2024 (GLOBE NEWSWIRE) -- The "Global Insurance Business Process Outsourcing (BPO) Market 2024-2028" report has been added to's offering.

The Insurance Business Process Outsourcing (BPO) market is forecasted to grow by USD 1.78 bn during 2023-2028, accelerating at a CAGR of 4.97%

This study identifies the emerging digital technologies across areas such as AI, IoT, and robotics as one of the prime reasons driving the insurance business process outsourcing (BPO) market growth during the next few years.

The market is driven by growing adoption of cloud-based services in insurance sector, increasing demand for cost-effective operations in insurance field, and improving customer satisfaction in insurance bpo market. Also, growing investment in distributed infrastructure, virtual operations, and risk management systems and rising demand for blockchain technology in the insurance BPO sector will lead to sizable demand in the market.

The report on the insurance business process outsourcing (BPO) market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading insurance business process outsourcing (BPO) market vendors. Also, the insurance business process outsourcing (BPO) market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

Market Positioning of Vendors

  • Accenture Plc
  • Capgemini Service SAS
  • Cogneesol BPO Pvt. Ltd.
  • Cognizant Technology Solutions Corp.
  • Dell Technologies Inc.
  • DXC Technology Co.
  • ExlService Holdings Inc.
  • Genpact Ltd.
  • HCL Technologies Ltd.
  • Hinduja Global Solutions Ltd.
  • Infosys Ltd.
  • Invensis Technologies Pvt Ltd.
  • Marco Capital
  • Mphasis Ltd.
  • Rely Services
  • Solartis LLC
  • Tata Consultancy Services Ltd.
  • Wipro Ltd.
  • WNS Holdings Ltd.
  • Mahindra and Mahindra Ltd.

Key Topics Covered:

1 Executive Summary
1.1 Market overview

2 Market Landscape
2.1 Market ecosystem

3 Market Sizing
3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028

4 Historic Market Size
4.1 Global insurance business process outsourcing (BPO) market 2018 - 2022
4.2 Application Segment Analysis 2018 - 2022
4.3 End-user Segment Analysis 2018 - 2022
4.4 Geography Segment Analysis 2018 - 2022
4.5 Country Segment Analysis 2018 - 2022

5 Five Forces Analysis
5.1 Five forces summary
5.2 Bargaining power of buyers
5.3 Bargaining power of suppliers
5.4 Threat of new entrants
5.5 Threat of substitutes
5.6 Threat of rivalry
5.7 Market condition

6 Market Segmentation by Application
6.1 Market segments
6.2 Comparison by Application
6.3 Life and pension - Market size and forecast 2023-2028
6.4 Property and casualty - Market size and forecast 2023-2028
6.5 Market opportunity by Application

7 Market Segmentation by End-user
7.1 Market segments
7.2 Comparison by End-user
7.3 Large enterprises - Market size and forecast 2023-2028
7.4 Small and medium enterprises - Market size and forecast 2023-2028
7.5 Market opportunity by End-user

8 Customer Landscape
8.1 Customer landscape overview

9 Geographic Landscape
9.1 Geographic segmentation
9.2 Geographic comparison

10 Drivers, Challenges, and Trends
10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
10.4 Market trends

11 Vendor Landscape
11.1 Overview
11.2 Vendor landscape
11.3 Landscape disruption
11.4 Industry risks

12 Vendor Analysis

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