Insurance IT Spending Market in India 2015-2019

Nov, 2015   |   76  Pages   |   Technavio-Infiniti Research   |   Format : PDF
About insurance

The insurance sector in India is expected to experience significant growth during the forecast period. However, it is moderately dependent on the recovery from recent recessions and economic crises. In addition, increased competition has pressurized insurers, challenging their investment strategy, existing business models and processes, product mixture, and operating structures. Existing business models have led to very low investment income and product margins. In order to reap greater investment benefits, investors are required to simplify their operations at a reduced cost.

The increase in digitalization is expected to grow the insurance market during the forecast period. It will also help insurance companies to reach customers in an efficient manner. The growing deployment of diverse banking solutions will lead to increased demand for IT services, such as IT consulting and system integration. As IT adoption increases, it also raises challenges such as the lack of IT literacy of insurance company employees, which, in turn, has driven the IT training services market in recent years.

Technavio's analysts forecast the insurance IT spending market in India to grow at a CAGR of 7.65% over the period 2014-2019.

Covered in this report

This report covers the current scenario and growth prospects of the insurance IT spending market in India for the period 2015-2019. To calculate the overall market size, the report considers the re
Table of Contents

PART 01: Executive summary
Highlights
PART 02: Scope ofthe report
Market overview
Top-vendor offerings
PART 03: Market research methodology
Research methodology
Economic indicators
PART 04: Introduction
Key market highlights
PART 05: Market landscape
Market overview
Market size and forecast
IT risks in business operations
Risk Expenditures involved in insurance sector
Five forces analysis
PART 06: Market segmentation by product
Insurance hardware market in India
Insurance software market in India
Insurance services market in India
PART 07: Adoption of third platform technologies
Cloud Computing
Big data and analytics
Social media
Mobility
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
Competitive scenario
Major key vendors
Other prominent vendors
PART 14: Key vendor analysis
HP
IBM
Infosys
TCS
Wipro
PART 15: Appendix
List of abbreviations
PART 16: Explore Technavio

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