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Europe Insurance BPO Services Market Report 2022-2032: Increased Demand for High-Quality Services at a Lower Cost Fuels Growth

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European Insurance BPO Services Market

European Insurance BPO Services Market
European Insurance BPO Services Market

Dublin, May 09, 2023 (GLOBE NEWSWIRE) -- The "Europe Insurance BPO Services Market 2022-2032 by Service Type, Insurance Type, Operation, Deployment Type, Application, Organization Size, and Country: Trend Forecast and Growth Opportunity" report has been added to ResearchAndMarkets.com's offering.

Europe insurance BPO services market was valued at $5,578.2 million in 2022 and will grow by 5.3% annually over 2022-2032, driven by the increasing importance of insurance BPO service, rising trends in the contract values of insurance BPO providers, growing digitalization and increased demand for high-quality services at a lower cost, a rising adoption of cloud-based solutions & increasing demand for specialized solutions by BPOs, and an increasing customer demand for best-in-class insurance service.

This 115-page report is based on a comprehensive research of the entire Europe insurance BPO services market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2020-2022 and provides forecast from 2023 till 2032 with 2022 as the base year.

In-depth qualitative analyses include identification and investigation of the following aspects:

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  • Market Structure

  • Growth Drivers

  • Restraints and Challenges

  • Emerging Product Trends & Market Opportunities

  • Porter's Five Forces

The trend and outlook of Europe market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify Europe insurance BPO services market in every aspect of the classification from perspectives of Service Type, Insurance Type, Operation, Deployment Type, Application, Organization Size, and Country.

Based on Service Type, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.

  • Human Resource Outsourcing Services

  • IT Services

  • Underwriting Services

  • Customer Care Services

  • Finance and Accounting Services

Based on Insurance Type, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.

  • Life and Annuity Insurance

  • Property and Casualty Insurance

By Operation, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.

  • Claims Management

  • Administration

  • Asset Management

  • Development

  • Marketing

  • Other Operations

By Deployment Type, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.

  • On-Premises

  • Cloud-based

By Application, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.

  • BFSI

  • Healthcare

  • Manufacturing

  • Retail

  • IT & Telecom

  • Other Applications

By Organization Size, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.

  • SMEs

  • Large Enterprises

Geographically, the following national/local markets are fully investigated:

  • Germany

  • UK

  • France

  • Spain

  • Italy

  • Netherlands

  • Rest of Europe (further segmented into Russia, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)

For each key country, detailed analysis and data for annual revenue ($ mn) are available for 2022-2032. The breakdown of national markets by Service Type, Insurance Type, and Application over the forecast years are also included.

The report also covers the current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.

Key Attributes:

Report Attribute

Details

No. of Pages

115

Forecast Period

2022 - 2032

Estimated Market Value (USD) in 2022

$5578.2 Million

Forecasted Market Value (USD) by 2032

$9360.2 Million

Compound Annual Growth Rate

5.3%

Regions Covered

Europe

Key Topics Covered:

1 Introduction

2 Market Overview and Dynamics

3 Segmentation of Europe Market by Service Type

4 Segmentation of Europe Market by Insurance Type

5 Segmentation of Europe Market by Operation

6 Segmentation of Europe Market by Deployment Type

7 Segmentation of Europe Market by Application

8 Segmentation of Europe Market by Organization Size

9 European Market 2022-2032 by Country

10 Competitive Landscape

Companies Mentioned

  • 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

For more information about this report visit https://www.researchandmarkets.com/r/4p5cm9

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

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