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(MoneyNewsWire.Net, March 07, 2018 ) ICT Investment Trends in Insurance: Disruptions in the insurance technology domain nurture ICT investments
This ICT Investment Trends in Insurance market research is an intelligence report with meticulous efforts undertaken to study the right and valuable information. The data which has been looked upon is done considering both, the existing top players and the upcoming competitors. Business strategies of the key players and the new entering market industries are studied in detail. Well explained SWOT analysis, revenue share and contact information are shared in this report analysis.
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ICT Investment Trends in Insurance, report presents the findings from a survey of 177 insurers regarding their Information & Communications Technology (ICT) investment trends. The survey investigates how insurers currently allocate their ICT budgets across the core areas of enterprise ICT expenditure: hardware, software, IT services, communications, and consulting.
The report illustrates the core technologies that enterprises are investing in, including business intelligence, green IT & virtualization, IoT, and cloud computing. The survey also highlights the approach to purchasing technology adopted by media companies. Through GlobalData survey, the report aims to provide a better insight to ICT vendors and service providers when pitching their solutions to insurers. The report focuses on insurance companies ICT expenditure trends for specific business areas and technologies, identifying the top three IT projects, and understanding the primary objectives of various systems components.
With technology going mainstream, insurers are striving to integrate it into their systems and processes to enhance their customer service and devise new strategies to survive in the dynamic insurance market.
Security, software licenses, application services, and network services are the segments primarily attracting a major proportion of the budget allocations in their respective domains of hardware, software, services, and telecommunications.
Scope:
Cloud computing services are witnessing an increased interest from insurers primarily driven by the benefits of high scalability, flexibility, cost reduction, and reliable business continuity plans.
IoT has emerged as the next ground-breaking technology segment and insurers are inclined towards investing in this domain.
GlobalData survey results reveal that insurers value survival to be an important factor guiding their IT investment strategies, while ‘expertise in industry is their primary preference criterion for choosing ICT vendors.
In particular, it provides an in-depth analysis of the following -
How ICT budgets are set to change in 2017 in terms of their overall size
Allocation across the core elements of IT spend, including hardware, software, services, communications, and consulting
Distribution of ICT money in areas such as the networks, applications, service desk, and data centers
Which ICT functions insurers are interested in outsourcing
Insurers' investment priorities based on their budget allocations across core technology categories such as business intelligence, green IT & virtualization, IoT, and cloud computing
Factors that are influencing insurers' investments in each technology category
Get sample copy of this report@ http://bit.ly/2I8rb6V
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