Claims Processing Software Market

The claims processing software market consists of solutions designed to automate and manage claims procedures for various enterprises. The primary customers are insurance companies, intermediaries, agents, and brokers. Key growth drivers include the increasing demand for cloud-based applications to lower costs, the push to improve customer experience, and the use of automation to reduce human error and increase productivity.

CAGR

8.3%

Compound Annual Growth Rate

Current Value

$47.9B

Estimated 2026

Projected Value

$90.6B

By 2034

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