London Insurance Business Process Outsourcing Market
London Insurance Business Process Outsourcing Market Size, Share Global Analysis Report, 2018 - 2027
Press Release
London Insurance Business Process Outsourcing Market By Deployment Types (On-Premise and Cloud-Based), By Types of Outsourcing (Call Center Services, Data Mining Services, Finance & Accounting Services, Underwriting Services, Data Processing Services, and Outsourcing Services), By Project Types (Life & Annuity Policy Services, Property & Casualty Policy Services/Claim Services, and Pension Services), and By Organization Size (Large Enterprises and Small & Medium Enterprises): Industry Perspective, Comprehensive Analysis, and Forecast 2018 - 2027
[167+ Pages Report] According to the report published by Facts and Factors, the london insurance business process outsourcing market size was valued at around USD 518 million in 2017 and is expected to grow to around USD 1,264 million by 2027 with a compound annual growth rate (CAGR) of roughly 10.5% between 2017 and 2027. The report analyzes the london insurance business process outsourcing market drivers, challenges, and the impact they have on the demands during the forecast period. In addition, the report explores emerging opportunities in the london insurance business process outsourcing market.
The report covers the forecast and analysis of the London Insurance Business Process Outsourcing market. The study provides historical data from 2015 to 2018 along with a forecast from 2019 to 2027 based on revenue (USD Million). The study includes drivers and restraints of the London Insurance Business Process Outsourcing market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the London Insurance Business Process Outsourcing market.
In order to give the users of this report a comprehensive view of the London Insurance Business Process Outsourcing market, we have included a competitive landscape and an analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.
The report provides company market share analysis to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new services, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the market on a global and regional basis.
The study provides a decisive view of the London Insurance Business Process Outsourcing market by segmenting the market based on deployment types, types of outsourcing, project types, organization size, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2019 to 2027.
The expansion of the market during the period from 2019 to 2027 is subject to the business process outsourcing providing cost-efficacy and flexibility. In addition to this, the hiring of the workforce from outside or another country can prove to be cost-effective for the firm as the organization has to pay fewer wages to the overseas staff as compared to the regional staff. This will further account remarkably towards the surge of the London insurance business process outsourcing industry during the forecast timeline. Nonetheless, the thinner work limits and strict implementation of laws will obstruct the expansion of the market over the forecast period. Apart from this, data security can pose a huge challenge to business expansion. However, the evolution of the knowledge process outsourcing sector has assisted in the fulfillment of the new business demands & offering special roles like equity research, web development, market research, and web design. This, in turn, will create lucrative growth avenues for the market during the forecast timeline.
Based on the deployment types, the insurance business process outsourcing market in London is sectored into On-Premise and Cloud-Based. On the basis of types of outsourcing, the industry is segmented into Call Center Services, Data Mining Services, Finance & Accounting Services, Underwriting Services, Data Processing Services, and Outsourcing Services. In terms of project types, the London insurance business process outsourcing market is classified into Life & Annuity Policy Services, Property & Casualty Policy Services/Claim Services, and Pension Services. On the basis of organization size, the industry is divided into Large Enterprises and Small & Medium Enterprises.
Some of the leading players in the global market include
Accenture plc,
Capita plc,
Cognizant,
EXL,
Genpact,
HCL Technologies Limited,
Infosys,
Insuserve-1,
Sutherland Global Services Inc.,
WNS (Holdings) Ltd.,
Wipro Limited.
This report segments the London Insurance Business Process Outsourcing market as follows:
FIG. 1 London Insurance Business Process Outsourcing Market, 2015-2027 (USD Million) 20
FIG. 2 London Insurance Business Process Outsourcing Market Share, by Deployment Type, 2018 & 2025 (USD Million) 21
FIG. 3 On-Premise London Insurance Business Process Outsourcing Market, 2015-2027 (USD Million) 23
FIG. 4 Cloud-Based London Insurance Business Process Outsourcing Market, 2015-2027 (USD Million) 24
FIG. 5 London Insurance Business Process Outsourcing Market Share, by Types of Outsourcing, 2018 & 2025 (USD Million) 25
FIG. 6 Call Center Services London Insurance Business Process Outsourcing Market, 2015-2027 (USD Million) 27
FIG. 7 Data Mining Services London Insurance Business Process Outsourcing Market, 2015-2027 (USD Million) 28
FIG. 8 Finance & Accounting Services London Insurance Business Process Outsourcing Market, 2015-2027 (USD Million) 29
FIG. 9 Underwriting Services London Insurance Business Process Outsourcing Market, 2015-2027 (USD Million) 30
FIG. 10 Data Processing Services London Insurance Business Process Outsourcing Market, 2015-2027 (USD Million) 31
FIG. 11 Outsourcing Services London Insurance Business Process Outsourcing Market, 2015-2027 (USD Million) 32
FIG. 12 London Insurance Business Process Outsourcing Market Share, by Project Type, 2018 & 2025 (USD Million) 33
FIG. 13 Life & Annuity Policy Services London Insurance Business Process Outsourcing Market, 2015-2027 (USD Million) 34
FIG. 14 Property & Casualty Policy Services/Claim Services London Insurance Business Process Outsourcing Market, 2015-2027 (USD Million) 35
FIG. 15 Pension Services London Insurance Business Process Outsourcing Market, 2015-2027 (USD Million) 36
FIG. 16 London Insurance Business Process Outsourcing Market Share, by Organization Size, 2018 & 2025 (USD Million) 37
FIG. 17 Large Enterprises London Insurance Business Process Outsourcing Market, 2015-2027 (USD Million) 38
FIG. 18 Small & Medium Enterprises London Insurance Business Process Outsourcing Market, 2015-2027 (USD Million) 39
FIG. 19 London Insurance Business Process Outsourcing Market Share, by Region, 2018 & 2025 40
FIG. 20 Competitor Market Share – Revenue 42
FIG. 21 Accenture Plc Revenue and Growth Rate 47
FIG. 22 Accenture Plc Market Share 47
FIG. 23 Capita Plc Revenue and Growth Rate 49
FIG. 24 Capita Plc Market Share 49
FIG. 25 Cognizant Revenue and Growth Rate 51
FIG. 26 Cognizant Market Share 51
FIG. 27 EXL Revenue and Growth Rate 53
FIG. 28 EXL Market Share 53
FIG. 29 Genpact Revenue and Growth Rate 55
FIG. 30 Genpact Market Share 55
FIG. 31 HCL Technologies Limited Revenue and Growth Rate 57
FIG. 32 HCL Technologies Limited Market Share 57
FIG. 33 Infosys Revenue and Growth Rate 59
FIG. 34 Infosys Market Share 59
FIG. 35 Insuserve-1 Revenue and Growth Rate 61
FIG. 36 Insuserve-1 Market Share 61
FIG. 37 Sutherland Services Inc. Revenue and Growth Rate 63
FIG. 38 Sutherland Services Inc. Market Share 63
FIG. 39 WNS (Holdings) Ltd. Revenue and Growth Rate 65
FIG. 40 WNS (Holdings) Ltd. Market Share 65
FIG. 41 Wipro Limited Revenue and Growth Rate 67
FIG. 42 Wipro Limited Market Share 67
FIG. 43 Market Dynamics 69
FIG. 44 London Insurance Business Process Outsourcing – Value Chain Analysis 72
FIG. 45 Technology Roadmap and Timeline 73
FIG. 46 Market Attractiveness Analysis – By Deployment Type 74
FIG. 47 Market Attractiveness Analysis – By Types of Outsourcing 75
FIG. 48 Market Attractiveness Analysis – By Project Type 75
FIG. 49 Market Attractiveness Analysis – By Organization Size 76
FIG. 50 Market Attractiveness Analysis – By Region 77
FIG. 51 Market Channel 78
FIG. 52 Marketing Channel Development Trend 79
FIG. 53 Growth in World Gross Product, 2008-2018 80
List of Tables
TABLE 1 London Insurance Business Process Outsourcing Market, 2018 & 2025 (USD Million) 19
TABLE 2 London Insurance Business Process Outsourcing market, by Deployment Type, 2015-2027 (USD Million) 21
TABLE 3 London Insurance Business Process Outsourcing market, by Types of Outsourcing, 2015-2027 (USD Million) 25
TABLE 4 London Insurance Business Process Outsourcing market, by Project Type, 2015-2027 (USD Million) 33
TABLE 5 London Insurance Business Process Outsourcing market, by Organization Size, 2015-2027 (USD Million) 37
TABLE 6 London Insurance Business Process Outsourcing market, by Region, 2015-2027 (USD Million) 40
TABLE 7 London Insurance Business Process Outsourcing Market - Company Revenue Analysis 2015-2018 (USD Million) 42
TABLE 8 London Insurance Business Process Outsourcing Market - Company Revenue Share Analysis 2015-2018 (%) 44
TABLE 9 Acquisitions and Mergers 45
TABLE 10 New Product/Service Launch 45
TABLE 11 Research & Development Activities 45
TABLE 12 Market Drivers 70
TABLE 13 Market Restraints 70
TABLE 14 Market Opportunities 71
Report Scope
