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Claims Management Solutions Market

Claims Management Solutions Market: Global Industry Trend Analysis 2012 to 2017 and Forecast 2017 - 2025

Claims Management Solutions Market Segmented By component such as Hardware, Software and Services with Deployment such as On-premise and Cloud based

 Claims Management Solutions: Introduction

Claims management software offers management services to healthcare providers and insurance companies enabling them to investigate and act on claims by an insured person. Multiple services offered by claims management software includes investigation, review, payment release or denial of the claim.

Modules offered by claims management software includes billing, claims processing, business process management, contracting and reimbursement, customer services, reporting, collaborative and integration tools, and more.

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Claims Management Solutions: Drivers and Restraints

Prominent factors driving the demand of claims management software includes an increase in chronic diseases incidents, increase in aging population, adoption of digital and cloud services, initiatives for improving insurance claims services, the government push to increase insurance coverage among its citizens, etc.

Insurance companies are also looking to invest in claims management solutions to optimize their value chain and internal processes, reduction in their operational cost through automation which can be achieved through claims management software, and reduction in the leakages through operational efficiency.

The factors which can affect the demand for claims management software market includes data theft through cyber-attacks and rise in cyber-crimes. The initial investment required for implementation of claims management solution in terms of hardware, software, and services is also expected to affect the demand of claims management software market.

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Global Claims Management Solutions: Market Segmentation

Component
  • Hardware
  • Software
  • Services
Deployment
  • On-premise
  • Cloud based
Region
  • Asia-Pacific excluding Japan
  • The Middle East and Africa
  • Western Europe
  • North America
  • Eastern Europe
  • Latin America
  • Japan
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Global Claims Management Solutions: Regional Trend

Among various regions, claims management solution market in North America region is expected to dominate during the forecast period because of strong presence of insurance and healthcare companies in the region and the presence of major claims management solution provider in the region. North America region is expected to be followed by Western Europe and APEJ.

APEJ region is expected to drive the demand for claim management solution market, supported by large the population of countries including China and India and increasing investment in the field of healthcare and insurance sectors.

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Global Claims Management Solutions: Competitive Landscape

Some of the prominent players in the field of claims management solutions market include DXC Technology Company (U.S.), Software AG (Germany), Hexaware Technologies, Inc. (India), HCL Technologies (India), Pegasystems Limited (U.S.), International Business Machines (IBM) Corporation (U.S.), Cognizant Technology Solutions Corporation (U.S.) etc.

The report covers exhaustive analysis on:

  • Global Claims Management Solutions Segments
  • Global Claims Management Solutions Dynamics
  • Historical Actual Market Size, 2012 - 2016
  • Global Claims Management Solutions Size & Forecast 2017 to 2027
  • Supply & Demand Value Chain for Claims Management Solutions
  • Global Claims Management Solutions Current Trends/Issues/Challenges
  • Competition & Companies involved in Claims Management Solutions
  • Claims Management Solutions Technology
  • Value Chain of Claims Management Solutions
  • Global Claims Management Solutions Drivers and Restraints

Regional analysis for Global Claims Management Solutions includes

  • North America Claims Management Solutions
    • US
    • Canada
  • Latin America Claims Management Solutions
    • Argentina
    • Mexico
    • Brazil
    • Rest of Latin America
  • Western Europe Claims Management Solutions
    • Germany
    • France
    • U.K.
    • Spain
    • Italy
    • Nordic
    • Benelux
    • Rest of Western Europe
  • Eastern Europe Claims Management Solutions
    • Poland
    • Russia
  • Asia Pacific Claims Management Solutions
    • Australia and New Zealand (A&NZ)
    • China
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Japan Claims Management Solutions
  • The Middle East and Africa Claims Management Solutions
    • GCC Countries
    • North Africa
    • South Africa
    • Rest of MEA

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics of the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and product offerings
  • Potential and niche segments/regions exhibiting promising growth
  • A neutral perspective towards market performance
  • Must-have information for market players to sustain and enhance their market footprint

- Companies Covered in This Report -

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