Global Digital Twin Financial Services and Insurance Market
Dublin, Dec. 23, 2022 (GLOBE NEWSWIRE) — The “Digital Twin Financial Services and Insurance Global Market Report 2022: Ukraine-Russia War Impact” report has been added to ResearchAndMarkets.com’s offering.
The global digital twin financial services and insurance market is expected to grow from $ 2.95 billion in 2021 to $ 3.57 billion in 2022 at a compound annual growth rate (CAGR) of 20.9%. The digital twin financial services and insurance market is expected to grow to $ 6.82 billion in 2026 at a CAGR of 17.6%.
North America was the largest region in the digital twin financial services and insurance market in 2021. The regions covered in the digital twin financial services and insurance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The rising urbanization around the world is expected to propel the growth of the digital twin financial services and insurance market going forward. Urbanization refers to the increasing population densities in urban areas compared to rural areas.
Due to urbanization and increased net income, people can afford to pay for digital services instead of physically visiting the banks. For instance, according to the United Nations Department of Economic and Social Affairs, a US-based government agency, 68% of the global population is expected to live in urban areas by 2050. Therefore, the rising urbanization and increasing disposable income is driving the digital twin financial services and insurance market.
The increasing adoption of cloud technologies is expected to propel the growth of the digital twin financial services and insurance market going forward. Cloud technologies are hosted in the cloud and are accessed via a web browser using the internet. The use of cloud technologies in digital insurance and financial services is expected to promote the adoption of digital twin financial services and insurance as it offers greater security, and quicker processing times with reduced prices.
For instance, according to the 2019 State of the Cloud Survey by Flexera, a US-based software company, out of 786 technical professionals surveyed, 94% use cloud solutions, and 69% of them are using hybrid cloud solutions. Therefore, the increasing adoption of cloud technologies is propelling the digital twin financial services and insurance market.
Reasons to Purchase
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Assessment of Russia – War Impact on agriculture, energy and mineral commodities supply and their direct and indirect impact on the market analyzed in the report.
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Impact of high global inflation on market growth.
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Scope
Markets Covered:
1) By Type: System Digital Twin; Process Digital Twin
2) By Technology: IOT And IIOT; Artificial Intelligence And Machine Learning; 5G; Big Data Analytics; Blockchain And Augmented Reality; Virtual Reality; Mixed Reality
3) By Deployment: Cloud; On-Premises
4) By Application: Bank Account Funds Checking; Digital Fund Transfer Checks; Policy Generation; Other Applications
Key Topics Covered:
1. Executive Summary
2. Digital Twin Financial Services And Insurance Market Characteristics
3. Digital Twin Financial Services And Insurance Market Trends And Strategies
4. Digital Twin Financial Services And Insurance Market – Macro Economic Scenario
5. Digital Twin Financial Services And Insurance Market Size And Growth
6. Digital Twin Financial Services And Insurance Market Segmentation
7. Digital Twin Financial Services And Insurance Market Regional And Country Analysis
8. Asia-Pacific Digital Twin Financial Services And Insurance Market
9. China Digital Twin Financial Services And Insurance Market
10. India Digital Twin Financial Services And Insurance Market
11. Japan Digital Twin Financial Services And Insurance Market
12. Australia Digital Twin Financial Services And Insurance Market
13. Indonesia Digital Twin Financial Services And Insurance Market
14. South Korea Digital Twin Financial Services And Insurance Market
15. Western Europe Digital Twin Financial Services And Insurance Market
16. UK Digital Twin Financial Services And Insurance Market
17. Germany Digital Twin Financial Services And Insurance Market
18. France Digital Twin Financial Services And Insurance Market
19. Eastern Europe Digital Twin Financial Services And Insurance Market
20. Russia Digital Twin Financial Services And Insurance Market
21. North America Digital Twin Financial Services And Insurance Market
22. USA Digital Twin Financial Services And Insurance Market
23. South America Digital Twin Financial Services And Insurance Market
24. Brazil Digital Twin Financial Services And Insurance Market
25. Middle East Digital Twin Financial Services And Insurance Market
26. Africa Digital Twin Financial Services And Insurance Market
27. Digital Twin Financial Services And Insurance Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Digital Twin Financial Services And Insurance Market
29. Digital Twin Financial Services And Insurance Market Future Outlook and Potential Analysis
30. Appendix
Companies Mentioned
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IBM Corporation
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Atos SE
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Swim Inc.
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General Electric
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Microsoft Corporation
For more information about this report visit https://www.researchandmarkets.com/r/yq4p4v
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