Gartner Research

Forecast: Enterprise IT Spending for the Insurance Market, Worldwide, 2018-2024, 2Q20 Update

Published: 16 July 2020

ID: G00728518

Analyst(s): Rajesh Narayan , James Ingham , Rika Narisawa , Inna Agamirzian , Gregor Petri

Summary

Gartner forecasts global IT spending within insurance will decline by 4.8% in 2020 to reach $218 billion in constant U.S. dollars. IT services and software will increase by 5.2% and 8.7% CAGR, respectively from 2019-2024, in contrast to other segments which will experience constrained growth.

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