Gartner Research

Forecast: Enterprise IT Spending for the Insurance Market, Worldwide, 2019-2025, 1Q21 Update

Summary

Gartner forecasts global IT spending within insurance will grow by 5.2% in 2021 to reach $210 billion in constant U.S. dollars. Long-term spending is forecast to grow at a CAGR of 6.4% to $271 billion in 2025, driven by IT services and software growing at a CAGR of 7.9% and 11.2%, respectively.

Published: 08 April 2021

ID: G00744134

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

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