Table Of Contents
Onkar Sumant
Koyel Ghosh
A Look into Top 10 Published Studies in the BFSI Sector: How They Help the Domain Flourish In 2024
Life Reinsurance Market
The AMR report on the life reinsurance market provides quantitative and qualitative analysis of the industry that helps the shareholders understand the real scenario of the industry. The study offers competitive intelligence, including insights into market shares and investment opportunities within the landscape. This information is designed to assist companies in developing comprehensive long-term expansion strategies.
According to the report, the life reinsurance market is predicted to rise at a CAGR of 12.5% from 2023 to 2032, generating a revenue of $731.2 billion by 2032. The industry generated $230.7 billion in 2022. Moreover, the growing emphasis on insurers to stabilize losses by limiting risks is one of the major factors that have positively driven the industry’s growth. Also, the rise in claims in the life insurance sector is expected to create wider opportunities for the market.
Aviation Insurance Market
The aviation insurance market report by AMR sheds light into the changing dynamics of the industry with the help of innovative market research tools such as PESTEL analysis. This study gives firms a competitive edge by allowing them to anticipate market trends and shifts in consumer behavior.
The aviation insurance market is growing due to rising air traffic, the expansion of low-cost carriers, and advancements in aerospace technology. Furthermore, the rise in air passenger traffic and increase in government rules & regulations for passenger safety has created lucrative opportunities for the industry. The market accounted for $4.1 billion in 2022 and is expected to reach $7.1 billion by 2032, growing at a CAGR of 5.9% from 2023 to 2032.
Management Consulting Services Market
Allied Market Research recently released a report on the management consulting services market, highlighting the latest trends and developments shaping the industry. Additionally, the study provides an in-depth analysis of product offerings and strategic alliances formed by multinational corporations. This information is designed to help new entrants align their operations with the evolving dynamics of the industry landscape.
The management consulting services market is expanding as businesses are increasingly adapting to digital transformation and emphasizing sustainability. The industry is projected to rise at a CAGR of 10.2% from 2022 to 2031, generating a revenue of $811.3 billion by 2031. In addition, rise in resource spending by SMEs, rapid urbanization, and technological advancements are the major factors that are expected to provide potential growth opportunities across the market.
Travel Insurance Market
The travel insurance market report classifies the landscape into major segments including age group, insurance cover, end-user, and distribution channel. Each segment of these segments is examined thoroughly, focusing on their growth drivers and emerging trends. This analysis aims to assist companies in identifying and concentrating on key investment areas that align with the evolving market dynamics.
As per the report, the market is anticipated to garner a revenue of $143.5 billion by 2033, growing at a CAGR of 20.1% from 2024 to 2033. The industry is experiencing growth due to factors, including rising international travel, increased awareness of travel-related risks, and evolving regulatory requirements. Moreover, the resurgence of travel post COVID-19 pandemic and the changing consumer preferences for comprehensive coverage are expected to boost the market remarkably in the coming period.
Extended Warranty Market
The study by AMR on the extended warranty market provides a detailed analysis of the industry, exploring the sociocultural, economic, political, and administrative factors that influence the landscape. This analysis is primarily designed to assist companies in enhancing their global presence and understanding the complexities of international markets.
The extended warranty market is thriving as consumers prioritize the protection of high-value purchases and businesses seek to enhance post-sale engagement. The industry was valued at $129.7 billion in 2022, and is projected to reach $286.4 billion by 2032, growing at a CAGR of 8.4% from 2023 to 2032. In addition, the increase in penetration of laptops, smartphones, and tablets, along with the increased adoption of extended warranty plans is expected to uplift the growth of the market in the forthcoming years.
Auto Extended Warranty Market
The AMR report on the auto extended warranty market offers an in-depth analysis of the competitive landscape within the industry to help businesses gain a comprehensive understanding of the market. The study includes profiles of leading players, their adopted strategies, and insights from key stakeholders, providing enterprises with valuable information to make informed business decisions.
The auto extended warranty market is expanding due to increasing vehicle ownership, rising repair costs, and a growing focus on customer retention by automakers. Moreover, the innovative services provided by leading industry players, and rise in demand for extended warranty coverage in automobiles are expected to create massive growth opportunities for the market in the upcoming period. The market is predicted to rise CAGR of 5.9% from 2021 to 2030, generating a revenue of $34.19 billion in 2020.
Embedded Finance Market
Recently, Allied Market Research published a report on the embedded finance market that gives a comprehensive overview of the companies in the BFSI domain, offering a detailed exploration of market entry and expansion strategies to uncover profitable opportunities. It enables enterprises to realign their business workflows in response to evolving market dynamics.
As per the analysis, the industry is expected to generate $570.9 billion by 2033, rising at a CAGR of 21.3% from 2024 to 2033. By adding financial services to non-financial platforms, businesses have improved customer experiences and created new revenue opportunities. Furthermore, the rising trend of digital transformation and the changing preferences of seamless and hassle-free experiences among consumers are expected to create new opportunities in the landscape.
Gadget Insurance Market
The recently published report on the gadget insurance market by AMR evaluates the industry’s potential using scientific analytical tools, including Porter’s Five Forces. The study equips companies with the insights needed to formulate comprehensive long-term growth strategies by examining evolving consumer preferences, market disruptions, emerging trends, and future outlooks.
The gadget insurance market is growing as consumers increasingly rely on high-value personal devices and seek protection against loss, theft, and accidental damage. Moreover, the surge in the demand for innovative multiple gadget insurance services is expected to bring huge investment opportunities in industry. As per the AMR report, the market is expected to rise at a CAGR of 12.9% from 2022 to 2031.
Bancassurance Market
Allied Market Research recently unveiled a report on the bancassurance market evaluates the industry's potential using scientific analytical tools, including Porter’s Five Forces. It explores evolving consumer preferences, market disruptions, emerging trends, and future outlooks, providing companies with essential insights to develop effective long-term growth strategies.
The bancassurance market is expanding because banks are utilizing their customer base to distribute insurance products, creating a mutually beneficial relationship between insurers and financial institutions. Furthermore, growing demand for insurance products and services among customers and rising awareness of insurance policies are expected to uplift market growth in the upcoming years. The industry is expected to rise at a CAGR of 7.4% from 2022 to 2031, garnering a revenue of $1.8 billion by 2031.
Trade Credit Insurance Market
The AMR report on the trade credit insurance market provides a thorough analysis of current and projected revenue figures, along with CAGR values. It includes competitive intelligence through insights on market shares and investment opportunities, helping companies formulate comprehensive expansion strategies for long-term success.
According to the study, the industry was valued at $14.9 billion in 2023, and is predicted to reach $41.1 billion by 2033, growing at a CAGR of 10.7% from 2024 to 2033. Furthermore, notable benefits provided by trade credit insurance solutions such as facilitating bank financing and reducing concentration risks have played a big role in driving the market’s growth. Moreover, rapid expansion of trade in new regions due to the increase in export & import of goods & services worldwide is expected to create significant investment opportunities for the industry in the coming period.
The essence
The increasing integration of modern technologies such as AI and ML has been the prominent factor that has positively impacted the BFSI sector in 2024. Additionally, the AMR’s newsletter on the top 10 published studies showcases some major markets, which have significantly contributed to this growth.
To get more insights into the investment opportunities in the BFSI domain, contact our industry specialists today!
