According to the current analysis of Reports and Data, the global Annuity Platform market was valued at USD 3.7 Billion in 2018 and is expected to reach USD 13.0 Billion by year 2026, at a CAGR of 16.0%.

Annuity Platform market highlights the solutions and services used by the banking and insurance companies for annuity management. Annuity is a series of payments which is made at equal intervals. These payments can be on a regular basis, weekly, monthly, quarterly or yearly. The deployment mode that is considered in the annuity platform market consists of cloud deployment, on-premise deployment, and hybrid deployment. It is deployed on the cloud provides flexibility, scalability, and availability which can be deployed on any cloud environment such as Azure or AWS. The on-premise deployment of the annuity platform provides added security with the presence of data centre and virtual network deployed. The hybrid deployment mode offers the best of both clod and on-premise deployment mode. The changing nature of annuity and the rising cost of the compliance management is the driving the growth for the market.

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The report presents a panoramic view of the competitive landscape of the Annuity Platform Market, covering details about the key manufacturers and companies, price analysis, revenue estimation, gross profit margins, business expansion plans, and other vital details that offers the readers deep insights into each company operating in the industry. The report also focuses on strategic alliances in the Annuity Platform Market, such as mergers and acquisitions, joint ventures, product launches, brand promotions, collaborations, licensing agreements, partnerships, corporate and government deals, and others.

Some of the key players in the Annuity Platform market are Accenture plc., Andesa Services, Capgemini SE, Oracle Corporation, Concentrix Corporation, DXC Technology Company, Infosys Limited, EXL, FAST Technology, InsPro Technologies LLC, and Mphasis Wyde.

Component (Revenue, USD Million; 2016–2026)

Platform

Services

Evaluation

Implementation

Support and maintenance 

Managed

Deployment Mode (Revenue, USD Million; 2016–2026)

Cloud

On-premise

Hybrid

End User (Revenue, USD Million; 2016–2026)

Banking

Insurance Companies

Others

Regional Analysis Covers:

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

AsiaPacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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For a comprehensive value chain analysis, the report covers the downstream and upstream essentials of the Annuity Platform Market. It also pays special focus on the growth process, macro- and micro-economic factors, raw material sources analysis, and other technical data. The report further segments the market on the basis of types, applications, and regions and offers insights into the segments that have the highest penetration and profit margin, along with recent developments based on geographies.

Benefits of Global Annuity Platform Market Report:

Comprehensive analysis of the changing market dynamics

A futuristic outlook on different factors influencing the market

An 8-year forecast of the market growth and expected revenue growth

Ease of understanding of the market, key segments, and their future growth

In-depth analysis of the competitive landscape to give an advantageous edge for the companies

Extensive insight into the market with in-depth analysis of the segmentation

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