Asia-Pacific Digital Twin Financial Services and Insurance Market – Industry Trends and Forecast to 2030

Análise e tamanho do mercado de seguros e serviços financeiros de gémeos digitais da Ásia-Pacífico

In the initial days, digital twin models were confined in complexity and size, but the scale of them is increasing rapidly now with the addition of advanced technologies such artificial intelligence (AI), big data, the internet of things (IoT), and processing poder. Com estas tecnologias avançadas, os gémeos digitais permitem a utilização de dados para simular e antecipar as futuras condições e desempenho dos ativos nos serviços financeiros e no setor dos seguros. Como resultado, a procura pelos gémeos digitais aumenta nos serviços financeiros e no setor dos seguros, o que aumenta o crescimento do mercado.

A Data Bridge Market Research analisa que o mercado de serviços financeiros e seguros gémeos digitais deverá atingir os 726,47 milhões de dólares até 2030, ou seja, 195,91 milhões de dólares em 2022, com um CAGR de 17,80% durante o período de previsão. Além dos insights de mercado, tais como o valor de mercado, a taxa de crescimento, os segmentos de mercado, a cobertura geográfica, os participantes do mercado e o cenário de mercado, o relatório de mercado com curadoria da equipa de pesquisa de mercado da Data Bridge inclui uma análise especializada aprofundada, análise de importação/exportação, análise de preços, análise de consumo de produção e análise de pilão.

Âmbito e segmentação do mercado de seguros e serviços financeiros digitais gémeos da Ásia-Pacífico

Definição de mercado

Os serviços financeiros e seguros de gémeos digitais referem-se a uma tecnologia utilizada para auxiliar os clientes na compra e gestão de apólices, gestão de empréstimos, mitigação de riscos e muito mais. Os gémeos digitais são cópias digitais de produtos físicos. Os dados são visualizados e armazenados numa plataforma digital para um melhor crescimento do negócio. O setor de serviços financeiros e seguros de gémeos digitais está a fornecer soluções mais otimizadas aos clientes.

Mercado de seguros e serviços financeiros gémeos digitais da Ásia-Pacífico

Motoristas

• A crescente urbanização e o aumento do rendimento disponível alargarão o âmbito do crescimento

Espera-se que o aumento da urbanização nesta região impulsione o crescimento do mercado de seguros e serviços financeiros gémeos digitais durante o período de previsão. Como resultado da crescente urbanização e do aumento do rendimento líquido, as pessoas podem facilmente pagar os serviços digitais no local de visita física aos bancos. Por conseguinte, a crescente urbanização e o aumento do rendimento disponível alargarão o âmbito do crescimento.

• Crescente adoção de tecnologias de cloud

As tecnologias em nuvem são alojadas na plataforma em nuvem e acedidas através de um navegador da Web utilizando a Internet. A utilização de tecnologias de cloud em seguros digitais e serviços financeiros oferece maior segurança e tempos de processamento mais rápidos a preços reduzidos. Assim, espera-se que a crescente adoção de tecnologias na nuvem impulsione o crescimento do mercado de seguros e serviços financeiros gémeos digitais.

Oportunidades

• Aumentar a utilização de serviços financeiros e seguros de gémeos digitais para identificar uma oportunidade de venda cruzada e upsell

Os dados existentes no panorama das seguradoras podem ser aproveitados para encontrar a oportunidade de cross-selling e upsell. A tecnologia digital aumentará a receita das seguradoras através de upsell e vendas cruzadas. Os modelos de aprendizagem automática podem explorar os conjuntos de dados atuais dos clientes, como os seus padrões de compra e outros fatores, para identificar uma oportunidade de upsell de venda cruzada. Assim, a crescente utilização de serviços financeiros e seguros gémeos digitais para identificar uma oportunidade de venda cruzada criará amplas oportunidades para o crescimento do mercado.

• Aumentar a integração de tecnologia avançada em gémeos digitais

Digital twin financial services and insurance connected technologies such as IoT, sensors, real-time data monitoring systems help insurers to define new policies or packages, reduce administration costs, mitigate risks and enhance core insurance operations such as fraud detection, customer assets evaluation, underwriting, claims processing, new policy creation and other. Thus, the increasing integration of advanced technology in digital twins leverage will create lucrative opportunities for the market growth.

Restraints

• Increasing concern regarding data security

Increasing concern regarding data security in financial services and insurance sector due to the use of cloud platforms and internet of things (IoT) will hamper the growth of the digital twin financial services and insurance market.

• Issue associated with affordability of digital twin technology for small companies

Digital twin technologies become more prevalent across all industries, but the installation and adoption cost is very high. As a result, small companies are not able to afford digital twin technology. The cost of digital twin technology is also high due to the presence of expensive integrated software and digital twin software which will hamper the market growth.

This digital twin financial services and insurance market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the digital twin financial services and insurance market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Development

• In 2021, Siemens Smart Infrastructure acquired EcoDomus’s digital twin software platform for an undisclosed amount. With this acquisition, they will support Siemens to increase its digital building offerings with the help of cloud-based building operations twin software.
• In 2020, HBF has been chosen by Oracle Health Insurance to serve as core platform for its health insurance products. This platform will allow HBF to increase operational efficiency. Oracle aids health insurers in improving operational performance, lowering administrative expenses, streamlining claim processing, improving billing accuracy, and enhancing member satisfaction.

Asia-Pacific Digital Twin Financial Services and Insurance Market Scope

The digital twin financial services and insurance market is segmented on the basis of type, technology, deployment and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• System
• Process
• Product

 Technology

• Internet of Things (IoT) and Industrial Internet of Things (IIoT)
• Artificial Intelligence and Machine Learning
• 5G
• Big Data Analytics
• Blockchain and Augmented Reality
• Virtual Reality
• Mixed Reality

Deployment

• Cloud
• On Premises

Application

• Bank Account Funds Checking
• Digital Fund Transfer Checks
• Policy Generation
• Other Applications

Digital Twin Financial Services and Insurance Market Regional Analysis/Insights

The digital twin financial services and insurance market is analyzed and market size insights and trends are provided by country, type, technology, deployment and application as referenced above.

The countries covered in the digital twin financial services and insurance market report are China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC).

China dominates the digital twin financial services and insurance market due to increasing focus toward the utilization of 5G and high usage of cloud database in this region. Moreover, d increased adoption of advance technologies and improved infrastructural development will further boost the market growth.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Digital Twin Financial Services and Insurance Market Share Analysis

The digital twin financial services and insurance market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to digital twin financial services and insurance market.

Some of the major players operating in the digital twin financial services and insurance market are:

• Microsoft (U.S.)
• IBM (U.S.)
• SAP (Germany)
• Siemens (Germany)
• General Electric (U.S.)
• Atos SE (France)
• ABB (Switzerland)
• TIBCO Software Inc. (U.S.)
• Oracle (U.S)
• Robert Bosch GmbH (Germany)
• DXC Technology Company (U.S.)
• Hexaware Technologies Limited (India)
• Tata Consultancy Services Limited (India)
• Infosys Limited (India)
• AVEVA Group plc (U.K.)
• Altair Engineering Inc. (U.S.)
• NTT DATA, Inc. (Japan)
• KELLTON TECH (India)
• AVEVA Group plc (U.K.)
• ANSYS, Inc. (U.S.)

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