$10.5+ Billion Credit Insurance Market to 2025 - Global Analysis and Forecasts by Component, Enterprise Size & Application - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Nov 28, 2018--The “Credit Insurance Market to 2025 - Global Analysis and Forecasts by Component; Enterprise Size; & Application” report has been added to ResearchAndMarkets.com’s offering.
The global Credit Insurance market is anticipated accounted to US$ 8.64 Bn in 2017 and is expected to grow at a CAGR of 2.9% during the forecast period 2018 - 2025, to account to US$ 10.77 Bn by 2025.
Growth in the recent five years is primarily driven by two major factors, unstable macroeconomic factors that are influencing the growth of credit insurance, and improving sales & accounts receivable support benefits to accentuate the demand for credit insurance.
Political as well as regulatory disruptions around the world have caused a paradigm shift in the method trade is being carried out globally. Businesses today are driven by higher innovation arising from increasing consumer expectations to stay competitive in the market, whereas the new entrants look to disrupt the traditional businesses and garner market share from incumbent players. This has led to high uncertainties regarding the sustainability of a particular business and therefore, the need to ensure a business for recovering losses in case any has become mandatory for businesses today.
Business owners are therefore getting keener on ensuring their businesses and transactions to keep up with the technology development, while also focus on growing the top-line sales along with bolstering the bottom line profitability. Different industry verticals require different coverage of insurance. The insurance premium greatly varies on the political, economic and technological scenario in the countries. Liberalization of the markets, as well as an increase in cross-border shipments across the globe, are the two prime factors that have led to increasing market attractiveness for the credit insurance in the domestic trade as well as international trade arena.
The credit insurance market has been segmented on the basis of components into the following segments including products and services. The credit insurance market has been further bifurcated on the basis of enterprise size into small & medium enterprise (SMEs) and large enterprise. Also, the credit insurance market has been segmented based on the application into the domestic market and the export market. Geographically the credit insurance market is presently dominated by developed regions including, Europe and North America.
However, the credit insurance market is expected to be in favor of the Asia Pacific and the Middle East and Africa in the coming years. The developing economies of APAC are experiencing a tremendous growth in their FDIs for various industry verticals. China’s policy stimulus for credit insurance, the increased role for export credit insurance and the liberalized export credit market in conjunction with an increasing SME involvement, have been the primary driving factors for the credit insurance market in the Asia Pacific. Growing trade of South East Asian countries with the Western countries of the world provides huge potentials for the credit insurance market to prosper.
Key players in the market are in cashing the opportunity to gain maximum benefit from on the opportunities in emerging markets.
Key Topics Covered:
2. Key Takeaways
3. Credit Insurance Market Landscape
3.1 Market Overview
3.2 Market Segmentation
3.3 Pest Analysis
4. Credit Insurance Market - Key Industry Dynamics
4.1 Key Market Drivers
4.1.1 Unstable Macro-Economic Factors Are Influencing the Growth of Credit Insurance
4.1.2 Improving Sales and Accounts Receivable Support Benefits To Accentuate the Demand For Credit Insurance
4.2 Key Market Restraints
4.2.1 Fraudulent Policies and Claims Are Limiting the Market Growth
4.3 Key Market Opportunities
4.3.1 Asia Pacific a Lucrative Region For Credit Insurance Companies
4.4 Future Trends
4.4.1 Simplified Insurance Claiming Procedures
4.4.2 Integration of Technology To Boost the Market Growth
4.5 Impact Analysis of Drivers and Restraints
5. Credit Insurance - Premium Insights
5.1 Credit Insurance Regulatory Framework
5.2 Credit Insurance Risk Analysis
5.2.1 Credit Insurance Political and Commercial Risk:
6. Credit Insurance - Global Market Analysis
6.1 Global Credit Insurance Market Overview
6.2 Global Credit Insurance Market Forecast and Analysis
7. Credit Insurance Market Revenue and Forecasts To 2025 - Component
7.2 Global Credit Insurance Market Breakdown, by Components, 2017 & 2025
7.2.1 Products Market
7.2.2 Services Market
8. Credit Insurance Market Revenue and Forecasts To 2025 - Enterprise Size
8.2 Global Credit Insurance Market Breakdown, by Enterprise Size, 2017 & 2025
8.3 Small & Medium Enterprise Market
8.4 Large Enterprise Market
9. Credit Insurance Market Revenue and Forecasts To 2025 - Application
9.2 Global Credit Insurance Market Breakdown, by Application, 2017 & 2025
9.3 Domestic Market
9.4 Export Market
10. Credit Insurance Market - Geographical Analysis
11. Industry Landscape
11.1 Market Initiative
11.2 Merger and Acquisition
11.3 New Development
12. Competitive Landscape
12.1 Competitive Product Mapping
12.2 Market Positioning - Global Top 5 Players Ranking
13. Credit Insurance Market, Key Company ProfilesEuler Hermes Atradius N.V. Coface SA American Internation Group, Inc. Credendo QBE Insurance Group Ltd. Zurich Insurance Group China Export & Credit Insurance Corporation CESCE Export Development Canada
For more information about this report visit https://www.researchandmarkets.com/research/p5fjdt/10_5_billion?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20181128005336/en/
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INDUSTRY KEYWORD: PROFESSIONAL SERVICES INSURANCE
SOURCE: Research and Markets
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PUB: 11/28/2018 06:20 AM/DISC: 11/28/2018 06:20 AM