The global beneficiary management software market size accounted for USD 651 million in 2024 and is expected to exceed around USD 1,735.15 million by 2034, growing at a CAGR of 10.3% from 2024 to 2034.
The beneficiary management software market is growing because of rising necessity of a software to manage different beneficiary needs. The digital transformation has become a norm in the post pandemic era which has increased the demand for software like the beneficiary management. This software offers its users tailor-made solution designing software which is a significant contributor for the growth of beneficiary management software. The offering of personalized packages and solutions by major companies has benefitted the users of beneficiary management software with such provision of customizations.
The integration of advanced technologies like Internet of Things (IoT), Artificial Intelligence (AI) and Machine Learning (ML) are proving to be promising in the technology of the beneficiary management software. With AI and ML, features like- predictive analysis and proactive management has further boosted this software’s demand. IoT integrated wearable devices are crucial of recording and collecting data to provide real-time analysis, which is being implemented on a large scale in insurance and healthcare industry. This software has the capacity to detect fraudulent transactions. These factors are helping in the elevated growth of beneficiary management software market.
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| Stats ID: | 7667 |
| Format: | Databook |
| Published: | January 2025 |
| Price | US$ 1550 |
Immediate Delivery
| Stats ID: | 7667 |
| Format: | Databook |
| Published: | January 2025 |
| Price | US$ 1550 |
Immediate Delivery
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