August 2023 - In order to provide policyholders and insurers with the best possible customer experience, IBM and FGH Parent, L.P. announced that they have signed a USD 450 million deal to transform Fortitude Re's life insurance policy servicing operations through the use of AI technology and other automation tools.
September 2023 - Oracle presented new AI-powered features for Oracle Analytics Cloud. The new capabilities help analytics self-service customers conduct advanced analysis more quickly and effectively and make better business decisions without waiting for data scientists or IT teams, thanks to the Oracle Cloud Infrastructure (OCI) Generative AI service.
Author Credits: Abhishek Verma, Hetal Singh
Report ID: 3595
Published Date: Nov 30, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Growing implementation of big data and other related technologies, growing advancements in AI & ML technologies, and growing joint ventures between key players are the major factors driving the growth of the agreement analytics market.
The market size of agreement analytics is anticipated to attain a CAGR of 16% over the forecast period, i.e., 2024-2036.
The major players in the market are AT Internet, IBM, Oracle, FGH Parent, L.P., ESM Solutions Corporation, Tsuzuki Electric Co., Ltd., NTT DOCOMO, INC., MNTSQ Co., Ltd., DocuSign Japan, Inc., JGC Corporation and others.
The cloud-based segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.
The market in the North America region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.