Annuity Platform market expected to reach USD 16.61 Billion by year 2028, at a CAGR of 15.60%.
Market Size – USD 5,132.5 Million in 2020, Market Growth - CAGR of 15.60%. Market Trends – Improving operational efficiency and reduce total cost of ownership to boost the annuity platform market. The global Annuity Platform market was valued at USD 5,132.5 Million in 2020 and is expected to reach USD 16.61 Billion by year 2028, at a CAGR of 15.60%. 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 sec