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Earphones and Headphones Market to Reach USD 218278.0 Million by 2032, Growing at a 13.20% CAGR – Credence Research

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PUNE, India, March 5, 2025 /PRNewswire/ — The global Earphones and Headphones market was valued at USD 71,514.2 million in 2023 and is projected to grow significantly over the next decade. The market is expected to reach USD 218,278.0 million by 2032, reflecting a robust compound annual growth rate (CAGR) of 13.20% between 2024 and 2032. The increasing adoption of wireless audio devices, advancements in noise-cancellation technologies, and the rising popularity of music streaming services are major factors driving the growth of the market. Furthermore, the growing trend of fitness and wellness, where wireless earbuds are used for hands-free activities, is also contributing to the demand.

The expansion of the market is supported by the continuous innovations in the design and functionality of headphones and earphones. Technological advancements, such as the integration of AI for personalized sound experiences, as well as the increasing use of smart features like voice assistants, are enhancing the appeal of these devices. Additionally, the rise in disposable income, particularly in emerging markets, is enabling more consumers to invest in premium audio devices. The market is further benefiting from the increasing demand for gaming headphones, which are tailored for high-quality, immersive sound experiences. These factors collectively position the global Headphones and Earphones market for substantial growth in the coming years.

Key Growth Determinants

Technological Advancements
One of the key drivers of the growth in the Headphones and Earphones market is the rapid pace of technological innovation. The integration of advanced features such as noise cancellation, AI-driven sound customization, and seamless connectivity with various devices enhances the overall consumer experience. Wireless and Bluetooth technologies continue to improve, offering consumers enhanced convenience and mobility. Moreover, the introduction of smart headphones with voice assistants, touch controls, and health monitoring capabilities has further expanded the appeal of these products.

Growing Consumer Demand for Wireless and Portable Devices
The increasing preference for wireless headphones and earphones is a significant growth factor in the market. Consumers are shifting away from traditional wired devices due to the convenience, portability, and advanced features offered by wireless models. This trend is fueled by the growing adoption of Bluetooth technology and the widespread use of smartphones, laptops, and other portable devices. Additionally, as consumers embrace fitness and on-the-go lifestyles, the demand for lightweight and comfortable wireless earphones continues to rise, propelling the market forward.

Rising Popularity of Music Streaming and Gaming
The growing consumption of music through streaming platforms such as Spotify, Apple Music, and YouTube has spurred the demand for high-quality headphones and earphones. With an increasing number of consumers subscribing to these services, there is a higher need for audio products that deliver immersive listening experiences. Similarly, the rise in popularity of gaming and eSports has driven demand for specialized gaming headphones, which offer superior sound quality and comfort for long gaming sessions. Both trends are essential drivers of the market’s expansion.

Rising Disposable Incomes in Emerging Markets
The increasing disposable income in emerging economies, particularly in regions such as Asia Pacific and Latin America, is contributing to the growth of the Headphones and Earphones market. As middle-class populations expand and purchasing power increases, more consumers in these regions are able to invest in premium audio devices. The growing urbanization and improved lifestyles also play a significant role in driving the demand for high-quality audio products in these regions, further contributing to market growth.

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Key Growth Barriers

High Price of Premium Products
One of the primary growth barriers in the Headphones and Earphones market is the high price associated with premium and advanced audio devices. While consumers are increasingly seeking high-quality, feature-rich products such as noise-canceling headphones and smart earphones, these premium devices often come with a steep price tag. As a result, budget-conscious consumers may opt for more affordable options, limiting the market reach of high-end audio brands. The price sensitivity in certain regions, particularly in emerging markets, can hinder the growth of premium product segments.

Intense Market Competition
The headphones and earphones market is highly competitive, with numerous established and new players vying for market share. This intense competition, particularly from low-cost and generic brands, creates pricing pressures that can affect the profitability of leading brands. Consumers often have a wide range of options at various price points, which makes it challenging for brands to differentiate their products solely on price. As a result, manufacturers must invest heavily in research and development, marketing, and brand positioning to maintain a competitive edge, increasing operational costs.

Product Quality and Durability Concerns
Despite the advancements in technology, some consumers still face challenges related to the durability and quality of headphones and earphones. Products may experience issues such as wear and tear, connectivity problems, or shorter lifespans, especially with low-cost models. Poor product quality can negatively impact consumer satisfaction and brand loyalty, leading to decreased demand for certain products. The frequency of defects or malfunctions can discourage potential buyers from investing in higher-end products or specific brands, restricting market growth.

Economic Uncertainty and Consumer Spending
Global economic instability and inflationary pressures can act as a barrier to market growth. During periods of economic downturn or uncertainty, consumers may become more cautious with discretionary spending, affecting the demand for non-essential products like headphones and earphones. The reduction in consumer spending power, particularly in developed markets, may result in lower sales, as consumers prioritize essential goods over luxury or entertainment products. The market could face additional challenges if the global economy continues to fluctuate, impacting both demand and profitability.

Segmentation

By Type:

Over-Ear HeadphonesOn-Ear HeadphonesIn-Ear Earphones/Earphones

By Technology:

Wired Headphones/EarphonesWireless Headphones/EarphonesBlutoothRadio Frequency (RF)Infrared (IR)Others

By Application:

Music and EntertainmentGamingFitness and SportsCommunicationOthers

By Distribution Channel:

ConsumerResidentialCommercialProfessionalStudio MonitoringDJ MonitoringGaming CompetitionsOthers

By Price Range:

Low-RangeMid-RangeHigh-Range

By Distribution Channel:

Online RetailOffline RetailElectronics StoresDepartmental StoresOthers

By Features:

Active Noise Cancelling (ANC)Built-in MicrophoneTouch ControlsWireless ChargingWater and Sweat ResistanceCustomizable EQ SettingsFoldable/Portable DesignOthers

By Brand:

Global BrandsLocal Brands

By Region

North America The U.S.CanadaMexicoEuropeGermanyFranceThe U.K.ItalySpainRest of EuropeAsia PacificChinaJapanIndiaSouth KoreaSouth-east AsiaRest of Asia PacificLatin AmericaBrazilArgentinaRest of Latin AmericaMiddle East & AfricaGCC CountriesSouth AfricaRest of Middle East and Africa

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Regional Analysis

North America
North America remains a significant market for headphones and earphones, driven by high consumer demand, technological innovation, and a mature retail landscape. The United States, in particular, is a key player, with a large and diverse consumer base that values high-quality audio products. The growing popularity of wireless devices, coupled with the rise of smart and gaming headphones, has spurred demand across various consumer segments. Additionally, the region’s strong e-commerce presence and availability of premium brands contribute to market growth. However, intense competition and price sensitivity in certain segments pose challenges to manufacturers. The market is expected to maintain steady growth due to continued technological advancements and an increasing preference for portable, wireless audio devices.

Europe
The European market for headphones and earphones is driven by increasing consumer demand for both premium and budget-friendly audio products. Countries like Germany, the UK, and France have seen significant growth, with wireless headphones gaining traction due to their convenience and ease of use. The popularity of streaming services, fitness apps, and eSports has fueled demand for high-performance audio equipment in Europe. However, economic factors such as fluctuating currency rates and varying consumer spending power across countries can impact growth. The region’s focus on sustainability also influences the market, with eco-friendly materials and energy-efficient technologies becoming more important to consumers. Despite these challenges, the European market is projected to continue growing at a healthy pace.

Asia Pacific
The Asia Pacific region is expected to witness the highest growth in the headphones and earphones market, driven by increasing disposable incomes, growing urbanization, and a rising middle class in countries like China, India, and Japan. The demand for both wired and wireless devices is surging, with consumers looking for products that offer convenience, superior sound quality, and durability. In addition, the rapid adoption of smartphones, music streaming platforms, and mobile gaming has further boosted demand for portable audio products. The presence of several leading manufacturers in the region also facilitates a competitive market environment, offering consumers a wide variety of choices at different price points. The Asia Pacific market is set for robust growth, supported by technological innovations and increasing consumer purchasing power.

Latin America
Latin America’s headphones and earphones market is experiencing steady growth, primarily driven by the increasing adoption of wireless and affordable audio devices. Countries like Brazil and Mexico represent the largest markets in the region, with a growing interest in consumer electronics and mobile entertainment. The rising use of smartphones and the expanding middle class contribute to the growing demand for high-quality audio products. However, the market is still price-sensitive, and many consumers opt for budget-friendly options. Economic factors, including inflation and currency fluctuations, can influence consumer spending power, potentially limiting the growth of premium segments. Despite these challenges, the Latin American market shows promise, with growing interest in innovative audio products and rising digital media consumption.

Middle East and Africa
The Middle East and Africa (MEA) market for headphones and earphones is relatively smaller compared to other regions but is experiencing gradual growth. Increasing internet penetration, mobile device usage, and music streaming have boosted demand for audio products, particularly in countries like the UAE, Saudi Arabia, and South Africa. Wireless earphones and premium sound systems are gaining popularity, especially among the tech-savvy population in urban areas. However, the region faces challenges such as lower disposable income in certain countries and geopolitical instability, which can affect market growth. Despite these challenges, the MEA region offers growth potential, particularly in urbanized areas where consumer electronics are in high demand. The demand for high-quality audio products is expected to rise as the region experiences economic diversification and growth in digital media consumption.

Credence Research’s Competitive Landscape Analysis

The competitive landscape of the headphones and earphones market is characterized by a diverse range of established global players, emerging brands, and local manufacturers vying for market share. Key players in the market, such as Sony Corporation, Apple Inc., Bose Corporation, and Sennheiser Electronics, dominate the higher-end segment with their premium offerings, focusing on advanced features like noise cancellation, smart integration, and superior sound quality. These companies leverage strong brand recognition, extensive distribution networks, and continuous product innovation to maintain their leadership positions in the market. For instance, Apple’s AirPods have achieved widespread popularity, thanks to seamless integration with Apple devices and a strong brand following.

In addition to the global giants, there is also significant competition from brands focusing on affordability and targeting budget-conscious consumers. Companies like Xiaomi, JBL, and Anker have gained substantial market traction by offering competitive pricing without compromising on essential features such as wireless connectivity and sound quality. These brands are particularly popular in emerging markets, where consumers often prioritize value-for-money products.

Emerging brands, especially in regions like Asia Pacific, have also been ramping up their presence by introducing specialized features tailored to specific consumer needs, such as gaming headphones, sports earphones, and wireless earphones with fitness tracking. Furthermore, local manufacturers in regions like India and Southeast Asia are increasingly contributing to market competition by offering cost-effective alternatives with regional customization.

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Key Market Companies

Alclair Audio, Inc.Apple, Inc.Bose CorporationGrado LabsJVC Kenwood CorporationKoninklijke Philips N.V.Logitech, Inc.Panasonic CorporationPlantronics, Inc. (Acquired by HP Inc.)Pioneer CorporationSennheiser Electronic GmbH & Co. KG (Acquired by Sonova)SAMSUNG (Including Harman International Industries, Incorporated)Shure IncorporatedSkullcandy, Inc. (Acquired by Mill Road Capital)

Recent Industry Developments

July 2024: Dyson, renowned for its premium home appliances and audio products, unveiled the OnTrac wireless headphones, offering a range of advanced features including customizable earcups and cushions. The headphones are equipped with a proprietary Active Noise Cancellation (ANC) algorithm that uses eight microphones to sample external sounds 384,000 times per second, achieving noise reduction of up to 40 dB.October 2023: Shure partnered with musician TobyMac to enhance sound quality for faith leaders by providing wireless audio solutions. This collaboration aims to help churches, regardless of size, budget, or experience level, create reliable audio environments that deliver an immersive and exciting worship experience.September 2023: TP Vision and Kokoon introduced the Koninklijke Philips N.V. (Philips) N7808 sleep headphones, a combination of TP Vision’s design expertise and Kokoon’s sleep science research. These ultra-thin (6mm) earbuds offer maximum comfort and feature smart functions like audio fading to promote sleep. Through the Kokoon App, users can track their sleep patterns and receive personalized coaching, with a trial version available for basic functionality and a paid membership option for additional features.September 2023: Bose Corporation launched new additions to its QuietComfort line, including the QuietComfort Ultra Headphones, Earbuds, and the standard QuietComfort Headphones. These models maintain the series’ reputation for exceptional noise cancellation, superior audio quality, and unparalleled comfort. The QC Ultra variations also feature a luxury design and Bose Immersive Audio for an enhanced listening experience.March 2023: Bose Corporation introduced the QuietComfort Ultra series, an upgraded version of its renowned wireless headphones and earbuds. The new Ultra series offers advanced spatialized audio, improved immersion, enhanced noise cancellation, and a refined design made from premium materials.February 2022: Skullcandy, Inc. partnered with Anheuser-Busch to release a limited-edition line of headphones and earbuds. The collaboration resulted in restyled Skullcandy Crusher Evo True Wireless Headphones and Sesh Evo, Dime, and Indy Evo true wireless earbuds, available exclusively on Skullcandy.com.2023: Apple launched the AirPods Pro (2nd generation) with MagSafe Charging (USB-C), further enhancing the popular device. The updated AirPods Pro feature increased dust resistance, USB-C charging capabilities, and Lossless Audio support with Apple Vision Pro. Additionally, iOS 17.1 unlocks new features like Conversation Awareness and Adaptive Audio, further elevating the listening experience.

Reasons to Purchase this Report:

Gain a comprehensive understanding of the market through qualitative and quantitative analyses, considering both economic and non-economic factors, with segmentation and sub-segmentation details provided in terms of market value (USD Billion).Identify regions and segments expected to experience the fastest growth or dominate the market, with a detailed analysis of geographic consumption patterns and the factors driving or hindering market performance in each region.Stay informed about the competitive environment, with rankings of major players, recent product and service launches, partnerships, business expansions, and acquisitions from the past five years.Access detailed profiles of major market players, including company overviews, insights, product benchmarking, and SWOT analysis, to understand competitive advantages and market positioning.Explore the present and forecasted market landscape, with insights into growth opportunities, market drivers, challenges, and constraints for both developed and emerging regions.Benefit from Porter’s Five Forces analysis and Value Chain insights to evaluate various market perspectives and competitive dynamics.Understand the evolving market scenario, including potential growth opportunities and trends expected in the coming years.

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Technology

MARIANA MINERALS RESTARTS UTAH COPPER MINE AS THE WORLD’S ONLY AUTONOMOUS-FIRST MINE AND REFINERY

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April 27, 2026

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Software-first minerals company integrates autonomous haulage, drilling, and robotic sensing across mining and refining under a single AI operating platform

SAN JUAN COUNTY, Utah, April 27, 2026 /PRNewswire/ — Mariana Minerals, the world’s only software-first, vertically integrated minerals company, today announced the restart of mining operations at Copper One in southeastern Utah. The restart marks a milestone in mining history: Copper One becomes the world’s first mine to deploy autonomous tools across all three operational domains (mining, refining, and capital project execution) unified under a single operating system.

Mariana acquired Lisbon Valley Mining Company in Q4 2025, gaining control of a roughly 10,000-acre permitted land package that has produced high-purity copper cathode since 2009. While refinery operations continued uninterrupted, mining was paused in late 2024. Mining operations resume this month with autonomous systems and autonomous orchestration active from day one.

“Copper One will be the first mine where delivering end-to-end autonomy is the priority, where it’s being rapidly deployed across mining and refining operations and coordinated by our internal software stack. That’s what MarianaOS makes possible. We chose to prove it here because the stakes are real: the U.S. has a structural copper deficit, and the window to close it is narrowing. We’re producing now and ramping output aggressively, with the primary goal of achieving fully-autonomous mining operations,” said Turner Caldwell, Co-Founder & CEO, Mariana Minerals.

MarianaOS: An Autonomy-First Mining Operating System
What makes Copper One unprecedented is not any single piece of autonomous equipment, but the intelligence layer coordinating them. MarianaOS integrates three core subsystems, MineOS, PlantOS, and CapitalProjectOS, into a unified platform spanning project execution through copper production.

On the mining side, Copper One will begin with integrating three best-in-class autonomous equipment platforms. Pronto’s turnkey Autonomous Haulage System (AHS) uses camera-based machine learning and Global Navigation Satellite Systems (GNSS) to enable fully driverless haul truck operation, with OEM-agnostic retrofit capability across mixed fleets. Sandvik’s AutoMine® platform enables autonomous production drilling, allowing operators to simultaneously monitor multiple surface machine operations from a remote-operations control center. And Boston Dynamics’ Spot quadruped robots autonomously patrol the open pit, heap leach pad, and solvent extraction-electrowinning (SX-EW) refinery infrastructure. All of these data feed directly into MineOS, enabling fleet-wide optimization and continuous improvement.

PlantOS extends autonomous operations into refining by integrating real-time sensor data across the entire refining process (solution chemistry, flow rates, temperature, and electrowinning cell performance) into a unified control system. Machine learning models predict process drift, automatically adjust reagent dosing, and flags maintenance needs before they impact output. The result is a continuously optimized refinery that operates with minimal human intervention.

CapitalProjectOS redefines how capital-intensive infrastructure projects are planned and executed. Traditional projects often take a decade or more and frequently suffer from chronic cost overruns. CapitalProjectOS integrates process development, engineering, procurement, construction, and commissioning data into a single platform that enables real-time progress tracking, predictive risk modeling, and automated schedule optimization. At Copper One, CapitalProjectOS is managing the expansion roadmap to scale output to 50,000 metric tons per year, coordinating heap leach pad expansions, refinery upgrades, and autonomous equipment deployment in parallel.

Built to Move Fast
While Mariana is actively constructing and developing greenfield projects – with the goal of compressing engineering, procurement, construction, and commissioning timelines leveraging CapitalProjectOS – Copper One is uniquely positioned to accelerate deployment of MarianaOS at scale. With an existing open pit mine, heap leach pad, and SX-EW refining infrastructure already in place, Mariana will rapidly ramp production that would take years to replicate elsewhere.

Mariana’s longer-term plan is to scale Copper One output to 50,000 metric tons per year of high-purity copper cathode by 2030, leveraging additional proven deposits on the property and integrating copper scrap recycling.

A Critical Supply Gap
The U.S. currently imports approximately 50% of its refined copper. With domestic demand projected to nearly double by 2035 — driven by AI data centers, defense systems, EVs, and grid modernization — the supply gap is a national security issue. The Trump Administration’s Section 232 investigation cited copper imports as a direct concern, and the Pentagon has identified critical minerals vulnerability as a threat to the defense industrial base.

Domestic operations like Copper One, and the step-change in productivity that autonomous operations deliver, have become strategically essential.

About Mariana Minerals
Mariana engineers, builds, and operates mines and refineries, using proprietary AI and machine learning tools to accelerate project execution and optimize production across critically needed metals. Copper One is Mariana’s second active project, alongside Lithium One, the world’s first GWh-scale lithium extraction facility from oil and gas produced water, currently under construction in East Texas. Mariana has raised $120 million in total capital, including a Series A led by Andreessen Horowitz with participation from Breakthrough Energy Ventures, Khosla Ventures, and strategic investors.

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SOURCE Mariana Minerals

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State CISOs Report Lower Confidence Across the Public Sector Cyber Ecosystem, 2026 NASCIO-Deloitte Survey Finds

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April 27, 2026

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The 2026 National Association of Chief Information Officers – Deloitte biennial cybersecurity study finds state officials face increasingly sophisticated threats, including new artificial intelligence-enabled tactics, and highlights steps CISOs are taking to better protect public data and critical digital services

NEW YORK, April 27, 2026 /PRNewswire/ — 

Key takeaways

The survey of Chief Information Security Officers (CISOs) from all 50 states and two territories found that just 26% of state CISOs are “extremely” or “very” confident that their state’s information assets are protected from cyber threats, down from 48% in 2022.Implementing effectiveness metrics is now CISOs’ top priority: 49% named it a top cybersecurity initiative in 2026, up from 15% in 2022.Nearly all state CISOs (94%) said they are involved in developing Generative AI security policies and 84% are involved in Generative AI strategy development.Budget pressure is rising with 16% of CISOs reporting their budgets have been cut, up from none in 2024.The percentage of CISOs who described themselves as “not very confident” in the ability of local government and public higher education to secure public data rose significantly, from 35% in 2022 to 63% in 2026.

Why this decline in confidence matters
States share data and systems with counties, cities, and public colleges and universities, so a vulnerability in one network can cascade, exposing personal information, disrupting essential services and driving costly incident response. As attackers adopt AI-enabled tactics, the urgency is growing for faster coordination, clearer policy and stronger baseline defenses across the public sector. This may explain why roughly one-fifth of CISOs indicated that their states were moving toward a “whole-of-state” approach to cybersecurity.

Metrics reporting becomes CISOs’ top priority
Top priorities for CISOs have shifted since the 2024 survey. When asked to identify their states’ top cybersecurity initiatives for 2026, half of CISOs named implementing effectiveness metrics (49%, up from 25% in 2024 and 15% in 2022). Capturing the effectiveness of cyber spending can be difficult, but without metrics, it is challenging to show the benefits of investments. Tracking operational, compliance and risk-based key performance indicators, such as incident response time and phishing click rate, can help demonstrate the return on cyber investment.

AI both accelerates threats and becomes a frontline defense
AI is accelerating the scale and sophistication of attacks targeting public sector systems, making it easier and cheaper for adversaries to generate and automate cyberattacks. CISOs also point to an emerging threat toolkit, including deepfakes that can fool people and evade detection, AI agents that probe for weaknesses and adapt, and AI-driven ransomware-as-a-service operations.

At the same time, CISOs describe AI as a practical way to keep pace, using it to triage security alerts, summarize events, and explore faster report creation, threat identification and training. Several states are already utilizing Generative AI in core security operations, including security information and event management (SIEM) and security orchestration, automation and response (SOAR). The report also underscores how central CISOs have become to state AI efforts.

Key quotes
“We’re seeing more states move toward a ‘whole-of-state’ cybersecurity approach where the state helps extend protection beyond state agencies to local governments, public education and other critical entities that can become an entry point for attackers. At its core, it’s about scaling capabilities through shared services and better collaboration so a weakness in one part of the ecosystem doesn’t become a statewide incident. Many states are looking to scale capabilities through security operations centers and regional support, so counties, cities and schools can benefit from the same cyber-defense muscle as the enterprise.”

Mike Wyatt, Stale local and higher education cyber risk leader, Deloitte

“It’s an encouraging development that state CISOs are being placed at the center of Generative AI security. They are helping shape the strategy, establishing security policies and reviewing proposed use cases. By being involved from the beginning, CISOs are helping governments move faster without sacrificing safeguards because security and governance complement each other. We’re also seeing CISOs explore practical uses of AI to strengthen day-to-day defense, while putting clearer guardrails around responsible uses.”

Meredith Ward, deputy executive director, NASCIO

Additional data
To read the 2026 NASCIO-Deloitte report in its entirety, click here.

About NASCIO
The National Association of State Chief Information Officers is the premier network and resource for state CIOs and a leading advocate for technology policy at all levels of government. NASCIO represents state chief information officers and information technology executives from the states, territories, and the District of Columbia. For more information about NASCIO visit www.nascio.org.

As used in this document, “Deloitte” means Deloitte & Touche LLP, a subsidiary of Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of our legal structure. Certain services may not be available to attest clients under the rules and regulations of public accounting.

 

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SOURCE Deloitte

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Duck Creek Kicks Off Formation ’26 as Strong Fiscal Momentum Signals Accelerating Demand for its Intelligent Core Insurance Platform

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April 27, 2026

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Company highlights double-digit SaaS growth, global expansion, and launch of its new agentic AI platform as industry leaders gather in Orlando

BOSTON, April 27, 2026 /CNW/ — Duck Creek Technologies, the intelligent core of insurance, today kicks off Formation ’26: Agents of Innovation, its flagship user conference, as the company builds strong momentum in the first half of fiscal 2026, marked by double-digit year-over-year SaaS ARR growth fueled by new logos and expansion across its global customer base.

Duck Creek’s strong start to fiscal 2026 reflects this demand, with double-digit new customer wins and existing customer expansions across its core, specialty, and AI-powered solutions. Adoption of Duck Creek’s intelligent cloud continues to scale globally. Insurers are selecting Duck Creek for its enterprise depth including policy, billing, claims, rating, loss control, reinsurance, distribution management, and payments solutions to operate faster, more accurately, and maintain regulatory compliance.

“We are expanding our leadership in insurance technology with more than 370 customers globally. Including 33 of the top 50 North American insurers,” said Hardeep Gulati, Chief Executive Officer of Duck Creek. “Insurers modernizing their core systems are looking for more from their technology. They need a trusted partner like Duck Creek with proven enterprise scale and speed-to-value to help them drive profitable impact and growth. At Formation, we are excited to announce our new agentic platform that will help further improve the combined ratios for insurers with more than $150B in premium flowing through Duck Creek annually.”

Formation ’26 will bring together more than 800 insurance professionals, ecosystem partners, and industry leaders to explore how technology is transforming the insurance lifecycle. The event underscores growing market demand for intelligent, cloud-native platforms that enable insurers to accelerate cloud migration, product development, and automate core insurance workflows to accelerate decision-making and improve operational agility. A highlight of the event will be Duck Creek unveiling its agentic AI platform and showcasing live demonstrations of agentic applications and agents.

Formation ’26 will feature a distinguished lineup of guest speakers joining Gulati during his keynote, including Stephen Lord, Global CIO of AXIS Capital, and Monti Saroya, Senior Managing Director and Co-Head of the Flagship Fund at Vista Equity Partners. Together, they will share perspectives on large-scale transformation, AI adoption, and the future of agentic insurance.

The conference will also include a customer panel moderated by Chief Operating Officer Chris McCloskey, featuring leaders from Core Specialty, Europ Assistance, and Arbella Insurance, who will discuss their transformation journeys and business outcomes achieved through modern core systems. An analyst panel moderated by SVP of Sales William Magowan will bring together experts from AM Best, Celent, and Datos Insights to provide an external view on market trends and innovation benchmarks.

Customer Momentum

Millers Mutual Insurance advanced its modernization strategy with Duck Creek OnDemand, implementing Policy, Billing, and Reinsurance Clarity to modernize its core systems and support continued growth in the multifamily housing insurance market.Anchor Group Management Inc. partnered with Duck Creek to modernize its insurance payments infrastructure, enabling more streamlined billing processes and improved digital payment experiences for policyholders.Frankenmuth Insurance adopted Duck Creek OnDemand Distribution Management to transform how it manages agencies and producers, increasing visibility, improving operational efficiency, and strengthening collaboration across its distribution network.Indigo Insurance turned to Duck Creek OnDemand to accelerate its modernization strategy and support rapid growth, gaining a scalable cloud-based core platform designed to bring new products to market faster.Encova Insurance went live on an upgraded Duck Creek OnDemand Distribution Management system, unifying agency operations across lines of business, streamlining onboarding, and improving the overall agent experience.New Zealand’s Medical Assurance Society (MAS) selected Duck Creek’s full suite of core solutions delivered via OnDemand to modernize its general insurance business, enhance member experiences, and support a broader digital and data-driven transformation.Country-Wide Insurance selected Duck Creek Clarity to strengthen its data and analytics capabilities, enabling real-time insights and preparing for its upcoming OnDemand go-live with Active Delivery.Fortegra selected Duck Creek Reinsurance and Duck Creek Clarity to modernize financial operations, improve portfolio transparency, and support continued growth across products, geographies, and distribution models.Duck Creek secured more than a dozen additional new customer engagements across commercial specialty and personal lines.

Industry Recognition

Named a Leader in the 2025 Gartner Magic Quadrant for SaaS P&C Insurance Core Platforms North America, marking the seventh consecutive year the company has been recognized as a Leader.Named a Leader in the Everest Group 2025 Underwriting Orchestration Products PEAK Matrix Assessment, recognizing Duck Creek’s strength in delivering AI-driven underwriting, integrated core workflows, and measurable value across global P&C carriers.Featured in Everest Group’s 2026 Voice of the Customer Report for Insurance CXOPs, outperforming both core system peers and the market average, with customers citing strengths in seamless implementation, deep core system integration, and enterprise scalability and more.Received the 2025 IDC FinTech Real Results Award for Insurance Transformation for measurable customer outcomes.

About Duck Creek

Duck Creek is the intelligent core that leading insurers choose to build on. Purpose-built for property and casualty (P&C) and general insurance, Duck Creek unifies the full insurance lifecycle on a single platform with one data foundation. As an agentic platform, it connects intelligence across underwriting, policy, billing, claims, and payments workflows where decisions are made and compliance is non-negotiable. Duck Creek enables carriers to launch products faster, adapt quickly to change, and grow with precision and confidence. Solutions are available individually or as a full suite via Duck Creek OnDemand. Visit www.duckcreek.com and follow Duck Creek on LinkedIn and X.

Media Contacts:  
Marianne Dempsey / Tara Stred  
duckcreek@threeringsinc.com

 

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SOURCE Duck Creek Technologies, Inc.

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