A key driving factor for the growth of the market is the growing adoption of Internet of Things (IoT) for various insurance applications such as health, life, automobiles, travel, and agriculture sectors, among others. The IoT-enabled devices provide intelligent data for insurers to monitor and track the status and monitor data that helps insurers to manage claims and reduce risks.
The IoT Insurance Market to Grow steadily at a CAGR of +65% during the forecast period.
This market research report gives an in-depth idea about the Global IoT Insurance Market. It highlights the recent market scenario, growth in the past few years, and opportunities present for manufacturers in the future.
In this research for the completion of both primary and secondary details, various methods and tools are used.
Also, investments instigated by organizations, government, non-government bodies, and institutions are projected in details for better understanding about the market.
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Companies Profiled in this report includes, IBM Corporation, Accenture, Cognizant, Oracle Corporation, Zonoff Inc, Capgemini, SAP SE, LexisNexis, Lemonade Inc, Hippo Insurance, among others.
Most of the automotive insurance industries offer usage-based insurance for drivers and car owners. The IoT-based devices such as in-vehicle sensors, global positioning systems, and other on-board devices generate informative data for insurance industry.
Data such as speed, acceleration, and distance driven is collected by insurers and is used to accurately access premium policies and reduce frauds. Additionally, the policyholders are able to get rewards for good driving behavior and improve the driving habits.
Hence, IoT would be able to reduce the cost of premiums and strengthen customer relationships. The adoption of telematics in UBI enhances the underwriting process and speed up the insurance claim process.
Compressive outline of IoT Insurance Market depending on key factors and segmentations such as end users, applications, regions and products is elaborated. Estimated revenue and volume growth of IoT Insurance Market over the mentioned forecast period of 2018 to 2025 is also explained in detail.
Former and current state of shares of the major key regions are mentioned such that the idea of the best investment region can be drawn out.
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The report provides an in-depth analysis of the IoT Insurance Market across different industry verticals and regions. The IoT Insurance Market is segmented across the Geographical regions namely North America, Europe, Asia Pacific and Rest of World.
The MDM market is dominated by the North American Region followed by Europe and APAC.
The report further analyzes the competitive landscape in this market by examining the profiles of the established market players to gain an insight into the current market hierarchy. The existing and the forthcoming ventures in the worldwide market for IoT Insurance has also been discussed in this research report in details, making it a valuable resource for guidance for the stakeholders functional in this market.
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Table of Contents
Global IoT Insurance Market Research Report
Chapter 1 Global IoT Insurance Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Production, Revenue (Value) by Region
Chapter 5 Global Supply (Production), Consumption, Export
Chapter 6 Global Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Global Market Forecast
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