The Global Internet of Things (IoT) Insurance Market research report is a complete study that summarizes the most recent changes and advancements in the Internet of Things (IoT) Insurance industry, with 2018 acting as the base year and the forecast year being 2021–2028. The analysis provides useful details on the market's size, share, sales channels, distribution system, market segmentation, consumer needs, industry trends, and potential for future growth. The research also looks at both global and regional market growth. The paper examines the COVID-19 pandemic's implications for the market for Internet of Things (IoT) Insurance and its key segments.
The global Internet of Things (IoT) insurance market is expected to reach a market size of USD 775.65 Billion by 2028 and register a high revenue CAGR, according to the latest analysis by Emergen Research. Increasing demand for IoT devices in the insurance industry to enhance customer experience is the key factor driving the global Internet of Things (IoT) insurance market's growth during the forecast period. Besides, growing demand for value-added services is expected to propel global Internet of Things (IoT) insurance market growth during the forecast period. Furthermore, increasing adoption of Internet of Things (IoT) devices in developing and developed countries is expected to augment global Internet of Things (IoT) insurance market growth going ahead.
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Competitive Landscape:
The latest study provides an insightful analysis of the broad competitive landscape of the global Internet of Things (IoT) Insurance market, emphasizing the key market rivals and their company profiles. A wide array of strategic initiatives, such as new business deals, mergers acquisitions, collaborations, joint ventures, technological upgradation, and recent product launches, undertaken by these companies has been discussed in the report. The report analyzes various elements of the market’s competitive scenario, such as the regulatory standards and policies implemented across the industry over recent years. Our team of experts has leveraged several powerful analytical tools, such as Porter’s Five Forces analysis and SWOT analysis, to deliver a comprehensive overview of the global Internet of Things (IoT) Insurance market and pinpoint the fundamental growth trends.
The leading market contenders listed in the report are:
Google LLC, Microsoft Corporation, International Business Machines Corporation, Oracle Corporation, Cisco Systems, Inc., SAP SE, Accenture PLC, Wipro Ltd., Damco International AS, Capgemini SE
Global Internet of Things (IoT) Insurance Market Highlights:
- Regional demand estimation and forecast
- Product Mix Matrix
- RD Analysis
- Cost-Benefit Analysis
- Pre-commodity pricing volatility
- Supply chain optimization analysis
- Technological updates analysis
- Raw Material Sourcing Strategy
- Competitive Analysis
- Mergers Acquisitions
- Location Quotients Analysis
- Carbon Footprint Analysis
- Patent Analysis
- Vendor Management
Key Parameters Analyzed in This Section:
- Company Profiles
- Gross Revenue
- Profit margins
- Product sales trends
- Product pricing
- Industry Analysis
- Sales distribution channels
Regional Segmentation:
- North America
- Latin America
- Europe
- Middle East Africa
- Asia Pacific
Key Points Covered in This Section:
- Regional contribution
- Estimated revenue generation
- Vital data and information about the consumption rate in all the leading regional segments
- An expected rise in market share
- Forecast growth in the overall consumption rate
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Key Highlights in Report
- Increasing usage of IoT-driven devices in property casualty insurance to mitigate insurance costs and enhance risk management are some key factors driving revenue growth of the property casualty insurance segment, which is expected to register a significantly high CAGR of 62.7% over the forecast period.
- In terms of revenue share, connected car segment is expected to lead during the forecast period due to increasing application of telematics and IoT-driven sensors in cars.
- In terms of market share, the automotive segment is expected to account for the largest market share during the forecast period due to increasing adoption of IoT driven V2X-connected vehicles, which generate IoT data flow and evaluate premium costs.
- Due to robust presence of international market players, including Microsoft Corporation, Google LLC, Oracle Corporation, and Cisco Systems, Inc., among others in countries in North America, the market in the region is expected to lead in terms of revenue share among other regional markets during the forecast period.
Market Overview:
The report bifurcates the Internet of Things (IoT) Insurance market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Segments Covered in this report are:
- Insurance Type Outlook (Revenue, USD Billion; 2021–2028)
- Pension Insurance
- Warranty Insurance
- Cyber Insurance
- Life Insurance
- Property Casualty Insurance
- Health Insurance
- Others
- Application Outlook (Revenue, USD Billion; 2021–2028)
- Connected Home
- Connected Car
- Connected Health
- Commercial Lines
- Others
- End-use Outlook (Revenue, USD Billion; 2021–2028)
- Automotive
- Retail
- Industrial
- Residential
- Healthcare
- Logistics
- Others
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Key reasons to buy the Global Internet of Things (IoT) Insurance Market report:
- The latest report comprehensively studies the global Internet of Things (IoT) Insurance market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
- The report offers an insightful analysis of the regional outlook of the market.
- It offers a detailed account of the end-use applications of the products services offered by this industry.
- The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.
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