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IoT Insurance Global Industry CAGR of 65.82% by Market Insurance Type, Insurance Application, Geography, Outlook to 2024
"IoT Insurance"
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Global IoT Insurance Market accounted for USD 2.07 billion in 2016 and is projected to grow at a CAGR of 65.82% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Report Definition:
Internet of Things (IoT) insurance has transformed the insurance industry as it allows customer with range of products offering, accessing options. It enhances the customer relationships, gets a precise understanding about their customer along with their changing needs. Thus, as results improves the insurance model and grows the demand for new technologies related to it.
Global IoT Insurance Market Company Analysis:
• SAP SE
• Google Inc.
• Cisco Systems
• Concirrus
• IBM
• Microsoft
• Oracle
• Accenture
• LexisNexis
• VERISK ANALYTICS
• Zonoff, Inc.
Report Segmentation:
On the basis of insurance type, global IoT insurance market is segmented into life insurance, health insurance, property and casualty (P&C) insurance and other. Other types of insurance do involve warranty insurance, pension insurance, farmers insurance, pet insurance, cyber insurance, savings and investments insurance.
On the basis of insurance application, global IoT insurance market is segmented into life and health, automotive and transportation, consumer electronics and industrial machines, home and commercial buildings, travel, business and enterprise and agriculture. Life and health is sub segmented into patient health monitoring, security and emergency and proactive loss prevention. Automotive and transportation is sub segmented into connected cars, logistic and navigation, stolen vehicle recovery, fleet management, inventory management and insurance telematics.
On the basis of geography, the global IoT insurance market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East and Africa.
Some of the major countries covered in this report are:
• U.S., Canada
• Germany
• France
• U.K.
• Netherlands
• Switzerland
• Turkey
• Russia
• China
• India
• South Korea
• Japan
• Australia
• Singapore
• Saudi Arabia
• South Africa
• Brazil among others.
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Competitive Landscape:
The global IoT insurance market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.
Major Market Drivers:
• Improvement in the insurance model as well as startups
• Rising adoption in both developed and developing economy
• Increasing demand regarding value added services and cloud platform
Major Market Restraints:
• Risk of data privacy
Research Methodology:
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your inquiry.
Some of the key research methodologies used by DBMR Research team is Vendor Positioning Grid, Technology Life Line Curve, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Company Sales, Multivariate Modeling, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about of research skills drop an inquiry to speak to our industry experts.
View Full Report Visit @ http://databridgemarketresearch.com/reports/global-iot-insurance-market/
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