Internet of Things (IoT) Insurance Market 2018 by Global Leaders: LexisNexis, Lemonade, Hippo Insurance, Accenture, Cognizant, Oracle, Zonoff, Capgemini, SAP SE

Market Research Future published a research report on “Internet of Things (IoT) Insurance Market Research Report- Global Forecast 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.

Market Highlights

In this rapidly changing and technologically developing environment, internet of things is ever increasing. The market trend towards the Internet of things (IoT) and smart cities is driving the Internet of Things (IoT) Insurance market. The study indicates that due to rapid increase in internet of things it is becoming increasingly fragmented which as a result increases the need for internet of things testing.

The study indicates that Internet of Things (IoT) Insurance enables the IoT-enabled devices to provide intelligent data for insurers to help them track health, detect abnormalities, and reduce risks for policyholders. The study indicates that internet of things insurance would also decrease risk and reduce claim numbers. Thus, all these benefits from internet of things insurance boosts the internet of things insurance market. The challenges for internet of things insurance market includes privacy concerns, data loss concerns and network failure risks and others.

The Internet of Things (IoT) Insurance Market is growing rapidly over ~33% of CAGR and is expected to reach at USD ~9 Billion by the end of forecast period.

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Key Players

The prominent players in the Internet Of Things (Iot) Insurance Market are IBM Corporation (U.S.), Accenture (Ireland), Cognizant (U.S.), Oracle Corporation (U.S), Zonoff Inc. (U.S.), Capgemini (France), SAP SE (Germany), LexisNexis (U.S.), Lemonade Inc. (U.S.), Hippo Insurance (U.S.) among others.

Regional Analysis:

The regional analysis of Internet of Things (IoT) Insurance is being studied for region such as Asia pacific, North America, Europe and Rest of the World. It has been observed that North America is dominating the Internet of Things (IoT) Insurance market owing to many factors as, presence of developed economies such as United States, Canada, high investing power, early adoption of internet of things (IoT). Apart from it, development of new technologies such as IoT, Big data and others by many organization will have positive impact on market of Internet of Things (IoT) Insurance in this region. The Asia-Pacific region is expected to show a sudden hike in the IoT insurance market owing to factors such as rising internet of things penetration and increasing number of wearables, drones and others.

Internet of Things (IoT) Insurance Market Segmentation

The Internet of Things (IoT) Insurance market has been segmented on the basis of type of insurance and end-user. Looking through the insurance type segment it’s been observed that property and causality insurance is expected to dominate the Internet of Things (IoT) Insurance market by the forecast period. Depending on the end-user segment the Internet of Things (IoT) Insurance market consists of Automotive & Transport, Travel, Healthcare, Home and Commercial Buildings, Agriculture, Consumer Electronics and others. The study indicates that automotive and transport segment would dominate the market by the end of forecast period.

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Intended Audience

• Technology investors
• Key market innovators
• Hardware vendors
• Regulatory agencies
• IoT insurance providers
• IoT service providers
• Communication service providers
• Quality assurance providers
• IoT platform providers
• Third-party system integrators
• Application providers
• Research/Consultancy firms

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