Global Usage-Based Insurance Market Comprehensive Business Analysis By 2025 - Top Player are TomTom Telematics, Allianz, AXA, Progressive Insurance, Allstate, Allstate Canada, Desjardins, Generali, MAPFRE, Metromile, Aviva, Admiral Group Plc, Ageas Group

Global Usage-Based Insurance Market Report for 2018 intends to offer target audience with the fresh outlook on market and fill in the knowledge gaps with the help of processed information and opinions from our industry experts. This research study released by Data Bridge Market Research evaluating the market, highlighting opportunities, risk side analysis, and leveraged with strategic and tactical decision-making support. The Usage-Based Insurance report is a comprehensive business study on the current state of industry which analyses innovative strategies for business growth and describes important factors such as top manufacturers, production value, key regions, and growth rate. Our report proposed the industry growth element coupled with the current scenario and projecting future trends based on historical and comprehensive research with Detailed Porter's Five Forces Analysis.

KEY HIGHLIGHTS OF THE USAGE-BASED INSURANCE MARKET REPORT:

• Get enlightened information available on the Usage-Based Insurance market worldwide.

• Identify growth in various segments and investment opportunities. Benchmark fulfillment adjacent the key adversary.

• The main criterion related to Usage-Based Insurance industry area including the overall structure of the product, numbers of applications, price, demand, and supply are enfolded in this report.

• The research of emerging Usage-Based Insurance market section and extant industry segments will aid the investors or novice in formulating and developing business strategies.

• Facilitates decision making in view of noteworthy and gauging information also the drivers and limitations available of the market.

• Global Usage-Based Insurance Market share assessments for the regional and country level segments.

MARKET ANALYSIS OVERVIEW:

The Usage-Based Insurance industry is largely based on the driver and the usage of his vehicle and the way he drives. The premium is calculated on these factors which induces lower insurance premium and motivates the user to drive safer. These factors are driving the market and growing the market value from an estimated value of USD 21 billion in 2017 to an estimated value of USD 87.32 billion by 2025, also registering a CAGR of 19.5%.

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Market Drivers:

• Reduced Premium costs in comparison to normal automotive insurance, also increase in the vehicle sales has raised the demand for insurance of vehicles

• Technology is projected to advance in the coming years and hence, Usage-Based insurance which is majorly dependent on the technological aspect is projected to register significant market growth

Market Restraints:

• Usage-Based Insurance is dependent on the driving score. The technology used to calculate these driving scores is expected to be expensive in future, therefore, increasing the cost of the insurance will be a major restraining factor

• Government regulations are not clear on Usage-Based Insurance, which makes the whole process complicated as no clear regulations are set for the users

TABLE OF CONTENTS

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: MARKET LANDSCAPE

• Market ecosystem
• Market characteristics
• Market segmentation analysis

PART 05: PIPELINE ANALYSIS

• Pipeline analysis

PART 06: MARKET SIZING

• Market definition
• Market sizing
• Market size and forecast

PART 07: PORTER'S FIVE FORCES ANALYSIS

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

PART 08: MARKET SEGMENTATION

• Segmentation
• Comparison
• Market opportunity

PART 09: CUSTOMER LANDSCAPE

PART 10: REGIONAL LANDSCAPE

• Geographical segmentation
• Regional comparison
• North America
• South America
• Europe
• MEA
• APAC
• Market opportunity

PART 11: DECISION FRAMEWORK

PART 12: DRIVERS AND CHALLENGES

• Market drivers
• Market challenges

PART 13: MARKET TRENDS

PART 14: VENDOR LANDSCAPE

• Overview
• Landscape disruption

PART 15: VENDOR ANALYSIS

• Vendors covered
• Vendor classification
• Market positioning of vendors

PART 16: APPENDIX

• List of abbreviations

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MARKET SYNOPSIS

Global Usage-Based Insurance Market, By Package Type (PAYD, PHYD, MHYD), Technology (OBD-II, Smartphone, Embedded System, Black Box), Device (BYOD, Company Provided), Vehicle Age (New Vehicles, On-Road Vehicles), Electric & Hybrid Vehicles (HEV, PHEV, BEV), Vehicle Type (LDV, HDV), Geography (North America, South America, Europe, Asia Pacific, Middle East and Africa)– Industry Trends and Forecast to 2025.

COMPETITIVE ANALYSIS AND KEY POINT

The Global Usage-Based 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. The report includes market shares of Usage-Based Insurance market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

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COMPANIES COVERED

• Allianz,
• AXA,
• Progressive Insurance,
• Allstate,
• Allstate Canada,
• Desjardins,
• Generali,
• MAPFRE,
• Metromile,
• Aviva,
• Admiral Group Plc,
• Ageas Group,
• Octo Telematics,
• TomTom Telematics,
• Liberty Mutual Insurance,
• Intelligent Mechatronic Systems – IMS,
• Mitsui Sumitomo Insurance Co. (Europe) Ltd,
• Watchstone Group plc,
• Allianz Australia,
• Aviva Canada,
• Allianz Asia Pacific,
• AXA Insurance Company,
• AXA US,
• Aviva Asia,
• AXA Italia,
• AXA UK,
• Ageas UK,
• Liberty Mutual Insurance Europe Limited

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MARKET SEGMENTATION

Based on region, the market split into

• North America,
• Europe,
• Asia-Pacific, and
• Middle East & Africa, and
• South America

The geographical regions are further segmented into 24 major countries such as U.S. Canada, Mexico, Germany, France, U.K., Belgium, Switzerland, Belgium, Turkey, Japan, China, Singapore, Brazil, India, Russia, South Africa and many others.

U.S. is expected to dominate the market due to the rising pool of elderly population and chronic disease patient pool. Telehealth will help to U.S. healthcare model to shift from episodic model to dynamic continuous monitoring, leading to betterment of healthcare.

By Technology

• On-board Diagnostics-II
• Smartphone
• Embedded System
• Black Box

By Device

• Bring Your Own Device
• Company Provided

By Vehicle Age

• New Vehicles
• On-Road Vehicles

By Package Type

• Pay-As-You-Drive (PAYD)
• Pay-How-You-Drive (PHYD)
• Manage-How-You-Drive (MHYD)

By Electric & Hybrid Vehicles

• Hybrid Electric Vehicle (HEV)
• Plug-In Hybrid Electric Vehicle (PHEV)
• Battery Electric Vehicle

By Vehicle Type

• Light-Duty Vehicle
• Heavy-Duty Vehicle

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