Press release
Internet of Things Insurance Market Drivers, Restraints, Growth Opportunities, and Challenges 2018 to 2025
The use of interconnected devices with real time data collaboration within the insurance industry is known as Internet of Things (IoT) insurance. The IoT enabled devices help insurer provide data, which can be used to manage claims, reduce risk, and identify various frauds. Easy settlement of claims, creation of analytical value from obtained data, and development of flexible insurance products for various sectors of the market are some of the advantages of IoT in insurance technology. The privacy of the user identity and over dependency on technology limit the adoption of IoT in insurance.The growth in inclination towards IoT and increased demand for IoT-based devices in insurance industry majorly drive the IoT insurance market. Further, growth in practice of cloud computing in insurance sector and improved insurance service owing to adoption of IoT also propel the market toward growth. Development of new insurance model based on smart devices, growth in need to insure the devices such as smart automobiles, and analytics based on data provided by IoT devices for improvement of business creates sufficient opportunities in the IoT insurance market.
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In 2017, the global Internet of Things Insurance market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2018-2025.
This report focuses on the global Internet of Things Insurance status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Internet of Things Insurance development in United States, Europe and China.
The key players covered in this study
IBM Corporation
SAP SE
Oracle Corporation
Google Inc
Microsoft Corporation
Cisco System Inc
Accenture PLC
Verisk Analytics, Inc
Concirrus Ltd
Zonoff, In
View Complete TOC with Tables and Figures index at: https://www.researchmoz.us/global-internet-of-things-insurance-market-size-status-and-forecast-2018-2025-report.html/toc
Market segment by Type, the product can be split into
Property & Casualty Insurance
Health Insurance
Life Insurance
Others
Market segment by Application, split into
Automotive & Transportation
Home & Commercial Building
Life & Health
Business & Enterprise
Travel
Others
Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America
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