Press release
Automotive Usage Based Insurance Market Outlook to 2025 with Leading Key Players Allianz, Intelligent Mechatronic Systems, Watchstone Group, Octo Telematics, Sierra Wireless, Hubio, Baseline Telematics
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The Automotive Usage Based Insurance Market report aims to provide a 360-degree view of the market in terms of cutting-edge technology, key developments, drivers, restraints and future trends with impact analysis of these trends on the market for short-term, mid-term and long-term during the forecast period. Further, the report also covers key players profiling with detailed SWOT analysis, financial facts and key developments of products/service from the past three years.
Major players operating in the Global Automotive Usage Based Insurance Market:
1. Bell and Howell, LLC
2. Cleveron AS
3. Engy Group
4. ByBox Holdings Ltd.
5. InPost S.A.
6. KEBA AG
7. Neopost Group
8. Smartbox Ecommerce Solutions Pvt. Ltd.
9. TZ Ltd.
10. Winnsen Industry Co., Ltd. among others.
An innovative insurance plan for any automotive owner wherein costs of the insurance premium varies with different parameters that include vehicle usage, distance covered using the vehicle, driving behavior of the driver, and the speed at which the driver drives the vehicle. The usage based insurance system for the automotive industry is supposed to be a highly interactive system that interacts constantly with the vehicle and human behavior. Such an innovative usage based insurance system enables the vehicle owner to save considerable money on the premiums. Within this market, the Pay As You Drive (PAYD) and Manage How You Drive (MHYD) are anticipated to become the most preferred types for the calculation of premiums. Many factors are anticipated to augur in good stead for the growth of automotive usage based insurance market.
High advancements in the vehicle telematics technology coupled with increasing usage of sophisticated electronic components integrated by the Automotive OEMs is touted to be one of the major factors driving the automotive usage based insurance market. The concerns regarding the connectivity of technology in areas where the internet does not work well is one of the factors that would hinder the growth of automotive usage based insurance market. Also, advancements in the internet infrastructures of the telecommunication service providers would provide better opportunities for the market players to invest in the business model and enable a prosperous development in the automotive usage based insurance market.
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Reason to Buy:
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Automotive Usage Based Insurance Market
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Automotive Usage Based Insurance Market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.
Contact Us:
Company: The Insight Partners
Contact: Sameer Joshi
Phone: +1-646-491-9876
Email: sam@theinsightpartners.com
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