Global IoT Insurance Market Key Industry Vendors: SAP SE, Google Inc., Cisco Systems, Concirrus, IBM, Microsoft, Oracle, Accenture, LexisNexis, VERISK ANALYTICS, and Zonoff
This Semiconductors and Electronics report employs the use of latest tools and techniques for researching, analysing and collecting data and information. Assessment of potential market for new product, knowhow of consumer’s reaction for particular product, figuring out general market tendencies, knowing the types of customers, identifying dimension of marketing problem and many other scopes are carefully evaluated through this Semiconductors and Electronics report. The study conducted in Semiconductors and Electronics report spans heterogeneous markets in accord with the requirement of ABC industry and scoop out the best possible solutions and meticulous information about the market trends.
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. The 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.
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Some of the major players in global IoT insurance market include:
SAP SE, Google Inc., Cisco Systems, Concirrus, IBM, Microsoft, Oracle, Accenture, LexisNexis, VERISK ANALYTICS, and Zonoff, Inc. among others.
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
Competitive Landscape: Global IoT Insurance Market
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.
Global IoT Insurance Market report Synopsis
1. To analyze the market size of the market and infer the key trends from it.
2. Industry Chain Suppliers of Global IoT Insurance Market with Contact Information
3. The key findings and recommendations highlight crucial progressive industry trends in the Global IoT Insurance Market, thereby allowing players to develop effective long term strategies
4. To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the Global IoT Insurance Market
5. Comprehensive quantitative analysis of the industry is provided for the period of 2017-2024 to assist stakeholders to capitalize on the prevailing market opportunities.
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• On the basis of insurance type, global IoT insurance 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 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. Consumer electronics and industrial machines are sub segmented into warranty management and product based diagnostics. Home and commercial buildings are sub segmented into security and emergency, proactive loss prevention and connected home. Travel is sub segmented into situational awareness. Business and enterprise is sub segmented into business-specific risks and fraud mitigation, workforce profile authentication and verification management. Agriculture is sub segmented into livestock monitoring and climate monitoring and forecasting.
• 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, and Brazil among others.
Table of Content: Global IoT Insurance Market
Part 01: Executive Summary
Part 02: Scope of The Report
Part 03: Global IoT Insurance Market Landscape
Part 04: Global IoT Insurance Market Sizing
Part 05: Global IoT Insurance Market Segmentation By Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers And Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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