Internet of Things (IoT) Insurance Market Demand, Growth, Trend, Business Opportunities, Manufacturers and Research Methodology by 2027

The latest market report published by Emergen Research, titled “Global Internet of Things (IoT) Insurance Market”, presents an accurate analysis of the estimated market size, share, revenue, and sales & distribution networks of the global Internet of Things (IoT) Insurance market over the forecast period. The report offers an exhaustive overview of the market, along with a precise summary of the market’s leading regions. Our team of analysts has studied the existing competitive landscape of the market inside out, focusing on the leading companies and their business expansion strategies. The report ends with conclusive data offering useful insights into the market growth on both regional and global levels.

Increasing demand for IoT devices in the insurance industry to enhance customer experience is the key factor driving the global Internet of Things (IoT) insurance market growth during the forecast period. Besides, growing demand for value-added services is expected to propel global Internet of Things (IoT) insurance market growth during the forecast period. Furthermore, increasing adoption of Internet of Things (IoT) devices in developing and developed countries is expected to augment global Internet of Things (IoT) insurance market growth going ahead.

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Key Highlights in Report

• Increasing usage of IoT-driven devices in property & casualty insurance to mitigate insurance costs and enhance risk management are some key factors driving revenue growth of the property & casualty insurance segment, which is expected to register a significantly high CAGR of 62.7% over the forecast period.
• Due to robust presence of international market players, including Microsoft Corporation, Google LLC, Oracle Corporation, and Cisco Systems, Inc., among others in countries in North America, the market in the region is expected to lead in terms of revenue share among other regional markets during the forecast period.
• Key market participants include Google LLC, Microsoft Corporation, International Business Machines Corporation, Oracle Corporation, Cisco Systems, Inc., SAP SE, Concirrus Ltd., Wipro Ltd., and Capgemini SE.
• In January 2021, Concirrus declared an offering of marine insurance for Asia Pacific. The introduction of marine insurance offerings in Asia Pacific will augment Concirrus’ market position in countries in the region.

Internet of Things (IoT) Insurance Market Segmentation:

The report categorizes the market into different key segments based on types and applications, along with key regional segmentation. The report offers insights into the segment expected to garner traction during the forecast period, and the region expected to dominate the market in the coming years.

• Insurance Type Outlook (Revenue, USD Billion; 2021–2028)
o Pension Insurance
o Warranty Insurance
o Cyber Insurance
o Life Insurance
o Property & Casualty Insurance
o Health Insurance
o Others
• Application Outlook (Revenue, USD Billion; 2021–2028)
o Connected Home
o Connected Car
o Connected Health
o Commercial Lines
o Others
• End-use Outlook (Revenue, USD Billion; 2021–2028)
o Automotive
o Retail
o Industrial
o Residential
o Healthcare
o Logistics
o Others

Key Geographies Encompassed in the Report:

• North America (U.S., Canada)
• Europe (U.K., Germany, Italy, France, Rest of EU)
• AsiaPacific (India, Japan, China, Australia, Rest of APAC)
• Latin America (Brazil, Argentina, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Additionally, the report analyzes the principal strategies implemented by the companies operating across this industry vertical, such as mergers and acquisitions, collaborations, joint ventures, product launches, and brand promotions, to strengthen their global footprint. The report aims to offer a holistic examination of the industry’s relevant features to the interested readers in a bid to help them leverage future growth prospects.

Key questions addressed in the report:

• Which factors could potentially hamper the global market growth during the forecast period?
• How is the raw material availability affecting the demand for Internet of Things (IoT) Insurance in this industry vertical?
• Which regional market offers the most attractive growth opportunities to the companies operating in this market?
• Who are the leading players dominating the global Internet of Things (IoT) Insurance Market?

Table of Content

Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2020-2028
Chapter 3. Key Insights
Chapter 4. Internet of Things (IoT) Insurance Market Segmentation & Impact Analysis
4.1. Internet of Things (IoT) Insurance Market Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Increasing demand for IoT devices in insurance industry to improve customer experience
4.2.2.2. Growing demand for value added services
4.2.2.3. Rising improvements in insurance model
4.2.2.4. Increasing use of IoT to decrease premiums and risk-related expenses
4.2.3. Market restraints analysis
4.2.3.1. Data management issues
4.2.3.2. Concern regarding data security
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis

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