Press release
Global IoT Insurance Market Size, Growth Trends, Industry Report Analysis by 2023-2032
IoT Insurance Market
The global IoT insurance market size is expected to grow from $42.18 billion in 2022 to $65.02 billion in 2023 at a compound annual growth rate (CAGR) of 53.20%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global IoT insurance market size is expected to reach $379.35 billion in 2027 at a CAGR of 54.42%.
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Major players in the IoT insurance market are SAP SE, Cisco Systems Inc., Alphabet Inc., International Business Machines Corporation, Microsoft Corporation, Oracle Corporation, Aeris Group Ltd., Concirrus, Telit, Verisk Analytics Inc., Concirrus Ltd., Allerin Pvt. Ltd., ForMotiv LLC, Wipro Corporation and Webfleet Solutions BV (Bridgestone Corp.).
Technological advancement is the key trend gaining popularity in the IoT insurance market. Major companies operating in the IoT insurance market are focusing on developing new technologies to advance IoT applications in the insurance sector.
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The IoT Insurance market is segmented -
1) By Insurance Type: Life And Health Insurance, Property And Casualty Insurance, Other Insurance Types
2) By Component: Solution, Service
3) By Application: Automotive Transportation And Logistics, Life And Health, Commercial And Residential Buildings, Business And Enterprise, Agriculture, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the IoT Insurance market.
The Business Research Company's "Global IoT Insurance Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The IoT Insurance Market Include:
1. Executive Summary
2. IoT Insurance Market Characteristics
3. IoT Insurance Market Trends And Strategies
4. IoT Insurance Market - Macro Economic Scenario
5. IoT Insurance Market Size And Growth
.....
26. Africa IoT Insurance Market
27. IoT Insurance Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The IoT Insurance Market
29. IoT Insurance Market Future Outlook and Potential Analysis
30. Appendix
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