Usage-Based Insurance Market - Industry Trends and Forecast to 2030

The insights highlighted in the Usage-Based Insurance report are pivotal in shaping a resilient future amidst unprecedented health and economic challenges. This comprehensive market analysis not only provides essential data but also offers strategic solutions that directly impact revenue. It serves as a crucial tool in overcoming obstacles, especially those posed by the economic fallout of the Covid-19 pandemic. The services provided in this market research report represent a modernized approach to strategy formulation, offering actionable insights and an unparalleled breadth of industry and technology coverage.

Adhering to a stringent timeline, the Usage-Based Insurance report is delivered to clients with precision. The DBMR team, known for its unparalleled resilience and integrated methodologies, diligently works to produce the finest market report. This document plays a vital role in uncovering optimal market opportunities and supplying essential information to facilitate business growth. Addressing complex challenges, the report presents viable solutions, streamlining the decision-making process for businesses. Our commitment to excellence ensures timely delivery, and our post-sales support remains unparalleled, offering clients dedicated assistance in addressing queries and requests with exceptional performance.

Data Bridge Market Research analyses that the usage-based insurance market, valued at USD 24.83 billion in 2022, will reach USD 164.44 billion by 2030, growing at a CAGR of 26.66% during the forecast period of 2023 to 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

𝗧𝗼 𝗚𝗲𝘁 𝗮 𝗦𝗮𝗺𝗽𝗹𝗲 𝗥𝗲𝗽𝗼𝗿𝘁, 𝗩𝗶𝘀𝗶𝘁 @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-usage-based-insurance-market

𝗗𝗿𝗶𝘃𝗲𝗿:

Increasing use of telematics devices

The growing acceptance of telematics devices and the rising popularity of pay-as-you-drive insurance plans help to drive the market. Telematics devices permit insurers to collect complete data on a policyholder's driving conduct, it offers extra modified and modified coverage. As more consumers become aware of the benefits of telematics-based insurance, as expected to see continued growth in this area.

Increasing popularity of pay-as-you-drive plane

UBI is growing in popularity of pay-as-you-drive insurance plans. These plans give an additional affordable method to insure your vehicle, the customer only have to pay the coverage which use, as fuel cost are relatively high so more customers are saving money on their car insurance which pay-as-you-drive plans are one way to do that, which can drive the market of insurance based market

𝗦𝗼𝗺𝗲 𝗸𝗲𝘆 𝗽𝗹𝗮𝘆𝗲𝗿𝘀 𝗺𝗲𝗻𝘁𝗶𝗼𝗻𝗲𝗱 𝗶𝗻 𝘁𝗵𝗲 𝗿𝗲𝗽𝗼𝗿𝘁 𝗮𝗿𝗲:

Cambridge Mobile Telematics (U.S.)

insurethebox (U.K.)

Progressive Casualty Insurance Company (U.S.)

The Modus Group, LLC (U.S.)

Inseego Corp. (U.S.)

Lemonade Inc. Metromile (U.S.)

The Floow Limited (U.K.)

Allstate Insurance Company (U.S.)

Octo Group S.p.A (Italy)

TomTom International BV. (Netherlands)

UNIPOLSAI ASSICURAZIONI S.P.A. (Italy)

Assicurazioni Generali S.p.A (Italy)

Liberty Mutual Insurance (U.S.)

Equitable Holdings, Inc.(Italy)

MAPFRE(Spain)

Sierra Wireless (Canada)

Verizon (U.S.)

Allianz Partners (Germany)

𝗞𝗲𝘆 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝘁𝗵𝗮𝘁 𝗦𝘁𝘂𝗱𝘆 𝗶𝘀 𝗴𝗼𝗶𝗻𝗴 𝘁𝗼 𝗽𝗿𝗼𝘃𝗶𝗱𝗲:

The 360-degree Usage-Based Insurance overview based on a global and regional level

Market Share & Sales Revenue by Key Players & Emerging Regional Players

A separate chapter on Market Entropy to gain insights on Leaders aggressiveness towards market [Merger & Acquisition / Recent Investment and Key Developments]

May vary depending upon availability and feasibility of data with respect to Industry targeted

Patent Analysis** No of patents / Trademark filed in recent years.

A complete and useful guide for new market aspirants

Forecast information will drive strategic, innovative and profitable business plans and SWOT analysis of players will pave the way for growth opportunities, risk analysis, investment feasibility and recommendations

Various Usage-Based Insurance industry leading players are studied with respect to their company profile, product portfolio, capacity, price, cost, and revenue.

𝗞𝗲𝘆 𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝗲𝗴𝗺𝗲𝗻𝘁𝗮𝘁𝗶𝗼𝗻:

By Vehicle Type (Passenger Car, Commercial Vehicle), Package Type (Pay-As-You-Drive (PAYD), Pay-How-You-Drive (PHYD), Manage-How-You-Drive (MHYD)), Device Offering (Company Provided, Bring Your Own Device (BYOD), Technology (OBD-II, Smartphone, Embedded System, Black Box, Others, Hybrid, Metal Forming Market for Automotive), Vehicle Age (New Vehicles, On-Road Vehicles), Electric and Hybrid Vehicle Type (Hybrid Electric Vehicle (HEV), Plug-In Hybrid Vehicle (PHEV), Battery Electric Vehicle (BEV))

The countries covered in the Global USAGE-BASED INSURANCE Market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

𝗧𝗮𝗯𝗹𝗲 𝗼𝗳 𝗖𝗼𝗻𝘁𝗲𝗻𝘁𝘀:

Executive Summary

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation by End-user

Customer Landscape

Geographic Landscape

Key leading countries

Vendor Landscape

Vendor Analysis

Appendix

𝗧𝗼 𝗞𝗻𝗼𝘄 𝗠𝗼𝗿𝗲 𝗔𝗯𝗼𝘂𝘁 𝗧𝗵𝗶𝘀 𝗣𝗿𝗲𝗺𝗶𝘂𝗺 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗥𝗲𝗽𝗼𝗿𝘁, 𝗩𝗶𝘀𝗶𝘁 @ https://www.databridgemarketresearch.com/reports/global-usage-based-insurance-market

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