Global-IoT-Insurance-Market
Global IoT Insurance Market

Global IoT Insurance Market with a CAGR of 65.8% Latest Trends and Forecast Analysis Up to 2026 with Top Key Players

Market research analysis is one of the finest options to resolve business challenges quickly by saving a lot of time. Global IoT Insurance Market Report analyzes the market status, growth rate, future trends, market drivers, market restraints, key opportunities, challenges, market risks, entry barriers, sales channels, distributors and Porter’s Five Forces Analysis. Under competitive analysis section of the Global IoT Insurance Market report, major key players existing in the market are revealed along with different details such as company profiles, their market share analysis, and their diverse strategies which make them prosper in the market.

Global IoT Insurance Market is expected to rise from its initial estimated value of USD 5.69 billion in 2018 to an estimated value of USD 324.94 billion by 2026, registering a CAGR of 65.8% in the forecast period of 2019-2026. this rise in market value can be attributed to  improvement in the insurance model as well as start-ups.

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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.

Major Market Competitors/Players :

Few of the major competitors currently working in IoT Insurance market are as Google Inc. (U.S.), Lemonade Inc. (U.S.) SAP SE (Germany), IBM Corporation (U.S.), Cisco Systems, Inc. (U.S.), Oracle Corporation (U.S), Zonoff Inc. (U.S.), Accenture PLC (Ireland), LexisNexis (U.S.), Capgemini (France), Hippo Insurance(U.S.), Lemonade Inc.(U.S.) Microsoft inc. (US). Zurich Insurance Group Ltd. (Switzerland). Berkshire Hathaway Inc.(US), Allianz  (Germany), Concirrus(UK), Genpact(US) and others.

Market Drivers:

  • There is improvement in the insurance model as well as startups is expected to act as a driver to the market growth.
  •  There is rise in adoption in both developed and developing economy is also driving the market.
  • There is increase in demand regarding value added services and cloud platform startups is expected to act as a driver to the market growth.

Market Restraints:

  • Risk of data privacy is expected to act as a restraint to the market growth

Competitive Analysis :

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. The report includes market shares of IoT Insurance market for Global, Europe, North America, Asia Pacific,South America, Middle East and Africa.

Table of Content:

01: Executive Summary

02: Scope of The Report

03: Market Landscape

04: Market Sizing

05: Market Segmentation by Product

06: Five Forces Analysis

07: Customer Landscape

08: Geographic Landscape

09: Decision Framework

10: Drivers and Challenges

11: Market Trends

12: Vendor Landscape

13: Vendor Analysis

Table of Contents Available For this Market Download Free TOC : https://databridgemarketresearch.com/toc/?dbmr=global-iot-insurance-market

Segmentation: Global IoT Insurance Market 

By Type

  • Property and Casualty (P&C) Insurance
  • Health Insurance
  • Life Insurance
  • Others
    • Warranty Insurance
    • Farmers Insurance
    • Cyber Insurance
    • Pet Insurance
    • Savings and Investments Insurance
    • Pension Insurance

By Application

  • Automotive and Transportation
    • Connected Cars
    • Fleet Management
    • Insurance Telematics
    • Stolen Vehicle Recovery
    • Supply Chain Optimization and Inventory Management
    • Logistic and Navigation
  • Home and Commercial Buildings
    • Connected Home
    • Security and Emergency
    • Proactive Loss Prevention
  • Life and Health
    • Patient Health Monitoring
    • Connected Healthcare
    • Lifestyle and Fitness Monitoring
  • Business and Enterprise
    • Profile Authentication and Verification
    • Business-Specific Risks and Fraud Mitigation
    • Workforce Management
  • Consumer Electronics and Industrial Machines
    • Product Based Diagnostics
    • Warranty Management
  • Travel
    • Situational Awareness
  • Agriculture
    • Livestock Monitoring
    • Climate Monitoring and Forecasting

By Geography

  • North America
  • South America
  • Europe
  • Asia-Pacific
  • Middle East and Africa

Key Developments in the Market:

  • In April 2019 Roost announced that they will be joining the IoT Insurance Observatory member group. Roost, a leader in Home Telematics for property insurance carrier.  Focus of this collaboration is to consider smart home one of the most relevant opportunities to leverage the IoT data within insurance.
  • In sep 2018, Munich acquired Relayr. Relayr is Internet of Things (IoT) startup whose middleware platform is geared towards helping industrial companies unlock data insights from their existing machinery and production line. This acquisition will improve insurance claim of Munich Re

Key Insights in the report:

  • Complete and distinct analysis of the market drivers and restraints
  • Key Market players involved in this industry
  • Detailed analysis of the Market Segmentation
  • Competitive analysis of the key players involved

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About Ravi kumar 1811 Articles
Hi, I am Ravi Kumar, a Blogger, Freelancer, SEO Consultant, an Internet Marketer, I am a research analyst who loves to evaluate data relating to Manufacturing industry, Management of companies and enterprises, Finance and insurance, Wholesale trade, Management, scientific, and technical consulting services

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