Global Insurance Telematics Market
By Organization Size (Large Enterprises, Small and Medium Organizations), Deployment Model (Cloud, On-premise), and Regional Market Size, Status and Forecast to 2025
Market Overview:
The Global Insurance Telematics Market was valued at USD 1047.17 million in 2016 and is projected to reach USD 5826.52 million by 2025, growing at a CAGR of 21.01% from 2017 to 2025.
Telematics insurance is a way for insurers to analyze the way you drive that allows insurers to calculate risk on the kind of driver you are and adjust the price of your policy accordingly. When fitted in your vehicle, the telematics box will record things like speed, braking patterns and distance travelled, all with the aim to calculate how safe you're driving. Telematics insurance benefits the insurers in several ways including - to find the safe drivers, have new and value-added services, improved underwriting, reduced costs, and helps with claim management.
Sample Infographics:
Market Dynamics:
1. Market Drivers
1.1 Emergence and adoption of IoT
1.2 Rising need of insurance telematics across the insurance and automotive sector
1.3 Rising demand for risk assessment and management
1.4 Reduction in the costs of connectivity solutions
1.5 Increasing usage of Smartphone
1.6 Growing need of regulatory compliance and regulations
2. Market Restraints
2.1 No standardized system available
2.2 Concerns for data privacy of end user
2.3 Rising security issues related to cloud and mobile technologies
2.4 Lack of awareness among end users about insurance telematics
Market Segmentation:
The Global Insurance Telematics Market is segmented on the organization size, deployment model, and region.
1. Organization Size:
1.1 Large Enterprises
1.2 Small and Medium Organizations
2. By Deployment Mode:
2.1 Cloud
2.2 On-premises
3. By Region:
3.1 North America (U.S., Canada, Mexico)
3.2 Europe (Germany, UK, France, Rest of Europe)
3.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
3.4 Latin America (Brazil, Argentina, Rest of Latin America)
3.5 Middle East & Africa
Competitive Landscape:
The major players in the market are as follows:
1. TOMTOM Telematics
2. Trimble Navigation
3. Verizon Enterprise Solutions
4. Mix Telematics
5. Sierra Wireless
6. Octo Telematics
7. Masternaut Limited
8. Agero Inc.
9. Aplicom OY
10. Telogis
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Global Insurance Telematics Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
To know more about the Research Methodology of Verified Market Intelligence and other aspects of the research study, kindly get in touch with our sales team.
1 INTRODUCTION OF GLOBAL INSURANCE TELEMATICS MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL INSURANCE TELEMATICS MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
4.5 Regulatory Framework
5 GLOBAL INSURANCE TELEMATICS MARKET BY ORGANIZATION SIZE
5.1 Large Enterprises
5.2 Small and Medium Organizations
6 GLOBAL INSURANCE TELEMATICS MARKET BY DEPLOYMENT MODE
6.1 Cloud
6.2 On-premises
7 GLOBAL INSURANCE TELEMATICS MARKET, BY GEOGRAPHY
7.1 Overview
7.2 North America Regional Market Estimates and Forecasts, 2012 - 2025
7.2.1 U.S.
7.2.2 Canada
7.2.3 Mexico
7.3 Europe Regional Market Estimates and Forecasts, 2012 - 2025
7.3.1 Germany
7.3.2 U.K.
7.3.3 France
7.3.4 Rest of Europe
7.4 Asia Pacific Regional Market Estimates and Forecasts, 2012 - 2025
7.4.1 China
7.4.2 Japan
7.4.3 India
7.4.4 Rest of Asia Pacific
7.5 Latin America Regional Market Estimates and Forecasts, 2012 - 2025
7.5.1 Brazil
7.5.2 Argentina
7.6 Rest of the World Regional Market Estimates and Forecasts, 2012 - 2025
8 GLOBAL INSURANCE TELEMATICS MARKET COMPETITIVE LANDSCAPE
8.1 Overview
8.2 Company Market Share
8.3 Vendor Landscape
8.4 Key Development Strategies
9 COMPANY PROFILES
9.1 TOMTOM Telematics
9.1.1 Overview
9.1.2 Financial Performance
9.1.3 Product Outlook
9.1.4 Key Developments
9.2 Trimble Navigation
9.2.1 Overview
9.2.2 Financial Performance
9.2.3 Product Outlook
9.2.4 Key Developments
9.3 Verizon Enterprise Solutions
9.3.1 Overview
9.3.2 Financial Performance
9.3.3 Product Outlook
9.3.4 Key Developments
9.4 Mix Telematics
9.4.1 Overview
9.4.2 Financial Performance
9.4.3 Product Outlook
9.4.4 Key Developments
9.5 Sierra Wireless
9.5.1 Overview
9.5.2 Financial Performance
9.5.3 Product Outlook
9.5.4 Key Developments
9.6 Octo Telematics
9.6.1 Overview
9.6.2 Financial Performance
9.6.3 Product Outlook
9.6.4 Key Developments
9.7 Masternaut Limited
9.7.1 Overview
9.7.2 Financial Performance
9.7.3 Product Outlook
9.7.4 Key Developments
9.8 Agero Inc.
9.8.1 Overview
9.8.2 Financial Performance
9.8.3 Product Outlook
9.8.4 Key Developments
9.9 Aplicom OY
9.9.1 Overview
9.9.2 Financial Performance
9.9.3 Product Outlook
9.9.4 Key Developments
9.10 Telogis
9.10.1 Overview
9.10.2 Financial Performance
9.10.3 Product Outlook
9.10.4 Key Developments
10 Appendix
10.1 Related Reports
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