According to a new market intelligence report by BIS Research titled “Telematics Insurance Market – Analysis and Forecast, 2019-2025”, the telematics insurance market is expected to reach $5,477.3 million by 2025. With the growing technologies pertaining to telematics and the Internet of Things (IoT), insurance companies have embraced the use of telematics in their insurance programs to give rise to customized insurance programs suitable for customers looking to lower down their premiums.
According to Ajeya Saxena, Lead Analyst at BIS Research, “Through the evolution of telematics technologies around the world, telematics insurance has witnessed significant growth and development. It has also, therefore, found its way into a variety of vehicles, including commercial vehicles, which is used by fleet management companies to manage their large fleets and track the driver’s driving behavior. Pay as you drive and pay how you drive are amongst the most popular types of insurance programs that are being put to use in cars worldwide. However, with the growing popularity, many competitor companies and investors have started to think about real profit rather than aggressive growth. The telematics insurance market still faces major challenges, which is largely due to the privacy issues emanating by the customers.”
The report covers aspects at not only a global level but also deep dives across all major regions of the world and key countries within them. 49 Data Tables and 34 Figures over nearly 133 pages provide sufficient and relevant depth and coverage to help make confident and reliable business decisions for now and the future.
Further, as a premium report option, BIS Research is also offering its buyers who are interested only in ‘products and innovations’, to instead purchase only a mini-report focusing on just those aspects. This mini-report has the complete ‘products’ section, along with related coverage from regions, competitive benchmarking, and company profiles of the full report.
Who stands to gain from this report?
• Insurance Companies
• Telematics Providers
What can they find in this report?
• Key trends impacting the telematics insurance industry, along with information on new technologies
• Information on how demand for the telematics insurance market is expected to shape over the next five years (2019 - 2025) across different regions and countries
• Detailed insights and information of key companies operating in this market, including growth strategies, their strengths, and weaknesses, as well as how they compare against each other at a global, regional, and country level
What is the use of this report?
• Driving a successful growth strategy – Helps understand those markets where the demand for telematics insurance is expected to rise
• Driving a successful product strategy – Helps understand products that must be targeted if telematics insurance companies intend to capitalize on advanced camera technologies
• Driving a successful competitive strategy – Helps understand which players are the competition and how they can collaborate with leading players across various regions to expand the company’s footprint
Some key questions answered in this report are:
For a new company looking to enter the market, which areas could it focus upon to stay ahead in the competition?
How do the existing market players function to improve their market positioning?
Which are the promising companies that have obtained financial support to develop their products and markets?
How does the supply chain function in the telematics insurance market?
Which companies have been actively involved in innovation through patent applications, and which products have witnessed maximum patent applications during the period 2018-2020?
Which product segment is expected to witness the maximum demand growth in the telematics insurance market during 2020-2025?
Which are the players that are catering to the demand for different insurance programs?
How should the strategies adopted by market players vary for different product segments based on the size of companies involved in each segment?
What are the key offerings of the prominent companies in the market for telematics insurances?
What are the demand patterns of telematics insurances across the application areas in different regions and countries during the period 2020-2025?
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This report is a good compilation of research on more than 50 players in the telematics insurance market. It draws upon the insights from in-depth interviews with key opinion leaders of more than 50 leading companies, market experts, and vendors.
The companies profiled in the report are Octo Group S.p.A., Insurance & Mobility Solutions, Agero, Inc., Webfleet Solutions B.V., Verizon Communications, Inc., AXA Group, The Progressive Corporation, Amodo Ltd., Cambridge Mobile Telematics, Generali Group, The Floow Limited, TrueMotion Inc., insurethebox Ltd., Insure Telematics Solutions, and CalAmp Corp.
Insurance Telematics market Overview(2021-2027)This report studies the Insurance Telematics Market with many aspects of the industry like the market size, market status, market trends and forecast, the report also provides brief information of the competitors and the specific growth opportunities with key market drivers.
Find the complete Insurance Telematics Market analysis segmented by companies, region, type and applications in the report.The report offers valuable insight into the Insurance Telematics market progress and approaches related to the Insurance Telematics market with an analysis of each region.
The report goes on to talk about the dominant aspects of the market and examine each segment.Top Manufacturer’s/ Keyplayers in the Global Insurance Telematics Market: Agero Inc, Aplicom OY, Masternaut Limited, Mix Telematics, Octo Telematics, Sierra Wireless, TOMTOM Telematics (TOMTOM), Telogis, Trimble Navigation, Verizon Enterprise Solutions, Davis Instruments, Meta Systems, Market by Type, Cloud, On-Premises, Market by Application, Small and Medium Enterprises (SMEs), and Large EnterprisesClick Here To Access The Sample Insurance Telematics Market ReportResearch MethodologyThe various research methodologies such as the Primary research mechanism and secondary research mechanism are considered in the Insurance Telematics market report.
The data that is collected in the market report is provided through these research mechanisms.
The tools such as Porter’s Five Force model is used to perform a quantitative and qualitative analysis of the Insurance Telematics market.
The various historical data along with the future aspects are analyzed to provide information about the overall market size of the Insurance Telematics market at various levels.Research objectives:To study and analyze the global Insurance Telematics market size by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2027.To understand the structure of Insurance Telematics market by identifying its various sub segments.Focuses on the key global Insurance Telematics players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.To analyze the Insurance Telematics with respect to individual growth trends, future prospects, and their contribution to the total market.To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).To project the size of Insurance Telematics submarkets, with respect to key regions (along with their respective key countries).To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.To strategically profile the key players and comprehensively analyze their growth strategies.The report lists the major players in the regions and their respective market share on the basis of global revenue.
