IoT Insurance Market

IoT Insurance Market Analysis, Business Development, Size, Share, Trends, Future Growth, Forecast to 2030

The Global IoT Insurance Market was predicted USD 2.07 billion in the year 2016 and is projected to increase at a CAGR of 65.82% during the year of 2017-2024.

The research report on IoT insurance market gives analysis and perceptions with respect to the various factors that are expected to be popular and also covers the information about the effect on the growth of market during the forecast period.

The factors like increase in the adoption of IoT (Internet of Things), other value-added facilities in the insurance trade, cloud platform, and IoT permitted devices with the insurance facilities are responsible for the growth of the IoT insurance market in the predicted years.

The data discretion problems and the communication standards are the prime factors to be responsible to hamper the development of the IoT insurance market. The demand of insurance is increasing for various IoT like, health care, life, home, automobiles, commercial sectors, along with this the data generated from IoT advances the information for business intellect in the insurance industry.

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The IoT insurance market is segmented by Types, by Application and Geography-

The growth in the segments helps to examine the growth and the strategies to understand the market. It also helps to understand the core application areas and the fluctuation in your target market.

By Types-

Health Insurance, Life Insurance, Property Insurance, Casualty (P&C) Insurance, and others, which include, Warranty Insurance, Farmers Insurance, Pension Insurance, Pet Insurance, Savings Insurance, Cyber Insurance and Investments Insurance.

By Application-

Automotive and transportation, Life and health, home and commercial buildings, consumer’s electronics and industrial machines, travel, business, enterprise and agriculture.

  • Further, life and health are sub- divided as-

Patient health monitoring, proactive loss prevention, and security and emergency.

  • Further Automotive and transportation is sub-divided as-

Logistic and navigation, connected cars, fleet management, stolen vehicle, insurance telematics, and inventory management.

The Global IoT Insurance Market by Geography-

South America, Europe, North America, Africa, Asia Pacific and Middle East, and some of the major countries are also involved in the IoT insurance market like, US, Canada, Germany, France, UK, Netherland, Switzerland, Turkey, Russia, China, India, Japan, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil.

Competitive Landscape-

The prime players of the Global IoT insurance market have used different strategies like, expansions, new product launching, joint ventures, new agreements, acquisitions, partnerships and many other activities to set a bench mark in the market.

Some major Players in the Global IoT Insurance Market-

SAP SE

Google Inc.

Cisco Systems

Concirrus

IBM

Microsoft

Oracle

Accenture

LexisNexis

VERISK ANALYTICS

Zonoff, Inc. among others.

Prime Market Drivers of IoT Insurance Market-

Rising the adoption in developing and developed economy as well.

Continuous growth in the demand regarding value added services and cloud platform

Improvements in the insurance model and startups too.

Some points from Table of Content

1 Iot Insurance Introduction and Market Overview

2 Industry Chain Analysis

3 Global Iot Insurance Market, by Type

4 Iot Insurance Market, by Application

5 Global Iot Insurance Consumption, Revenue ($) by Region (2016-2021)

6 Global Iot Insurance Production by Top Regions (2016-2021)

7 Global Iot Insurance Consumption by Regions (2016-2021)

8 Competitive Landscape

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