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The telematics market in the insurance industry is poised to grow by $3.96 bn during 2022-2026, accelerating at a CAGR of 19.36% during the forecast period. The report on the telematics market in the insurance industry provides a holistic analysis, of market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis of the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by cost savings due to the adoption of telematics-enabled UBI, increasing growth in smartphone penetration, and government initiatives encouraging the use of telematics.
The telematics market in insurance industry analysis includes deployment segment and geographic landscape.
The telematics market in the insurance industry is segmented as below:
By Deployment
- On-premise
- Cloud
By Geographical Landscape
- North America
- APAC
- Europe
- South America
- The Middle East and Africa
The report on the telematics market in the insurance industry covers the following areas:
- Telematics market in the insurance industry sizing
- Telematics market in the insurance industry forecast
- Telematics market in insurance industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Deployment
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
List of Exhibits
Executive Summary
The publisher recognizes the following companies as the key players in the global telematics market in the insurance industry: Admiral Group plc, Agero Inc., Aplicom Ltd., Aviva Plc, AXA Group, Masternaut Ltd., Mercedes Benz Group AG, Meta System S.p.A, MiX Telematics Ltd., Octo Group S.p.A, Sierra Wireless Inc., The Allstate Corp., TomTom International BV, Trak Global Group, Trimble Inc., Verizon Communications Inc., and Zurich Insurance Co. Ltd.Commenting on the report, an analyst from the research team said: `The latest trend gaining momentum in the market is optimized customer communication with insurance telematics.`
According to the report, one of the major drivers for this market is the cost savings due to the adoption of telematics-enabled UBI.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Admiral Group plc
- Agero Inc.
- Aplicom Ltd.
- Aviva Plc
- AXA Group
- Masternaut Ltd.
- Mercedes Benz Group AG
- Meta System S.p.A
- MiX Telematics Ltd.
- Octo Group S.p.A
- Sierra Wireless Inc.
- The Allstate Corp.
- TomTom International BV
- Trak Global Group
- Trimble Inc.
- Verizon Communications Inc.
- Zurich Insurance Co. Ltd.