Internet of Things (IoT) Insurance - Global Strategic Business Report

Global Internet of Things (IoT) Insurance Market to Reach $2.1 Trillion by 2030

The global market for Internet of Things (IoT) Insurance estimated at US$93.1 Billion in the year 2022, is projected to reach a revised size of US$2.1 Trillion by 2030, growing at a CAGR of 47.9% over the analysis period 2022-2030. Property & Casualty (P&C) Insurance, one of the segments analyzed in the report, is projected to record 50.6% CAGR and reach US$954.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Health Insurance segment is readjusted to a revised 48.6% CAGR for the next 8-year period.

The U.S. Market is Estimated at $28.3 Billion, While China is Forecast to Grow at 44.3% CAGR

The Internet of Things (IoT) Insurance market in the U.S. is estimated at US$28.3 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$311.5 Billion by the year 2030 trailing a CAGR of 44.3% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 41% and 37.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 26.5% CAGR.

Select Competitors (Total 37 Featured) -

• Accenture
• Capgemini
• Cognizant
• Hippo Insurance
• IBM Corporation
• Lemonade Inc
• LexisNexis
• Oracle Corporation
• SAP SE
• Zonoff Inc

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