The global insurance telematics market is expected to grow 18.5% by 2027

Report Ocean According to a new report published by REPORT OCEAN on September 21, 2021, the global insurance telematics market is expected to grow at a healthy rate of over 18.5% over the 2021-2027 forecast period. The global insurance telematics market will reach approximately US $ 2.25 billion in 2020 and is expected to grow at a healthy rate of over 18.5% in the 2021-2027 forecast period. Please request a free sample page before purchasing the report: https://reportocean.com/industry-verticals/sample-request?report_id=bw925 Market Overview: COVID-19 Pandemic Waits Home by Government Has become a problem for the insurance industry as it announces its protocol. The COVID-19 epidemic also poses a problem for insurers as it temporarily shuts down insurers' customer service and financial advisors, forcing them to work from home around the world. Insurance companies have introduced a driver monitoring technique called telematics to recognize safe drivers and provide them with simplified car insurance. Telematics has various merits such as safety and security services such as automatic collision notification and medical support. This insurance installs a small device in a customer's car, collects data, records speed patterns, braking patterns, mileage, etc. and analyzes driving skills. This data helps insurers estimate premiums, and each factor influences premium payments. Drivers participating in this program will have access to data online and will have the opportunity to actively change their driving behavior and reduce insurance premiums. Consumer enthusiasm for in-car connectivity, increased smartphone penetration, lower cost connectivity solutions, increased regulatory compliance and regulation, and increased traction for risk assessment and management are factors in market growth during the forecast period. I am. For example: According to Zenith's Mobile Advertising Forecasts 2017, about 66% of individuals use smartphones in 2018, up from 63% in 2017 and 58% in 2016 worldwide. However, privacy concerns about personal data are a major driver of the growth of the global insurance telematics market during the forecast period. A regional analysis of the global insurance telematics market covers key regions such as Asia Pacific, North America, Europe, Latin America and other regions. North America has become a world-leading and important region in terms of market share due to the rapid adoption of insurance telematics solutions due to the dynamic market environment. The Asia Pacific region, on the other hand, is expected to show the highest growth rate / CAGR during the 2021-2027 forecast period. The main market players listed in this report are: The purpose of this study is to define the market size of different segments and countries in recent years and to predict the market size for the next 8 years. This report is designed to capture the qualitative and quantitative aspects of industry in each region / country surveyed. It also provides detailed information on key aspects such as the factors and challenges that will determine the future growth of the market. It also provides a detailed analysis of competitive conditions and product offerings by major companies, as well as available opportunities in the micromarkets where stakeholders invest. The detailed segments and sub-segments of the market are as follows. By type: For more information, please email sandeep@reportocean.com. We at @ReportOcean update our database quarterly. By Deployment Mode: By Offering: By End User Industry: By Region: Introducing the main topics. Chapter 1 Research Framework 1.1. Research Objectives 1.2. Product Overview 1.3. Survey Methods Chapter 2 Executive Summary: Global Insurance Telematics Market Chapter 3. Overview of the Global Insurance Telematics Market 3.1. Industry Value Chain Analysis 3.2. Industry outlook 3.3. PESTLE analysis 3.4. Porters Five Force analysis 3.5. Market dynamics and trends 3.6. Market growth and outlook 3.7. Covid-19 impact assessment on market growth trends 3.8. Regulatory trends 3.9. Price trend analysis No. Chapter 4 Competitive Dashboard 4.1. Market Concentration 4.2. Corporate Market Share Analysis (Amount%), 2020 4.3. Competitive Mapping Chapter 5. Insurance Telematics Market Size and Trend Analysis, By Type Chapter 6. Insurance Telematics market size and trend analysis, by introduction type Chapter 7. Insurance telematics market size / trend analysis, by offering Chapter 8. Insurance telematics market size and trend analysis, by end user industry Chapter 9. Insurance telematics market Size and Trend Analysis: Regional / Country Chapter 10. North American Insurance Telematics Market Size and Trend Analysis Chapter 11. European Insurance Telematics Market Size and Trend Analysis Chapter 12. Asia Pacific Insurance Telematics Market Size and Trend Analysis Chapter 13. MEA / Africa Insurance Telematics Market Size and Trend Analysis Chapter 14. South American Insurance Telematics Market Size and Trend Analysis Chapter 15. Company Profile (Company Profile, Financial Matrix, Key Product Landscape, Key Persons, Major Competitors, contacts, business strategy outlook) * Country-specific analysis is available on request. * Analysis at the country level is also possible upon request. Request to confirm the scope of the report: https://reportocean.com/industry-verticals/sample-request?report_id=bw925 About us: We are the best market research report provider in the industry. 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