Global Insurance Telematics Market Analysed in M&M Report Recently Published at MarketPublishers.com12 Feb 2016 • by Natalie Aster
LONDON – As of 2015, the market for insurance telematics reached a size of approximately USD 858 million. With growth of smartphone penetration, increasing demand for in-car connectivity and a declining cost of connectivity solutions this marketplace is set to grow rapidly. It is set to grow at a double digit CAGR of around 21 percent in the years to come. In 2020, the marketplace is set to be worth more than USD 2.2 billion.
However, a lack of standardized system and privacy concerns related to individuals’ private data post a challenge to this growth.
The insurance telematics cloud deployment segment is set to be the fastest growing market segment over the period 2015-2020. On-premises deployment, in the meantime, is set to contribute the largest market share in the years to come.
Region-wise, APAC, North America, Latin America, Europe, the Middle East and Africa are market leaders. APAC is set to lead the marketplace in terms of market growth, while Latin America will be second fastest growing market. However, North America will remain the number one player with the largest market share.
Telogis, Agero, MiX Telematics and Aplicom are some of major companies in the space.
In-demand research report “Insurance Telematics Market by Deployment Type, End User, and by Region - Global Forecast and Analysis to 2020” worked out by M&M is a must for anyone interested in the market for insurance telematics. The study contains an all-round overview of the global marketplace and analyses the market dynamics in detail. It concentrates on industry trends, and comprises a value chain analysis and Porter’s five forces analysis. The report examines the marketplace on the basis of deployment types and end-users. A geographic analysis if the market is available in the research study, too. The report scrutinizes the competitive landscape and includes company profiles. Global market forecasts to 2020 are on hand in the research study, as well.
Insurance Telematics Market by Deployment Type, End User, and by Region - Global Forecast and Analysis to 2020
Published: December, 2015
Price: US$ 4,650.00
More cutting-edge reports by M&M can be found at the publisher’s page.