Global Internet of Things (IoT) Insurance Market Set for Rapid Growth - Emergen Research

Increasing demand for IoT devices in the insurance industry to enhance customer experience and growing demand for value-added service is driving Internet of Things (IoT) insurance market growth.

Global Internet of Things (IoT) Insurance Market research report published by Emergen Research describes in detail the vital aspects of the Internet of Things (IoT) Insurance market on a global and regional level. The report offers a comprehensive assessment of recent technological developments, product advancements, current and emerging trends, key statistical data, forecast estimation, and major companies operating in the market. The report covers the impact of the pandemic on the Internet of Things (IoT) Insurance industry with a special focus on the affected key segments of the industry. According to our analysts, the market is expected to regain momentum in a post-COVID-19 scenario.

The global Internet of Things (IoT) insurance market is expected to reach a market size of USD 775.65 Billion by 2028 and register a high revenue CAGR, according to latest analysis by Emergen Research. Increasing demand for IoT devices in the insurance industry to enhance customer experience is the key factor driving the global Internet of Things (IoT) insurance market growth during the forecast period. Besides, growing demand for value-added services is expected to propel global Internet of Things (IoT) insurance market growth during the forecast period. Furthermore, increasing adoptionof Internet of Things (IoT) devices in developing and developed countries is expected to augment global Internet of Things (IoT) insurance market growth going ahead.

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The research report offers in-depth insights into company profiles along with their production values, production capacity, product portfolio, strategic plans such as mergers and acquisitions, joint ventures, collaborations, product launches and brand promotions, government and corporate deals, among others. The report, additionally, offers a comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a better understanding of the competitive landscape of the industry.

Leading Players Profiled in the Report:

Google LLC, Microsoft Corporation, International Business Machines Corporation, Oracle Corporation, Cisco Systems, Inc., SAP SE, Accenture PLC, Wipro Ltd., Damco International AS, Capgemini SE

The report analyzes the market based on different categories such as product types, end-user applications, and leading geographical regions. It offers key insights into the factors that are expected to influence the growth of the segments and sub-segments.

Internet of Things (IoT) Insurance Market Segmentation:

  • Insurance Type Outlook (Revenue, USD Billion; 2021–2028)

    • Pension Insurance
    • Warranty Insurance
    • Cyber Insurance
    • Life Insurance
    • Property & Casualty Insurance
    • Health Insurance
    • Others
  • Application Outlook (Revenue, USD Billion; 2021–2028)

    • Connected Home
    • Connected Car
    • Connected Health
    • Commercial Lines
    • Others
  • End-use Outlook (Revenue, USD Billion; 2021–2028)

    • Automotive
    • Retail
    • Industrial
    • Residential
    • Healthcare
    • Logistics
    • Others

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Major regions include North America, Latin America, Europe, Asia-Pacific, and the Middle East & Africa. The report studies the market in these regions on the basis of demand and trends, consumer behavior and preferences, government initiatives and regulatory framework, economic growth, technological developments, supply and demand, production and consumption patterns, import/export, and presence of key players in each region.

Key Regions Analyzed in the Report:

  • North America
    • Canada
    • S.
    • Mexico
  • Europe
    • Germany
    • Italy
    • K.
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Rest of APAC
  • Latin America
    • Brazil
    • Argentina
    • Chile
    • Peru
    • Rest of Latin America
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • A.E
    • Rest of Middle East & Africa

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