Global IoT Insurance Market – Industry Trends and Forecast to 2028

  • Semiconductors and Electronics
  • Upcoming Report
  • May 2021
  • Global
  • 350 Pages
  • No of Tables: 60
  • No of Figures: 220

Global IoT Insurance Market, By Type (Health Insurance, Property and Causality Insurance, Agricultural Insurance, Life Insurance, Others), End-User (Automotive and Transport, Travel, Healthcare, Home and Commercial Buildings, Business, Agriculture, Consumer Electronics), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028 

IoT Insurance Market Market Analysis and Insights : Global IoT Insurance Market

The IoT insurance market is expected to witness market growth at a rate of 65.94% in the forecast period of 2021 to 2028. Data Bridge Market Research report on IoT insurance market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth.  

Internet of Things (IoT) Insurance presents an opportunity for brokers to partner with policyholders with a full view of the policyholder, it reduces risk in real time and lessens the claims pay-outs for the insurer and offers a deep level of satisfaction to the policyholders.

Factors such as the increasing of acceptance of Internet of Things (IoT) products in advanced and advancing countries, rising need of cloud platform and other value added facilities in the insurance industry concession in finest and risk associated expenses, IoT permitted devices progresses the insurance amenities are expected to boost the growth of the IoT insurance market in the forecast period. communication standards and data discretion issues are one of the major factors most likely anticipated to hinder the growth of the IoT insurance market in the forecast period. The growing demand of insurance for numerous IoT allowed applications for example automobiles, healthcare, life, home and commercial sectors, new expansions in the insurance models, data produced from IoT advances the business intellect in the insurance industry

growing of the investments in IoT insurance start-ups extend profitable opportunities for the growth of the IoT insurance market in the forecast period. Despite that, difficulty caused by legacy systems, and absence in client engagement, understanding, abilities, and purchasing procedures and rigid consequences further challenge the growth of the IoT insurance market in the coming years.

This IoT insurance market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on IoT insurance market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.                                                              

IoT Insurance Market Scope and Market Size

The IoT insurance market is segmented on the basis of type and end user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets. 

  • Based on the type, the IoT insurance market is segmented into health insurance, property and causality insurance, agricultural insurance, life insurance, others. Others is further sub segmented into warranty insurance, farmers’ insurance, cyber insurance, pet insurance, savings and investments insurance, pension insurance.
  • Based on the end-user, the IoT insurance market is segmented into automotive and transport, travel, healthcare, home and commercial buildings, Business, agriculture, consumer electronics and others. Automotive and transport is further sub segmented into connected cars, fleet management, insurance telematics, stolen vehicle recovery, supply chain optimization and inventory management, logistic and navigation. Home and commercial buildings is further sub segmented into connected home, security and emergency, proactive loss prevention. Healthcare is further sub segmented into patient health monitoring, connected healthcare, lifestyle and fitness monitoring. Business is further sub segmented into profile authentication and verification, business-specific risks and fraud mitigation, workforce management. Consumer electronics is further sub segmented into product based diagnostics and warranty management. Travel is further sub segmented into situational awareness. Agriculture is further sub segmented into livestock monitoring, climate monitoring and forecasting.

IoT Insurance Market Country Level Analysis

The IoT insurance market is analysed and market size, volume information is provided by country, type and end user as referenced above.   

The countries covered in the IoT insurance market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC)  in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).  

North America dominates the IoT insurance market because of the existence of advanced countries, high financing power, early approval for internet of things (IoT). Furthermore, the advancement of the new technologies for example IoT, Big data and others by many organization will have positive influence for the growth of the Internet of Things (IoT) Insurance market in the region. Asia-Pacific is expected to observe significant amount of growth in the IoT insurance market because of the growing industrialization and urbanization. Moreover, the increasing acceptance of IoT devices such as smartphones, drones, and Wi-Fi dongles, amongst others in the developing countries has grown the need for IoT insurance which in turn is anticipated to further propel the growth of the IoT insurance market in the region in the forecast period.

 The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and IoT Insurance Market Share Analysis

The IoT insurance market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to IoT insurance market.

The major players covered in the IoT insurance market report are Google Inc., Lemonade Inc., SAP SE, IBM Corporation, Cisco Systems, Inc., Oracle Corporation, Zonoff Inc., Accenture PLC, LexisNexis, Capgemini, Hippo Insurance, Lemonade Inc., Microsoft inc., Zurich Insurance Group Ltd., Berkshire Hathaway Inc., Allianz, Concirrus, Genpact, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

Customization Available : Global IoT Insurance Market

Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.


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