Insurance Telematics Market by Deployment Type
““Smartphone penetration and consumer’s enthusiasm for in-car connectivity to drive the insurance telematics market” The insurance telematics market size is expected to grow from USD 857.2 million in 2015 to USD 2.21 billion in 2020, at a Compound Annual Growth Rate (CAGR) of 20.9%. Consumer’s enthusiasm for in-car connectivity and growth of smartphone penetration in insurance and automobile sector are among the factors driving the insurance telematics market. The other factor driving the growth of the insurance telematics market is the increase in regulatory compliances and regulations. Furthermore, the market is expected to be driven by opportunities such as the growth in IoT and increased demand for telematics solutions in insurance and automotive sector.
Content
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Insurance Telematics Market by Deployment Type, End User
(Small and Medium Enterprises, and Large Enterprises), and
by Region (North America, Europe, Asia-Pacific, Middle East
and Africa, and Latin America) – Global Forecast and Analysis
to 2020
““Smartphone penetration and consumer’s enthusiasm for in-car connectivity to drive the
insurance telematics market”
The insurance telematics market size is expected to grow from USD 857.2 million in 2015 to
USD 2.21 billion in 2020, at a Compound Annual Growth Rate (CAGR) of 20.9%. Consumer’s
enthusiasm for in-car connectivity and growth of smartphone penetration in insurance and
automobile sector are among the factors driving the insurance telematics market. The other
factor driving the growth of the insurance telematics market is the increase in regulatory
compliances and regulations. Furthermore, the market is expected to be driven by
opportunities such as the growth in IoT and increased demand for telematics solutions in
insurance and automotive sector.
“Large enterprises are estimated to contribute the largest market share duing the forecast
period”
Owing to the emergence of digital channels and evolution of technological advancement in
cloud and mobile business operations, data infringement issues, and operational risks, large
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enterprises are investing heavily in these solutions to simplify their insurance process and
sustain competitive advantage. Insurance telematics cloud deployment is expected to grow
with the highest rate from 2015 to 2020. However, on-premises deployment is expected to
contribute the largest market share during the forecast period.
Asia-Pacific (APAC) is expected to be the fastest growing market in the insurnace telematics
market
In terms of regions, the insurance telematics market is segmented into five major regional
segments, namely, North America, APAC, Europe, Latin America, and Middle East and Africa
(MEA).
The Full Report:
http://www.gosreports.com/insurance-telematics-market-by-deployment-t
ype-end-user-small-and-medium-enterprises-and-large-enterprises-and-b
y-region-north-america-europe-asia-pacific-middle-east-and-africa-and
-latin-am
Breakdown of Primaries:
In the process of determining and verifying the market size for several segments and
sub-segments gathered using secondary research, extensive primary interviews were
conducted. Various key people in Tier 1, Tier 2, and Tier 3 companies were contacted for
primary interviews. The interviews were conducted with CEOs, CIOs, vice presidents,
marketing directors, insurance telematics technologists, and other innovation and
technology directors and executives from various key organizations operating in the
insurance telematics marketplace. Primary interviews were conducted worldwide covering
North America, Europe, APAC, MEA, and Latin America.
Distribution of primary interviews is as follows
By Company Type: Tier 1- 55%, Tier2-20%, and Tier 3-25%
By Designation: C-Level-60%, Director Level-25%, and Others*-15%
By Region: North America-10%, Europe-20%, Asia-Pacific-40%, and RoW-30%
Table of contents:
”
1 INTRODUCTION 12
1.1 OBJECTIVES OF THE STUDY 12
1.2 MARKET DEFINITION 12
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1.3 MARKET SCOPE 13
1.3.1 MARKETS COVERED 13
1.3.2 YEAR CONSIDERED FOR THE STUDY 14
1.4 CURRENCY 14
1.5 STAKEHOLDERS 14
1.6 LIMITATION 14
2 RESEARCH METHODOLOGY 15
2.1 RESEARCH DATA 15
2.1.1 SECONDARY DATA 16
2.1.1.1 key data from secondary sources 16
2.1.2 PRIMARY DATA 16
2.1.2.1 key data from primary sources 17
2.1.2.2 Key industry insights 18
2.1.2.3 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND
REGION 18
2.2 MARKET SIZE ESTIMATION 19
2.2.1 BOTTOM-UP APPROACH 19
2.2.2 TOP-DOWN APPROACH 20
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 21
2.4 RESEARCH ASSUMPTIONS 22
3 EXECUTIVE SUMMARY 23
4 PREMIUM INSIGHTS 26
4.1 ATTRACTIVE MARKET OPPORTUNITIES IN INSURANCE TELEMATICS MARKET 26
4.2 INSURANCE TELEMATICS MARKET, 2015-2020 26
4.3 INSURANCE TELEMATICS MARKET, BY DEPLOYMENT TYPE AND BY REGION, 2015 27
4.4 LIFECYCLE ANALYSIS, BY REGION, 2015 28
5 MARKET OVERVIEW 29
5.1 INTRODUCTION 30
5.1.1 BY DEPLOYMENT TYPE 30
5.1.2 BY END USER 30
5.1.3 BY REGION 31
5.2 MARKET DYNAMICS 31
5.2.1 DRIVERS 32
5.2.1.1 Consumer’s enthusiasm for in-car connectivity 32
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More Information:
http://www.gosreports.com/insurance-telematics-market-by-deployment-type-end-user-small-a
nd-medium-enterprises-and-large-enterprises-and-by-region-north-america-europe-asia-pacificmiddle-east-and-africa-and-latin-am/
/
/ Joanna | Executive - International Business and partner Relations
Gos International Inc.
E-mail: [email protected] | Web: www.gosreports.com
Gos International Inc. is one of the leading distributors of market research reports in the
world today.
http://www.gosreports.com
Insurance Telematics Market by Deployment Type, End User
(Small and Medium Enterprises, and Large Enterprises), and
by Region (North America, Europe, Asia-Pacific, Middle East
and Africa, and Latin America) – Global Forecast and Analysis
to 2020
““Smartphone penetration and consumer’s enthusiasm for in-car connectivity to drive the
insurance telematics market”
The insurance telematics market size is expected to grow from USD 857.2 million in 2015 to
USD 2.21 billion in 2020, at a Compound Annual Growth Rate (CAGR) of 20.9%. Consumer’s
enthusiasm for in-car connectivity and growth of smartphone penetration in insurance and
automobile sector are among the factors driving the insurance telematics market. The other
factor driving the growth of the insurance telematics market is the increase in regulatory
compliances and regulations. Furthermore, the market is expected to be driven by
opportunities such as the growth in IoT and increased demand for telematics solutions in
insurance and automotive sector.
“Large enterprises are estimated to contribute the largest market share duing the forecast
period”
Owing to the emergence of digital channels and evolution of technological advancement in
cloud and mobile business operations, data infringement issues, and operational risks, large
www.gosreports.com
enterprises are investing heavily in these solutions to simplify their insurance process and
sustain competitive advantage. Insurance telematics cloud deployment is expected to grow
with the highest rate from 2015 to 2020. However, on-premises deployment is expected to
contribute the largest market share during the forecast period.
Asia-Pacific (APAC) is expected to be the fastest growing market in the insurnace telematics
market
In terms of regions, the insurance telematics market is segmented into five major regional
segments, namely, North America, APAC, Europe, Latin America, and Middle East and Africa
(MEA).
The Full Report:
http://www.gosreports.com/insurance-telematics-market-by-deployment-t
ype-end-user-small-and-medium-enterprises-and-large-enterprises-and-b
y-region-north-america-europe-asia-pacific-middle-east-and-africa-and
-latin-am
Breakdown of Primaries:
In the process of determining and verifying the market size for several segments and
sub-segments gathered using secondary research, extensive primary interviews were
conducted. Various key people in Tier 1, Tier 2, and Tier 3 companies were contacted for
primary interviews. The interviews were conducted with CEOs, CIOs, vice presidents,
marketing directors, insurance telematics technologists, and other innovation and
technology directors and executives from various key organizations operating in the
insurance telematics marketplace. Primary interviews were conducted worldwide covering
North America, Europe, APAC, MEA, and Latin America.
Distribution of primary interviews is as follows
By Company Type: Tier 1- 55%, Tier2-20%, and Tier 3-25%
By Designation: C-Level-60%, Director Level-25%, and Others*-15%
By Region: North America-10%, Europe-20%, Asia-Pacific-40%, and RoW-30%
Table of contents:
”
1 INTRODUCTION 12
1.1 OBJECTIVES OF THE STUDY 12
1.2 MARKET DEFINITION 12
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1.3 MARKET SCOPE 13
1.3.1 MARKETS COVERED 13
1.3.2 YEAR CONSIDERED FOR THE STUDY 14
1.4 CURRENCY 14
1.5 STAKEHOLDERS 14
1.6 LIMITATION 14
2 RESEARCH METHODOLOGY 15
2.1 RESEARCH DATA 15
2.1.1 SECONDARY DATA 16
2.1.1.1 key data from secondary sources 16
2.1.2 PRIMARY DATA 16
2.1.2.1 key data from primary sources 17
2.1.2.2 Key industry insights 18
2.1.2.3 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND
REGION 18
2.2 MARKET SIZE ESTIMATION 19
2.2.1 BOTTOM-UP APPROACH 19
2.2.2 TOP-DOWN APPROACH 20
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 21
2.4 RESEARCH ASSUMPTIONS 22
3 EXECUTIVE SUMMARY 23
4 PREMIUM INSIGHTS 26
4.1 ATTRACTIVE MARKET OPPORTUNITIES IN INSURANCE TELEMATICS MARKET 26
4.2 INSURANCE TELEMATICS MARKET, 2015-2020 26
4.3 INSURANCE TELEMATICS MARKET, BY DEPLOYMENT TYPE AND BY REGION, 2015 27
4.4 LIFECYCLE ANALYSIS, BY REGION, 2015 28
5 MARKET OVERVIEW 29
5.1 INTRODUCTION 30
5.1.1 BY DEPLOYMENT TYPE 30
5.1.2 BY END USER 30
5.1.3 BY REGION 31
5.2 MARKET DYNAMICS 31
5.2.1 DRIVERS 32
5.2.1.1 Consumer’s enthusiasm for in-car connectivity 32
www.gosreports.com
More Information:
http://www.gosreports.com/insurance-telematics-market-by-deployment-type-end-user-small-a
nd-medium-enterprises-and-large-enterprises-and-by-region-north-america-europe-asia-pacificmiddle-east-and-africa-and-latin-am/
/
/ Joanna | Executive - International Business and partner Relations
Gos International Inc.
E-mail: [email protected] | Web: www.gosreports.com
Gos International Inc. is one of the leading distributors of market research reports in the
world today.
