IoT Insurance Market to See Major Growth by 2026 | Lemonade, Cisco Systems, Oracle, Zonoff
Research Reports
Nov 06, 2021
IoT Insurance is the most important thing nowadays. It is a new approach that is based on the use of sensors to monitor the state of an insured risk transforming rough data in usable and actionable information it can be quickly processed along the insurance value-added chain. IoT has entered consumer’s everyday lives across the world and also have transformed the business models across various industries. It is observed that Automation can cut the cost of the claims process by as much as 30% and IoT-connected devices have helped some insurance companies lower their premiums by as much as 25%.
This atmosphere had provided opportunities for insurers, to make or develop new products, open distribution channel and many more things with prevention, insurance, and assistance.
Some of the key players profiled in the study are:
Google Inc. (United States),Lemonade Inc. (United States),SAP SE (Germany),IBM Corporation (United States),Cisco Systems, Inc. (United States),Oracle Corporation (United States),Zonoff Inc. (United States),Accenture PLC (Ireland),LexisNexis (United States),AXA Insurance (France)
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Advance Market Analytics published a new research publication on “Global IoT Insurance Market Insights, to 2026” with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the IoT Insurance market was mainly driven by the increasing R&D spending across the world.
The titled segments and sub-section of the market are illuminated below:
by Type (Property and Casualty (P&C) Insurance, Health Insurance, Life Insurance, Others), Application (Automotive and Transportation (Connected Cars, Fleet Management, Insurance Telematics and Others), Home and Commercial Buildings (Connected Home, Security, and Emergency and Others), Life and Health (Patient Health Monitoring, Connected Healthcare, Lifestyle, and Fitness Monitoring), Others)
Market Trend:
- Burgeoning adoption of Internet of Things (IoT) Products in Developed and Developing Economies
- Acceptance of IoT Based Devices have Improved the Services of Insurance Industries
Market Drivers:
- Rising Demand for Cloud and Other Value Added Services in the Insurance Industry
- Increasing Technological Advancements in this Industries
- IoT Manages in Reducing the Premiums and Risk-Related Tariffs
Market Opportunities:
- Cumulating Need of Insurance for Various IoT Enabled Applications such as Automotive, Health Care, Life Care, and Many More
- Increased Investments Made by the Organizations or IT Providers for IoT Startups
Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.
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Strategic Points Covered in Table of Content of Global IoT Insurance Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the IoT Insurance market
Chapter 2: Exclusive Summary – the basic information of the IoT Insurance Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the IoT Insurance
Chapter 4: Presenting the IoT Insurance Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country 2015-2020
Chapter 6: Evaluating the leading manufacturers of the IoT Insurance market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2021-2026)
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
Finally, IoT Insurance Market is a valuable source of guidance for individuals and companies.
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