Usage Based Insurance Market to Witness Revolutionary Growth by 2026 | Vodafone, Norris Insurance, TomTom

Usage based insurance also referred as pay-per-mile, pay-as-you-drive or pay-as-you-go is a type of auto insurance that depending on the specific insurer’s program. It can measure how far a vehicle is driven, where it is driven and how it is driven. The demand for usage based insurance is highly propelled in recent years with the increasing adoption of telematics in the vehicle as well as increasing adoption of mobility as a service. Insurance companies and telematics companies operating in the developed and developing countries are scoring investments which helps to growth of usage based insurance market.

 Some of the key players profiled in the study are:

Allstate (United States),Progressive Corporation (United States),Vodafone (United Kingdom),Octo Telematics (United Kingdom),Norris Insurance (United States),Intellimec (Canda),TomTom (Netherlands),Octo Telematics (Italy),Allianz (Germany),AXA (France),Liberty Mutual (United States),Verizon (United States),Sierra Wireless (Canada)

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Advance Market Analytics published a new research publication on “Global Usage Based 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 Usage Based Insurance market was mainly driven by the increasing R&D spending across the world.

Keep yourself up-to-date with latest market trends and changing dynamics due to COVID Impact and Economic Slowdown globally. Maintain a competitive edge by sizing up with available business opportunity in Usage Based Insurance Market various segments and emerging territory.

The titled segments and sub-section of the market are illuminated below:

by Vehicle (Passenger Vehicle, Commercial Vehicle), Technology (OBD-II, Smartphone, Embedded System, Black Box, Other), Package (Pay-As-You-Drive (PAYD), Pay-How-You-Drive (PHYD), Manage-How-You-Drive (MHYD))

Market Trend:

• Trend of Try-Before-You-Buy (TBYB) Insurance Model

Market Drivers:

• Significant Growth in the Automotive Industry
• Increasing Adoption of Telematics and Connected Cars

 Market Opportunities:

• Rising Penetration of Smartphones Integrated With Vehicle Connectivity Systems

 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 Usage Based Insurance Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Usage Based Insurance market

Chapter 2: Exclusive Summary – the basic information of the Usage Based Insurance Market.

Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Usage Based Insurance

Chapter 4: Presenting the Usage Based 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 Usage Based 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, Usage Based Insurance Market is a valuable source of guidance for individuals and companies.

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Craig Francis (PR & Marketing Manager)

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Unit No. 429, Parsonage Road Edison, NJ

New Jersey USA – 08837

Phone: +1 (206) 317 1218

[email protected] 

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Contact Information:
Contact Us: Craig Francis (PR & Marketing Manager) AMA Research & Media LLP Unit No. 429, Parsonage Road Edison, NJ New Jersey USA – 08837 Phone: +1 (206) 317 1218 [email protected]

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