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Telematics Insurance Market by Offering (Hardware, Services, Software), Type (Manage-How-You- Drive (MHYD), Pay-As-You-Drive (PAYD), Pay-How-You-Drive (PHYD)), Organization Size - Global Forecast 2024-2030

Publisher 360iResearch
Published Jan 16, 2024
Length 180 Pages
SKU # IRE18450973

Description

Telematics Insurance Market by Offering (Hardware, Services, Software), Type (Manage-How-You- Drive (MHYD), Pay-As-You-Drive (PAYD), Pay-How-You-Drive (PHYD)), Organization Size - Global Forecast 2024-2030


The Telematics Insurance Market size was estimated at USD 3.08 billion in 2023 and expected to reach USD 3.75 billion in 2024, at a CAGR 20.56% to reach USD 11.43 billion by 2030.

Global Telematics Insurance Market

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Telematics Insurance Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Telematics Insurance Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Telematics Insurance Market, highlighting leading vendors and their innovative profiles. These include Agero, Inc. by Sirius XM Radio, Inc., Aioi Nissay Dowa Insurance UK Ltd., Allianz SE, Allstate Insurance Company, Cambridge Mobile Telematics, Inc., DriveQuant, IMETRIK Global Inc, Insurance & Mobility Solutions by Trak Global Group, Lemonade, Inc., LexisNexis Risk Solutions, Liberty Mutual Insurance Company, Masternaut Limited by Michelin Group, Meta System S.p.A., MiX Telematics International (Pty) Ltd., Octo Telematics S.p.A., The Floow Limited by otonomo Technologies Ltd., The Progressive Group of Insurance Companies, TomTom International BV. by Bridgestone Corporation, Towergate Insurance, and Trimble Inc..

Market Segmentation & Coverage

This research report categorizes the Telematics Insurance Market to forecast the revenues and analyze trends in each of the following sub-markets:

Offering
Hardware
Services
Software
Type
Manage-How-You- Drive (MHYD)
Pay-As-You-Drive (PAYD)
Pay-How-You-Drive (PHYD)
Organization Size
Large Enterprises
Small & Medium-sized Enterprises
Region
Americas
Argentina

Brazil

Canada

Mexico

United States
California

Florida

Illinois

New York

Ohio

Pennsylvania

Texas
Asia-Pacific
Australia

China

India

Indonesia

Japan

Malaysia

Philippines

Singapore

South Korea

Taiwan

Thailand

Vietnam
Europe, Middle East & Africa
Denmark

Egypt

Finland

France

Germany

Israel

Italy

Netherlands

Nigeria

Norway

Poland

Qatar

Russia

Saudi Arabia

South Africa

Spain

Sweden

Switzerland

Turkey

United Arab Emirates

United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Telematics Insurance Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Telematics Insurance Market?
3. What are the technology trends and regulatory frameworks in the Telematics Insurance Market?
4. What is the market share of the leading vendors in the Telematics Insurance Market?
5. Which modes and strategic moves are suitable for entering the Telematics Insurance Market?

Note: PDF & Excel + Online Access - 1 Year

Table of Contents

180 Pages
1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Telematics Insurance Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Rising usage of telematics devices in insurance & automotive sectors
5.1.1.2. Growing government regulations for expanding safety in vehicles
5.1.2. Restraints
5.1.2.1. High cost of deployment of telematics insurance
5.1.3. Opportunities
5.1.3.1. Introduction of advanced telematics insurance
5.1.3.2. Growing inclination towards usage-based telematics insurance
5.1.4. Challenges
5.1.4.1. Data security issues with telematics insurance
5.2. Market Segmentation Analysis
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter’s Five Forces Analysis
5.5.1. Threat of New Entrants
5.5.2. Threat of Substitutes
5.5.3. Bargaining Power of Customers
5.5.4. Bargaining Power of Suppliers
5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework
6. Telematics Insurance Market, by Offering
6.1. Introduction
6.2. Hardware
6.3. Services
6.4. Software
7. Telematics Insurance Market, by Type
7.1. Introduction
7.2. Manage-How-You- Drive (MHYD)
7.3. Pay-As-You-Drive (PAYD)
7.4. Pay-How-You-Drive (PHYD)
8. Telematics Insurance Market, by Organization Size
8.1. Introduction
8.2. Large Enterprises
8.3. Small & Medium-sized Enterprises
9. Americas Telematics Insurance Market
9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States
10. Asia-Pacific Telematics Insurance Market
10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam
11. Europe, Middle East & Africa Telematics Insurance Market
11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom
12. Competitive Landscape
12.1. FPNV Positioning Matrix
12.2. Market Share Analysis, By Key Player
12.3. Competitive Scenario Analysis, By Key Player
13. Competitive Portfolio
13.1. Key Company Profiles
13.1.1. Agero, Inc. by Sirius XM Radio, Inc.
13.1.2. Aioi Nissay Dowa Insurance UK Ltd.
13.1.3. Allianz SE
13.1.4. Allstate Insurance Company
13.1.5. Cambridge Mobile Telematics, Inc.
13.1.6. DriveQuant
13.1.7. IMETRIK Global Inc
13.1.8. Insurance & Mobility Solutions by Trak Global Group
13.1.9. Lemonade, Inc.
13.1.10. LexisNexis Risk Solutions
13.1.11. Liberty Mutual Insurance Company
13.1.12. Masternaut Limited by Michelin Group
13.1.13. Meta System S.p.A.
13.1.14. MiX Telematics International (Pty) Ltd.
13.1.15. Octo Telematics S.p.A.
13.1.16. The Floow Limited by otonomo Technologies Ltd.
13.1.17. The Progressive Group of Insurance Companies
13.1.18. TomTom International BV. by Bridgestone Corporation
13.1.19. Towergate Insurance
13.1.20. Trimble Inc.
13.2. Key Product Portfolio
14. Appendix
14.1. Discussion Guide
14.2. License & Pricing
FIGURE 1. TELEMATICS INSURANCE MARKET RESEARCH PROCESS
FIGURE 2. TELEMATICS INSURANCE MARKET SIZE, 2023 VS 2030
FIGURE 3. TELEMATICS INSURANCE MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. TELEMATICS INSURANCE MARKET SIZE, BY REGION, 2023 VS 2030 (%)
FIGURE 5. TELEMATICS INSURANCE MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 6. TELEMATICS INSURANCE MARKET DYNAMICS
FIGURE 7. TELEMATICS INSURANCE MARKET SIZE, BY OFFERING, 2023 VS 2030 (%)
FIGURE 8. TELEMATICS INSURANCE MARKET SIZE, BY OFFERING, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 9. TELEMATICS INSURANCE MARKET SIZE, BY TYPE, 2023 VS 2030 (%)
FIGURE 10. TELEMATICS INSURANCE MARKET SIZE, BY TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 11. TELEMATICS INSURANCE MARKET SIZE, BY ORGANIZATION SIZE, 2023 VS 2030 (%)
FIGURE 12. TELEMATICS INSURANCE MARKET SIZE, BY ORGANIZATION SIZE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 13. AMERICAS TELEMATICS INSURANCE MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 14. AMERICAS TELEMATICS INSURANCE MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 15. UNITED STATES TELEMATICS INSURANCE MARKET SIZE, BY STATE, 2023 VS 2030 (%)
FIGURE 16. UNITED STATES TELEMATICS INSURANCE MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 17. ASIA-PACIFIC TELEMATICS INSURANCE MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 18. ASIA-PACIFIC TELEMATICS INSURANCE MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 19. EUROPE, MIDDLE EAST & AFRICA TELEMATICS INSURANCE MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 20. EUROPE, MIDDLE EAST & AFRICA TELEMATICS INSURANCE MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 21. TELEMATICS INSURANCE MARKET, FPNV POSITIONING MATRIX, 2023
FIGURE 22. TELEMATICS INSURANCE MARKET SHARE, BY KEY PLAYER, 2023

Pricing

Currency Rates
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