Global Insurance Telematics Market

Market Dynamics:
1. Market Drivers
1.1 Emergence and adoption of IoT
1.2 Rising need of insurance telematics across the insurance and automotive sector
1.3 Rising demand for risk assessment and management
1.4 Reduction in the costs of connectivity solutions
1.5 Increasing usage of Smartphone
1.6 Growing need of regulatory compliance and regulations
2. Market Restraints
2.1 No standardized system available
2.2 Concerns for data privacy of end user
2.3 Rising security issues related to cloud and mobile technologies
2.4 Lack of awareness among end users about insurance telematics

Market Segmentation:
The Global Insurance Telematics Market is segmented on the organization size, deployment model, and region.

1. Organization Size:
1.1 Large Enterprises
1.2 Small and Medium Organizations

2. By Deployment Mode:
2.1 Cloud
2.2 On-premises

3. By Region:
3.1 North America (U.S., Canada, Mexico)
3.2 Europe (Germany, UK, France, Rest of Europe)
3.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
3.4 Latin America (Brazil, Argentina, Rest of Latin America)
3.5 Middle East & Africa

Competitive Landscape:
The major players in the market are as follows:
1. TOMTOM Telematics
2. Trimble Navigation
3. Verizon Enterprise Solutions
4. Mix Telematics
5. Sierra Wireless
6. Octo Telematics
7. Masternaut Limited
8. Agero Inc.
9. Aplicom OY
10. Telogis

These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Global Insurance Telematics Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.

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