Insurance Telematics Market Report: Comprehensive Analysis and Future Projections


Dublin, Aug. 10, 2023 (GLOBE NEWSWIRE) -- The "Insurance Telematics - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The provides a comprehensive analysis of the world insurance telematics market, covering the years 2014 through 2030.

The market is examined in terms of annual sales in US$ million, and various tables provide insights into the recent past, current, and future analysis for insurance telematics across different geographic regions, including the USA, Canada, Japan, China, Europe, Asia-Pacific, and Rest of World markets.

The analysis includes a percentage breakdown of value sales for specific regions and types of insurance telematics, such as pay-as-you-drive, pay-how-you-drive, and pay-as-you-go.

Additionally, the presence of the insurance telematics market in key regions, such as the United States, Canada, Japan, China, Europe, Asia-Pacific, and Rest of World, is highlighted based on market presence categories - Strong, Active, Niche, and Trivial.

The report also identifies key competitors in each region for the year 2023, providing valuable insights into the market's competitive landscape.

Global Insurance Telematics Market to Reach $21.3 Billion by 2030

In the changed post COVID-19 business landscape, the global market for Insurance Telematics estimated at US$5.2 Billion in the year 2022, is projected to reach a revised size of US$21.3 Billion by 2030, growing at a CAGR of 19.3% over the analysis period 2022-2030.

Software, one of the segments analyzed in the report, is projected to record 18.8% CAGR and reach US$13.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Hardware segment is readjusted to a revised 20.4% CAGR for the next 8-year period.

The U.S. Market is Estimated at $1.6 Billion, While China is Forecast to Grow at 18.9% CAGR

The Insurance Telematics market in the U.S. is estimated at US$1.6 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$3.7 Billion by the year 2030 trailing a CAGR of 18.9% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 17% and 16.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 13.4% CAGR.

What`s New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

A selection of companies mentioned in this report includes

  • Agero, Inc.
  • Aplicom Oy
  • Masternaut Ltd.
  • MiX Telematics
  • Octo Telematics Ltd.
  • Sierra Wireless, Inc.
  • Telogis, Inc.
  • Tomtom Telematics BV
  • Trimble Navigation Ltd.
  • Verizon Enterprise Solutions


For more information about this report visit https://www.researchandmarkets.com/r/y355fv

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Global Market for Insurance Telematics

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