Dublin, Aug. 30, 2024 (GLOBE NEWSWIRE) -- The "Usage-based Insurance - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Usage-based Insurance was estimated at US$30.3 Billion in 2023 and is projected to reach US$145 Billion by 2030, growing at a CAGR of 25.1% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. 
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Pay-As-You-Drive (PAYD) Insurance segment, which is expected to reach US$75.7 Billion by 2030 with a CAGR of a 27.5%. The Pay-How-You-Drive (PHYD) Insurance segment is also set to grow at 24.4% CAGR for the next 7-year period.
- Regional Analysis: Gain insights into the U.S. market, which was estimated at $9.3 Billion in 2023, and China, forecasted to grow at an impressive 23.7% CAGR to reach $23.8 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Usage-based Insurance Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Usage-based Insurance Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Usage-based Insurance Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Allianz SE, Allstate Insurance Company, Cambridge Mobile Telematics, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 11 Featured):
- Allianz SE
- Allstate Insurance Company
- Cambridge Mobile Telematics
- Inseego Corporation
- insurethebox
- Intelligent Mechatronic Systems, Inc.
- Liberty Mutual Insurance
- Mapfre
- Modus Group
- Octo Telematics Ltd.
- Progressive Corporation
- Sierra Wireless, Inc.
- The Floow Ltd.
- TomTom International BV
- TrueMotion
- Unipolsai Assicurazioni S.p.A.
- Verizon Enterprise Solutions
- Vodafone Group PLC
Key Attributes
| Report Attribute | Details |
| No. of Pages | 158 |
| Forecast Period | 2023-2030 |
| Estimated Market Value (USD) in 2023 | $30.3 Billion |
| Forecasted Market Value (USD) by 2030 | $145 Billion |
| Compound Annual Growth Rate | 25.1% |
| Regions Covered | Global |
Key Topics Covered
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Usage-based Insurance - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
- Global Economic Update
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Growing Adoption of Telematics and IoT in Insurance
- Rising Consumer Demand for Personalized Insurance Policies
- Market Growth Driven by Increasing Vehicle Connectivity
- Technological Innovations in Real-Time Data Collection and Analytics
- Impact of Smart Mobility and Electric Vehicles on Usage-Based Insurance
- Expansion of Pay-As-You-Drive (PAYD) and Pay-How-You-Drive (PHYD) Models
- Opportunities in Usage-Based Insurance for Commercial Fleets
- Emerging Markets Offering Growth Potential for Usage-Based Insurance
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/7glqga
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