The insurance telematics market is impressively growing due to the acceptance of the telematics technology in various sectors. Telematics devices are used to track the vehicle at real time, satellite navigation etc. Telematics devices are installed in a vehicle which enable the insurance provider to avail the precise information such as time of driving, on-road activity and how much time spent while driving. The concept is primarily used by automobile industry to keep a check on the customers driving skills and based on that the insurance premiums are changed. Demand Scenario The global insurance telematics market was USD 935.4 million in 2018 and is estimated.to reach USD 2283.73 million by 2025 at a CAGR of 13.60% during the forecast period. Growth by Region North America is forecasted to dominant the market in the upcoming years followed by Europe and MEA. However, Asia Pacific and South America is showing significant growth is adopting and demonstrating the telematics based technologies. Drivers vs. Constraints The increasing need to track down the vehicles along with information provided by the technology increase the market growth. Even the government policies are formulated which encourage the growth. The increase use of smart phones, IoT, high speed internet facilities, cloud computing increase the market growth. However, the high cost of deployment, possibility of breach of security and accessing the data are the constraints of the market growth. In many countries, people are not aware about the advanced technologies which hinder the growth. Industry Structure and Updates March 2017 - Trimble and Caterpillar Inc. have join hands for a very big project which can bring on-highway telematics to construct operations and the collaboration is going to extended Caterpillar's CAT Connect solutions which include Trimble's real-time, truck fleet visibility and monitoring capabilities, and enabled both on-highway and off-highway fleet management. August 2017 - Octo Telematics and Agero Inc. had partnered to deliver an integrated crash management solution to enable carriers to respond more quickly to any crash situation, and will permit insurance carriers to improve First Notice of Loss services and savings.
Global Insurance Telematics Market - by Deployment Type, Offering, Type, End User Application, Region - Market Size, Demand Forecasts, Company Profiles, Industry Trends and Updates (2018 - 2025) 1. Research Methodology 2. Executive Summary 3. Market Overview 3.1. Definition 3.2. Industry Value Chain Analysis 3.3. Porter's 5 Forces 3.4. Regulations 4. Market Dynamics 4.1. Introduction 4.2. Drivers 4.3. Constraints 4.4. Trends 5. Global Insurance Telematics Market Segmentation, Forecasts and Trends - by Deployment Type 5.1. Cloud 5.2. On-Premises 6. Global Insurance Telematics Market Segmentation, Forecasts and Trends - by Offering 6.1. Hardware 6.2. Software 7. Global Insurance Telematics Market Segmentation, Forecasts and Trends - by Type 7.1. Pay-As-You-Drive 7.2. Pay-How-You-Drive 7.3. Pay-As-You-Go 8. Global Insurance Telematics Market Segmentation, Forecasts and Trends - by End User Application 8.1. Personal 8.2. Commercial 8.3. Fleet Level 9. Global Insurance Telematics Market Segmentation, Forecasts and Trends - by Region 9.1. North America 9.1.1. USA 9.1.2. Canada 9.1.3. Mexico 9.2. Europe 9.2.1. Germany 9.2.2. U.K 9.2.3. France 9.2.4. Spain 9.2.5. Italy 9.2.6. Russia 9.2.7. Others 9.3. South America 9.3.1. Brazil 9.3.2. Argentina 9.3.3. Others 9.4. Asia Pacific 9.4.1. China 9.4.2. India 9.4.3. Japan 9.4.4. Australia 9.4.5. Others 9.5. Middle East and Africa 9.5.1. South Africa 9.5.2. Saudi Arabia 9.5.3. UAE 9.5.4. Others 10. Competitive Intelligence 10.1. Company Market Share Analysis 10.2. Industry M&As, Consolidations 11. Company Profiles 11.1. CoverBox Ltd. 11.2. Hughes Telematics Inc. 11.3. Insure The Box 11.4. Liberty Mutual Insurance Company 11.5. MyDrive Solutions 11.6. Novatel Wireless 11.7. Numerex Corporation 11.8. State Farm 11.9. TomTom 11.10. TRACKER Networks 11.11. Travelers Indemnity Company 11.12. Trimble Insurance Agency Inc. 11.13. ViaSat Inc. 11.14. Zurich Finanicial Services Ltd. 11.15. Octo Telematics 11.16. Verizon Enterprise Solutions 11.17. Agero Inc. 11.18. Telogis 11.19. Sierra Wireless Inc. 11.20. Aplicom 11.21. MiX Telematics 11.22. Masternaut Ltd. 11.23. Others 12. Investment Opportunities