Automotive Usage-Based Insurance Market 2017 Trends, Growth and Forecast to 2021

(MoneyNewsWire.Net, February 24, 2017 ) The global automotive UBI market is at a nascent stage and has low penetration in the overall automotive insurance market. The market is seeing an influx of new players owing to its growth potential and the emergence of smartphone app technology in automotive UBI. The competition is expected to intensify during the forecast period because of product extensions and technological innovations. Many international players are expected to grow organically during the forecast period by expanding their customer base and creating differentiated products through partnerships with insurance companies.

Publisher's analysts forecast the global automotive usage-based insurance market to grow at a CAGR of 7.93% during the period 2017-2021.
For more information about this report: http://www.reportsweb.com/global-automotive-usage-based-insurance-market-2017-2021 .
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive usage-based insurance market for 2017-2021. To calculate the market size, the report presents the vendor landscape and a corresponding detailed analysis of the top four vendors in the market.

The market is divided into the following segments based on geography:
-APAC
-Europe
-North America

Publisher's report, Global Automotive Usage-Based Insurance Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
-Intelligent Mechatronic System
-Octo Telematics
-Hubio
-Sierra Wireless

Request Sample Copy at http://www.reportsweb.com/inquiry&RW0001539584/sample .

Other prominent vendors
-Baseline Telematics
-Masternaut
-TomTom Telematics

Market driver
-Government initiatives encouraging use of telematics.
-For a full, detailed list, view our report

Market challenge
-Maintenance of data accuracy for optimum UBI scores.
-For a full, detailed list, view our report

Market trend
-Shared data plans to reduce number of data subscriptions per user.
-For a full, detailed list, view our report

Inquire for Report at http://www.reportsweb.com/inquiry&RW0001539584/buying .

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