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(MoneyNewsWire.Net, September 19, 2017 ) Insurance telematics helps the insurance providers to access the information related to driving behavior, thereby enabling them to charge premiums accordingly. Telematics serves multiple functions by providing information of vehicle's speed, location, distance traveled, brake quality and general vehicle condition. Insurance telematics not only offers solutions to insurance providers, but it also helps drivers and government in terms of safety and driving behavior. This market is driven by a number of factors, such as greater market penetration of smartphones, increased safety and also an overall reduction in the connectivity costs. However, privacy concerns and lack of awareness about the product in developing countries may act as a roadblock to the growth of the market.
The Insurance Telematics market is segmented on the basis of Solution (OEM installed Black Box, on-board diagnostics (OBD), OEM Solution (line-fit), hybrid solutions, and smartphones), end-user (personal line, commercial life, fleet level), and type (pay-as-you-drive, pay-how-you-drive, and pay-as-you-go). The insurance telematics market has been geographically segmented into North America, Europe, Asia Pacific and rest of the world, with North America occupying the largest consumer base in the world, followed by Europe. There are immense potential and a lot of opportunities in Asia Pacific region because of the rapid growth of the automobile industry.
This report describes a detailed study of the Porter's five forces analysis of the market. All the five major factors in these markets have been quantified using the internal key parameters governing each of them. It also covers the market landscape of these players which includes the key growth strategies, geographical footprint, and competition analysis. The report also considers key trends that will impact the industry and leading suppliers of insurance telematics market.
Some of the key players mentioned in the report are
Agero Inc.
Aplicom
Masternaut ltd
Mix Telematics
Octo Telematics
Sierra Wireless
Telogis
Tom Tom Telematics
Trimble navigation
Verizon Enterprise Solutions
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What the report offers
Market definition for insurance telematics along with identification of key drivers and restraints for the market.
Market analysis for the insurance telematics market, with region specific assessments and competition analysis on a global and regional scale.
Identification of factors instrumental in changing the market scenario, rising prospective opportunities and identification of key companies which can influence the market on a global and regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market share.
Identification and analysis of the macro and micro factors that affect the insurance telematics market on both global and regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
Table of Contents:
Introduction
Research Methodology
Key Findings
Executive Summary
Insurance Telematics - Market Overview and Technology Trends
Insurance Telematics Market - By Solution
Insurance Telematics Market - By End User Application
Insurance Telematics Market - By Type
Insurance Telematics Market - By Region
Competitive Landscape - Key Company Profiles
Investment Analysis
Future Outlook of Insurance Telematics
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