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IOT Insurance Market: Global Market Synopsis, Growth Factors, Industry Segmentation, Regional Analysis And Competitive Analysis 2017 - 2025

ID: 240350 21st May, 2018 Region : Global Pages
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internet of Things (IOT) Insurance Market, By Type (Health insurance, Property and causality Insurance, Agricultural insurance, Life Insurance), By End-User (Automotive & Transport, Travel, Health care, Home and Commercial Buildings, Agriculture, Consumer Electronics) 


Physical devices like cars, refrigerators, vehicles that are fixed with senors, software, & connectivity which enables these objects to connect & exchange data. Enables the people to monitor & access their devices at home while sitting in the office. IOT in insurance market will provide huge amounts of data which will helping keeping a check on the risk & adapting pricing. Insurers will be able to gather better data for claim settlements & develop new, personalized risk protection service. Insurers with good analytic capabilities will gain competitive advantage. IOT insurance would help the insurance companies to work with automobile to decrease risk & reduce claim numbers. IOT on vehicles, home appliances the insurer will be able to monitor how the policyholder drives the car or uses the device that enables the insurer to price more accurately examples of various IOT insurance market such as : progressive snapshot includes machine learning device to judge how the drive is performing on each journey, Liberty Mutual has partnered with Google’s Nest that are connected with smoke alarms in the house enabling customers to reduce the risk of fire & insurance premiums. 


Market Scenario

IOT insurance is able to derive data from all type of devices & external sources as well that offers an opportunity for the insurer to connect with policyholder & get the view of policy thereby helping in minimization of risk in real time & reduced number of claim payouts is driving the future growth of IOT insurance market. However, the privacy of user identity & over dependence on technology are restraining the use of IOT. IOT systems give large amount of real-time data that further requires strong infrastructure thereby high cost involvement. risk of data loss & malfunctioning are the restraint to global IOT insurance market. Although increasing practice of cloud computing & improved insurance service will create new opportunities in the IOT insurance market.


Segmentation

The IOT insurance market is segmented on the basis of insurance type & insurance application. The insurance type is further sub-segmented as : property & casualty insurance, health insurance, life insurance & others. The insurance application is further sub-segmented as : Automotive & Transportation, Home & Commercial Building, Life & Health, Business & Enterprise, Consumer Electronics & Industrial Machines,Travel, Agriculture.


Regional analysis

The regional analysis of Internet of Things (IOT) Insurance is being studied for region such as Asia pacific, North America, Europe and Rest of the World. Few countries are dominating the Internet of Things (IOT) Insurance market owing to many factors as, presence of developed economies such as United States, Canada, high investing power, early adoption of internet of things (IOT). Apart from it, development of new technologies such as IOT, Big data and others by many organization will have positive impact on market of Internet of Things (IOT) Insurance in this region.

Key players

The prominent players in the Internet of Things (IoT) Insurance market are IBM Corporation (U.S.), Accenture (Ireland), Cognizant (U.S.), Oracle Corporation (U.S), Zonoff Inc. (U.S.), Capgemini (France), SAP SE (Germany), LexisNexis (U.S.), Lemonade Inc. (U.S.), Hippo Insurance (U.S.) among others.

The study for global automotive software market will provide market size, estimates and forecast based on the following years: 


Historic data: 2015  Base Year Estimate: 2016  Forecast: 2017 to 2025

The report has been categorized in two distinctive sections, where the first category titled as Market Overview provides a holistic view of the market, key trends, drivers, challenges/restraints or opportunities with their current and expected impact on the overall industry sales. 

Our analyst implement, several qualitative tools such as Ansoff’s Matrix, PESTEL analysis, Porter’s five force analysis among other to interpret and represent key industry findings. 

The second section of the study provides market size, estimates and forecast for key market segments and regional market. The final part of the report highlights key manufacturers/vendors operating in the associated market.


1.Introduction

1.1.Market Definition

1.2.Market Scope


2.Research Methodology

2.1.Primary Research

2.2.Secondary Sources

2.3.Assumptions & Exclusions


3.Market Overview

3.1.Research Report Segmentation & Scope

3.2.biometric system- Value Chain Analysis 

3.3.Key Market Trend Analysis

3.3.1.Market Drivers

3.3.2.Market Restraint/Challenges

3.3.3.Market Opportunities      

3.4.Potential venture avenues

3.5.Market Share Analysis, 2016

3.6.Market Overview – smart polymers, Product Landscape


4.Segmentation Overview

4.1.Introduction 

4.2.

4.2.1. type                                                                     

4.2.1.1. Health insurance

4.2.1.2.Property and causality Insurance

4.2.1.3.Agricultural insurance

4.2.1.4.Life Insurance

4.2.2. By end-user

4.2.2.1.Automotive & Transport

4.2.2.2.Travel

4.2.2.3.Health care

4.2.2.4.Home and Commercial Buildings

4.2.2.5.Agriculture

4.2.2.6.Consumer Electronics

(Note: The segments mentioned above are tentative in nature and are subject to change as the research progresses)


5.Regional Overview

5.1.Introduction

5.2.Market Size & Forecast, 2015 to 2025

5.2.1.North America 

5.2.1.1.U.S.

5.2.1.2.Canada

5.2.1.3.Mexico 

5.2.2.Europe

5.2.2.1.UK

5.2.2.2.Germany

5.2.2.3.France 

5.2.2.4.Italy

5.2.2.5.Spain

5.2.2.6.Rest of Europe

5.2.3.Asia Pacific

5.2.3.1.China 

5.2.3.2.India

5.2.3.3.Japan

5.2.3.4.Australia

5.2.3.5.South Korea

5.2.3.6.Rest of Asia Pacific 

5.2.4.LAMEA

5.2.4.1.Brazil 

5.2.4.2.UAE

5.2.4.3.South Africa

5.2.4.4.Rest of LAMEA 

(Note: The segments mentioned above are tentative in nature and are subject to change as the research progresses)


6.Manufacturer/ Vendor Profile

6.1.The following attributes will be considered while profiling key manufacturers in this industry: 

6.1.1.Company Overview

6.1.2.Financial Synopsis

6.1.3.Recent Developments

6.1.4.R&D Invest 

6.1.5.Strategy overview (analyst perspective)

6.1.6.Product Portfolio

6.2.Companies Profiled

6.2.1. IBM Corporation (U.S.)

6.2.2.Accenture (Ireland)

6.2.3.Cognizant (U.S.)

6.2.4.Oracle Corporation (U.S)

6.2.5.Zonoff Inc. (U.S.)

6.2.6.Capgemini (France)

6.2.7.SAP SE (Germany)

6.2.8.LexisNexis (U.S.)

6.2.9.Lemonade Inc. (U.S.)

6.2.10.Hippo Insurance (U.S.) 

(Note: The companies mentioned above are tentative in nature, and profiles of other market players not listed here can be included on request.)

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