info@marketresearchfuture.com   📞  +1 (855) 661-4441(US)   📞  +44 1720 412 167(UK)

Internet of Things (Iot) Insurance Market is Estimated to Grow By 55.72% of CAGR

MRFR Press Release/- Market Research Future published a half-cooked research report on Internet of Things (IoT) Insurance Market. 


Market Highlights


In this rapidly changing and technologically developing environment, internet of things is ever increasing. The market trend towards the Internet of things (IoT) and smart cities is driving the Internet of Things (IoT) Insurance market. The study indicates that due to rapid increase in internet of things it is becoming increasingly fragmented which as a result increases the need for internet of things testing. 


The study indicates that Internet of Things (IoT) Insurance enables IoT-enabled devices to provide intelligent data for insurers to help them track health, detect abnormalities, and reduce risks for policyholders. The study indicates that internet of things insurance would also decrease risk and reduce claim numbers. Thus, all these benefits from internet of things insurance boosts the internet of things insurance market. The challenges for internet of things insurance market include privacy concerns, data loss concerns and network failure risks, and others. 


The Internet of Things (IoT) Insurance Market is growing rapidly at over 55.72% of CAGR and is expected to reach at USD 2,452.45 Billion by the end of the forecast period (2023 - 2030).


Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “The Internet of Things (IoT) Insurance Market Research Report -Forecast to 2023”. 


Internet of Things (IoT) Insurance Market Segmentation 


The Internet of Things (IoT) Insurance market has been segmented on the basis of type of insurance and end-user. Looking through the insurance type segment it’s been observed that property and causality insurance is expected to dominate the Internet of Things (IoT) Insurance market by the forecast period. Depending on the end-user segment the Internet of Things (IoT) Insurance market consists of Automotive & Transport, Travel, Healthcare, Home and Commercial Buildings, Agriculture, Consumer Electronics and others. The study indicates that automotive and transport segment would dominate the market by the end of forecast period. 


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. 


Market Research Analysis:


Regional analysis for Internet of Things (IoT) Insurance market is studied in different geographic regions as Americas, Europe, Asia-Pacific and Rest of world. It has been observed that North America region would account for larger share in Internet of Things (IoT) Insurance market. It has been observed that North America region has high adoption of internet of things and higher technology developments which has resulted in the growth of Internet of Things (IoT) Insurance market. The study reveals that Asia-Pacific region is expected to have a significant growth in Internet of Things (IoT) Insurance market by the forecast period. The growing internet of things penetration and increasing number of wearables, drones and other in Asia-Pacific region is expected to give a boost to Internet of Things (IoT) Insurance market in this region. As per a recent news, South Korea a technologically advanced country in Asia-Pacific region reported that the internet of things (IoT) insurance has gained government backing. Thus, the government initiatives supporting internet of things (IoT) insurance boost the market in the Asia-Pacific region. 

Leading companies partner with us for data-driven Insights
client_1 client_2 client_3 client_4 client_5 client_6 client_7 client_8 client_9 client_10
Kindly complete the form below to receive a free sample of this Report
Please fill in Business Email for Quick Response

We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

Report details
Companies Covered 15
Pages 100
Certified Global Research Member
Isomar fd.webp Wcrc 57.webp
Why Choose Market Research Future?
  • Vigorous research methodologies for specific market.
  • Knowledge partners across the globe
  • Large network of partner consultants.
  • Ever-increasing/ Escalating data base with quarterly monitoring of various markets
  • Trusted by fortune 500 companies/startups/ universities/organizations
  • Large database of 5000+ markets reports.
  • Effective and prompt pre- and post-sales support.
Tailored for You
  • Dedicated Research on any specifics segment or region.
  • Focused Research on specific players in the market.
  • Custom Report based only on your requirements.
  • Flexibility to add or subtract any chapter in the study.
  • Historic data from 2014 and forecasts outlook till 2040.
  • Flexibility of providing data/insights in formats (PDF, PPT, Excel).
  • Provide cross segmentation in applicable scenario/markets.