2019년 글로벌 보험 텔레매틱스 시장은 약 19억 달러로 평가되며, 2020~2026년 전망 기간 동안 18.5% 이상의 건강한 성장률을 보이며 성장할 것으로 기대된다. COVID-19 대유행은 보험업계에 문제가 있는데, 정부가 집에 머물도록 하는 프로토콜을 발표했기 때문이다. COVID-19는 또한 일시적인 셧다운과 전세계적으로 집에서 일하도록 강요하기 때문에 보험사의 고객 서비스와 재정 고문들을 방해한다. 보험사들은 텔레매틱스로 알려진 운전자 모니터링 기술을 적용하여 안전 운전자를 인식하고 요약된 자동차 보험 정책으로 보상했다. 텔레매틱스는 자동충돌 통보 등 안전보안 서비스, 의료지원 등 다양한 혜택을 누릴 수 있다. 이 보험은 데이터를 수집하고 속도 패턴, 제동 패턴, 주행 거리 등을 기록하는 고객 차에 소형 기기를 탑재해 주행 능력을 분석하는 방식으로 작동한다. 이 데이터는 보험자가 보험의 지급가격에 영향을 미치는 각 측면의 보험비용을 추정하는 데 도움이 된다. 프로그램에 참여하는 운전자는 온라인에서 데이터에 액세스할 수 있어 운전 행태를 긍정적으로 바꾸고 보험료를 절감할 수 있는 기회를 제공한다. 차내 연결에 대한 소비자의 열성, 스마트폰 보급의 성장, 연결 솔루션 비용 절감, 규제 준수 및 규제 증가, 리스크 평가 및 관리에 대한 견인력 증가 등은 예측 기간 동안 시장의 성장을 책임지는 몇 가지 요인이다. 예를 들어, 제니스 모바일광고전망 2017년 기준 2018년 약 66%가 스마트폰을 사용했는데, 이는 전 세계적으로 2017년 63%, 2016년 58%에 비해 증가한 수치다. 그러나 개인의 데이터와 관련된 프라이버시 우려는 예측 기간 동안 글로벌 보험 텔레매틱스 시장의 성장을 억제하는 주요 요인이다.
Introduction
Global Insurance Telematics Market is valued approximately at USD 1.9 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 18.5% over the forecast period 2020-2026. The COVID-19 pandemic is problematic to insurance industry, as government released the protocols to stay at home. COVID-19 also disrupts an insurer’s client service and financial advisors because of the temporary shutdown and force to do work from home across the globe. The insurers have adapted driver monitoring technology, known as telematics, to recognize safe drivers and reward them with the abridged car insurance policies. The telematics has various benefits including safety & security services such as automatic crash notification, and medical assistance. The insurance works with the installment of the small devices in the client’s cars that collect data and records speed patterns, braking patterns, and distance traveled, to analyze the driving skills. This data helps insurers to estimate the cost of the insurance with each aspect having an effect on the paying price for the insurance. Drivers participating in the program can access the data online, giving them the opportunity to positively change their driving behavior and reduce premiums. The consumer’s enthusiasm for in-car connectivity, growth of smartphone penetration, decreasing cost of connectivity solutions, increase in regulatory compliance and regulations and increased traction for risk assessment and management are the few factors responsible for growth of the market over the forecast period. For instance: Around 66% of individuals used smartphones in 2018, an increase from 63% in 2017 and 58% in 2016, globally, as per Zenith’s Mobile Advertising Forecasts 2017. However, privacy concerns associated with data of individuals is the major factor restraining the growth of global Insurance Telematics market during the forecast period.
The regional analysis of global Insurance Telematics market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the rapidly deploying the insurance telematics solutions due to the dynamic market environment. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2026.
Major market player included in this report are:
Verizon Enterprise Solutions
TOMTOM Telematics (TOMTOM)
Trimble Inc.
Mix Telematics
Sierra Wireless
Telogis
Masternaut Limited
Agero Inc.
Aplicom OY
Octo Telematics
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Pay-as-you-drive
Pay-how-you-drive
By Deployment Mode:
Cloud
On-Premise
By Offering:
Hardware
Software
By End-User Industry:
Passenger Vehicle
Commercial Vehicle
By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017, 2018
Base year – 2019
Forecast period – 2020 to 2026
Target Audience of the Global Insurance Telematics Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
Table of Contents
Chapter 1.Executive Summary
1.1.Market Snapshot
1.2.Global & Segmental Market Estimates & Forecasts, 2018-2026 (USD BILLION)
1.2.1.Insurance Telematics Market, by Region, 2018-2026 (USD BILLION)
1.2.2.Insurance Telematics Market, by Type, 2018-2026 (USD BILLION)
1.2.3.Insurance Telematics Market, by Deployment Mode, 2018-2026 (USD BILLION)
1.2.4.Insurance Telematics Market, by Offering, 2018-2026 (USD BILLION)
1.2.5.Insurance Telematics Market, by End-User Industry, 2018-2026 (USD BILLION)
1.3.Key Trends
1.4.Estimation Methodology
1.5.Research Assumption
Chapter 2.Global Insurance Telematics Market Definition and Scope
2.1.Objective of the Study
2.2.Market Definition & Scope
2.2.1.Scope of the Study
2.2.2.Industry Evolution
2.3.Years Considered for the Study
2.4.Currency Conversion Rates
Chapter 3.Global Insurance Telematics Market Dynamics
3.1.Insurance Telematics Market Impact Analysis (2018-2026)
3.1.1.Market Drivers
3.1.2.Market Challenges
3.1.3.Market Opportunities
Chapter 4.Global Insurance Telematics Market: Industry Analysis
4.1.Porter’s 5 Force Model
4.1.1.Bargaining Power of Suppliers
4.1.2.Bargaining Power of Buyers
4.1.3.Threat of New Entrants
4.1.4.Threat of Substitutes
4.1.5.Competitive Rivalry
4.1.6.Futuristic Approach to Porter’s 5 Force Model (2016-2026)
4.2.PEST Analysis
4.2.1.Political
4.2.2.Economical
4.2.3.Social
4.2.4.Technological
4.3.Investment Adoption Model
4.4.Analyst Recommendation & Conclusion
Chapter 5.Global Insurance Telematics Market, by Type
5.1.Market Snapshot
5.2.Global Insurance Telematics Market by Type, Performance - Potential Analysis
5.3.Global Insurance Telematics Market Estimates & Forecasts by Type 2016-2026 (USD BILLION)
5.4.Insurance Telematics Market, Sub Segment Analysis
5.4.1.Pay-as-you-drive
5.4.2.Pay-how-you-drive
Chapter 6.Global Insurance Telematics Market, by Deployment Mode
6.1.Market Snapshot
6.2.Global Insurance Telematics Market by Deployment Mode, Performance - Potential Analysis
6.3.Global Insurance Telematics Market Estimates & Forecasts by Deployment Mode 2016-2026 (USD BILLION)
6.4.Insurance Telematics Market, Sub Segment Analysis
6.4.1.Cloud
6.4.2.On-Premise
Chapter 7.Global Insurance Telematics Market, by Offering
7.1.Market Snapshot
7.2.Global Insurance Telematics Market by Offering, Performance - Potential Analysis
7.3.Global Insurance Telematics Market Estimates & Forecasts by Offering 2016-2026 (USD BILLION)
7.4.Insurance Telematics Market, Sub Segment Analysis
7.4.1.Hardware
7.4.2.Software
Chapter 8.Global Insurance Telematics Market, by End-User
8.1.Market Snapshot
8.2.Global Insurance Telematics Market by End-User Industry, Performance - Potential Analysis
8.3.Global Insurance Telematics Market Estimates & Forecasts by End-User Industry 2016-2026 (USD BILLION)
8.4.Insurance Telematics Market, Sub Segment Analysis
8.4.1.Passenger Vehicle
8.4.2.Commercial Vehicle
Chapter 9.Global Insurance Telematics Market, Regional Analysis
9.1.Insurance Telematics Market, Regional Market Snapshot
9.2.North America Insurance Telematics Market
9.2.1.U.S. Insurance Telematics Market
9.2.1.1. Type breakdown estimates & forecasts, 2016-2026
9.2.1.2. Deployment Mode breakdown estimates & forecasts, 2016-2026
9.2.1.3. Offering breakdown estimates & forecasts, 2016-2026
9.2.1.4. End-User Industry breakdown estimates & forecasts, 2016-2026
9.2.2.Canada Insurance Telematics Market
9.3.Europe Insurance Telematics Market Snapshot
9.3.1.U.K. Insurance Telematics Market
9.3.2.Germany Insurance Telematics Market
9.3.3.Rest of Europe Insurance Telematics Market
9.4.Asia-Pacific Insurance Telematics Market Snapshot
9.4.1.China Insurance Telematics Market
9.4.2.India Insurance Telematics Market
9.4.3.Japan Insurance Telematics Market
9.4.4.Rest of Asia Pacific Insurance Telematics Market
9.5.Latin America Insurance Telematics Market Snapshot
9.5.1.Brazil Insurance Telematics Market
9.5.2.Mexico Insurance Telematics Market
9.6.Rest of The World Insurance Telematics Market
Chapter 10.Competitive Intelligence
10.1.Top Market Strategies
10.2.Company Profiles
10.2.1. Verizon Enterprise Solutions
10.2.1.1.Key Information
10.2.1.2.Overview
10.2.1.3.Financial (Subject to Data Availability)
10.2.1.4.Product Summary
10.2.1.5.Recent Developments
10.2.2. TOMTOM Telematics (TOMTOM)
10.2.3.Trimble Inc.
10.2.4.Mix Telematics
10.2.5.Sierra Wireless
10.2.6.Telogis
10.2.7.Masternaut Limited
10.2.8.Agero Inc.
10.2.9.Aplicom OY
10.2.10.Octo Telematics
Chapter 11.Research Process
11.1.Research Process
11.1.1.Data Mining
11.1.2.Analysis
11.1.3.Market Estimation
11.1.4.Validation
11.1.5.Publishing
11.2.Research Attributes
11.3.Research Assumption"
List of Tables
TABLE 1.List of secondary sources, used in the study of global Insurance Telematics market
TABLE 2.List of primary sources, used in the study of global Insurance Telematics market
TABLE 3.Global Insurance Telematics market, report scope
TABLE 4.Years considered for the study
TABLE 5.Exchange rates considered
TABLE 6.Global Insurance Telematics market estimates & forecasts by region 2016-2026 (USD BILLION)
TABLE 7.Global Insurance Telematics market estimates & forecasts by Type 2016-2026 (USD BILLION)
TABLE 8.Global Insurance Telematics market estimates & forecasts by deployment mode 2016-2026 (USD BILLION)
TABLE 9.Global Insurance Telematics market estimates & forecasts by Offering 2016-2026 (USD BILLION)
TABLE 10.Global Insurance Telematics market estimates & forecasts by End-User Industry 2016-2026 (USD BILLION)
TABLE 11.Global Insurance Telematics market by segment, estimates & forecasts, 2016-2026 (USD BILLION)
TABLE 12.Global Insurance Telematics market by region, estimates & forecasts, 2016-2026 (USD BILLION)
TABLE 13.Global Insurance Telematics market by segment, estimates & forecasts, 2016-2026 (USD BILLION)
TABLE 14.Global Insurance Telematics market by region, estimates & forecasts, 2016-2026 (USD BILLION)
TABLE 15.Global Insurance Telematics market by segment, estimates & forecasts, 2016-2026 (USD BILLION)
TABLE 16.Global Insurance Telematics market by region, estimates & forecasts, 2016-2026 (USD BILLION)
TABLE 17.Global Insurance Telematics market by segment, estimates & forecasts, 2016-2026 (USD BILLION)
TABLE 18.Global Insurance Telematics market by region, estimates & forecasts, 2016-2026 (USD BILLION)
TABLE 19.Global Insurance Telematics market by segment, estimates & forecasts, 2016-2026 (USD BILLION)
TABLE 20.Global Insurance Telematics market by region, estimates & forecasts, 2016-2026 (USD BILLION)
TABLE 21.Global Insurance Telematics market by segment, estimates & forecasts, 2016-2026 (USD BILLION)
TABLE 22.Global Insurance Telematics market by region, estimates & forecasts, 2016-2026 (USD BILLION)
TABLE 23.Global Insurance Telematics market by segment, estimates & forecasts, 2016-2026 (USD BILLION)
TABLE 24.Global Insurance Telematics market by region, estimates & forecasts, 2016-2026 (USD BILLION)
TABLE 25.Global Insurance Telematics market by segment, estimates & forecasts, 2016-2026 (USD BILLION)
TABLE 26.Global Insurance Telematics market by region, estimates & forecasts, 2016-2026 (USD BILLION)
TABLE 27.U.s. Insurance Telematics market estimates & forecasts, 2016-2026 (USD BILLION)
TABLE 28.U.s. Insurance Telematics market estimates & forecasts by segment 2016-2026 (USD BILLION)
TABLE 29.U.s. Insurance Telematics market estimates & forecasts by segment 2016-2026 (USD BILLION)
TABLE 30.U.s. Insurance Telematics market estimates & forecasts by segment 2016-2026 (USD BILLION)
TABLE 31.U.s. Insurance Telematics market estimates & forecasts by segment 2016-2026 (USD BILLION)
TABLE 32.Canada Insurance Telematics market estimates & forecasts, 2016-2026 (USD BILLION)
TABLE 33.Canada Insurance Telematics market estimates & forecasts by segment 2016-2026 (USD BILLION)
TABLE 34.Canada Insurance Telematics market estimates & forecasts by segment 2016-2026 (USD BILLION)
TABLE 35.Canada Insurance Telematics market estimates & forecasts by segment 2016-2026 (USD BILLION)
TABLE 36.Canada Insurance Telematics market estimates & forecasts by segment 2016-2026 (USD BILLION)
TABLE 37.Uk Insurance Telematics market estimates & forecasts, 2016-2026 (USD BILLION)
TABLE 38.Uk Insurance Telematics market estimates & forecasts by segment 2016-2026 (USD BILLION)
TABLE 39.Uk Insurance Telematics market estimates & forecasts by segment 2016-2026 (USD BILLION)
TABLE 40.Uk Insurance Telematics market estimates & forecasts by segment 2016-2026 (USD BILLION)
TABLE 41.Uk Insurance Telematics market estimates & forecasts by segment 2016-2026 (USD BILLION)
TABLE 42.Germany Insurance Telematics market estimates & forecasts, 2016-2026 (USD BILLION)
TABLE 43.Germany Insurance Telematics market estimates & forecasts by segment 2016-2026 (USD BILLION)
TABLE 44.Germany Insurance Telematics market estimates & forecasts by segment 2016-2026 (USD BILLION)
TABLE 45.Germany Insurance Telematics market estimates & forecasts by segment 2016-2026 (USD BILLION)
TABLE 46.Germany Insurance Telematics market estimates & forecasts by segment 2016-2026 (USD BILLION)
TABLE 47.Roe Insurance Telematics market estimates & forecasts, 2016-2026 (USD BILLION)
TABLE 48.Roe Insurance Telematics market estimates & forecasts by segment 2016-2026 (USD BILLION)
TABLE 49.Roe Insurance Telematics market estimates & forecasts by segment 2016-2026 (USD BILLION)
TABLE 50.Roe Insurance Telematics market estimates & forecasts by segment 2016-2026 (USD BILLION)
TABLE 51.Roe Insurance Telematics market estimates & forecasts by segment 2016-2026 (USD BILLION)
TABLE 52.China Insurance Telematics market estimates & forecasts, 2016-2026 (USD BILLION)
TABLE 53.China Insurance Telematics market estimates & forecasts by segment 2016-2026 (USD BILLION)
TABLE 54.China Insurance Telematics market estimates & forecasts by segment 2016-2026 (USD BILLION)
TABLE 55.China Insurance Telematics market estimates & forecasts by segment 2016-2026 (USD BILLION)
TABLE 56.China Insurance Telematics market estimates & forecasts by segment 2016-2026 (USD BILLION)
TABLE 57.India Insurance Telematics market estimates & forecasts, 2016-2026 (USD BILLION)
TABLE 58.India Insurance Telematics market estimates & forecasts by segment 2016-2026 (USD BILLION)
TABLE 59.India Insurance Telematics market estimates & forecasts by segment 2016-2026 (USD BILLION)
TABLE 60.India Insurance Telematics market estimates & forecasts by segment 2016-2026 (USD BILLION)
TABLE 61.India Insurance Telematics market estimates & forecasts by segment 2016-2026 (USD BILLION)
TABLE 62.Japan Insurance Telematics market estimates & forecasts, 2016-2026 (USD BILLION)
TABLE 63.Japan Insurance Telematics market estimates & forecasts by segment 2016-2026 (USD BILLION)
TABLE 64.Japan Insurance Telematics market estimates & forecasts by segment 2016-2026 (USD BILLION)
TABLE 65.Japan Insurance Telematics market estimates & forecasts by segment 2016-2026 (USD BILLION)
TABLE 66.Japan Insurance Telematics market estimates & forecasts by segment 2016-2026 (USD BILLION)
TABLE 67.ROPAC Insurance Telematics market estimates & forecasts, 2016-2026 (USD BILLION)
TABLE 68.ROPAC Insurance Telematics market estimates & forecasts by segment 2016-2026 (USD BILLION)
TABLE 69.ROPAC Insurance Telematics market estimates & forecasts by segment 2016-2026 (USD BILLION)
TABLE 70.ROPAC Insurance Telematics market estimates & forecasts by segment 2016-2026 (USD BILLION)
TABLE 71.ROPAC Insurance Telematics market estimates & forecasts by segment 2016-2026 (USD BILLION)
TABLE 72.Brazil Insurance Telematics market estimates & forecasts, 2016-2026 (USD BILLION)
TABLE 73.Brazil Insurance Telematics market estimates & forecasts by segment 2016-2026 (USD BILLION)
TABLE 74.Brazil Insurance Telematics market estimates & forecasts by segment 2016-2026 (USD BILLION)
TABLE 75.Brazil Insurance Telematics market estimates & forecasts by segment 2016-2026 (USD BILLION)
TABLE 76.Brazil Insurance Telematics market estimates & forecasts by segment 2016-2026 (USD BILLION)
TABLE 77.Mexico Insurance Telematics market estimates & forecasts, 2016-2026 (USD BILLION)
TABLE 78.Mexico Insurance Telematics market estimates & forecasts by segment 2016-2026 (USD BILLION)
TABLE 79.Mexico Insurance Telematics market estimates & forecasts by segment 2016-2026 (USD BILLION)
TABLE 80.Mexico Insurance Telematics market estimates & forecasts by segment 2016-2026 (USD BILLION)
TABLE 81.Mexico Insurance Telematics market estimates & forecasts by segment 2016-2026 (USD BILLION)
TABLE 82.ROLA Insurance Telematics market estimates & forecasts, 2016-2026 (USD BILLION)
TABLE 83.ROLA Insurance Telematics market estimates & forecasts by segment 2016-2026 (USD BILLION)
TABLE 84.ROLA Insurance Telematics market estimates & forecasts by segment 2016-2026 (USD BILLION)
TABLE 85.ROLA Insurance Telematics market estimates & forecasts by segment 2016-2026 (USD BILLION)
TABLE 86.ROLA Insurance Telematics market estimates & forecasts by segment 2016-2026 (USD BILLION)
TABLE 87.ROW Insurance Telematics market estimates & forecasts, 2016-2026 (USD BILLION)
TABLE 88.ROW Insurance Telematics market estimates & forecasts by segment 2016-2026 (USD BILLION)
TABLE 89.ROW Insurance Telematics market estimates & forecasts by segment 2016-2026 (USD BILLION)
TABLE 90.ROW Insurance Telematics market estimates & forecasts by segment 2016-2026 (USD BILLION)
TABLE 91.ROW Insurance Telematics market estimates & forecasts by segment 2016-2026 (USD BILLION)
List of Figures
FIG 1.Global Insurance Telematics market, research methodology
FIG 2.Global Insurance Telematics market, market estimation techniques
FIG 3.Global market size estimates & forecast methods
FIG 4.Global Insurance Telematics market, key trends 2019
FIG 5.Global Insurance Telematics market, growth prospects 2020-2026
FIG 6.Global Insurance Telematics market, porters 5 force model
FIG 7.Global Insurance Telematics market, pest analysis
FIG 8.Global Insurance Telematics market, value chain analysis
FIG 9.Global Insurance Telematics market by segment, 2016 & 2026 (USD BILLION)
FIG 10.Global Insurance Telematics market by segment, 2016 & 2026 (USD BILLION)
FIG 11.Global Insurance Telematics market by segment, 2016 & 2026 (USD BILLION)
FIG 12.Global Insurance Telematics market by segment, 2016 & 2026 (USD BILLION)
FIG 13.Global Insurance Telematics market by segment, 2016 & 2026 (USD BILLION)
FIG 14.Global Insurance Telematics market by segment, 2016 & 2026 (USD BILLION)
FIG 15.Global Insurance Telematics market by segment, 2016 & 2026 (USD BILLION)
FIG 16.Global Insurance Telematics market by segment, 2016 & 2026 (USD BILLION)
FIG 17.Global Insurance Telematics market, regional snapshot 2016 & 2026
FIG 18.North America Insurance Telematics market 2016 & 2026 (USD BILLION)
FIG 19.Europe Insurance Telematics market 2016 & 2026 (USD BILLION)
FIG 20.Asia pacific Insurance Telematics market 2016 & 2026 (USD BILLION)
FIG 21.Latin america Insurance Telematics market 2016 & 2026 (USD BILLION)
FIG 22.Global Insurance Telematics market, company market share analysis (2019)"
