Usage-based insurance market growth globally at a CAGR of 19.05% in the forecast period of 2021 to 2028.
Global Usage-Based Insurance Market Scope and Market Size
Usage-based insurance market is segmented on the basis of vehicle type, package type, device offering, technology, and vehicle age and electric and hybrid vehicles.
- On the basis of vehicle type, the usage-based insurance market is segmented into light-duty vehicle (LDV), heavy-duty vehicle (HDV)),
- Based on package type, the usage-based insurance market is segmented into package type (Pay-As-You-Drive (PAYD), pay-how-you-drive (PHYD) and manage-how-you-drive (MHYD).
- Based on device offering, the usage-based insurance market is segmented into company provided and bring your own device (BYOD).
- Based on technology, the usage-based insurance market is segmented into OBD-II, smartphone, embedded system, black box and others.
- Based on vehicle age, the usage-based insurance market is segmented into new vehicles and on-road vehicles.
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Market Analysis and Insights: Global Usage-Based Insurance Market
· Usage based insurance is a type of auto-insurance that totally depends on vehicle used, measured against time, distance, behaviour, place and others. These all usages can be measure using telematics technology and the technology is available in from of mobile application, pre-installed in the car’s network or it can be installed in USB port of the vehicle. Usage based insurance and telematics technology has extensive range of benefits such as tracking of speeding, reverse gear indication, seat belt use, harsh braking, acceleration control, driver coaching by voice and others.
· This usage-based insurance market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on usage-based insurance market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Usage-Based Insurance Market Scope Country Level Analysis
The countries covered in the usage-based insurance market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Usage-Based Insurance Market Share Analysis
Usage-based insurance market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to usage-based insurance market.
Usage-Based Insurance Market Key Players
- Mechatronic Systems Inc.
- TrueMotion
- Cambridge Mobile Telematics
- Insure The Box Limited
- Progressive Casualty Insurance Company
- Modus Group, LLC
- Inseego Corp
- Metromile Inc.
- The Floow Limited
- Vodafone
- Allstate Insurance Company
- Octo Group
- TomTom International
- Allianz
- AXA Equitable Life Insurance Company
- Liberty Mutual Insurance
- Verizon, Sierra Wireless
- Mapfre
- Movitrack Viasat, Inc.
- ASSICURAZIONI GENERALI S.P.A.
- UNIPOLSAI ASSICURAZIONI S.P.A.
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MAJOR TOC OF THE REPORT
- Chapter One: Introduction
- Chapter Two: Market Segmentation
- Chapter Three: Market Overview
- Chapter Four: Executive Summary
- Chapter Five: Premium Insights
- Chapter Six: Global Usage-based insurance market Market by Product & Procedure type
Get TOC Details: https://www.databridgemarketresearch.com/toc/?dbmr=global-usage-based-insurance-market
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