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Internet of Things Insurance-Global Market Insights and Sales Trends 2025
Synopsis
The use of interconnected devices with real time data collaboration within the insurance industry is known as Internet of Things (IoT) insurance. The IoT enabled devices help insurer provide data, which can be used to manage claims, reduce risk, and identify various frauds. Easy settlement of claims, creation of analytical value from obtained data, and development of flexible insurance products for various sectors of the market are some of the advantages of IoT in insurance technology. The privacy of the user identity and over dependency on technology limit the adoption of IoT in insurance.
The global Internet of Things Insurance market size is expected to reach US$ 198550 million by 2029, growing at a CAGR of 30.4% from 2023 to 2029. The market is mainly driven by the significant applications of Internet of Things Insurance in various end use industries. The expanding demands from the Automotive & Transportation, Home & Commercial Building, Life & Health and Business & Enterprise, are propelling Internet of Things Insurance market. Property & Casualty Insurance, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Health Insurance segment is estimated at % CAGR for the next seven-year period.
The number of global connected IoT devices was about 14 billion, grew by 18% compared to 2021. The data released by the Office of the Central Cyberspace Affairs Commission shows that, by the end of 2022, China has built and opened a total of 2.3 million 5G base stations. 110 cities across the country have reached the gigabit city construction standards. Gigabit optical network has the ability to cover more than 500 million households. IPv6 scale deployment application is deeply promoted. The number of active users exceeds 700 million, mobile network IPv6 traffic accounted for nearly 50%. The total size of China's data center racks exceeds 6.5 million standard racks, with an average annual growth rate of more than 30% in the past five years.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Internet of Things Insurance, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Internet of Things Insurance market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Internet of Things Insurance market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Internet of Things Insurance sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Internet of Things Insurance covered in this report include IBM Corporation, SAP SE, Oracle Corporation, Google, Microsoft Corporation, Cisco System, Accenture PLC, Verisk Analytics and Concirrus, etc.
The global Internet of Things Insurance market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
IBM Corporation
SAP SE
Oracle Corporation
Google
Microsoft Corporation
Cisco System
Accenture PLC
Verisk Analytics
Concirrus
Zonoff
Aeris Group Ltd
Telit
Cognizant
Capgemini
LexisNexis
Lemonade Inc
Hippo Insurance
Global Internet of Things Insurance market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Internet of Things Insurance market, Segment by Type:
Property & Casualty Insurance
Health Insurance
Life Insurance
Others
Global Internet of Things Insurance market, by Application
Automotive & Transportation
Home & Commercial Building
Life & Health
Business & Enterprise
Travel
Others
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Internet of Things Insurance companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
The use of interconnected devices with real time data collaboration within the insurance industry is known as Internet of Things (IoT) insurance. The IoT enabled devices help insurer provide data, which can be used to manage claims, reduce risk, and identify various frauds. Easy settlement of claims, creation of analytical value from obtained data, and development of flexible insurance products for various sectors of the market are some of the advantages of IoT in insurance technology. The privacy of the user identity and over dependency on technology limit the adoption of IoT in insurance.
The global Internet of Things Insurance market size is expected to reach US$ 198550 million by 2029, growing at a CAGR of 30.4% from 2023 to 2029. The market is mainly driven by the significant applications of Internet of Things Insurance in various end use industries. The expanding demands from the Automotive & Transportation, Home & Commercial Building, Life & Health and Business & Enterprise, are propelling Internet of Things Insurance market. Property & Casualty Insurance, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Health Insurance segment is estimated at % CAGR for the next seven-year period.
The number of global connected IoT devices was about 14 billion, grew by 18% compared to 2021. The data released by the Office of the Central Cyberspace Affairs Commission shows that, by the end of 2022, China has built and opened a total of 2.3 million 5G base stations. 110 cities across the country have reached the gigabit city construction standards. Gigabit optical network has the ability to cover more than 500 million households. IPv6 scale deployment application is deeply promoted. The number of active users exceeds 700 million, mobile network IPv6 traffic accounted for nearly 50%. The total size of China's data center racks exceeds 6.5 million standard racks, with an average annual growth rate of more than 30% in the past five years.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Internet of Things Insurance, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Internet of Things Insurance market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Internet of Things Insurance market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Internet of Things Insurance sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Internet of Things Insurance covered in this report include IBM Corporation, SAP SE, Oracle Corporation, Google, Microsoft Corporation, Cisco System, Accenture PLC, Verisk Analytics and Concirrus, etc.
The global Internet of Things Insurance market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
IBM Corporation
SAP SE
Oracle Corporation
Microsoft Corporation
Cisco System
Accenture PLC
Verisk Analytics
Concirrus
Zonoff
Aeris Group Ltd
Telit
Cognizant
Capgemini
LexisNexis
Lemonade Inc
Hippo Insurance
Global Internet of Things Insurance market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Internet of Things Insurance market, Segment by Type:
Property & Casualty Insurance
Health Insurance
Life Insurance
Others
Global Internet of Things Insurance market, by Application
Automotive & Transportation
Home & Commercial Building
Life & Health
Business & Enterprise
Travel
Others
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Internet of Things Insurance companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Index1 Market Overview of Internet of Things Insurance
1.1 Internet of Things Insurance Market Overview
1.1.1 Internet of Things Insurance Product Scope
1.1.2 Internet of Things Insurance Market Status and Outlook
1.2 Global Internet of Things Insurance Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Internet of Things Insurance Market Size by Region (2018-2029)
1.4 Global Internet of Things Insurance Historic Market Size by Region (2018-2023)
1.5 Global Internet of Things Insurance Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Internet of Things Insurance Market Size (2018-2029)
1.6.1 North America Internet of Things Insurance Market Size (2018-2029)
1.6.2 Europe Internet of Things Insurance Market Size (2018-2029)
1.6.3 Asia-Pacific Internet of Things Insurance Market Size (2018-2029)
1.6.4 Latin America Internet of Things Insurance Market Size (2018-2029)
1.6.5 Middle East & Africa Internet of Things Insurance Market Size (2018-2029)
2 Internet of Things Insurance Market by Type
2.1 Introduction
2.1.1 Property & Casualty Insurance
2.1.2 Health Insurance
2.1.3 Life Insurance
2.1.4 Others
2.2 Global Internet of Things Insurance Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Internet of Things Insurance Historic Market Size by Type (2018-2023)
2.2.2 Global Internet of Things Insurance Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Internet of Things Insurance Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Internet of Things Insurance Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Internet of Things Insurance Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Internet of Things Insurance Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Internet of Things Insurance Revenue Breakdown by Type (2018-2029)
3 Internet of Things Insurance Market Overview by Application
3.1 Introduction
3.1.1 Automotive & Transportation
3.1.2 Home & Commercial Building
3.1.3 Life & Health
3.1.4 Business & Enterprise
3.1.5 Travel
3.1.6 Others
3.2 Global Internet of Things Insurance Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Internet of Things Insurance Historic Market Size by Application (2018-2023)
3.2.2 Global Internet of Things Insurance Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Internet of Things Insurance Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Internet of Things Insurance Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Internet of Things Insurance Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Internet of Things Insurance Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Internet of Things Insurance Revenue Breakdown by Application (2018-2029)
4 Internet of Things Insurance Competition Analysis by Players
4.1 Global Internet of Things Insurance Market Size by Players (2018-2023)
4.2 Global Top Players by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Internet of Things Insurance as of 2022)
4.3 Date of Key Players Enter into Internet of Things Insurance Market
4.4 Global Top Players Internet of Things Insurance Headquarters and Area Served
4.5 Key Players Internet of Things Insurance Product Solution and Service
4.6 Competitive Status
4.6.1 Internet of Things Insurance Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 IBM Corporation
5.1.1 IBM Corporation Profile
5.1.2 IBM Corporation Main Business
5.1.3 IBM Corporation Internet of Things Insurance Products, Services and Solutions
5.1.4 IBM Corporation Internet of Things Insurance Revenue (US$ Million) & (2018-2023)
5.1.5 IBM Corporation Recent Developments
5.2 SAP SE
5.2.1 SAP SE Profile
5.2.2 SAP SE Main Business
5.2.3 SAP SE Internet of Things Insurance Products, Services and Solutions
5.2.4 SAP SE Internet of Things Insurance Revenue (US$ Million) & (2018-2023)
5.2.5 SAP SE Recent Developments
5.3 Oracle Corporation
5.3.1 Oracle Corporation Profile
5.3.2 Oracle Corporation Main Business
5.3.3 Oracle Corporation Internet of Things Insurance Products, Services and Solutions
5.3.4 Oracle Corporation Internet of Things Insurance Revenue (US$ Million) & (2018-2023)
5.3.5 Google Recent Developments
5.4 Google
5.4.1 Google Profile
5.4.2 Google Main Business
5.4.3 Google Internet of Things Insurance Products, Services and Solutions
5.4.4 Google Internet of Things Insurance Revenue (US$ Million) & (2018-2023)
5.4.5 Google Recent Developments
5.5 Microsoft Corporation
5.5.1 Microsoft Corporation Profile
5.5.2 Microsoft Corporation Main Business
5.5.3 Microsoft Corporation Internet of Things Insurance Products, Services and Solutions
5.5.4 Microsoft Corporation Internet of Things Insurance Revenue (US$ Million) & (2018-2023)
5.5.5 Microsoft Corporation Recent Developments
5.6 Cisco System
5.6.1 Cisco System Profile
5.6.2 Cisco System Main Business
5.6.3 Cisco System Internet of Things Insurance Products, Services and Solutions
5.6.4 Cisco System Internet of Things Insurance Revenue (US$ Million) & (2018-2023)
5.6.5 Cisco System Recent Developments
5.7 Accenture PLC
5.7.1 Accenture PLC Profile
5.7.2 Accenture PLC Main Business
5.7.3 Accenture PLC Internet of Things Insurance Products, Services and Solutions
5.7.4 Accenture PLC Internet of Things Insurance Revenue (US$ Million) & (2018-2023)
5.7.5 Accenture PLC Recent Developments
5.8 Verisk Analytics
5.8.1 Verisk Analytics Profile
5.8.2 Verisk Analytics Main Business
5.8.3 Verisk Analytics Internet of Things Insurance Products, Services and Solutions
5.8.4 Verisk Analytics Internet of Things Insurance Revenue (US$ Million) & (2018-2023)
5.8.5 Verisk Analytics Recent Developments
5.9 Concirrus
5.9.1 Concirrus Profile
5.9.2 Concirrus Main Business
5.9.3 Concirrus Internet of Things Insurance Products, Services and Solutions
5.9.4 Concirrus Internet of Things Insurance Revenue (US$ Million) & (2018-2023)
5.9.5 Concirrus Recent Developments
5.10 Zonoff
5.10.1 Zonoff Profile
5.10.2 Zonoff Main Business
5.10.3 Zonoff Internet of Things Insurance Products, Services and Solutions
5.10.4 Zonoff Internet of Things Insurance Revenue (US$ Million) & (2018-2023)
5.10.5 Zonoff Recent Developments
5.11 Aeris Group Ltd
5.11.1 Aeris Group Ltd Profile
5.11.2 Aeris Group Ltd Main Business
5.11.3 Aeris Group Ltd Internet of Things Insurance Products, Services and Solutions
5.11.4 Aeris Group Ltd Internet of Things Insurance Revenue (US$ Million) & (2018-2023)
5.11.5 Aeris Group Ltd Recent Developments
5.12 Telit
5.12.1 Telit Profile
5.12.2 Telit Main Business
5.12.3 Telit Internet of Things Insurance Products, Services and Solutions
5.12.4 Telit Internet of Things Insurance Revenue (US$ Million) & (2018-2023)
5.12.5 Telit Recent Developments
5.13 Cognizant
5.13.1 Cognizant Profile
5.13.2 Cognizant Main Business
5.13.3 Cognizant Internet of Things Insurance Products, Services and Solutions
5.13.4 Cognizant Internet of Things Insurance Revenue (US$ Million) & (2018-2023)
5.13.5 Cognizant Recent Developments
5.14 Capgemini
5.14.1 Capgemini Profile
5.14.2 Capgemini Main Business
5.14.3 Capgemini Internet of Things Insurance Products, Services and Solutions
5.14.4 Capgemini Internet of Things Insurance Revenue (US$ Million) & (2018-2023)
5.14.5 Capgemini Recent Developments
5.15 LexisNexis
5.15.1 LexisNexis Profile
5.15.2 LexisNexis Main Business
5.15.3 LexisNexis Internet of Things Insurance Products, Services and Solutions
5.15.4 LexisNexis Internet of Things Insurance Revenue (US$ Million) & (2018-2023)
5.15.5 LexisNexis Recent Developments
5.16 Lemonade Inc
5.16.1 Lemonade Inc Profile
5.16.2 Lemonade Inc Main Business
5.16.3 Lemonade Inc Internet of Things Insurance Products, Services and Solutions
5.16.4 Lemonade Inc Internet of Things Insurance Revenue (US$ Million) & (2018-2023)
5.16.5 Lemonade Inc Recent Developments
5.17 Hippo Insurance
5.17.1 Hippo Insurance Profile
5.17.2 Hippo Insurance Main Business
5.17.3 Hippo Insurance Internet of Things Insurance Products, Services and Solutions
5.17.4 Hippo Insurance Internet of Things Insurance Revenue (US$ Million) & (2018-2023)
5.17.5 Hippo Insurance Recent Developments
6 North America
6.1 North America Internet of Things Insurance Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe Internet of Things Insurance Market Size by Country (2018-2029)
7.2 Germany
7.3 France
7.4 U.K.
7.5 Italy
7.6 Russia
7.7 Nordic Countries
7.8 Rest of Europe
8 Asia-Pacific
8.1 Asia-Pacific Internet of Things Insurance Market Size by Region (2018-2029)
8.2 China
8.3 Japan
8.4 South Korea
8.5 Southeast Asia
8.6 India
8.7 Australia
8.8 Rest of Asia-Pacific
9 Latin America
9.1 Latin America Internet of Things Insurance Market Size by Country (2018-2029)
9.2 Mexico
9.3 Brazil
9.4 Rest of Latin America
10 Middle East & Africa
10.1 Middle East & Africa Internet of Things Insurance Market Size by Country (2018-2029)
10.2 Turkey
10.3 Saudi Arabia
10.4 UAE
10.5 Rest of Middle East & Africa
11 Internet of Things Insurance Market Dynamics
11.1 Internet of Things Insurance Industry Trends
11.2 Internet of Things Insurance Market Drivers
11.3 Internet of Things Insurance Market Challenges
11.4 Internet of Things Insurance Market Restraints
12 Research Finding /Conclusion
13 Methodology and Data Source
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
13.4 Author List
Published By : QY Research
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