Global Automotive Usage-based Insurance Market 2018-2022 | Europe Dominates the Global Market | Technavio
Aug. 24, 2018
LONDON--(BUSINESS WIRE)--Aug 24, 2018--According to the latest market research report released by Technavio, the global automotive usage-based insurance market is expected to accelerate at a CAGR of nearly 7% during the forecast period. The flexible pricing scheme is one of the key factors driving the growth of the market.
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Technavio has published a new market research report on the global automotive usage-based insurance market from 2018-2022. (Photo: Business Wire)
This research report titled ‘ ’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. It also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
The market research analysis categorizes the global automotive usage-based insurance market into the following geographies:Europe North America APAC
In 2017, Europe accounted for 50% of the global market and is projected to decline to 45% by 2022, exhibiting almost 4% decrease in market share.
Global automotive usage-based insurance market: Top emerging trend
Big data platform provided by connected cars to push further developments in UBI is an emerging trend in the automotive usage-based insurance space. The rising connectivity solutions in the automotive industry and the availability of real-time data give a huge opportunity for auto OEMs to develop effective product offerings. The collection of real-time data is expected to grow further owing to the growing adoption of connected cars during the forecast period.
Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Technavio’s report provides expert market research on the following topics:
Executive ReportMarket Outline Global Automotive Usage-based Insurance Market Overview
Market InsightsMarket Sizing and Forecasts Market Growth Market Drivers and Challenges Key Emerging Trends
Market Segmentation AnalysisRegional comparison (Europe, North America, and APAC) Key leading countries Segmentation by application (automotive embedded UBI and automotive app-based UBI)
Vendor LandscapeVendor classification Market positioning of vendors Competitive scenario Analysis of top vendors (Allianz, Intelligent Mechatronic Systems, Watchstone Group, Octo Telematics, and Sierra Wireless)
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KEYWORD: EUROPE ASIA PACIFIC NORTH AMERICA
INDUSTRY KEYWORD: AUTOMOTIVE PROFESSIONAL SERVICES INSURANCE GENERAL AUTOMOTIVE
SOURCE: Technavio Research
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