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(USGovernment-News.Com, January 29, 2019 ) Automotive Usage Based Insurance Market which has been compiled after an in-depth analysis of the market trends prevailing across five geographies (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America). Various segments of the market such as type/components/ application/industry verticals/ end-users are analyzed with robust research methodology which includes three step process starting with extensive secondary research to gather data from company profiles, global/regional associations, trade journals, technical white papers, paid databases etc. followed by primary research (interviews) with industry experts/KOLs to gain their insights and views on current scenarios and future scope of the market as well as validating the secondary information, further internal statistical model is used to estimate the market size and forecasts till 2025.
An innovative insurance plan for any automotive owner wherein costs of the insurance premium varies with different parameters that include vehicle usage, distance covered using the vehicle, driving behavior of the driver, and the speed at which the driver drives the vehicle. The usage based insurance system for the automotive industry is supposed to be a highly interactive system that interacts constantly with the vehicle and human behavior. Such an innovative usage based insurance system enables the vehicle owner to save considerable money on the premiums. Within this market, the Pay As You Drive (PAYD) and Manage How You Drive (MHYD) are anticipated to become the most preferred types for the calculation of premiums. Many factors are anticipated to augur in good stead for the growth of automotive usage based insurance market.
The concerns regarding the connectivity of technology in areas where the internet does not work well is one of the factors that would hinder the growth of automotive usage based insurance market. Also, advancements in the internet infrastructures of the telecommunication service providers would provide better opportunities for the market players to invest in the business model and enable a prosperous development in the automotive usage based insurance market.
1. Allianz 2. Intelligent Mechatronic Systems 3. Watchstone Group 4. Octo Telematics 5. Sierra Wireless 6. Hubio 7. Baseline Telematics 8. Masternaut 9. TomTom Telematics 10. Progressive Corporation
This report contains:
Market sizing for the global Automotive Usage Based Insurance Market. Compare major Automotive Usage Based Insurance providers strategies and approaches to the challenges they face Analysis of the effects deglobalisation trends may have for Automotive Usage Based Insurance providers Profiles of major Automotive Usage Based Insurance providers 5-year CAGR forecasts for logistics-intensive vertical sectors
Automotive Usage Based Insurance Market aims to provide a 360-degree view of the market in terms of cutting-edge technology, key developments, drivers, restraints and future trends with impact analysis of these trends on the market for short-term, mid-term and long-term during the forecast period. Further, the report also covers key players profiling with detailed SWOT analysis, financial facts and key developments of products/service from the past three years.
Automotive Usage Based Insurance Market - Global Analysis to 2025 is an expert compiled study which provides a holistic view of the market covering current trends and future scope with respect to product/service, the report also covers competitive analysis to understand the presence of key vendors in the companies by analyzing their product/services, key financial facts, details SWOT analysis and key development in last three years. Further chapter such as industry landscape and competitive landscape provides the reader with recent company level insights covering mergers and acquisitions, joint ventures, collaborations, new product developments/strategies taking place across the ecosystem. The chapters also evaluate the key vendors by mapping all the relevant products and services to exhibit the ranking/ position of top 5 key vendors.
Automotive Usage Based Insurance Market is a combination of qualitative as well as quantitative analysis which can be broken down into 40% and 60% respectively. Market estimation and forecasts are presented in the report for the overall global market from 2018 2025, considering 2018 as the base year and 2018 2025 forecast period. Global estimation is further broken down by segments and geographies such as North America, Europe, Asia-Pacific, Middle East & Africa and South America covering major 16 countries across the mentioned regions. The qualitative contents for geographical analysis will cover market trends in each region and country which includes highlights of the key players operating in the respective region/country, PEST analysis of each region which includes political, economic, social and technological factors influencing the growth of the market.
Key Benefits This report provides a detailed study of market trends and forecast from 2018 to 2025, which assist to identify the prevailing market opportunities. In-depth coverage of the global market that includes drivers, restraints, and opportunities, helps professionals to understand the market behavior in a better way. This study further includes market share analysis in terms of type and applications. Detailed study of the strategies of key leaders, partnerships, and acquisitions in the market is provided. Porters Five Forces analysis examines the competitive structure of the market and assists strategists in better decision-making.
Reason To Buy Highlights key business priorities in order to assist companies to realign their business strategies
- Highlights Automotive Usage Based Insurance Market hereby allowing organizations to gain revenues by focusing majorly on select products - The key findings and recommendations highlight crucial progressive industry trends in the Automotive Usage Based Insurance Market , thereby allowing players across the value chain to develop effective long term strategies - Develop/modify business expansion plans by using substantial growth offering developed and emerging markets - Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it - Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution - Examine the current and future impact of the market and PEST analysis for regions such as North America, Europe, APAC, Middle-East & Africa and South America
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