DUBLIN--(BUSINESS WIRE)--The "Global Automotive Usage-Based Insurance Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.
Global automotive usage-based insurance market to grow at a CAGR of 6.87% during the period 2018-2022.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The latest trend gaining momentum in the market is shared data plans to reduce data subscribers per user. We expect that the number of connected devices in the ecosystem will grow to more than 55 billion units by 2022 and that every person will have at least seven connected devices on an average. The billing model for the provision of telecom operators is still unclear. Further, the report states that one of the major factors hindering the growth of this market is the high cost of telematic device installation.
One of the major drivers for this market is flexible pricing schemes. Traditional auto insurance relies on historical data such as driving record, credit-based insurance score, garage location, personal characteristics, vehicle type, vehicle use, previous claims, liability limits, and deductibles. The discounts on premium in traditional auto insurance were done by combining different parameters such as insurance on multiple vehicles, insurance with multiple carriers, and the availability of protection devices like airbags. Such kind of policies made traditional auto insurance a fixed cost, which was assessed and was required to be paid annually, semi-annually, or quarterly basis.
- Intelligent Mechatronic Systems
- Watchstone Group
- Octo Telematics
- Sierra Wireless
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Research Methodology
Part 04: Market Landscape
Part 05: Market Sizing
Part 06: Five Forces Analysis
Part 07: Market Segmentation by Pricing Scheme
Part 08: Market Segmentation by Application
Part 09: Customer Landscape
Part 10: Regional Landscape
Part 11: Decision Framework
Part 12: Drivers and Challenges
Part 13: Market Trends
Part 14: Vendor Landscape
Part 15: Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/4ws4n6/global_automotive?w=4