LONDON--(BUSINESS WIRE)--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.
This research report titled ‘Global Automotive Usage-based Insurance Market 2018-2022’ 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.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
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.
Looking for more information on this market? Request a free sample report
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 Report
- Market Outline
- Global Automotive Usage-based Insurance Market Overview
Market Insights
- Market Sizing and Forecasts
- Market Growth
- Market Drivers and Challenges
- Key Emerging Trends
Market Segmentation Analysis
- Regional comparison (Europe, North America, and APAC)
- Key leading countries
- Segmentation by application (automotive embedded UBI and automotive app-based UBI)
Vendor Landscape
- Vendor classification
- Market positioning of vendors
- Competitive scenario
- Analysis of top vendors (Allianz, Intelligent Mechatronic Systems, Watchstone Group, Octo Telematics, and Sierra Wireless)
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at media@technavio.com.
