Usage-based Insurance Markets, 2025 - Global Market to Grow by $68 Billion - ResearchAndMarkets.com

DUBLIN--()--The "Usage-based Insurance - Market Analysis, Trends, and Forecasts" report has been added to ResearchAndMarkets.com's offering.

Usage-based Insurance market worldwide is projected to grow by US$68.8 Billion, driven by a compounded growth of 19.6%. PAYD, one of the segments analyzed and sized in this study, displays the potential to grow at over 19.2%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market.

Poised to reach over US$41.3 Billion by the year 2025, PAYD will bring in healthy gains adding significant momentum to global growth.

Representing the developed world, the United States will maintain a 21.1% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$2.6 Billion to the region's size and clout in the next 5 to 6 years. Over US$3.3 Billion worth of projected demand in the region will come from Rest of Europe markets.

In Japan, PAYD will reach a market size of US$3.2 Billion by the close of the analysis period. As the world's second largest economy and the new game changer in global markets, China exhibits the potential to grow at 19.2% over the next couple of years and add approximately US$12 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders.

Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio.

Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include:

  • Allianz SE
  • Allstate Insurance Company
  • Cambridge Mobile Telematics
  • Inseego Corporation
  • insurethebox
  • Intelligent Mechatronic Systems, Inc.
  • Liberty Mutual Insurance
  • Mapfre
  • Modus Group
  • Octo Telematics Ltd.
  • Progressive Corporation
  • Sierra Wireless, Inc.
  • The Floow Ltd.
  • TomTom International BV
  • TrueMotion
  • Unipolsai Assicurazioni S.P.A.
  • Verizon Enterprise Solutions
  • Vodafone Group PLC

For more information about this report visit https://www.researchandmarkets.com/r/y8k8ip

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Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900