(MENAFN- Comserve) Shibuya-ku, Tokyo, Japan, Japan, Oct 12, 2021, 03:48 /Comserve / -- Global Telematics Insurance Market Analysis, 2020 research report depicts a deep dive market analysis of statistics of Global Telematics Insurance market which consists of regional and country-wise market.
With COVID-19 resulting in the economic fallout, numerous economies are working on game-changing improvements to protect their employees and clients. While focusing on the ongoing challenges, the leaders are embracing new plans in order to manage and stay afloat in this competitive environment.
Global Telematics Insurance Market Analysis, 2020 research report depicts a deep dive market analysis of statistics of Global Telematics Insurance market which consists of regional and country-wise market size, forecast, CAGR market segmentation, market shares of diverse regions and countries, market share of various end-users, applications, product type, technologies, competitive benchmarking, etc.
According to MarkNtel Advisors' research report“Global Telematics Insurance Market Analysis, 2020”, the Global Telematics Insurance market is anticipated to grow at a CAGR of around 34% during 2021-26F. The growth of the market is attributed to escalating traction of connected devices in the passenger vehicle, rising awareness among customer in the emerging economies along with burgeoning adoption of telematic services and connected car and escalation use of in-vehicle communication systems in order to track driving behavior of the driver.
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The Final Report will cover the impact analysis of COVID-19 on this industry: Global Telematics Insurance Market Analysis, Insights by Emerging Trends, Future Growth, Revenue Analysis, Demand Forecast 2020
Moreover, significant surge in the fleet size of passenger car in both developed and developing countries, increasing safety concern and surging number of insurance companies for the auto sector are the factors placing a lucrative opportunity for the growth of the market in the forthcoming timeline.
Passenger Vehicle Segment Acquired the Considerable Market Share
Based on End-User, Passenger Vehicle acquired the considerable market share in the Global Telematic Insurance market in 2020. The growth of the segment is accredited to growing concern of safety among drivers in passenger vehicles, rise in the number of passenger vehicle due to increasing per capita income of the customer and surging demand for custom-designed apps for passenger vehicles.
Besides this, commercial vehicle is also anticipated to grow at a significant rate owing to the factors such as increase in the fleet size of the commercial vehicle, rise in the number of market player in the commercial insurance telematics and growing adoption of telematics among public transport and commercial fleet owners to reduce operational cost. Thus, this is anticipated to drive the growth of the Telematics Insurance market globally in the near future as revealed by the MarkNtel Advisors' research report“Global Telematics Insurance Market Analysis, 2020”.
Fill This Form and get the Sample Copy of This Report:
The Final Report will cover the impact analysis of COVID-19 on this industry: Global Telematics Insurance Market Analysis, Insights by Emerging Trends, Future Growth, Revenue Analysis, Demand Forecast 2020
Competitive Landscape
According to MarkNtel Advisors', the key players with a considerable market share in the Global Telematics Insurance market include Agero Inc., Aplicom, Intelligent Mechatronic System, Masternaut Ltd., Meta System S.p.A, MiX Telematics Ltd., Octo Telematics S.p.A, Sierra Wireless Inc., Trimble Inc., Webfleet Solutions GB, Verizon Enterprise Solutions, Telogis, Admiral, Achmea, AXA Assistance etc.
Key Questions Answered in the Market Research Report:
1. What are the key overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of Global Telematics Insurance Market?
2. What is the region wise industry size, growth drivers and challenges key market trends?
3. What are the key innovations, technology upgrades, opportunities, regulations in the Global Telematics Insurance Market?
4. Who are the key competitors or market players and how they perform in Global Telematics Insurance Market based on competitive benchmarking matrix?
5. What are the key results derived from the market surveys conducted during the course of Global Telematics Insurance Market study?
TABLE OF CONTENT
1. Introduction
1.1. Product Definition
1.2. Research Process
1.3. Market Segmentation
1.4. Assumptions
2. Preface
3. Executive Summary
4. Impact of COVID-19 on Global Telematics Insurance Market
5. Global Telematics Insurance Market Outlook, 2016-2026F
5.1. Market Size & Analysis
5.1.1. Revenues
5.2. Market Share & Analysis
5.2.1. By Deployment Type
5.2.1.1. Cloud
5.2.1.2. On-Premise
5.2.2. By Offering
5.2.2.1. Hardware
5.2.2.2. Software
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