Global Insurance Telematics Market to 2027, Global Trends, Opportunity, Future Outlook, COVID-19 Impact Analysis, Forecast 2021-2027

The Insurance Telematics Market is projected to reach a CAGR of 21.01% between 2021 and 2027. Telematics refers to the technology used to collect vehicle information and transmit it wirelessly to external systems. Telematics insurance usually works by setting up a device, commonly referred to as a black box, that records various metrics such as speed, distance and the type of road traveled by a vehicle. The device also monitors the braking patterns and driving styles that insurance companies use to calculate premiums accordingly. Insurance telematics offers the potential to change the current scenario of auto insurance and positively influence claims, risk selection and fraud detection.

The Insurance Telematics Market key players in this market include:

• Agero
• Aplicom
• Masternaut
• Mix Telematics
• Octo Telematics
• Sierra Wireless
• TomTom
• Trimble
• Verizon Enterprise Solutions

By Type

• Cloud
• On-Premises

By Application

• Passenger Vehicle
• Commercial Vehicle

Scope of the Report

The research study analyses the global Insurance Telematics industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis

o Import and Export Overview

o Volume Analysis

o Current Market Trends and Future Outlook

o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume

o Latin America Market Size and/or Volume

o Europe Market Size and/or Volume

o Asia-Pacific Market Size and/or Volume

o Rest of the world Market Size and/or Volume

Key Questions Answered by Insurance Telematics Market Report

1. What was the Insurance Telematics Market size in 2019 and 2021; what are the estimated growth trends and market forecast (2021-2027).
2. What will be the CAGR of Insurance Telematics Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Insurance Telematics Market was the market leader in 2021?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.