Global Automotive Usage-Based Insurance Market to Grow at a CAGR of 7.93% During 2017-2021 - Intelligent Mechatronic System, Octo Telematics, Hubio, Sierra Wireless
The global automotive UBI market is at a nascent stage and has low penetration in the overall automotive insurance market. The market is seeing an influx of new players owing to its growth potential and the emergence of smartphone app technology in automotive UBI. The competition is expected to intensify during the forecast period because of product extensions and technological innovations. Many international players are expected to grow organically during the forecast period by expanding their customer base and creating...
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