New York, NY -- (SBWIRE) -- 02/21/2018 -- Global Automotive Usage-Based Insurance Market

WiseGuyRerports.com Presents "Global Automotive Usage-Based Insurance Market 2017-2021" New Document to its Studies Database. The Report Contain 76 Pages With Detailed Analysis.

Description

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 differentiated products through partnerships with insurance companies.

The analysts forecast the global automotive usage-based insurance market to grow at a CAGR of 7.93% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global automotive usage-based insurance market for 2017-2021. To calculate the market size, the report presents the vendor landscape and a corresponding detailed analysis of the top four vendors in the market.

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The market is divided into the following segments based on geography:
- APAC
- Europe
- North America

The Global Automotive Usage-Based Insurance Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- Intelligent Mechatronic System
- Octo Telematics
- Hubio
- Sierra Wireless

Other prominent vendors
- Baseline Telematics
- Masternaut
- TomTom Telematics

Market driver
- Government initiatives encouraging use of telematics.
- For a full, detailed list, view our report

Market challenge
- Maintenance of data accuracy for optimum UBI scores.
- For a full, detailed list, view our report

Market trend
- Shared data plans to reduce number of data subscriptions per user.
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Complete Report Details @ https://www.wiseguyreports.com/reports/872270-global-automotive-usage-based-insurance-market-2017-2021



Table of Contents -Major Key Points

PART 01: Executive summary

PART 02: Scope of the report
- Market overview
- Top-vendor offerings

PART 03: Market research methodology
- Research methodology
- Economic indicators

PART 04: Introduction
- Key market highlights
- Overview: Automotive digital insurance through telematics
- Automotive UBI: Market dynamics
- Value chain analysis

PART 05: Market landscape
- Market overview
- Working of automotive UBI
- Market size and forecast
- Five forces analysis

PART 06: Market segmentation by UBI type
- Global automotive UBI market by type
- Global automotive app-based UBI market
- Global automotive embedded UBI market

PART 07: Geographical segmentation
- Segmentation of automotive UBI market by geography
- Automotive UBI market in Europe
- Automotive UBI market in North America
- Automotive UBI market in APAC

PART 08: Market drivers
- Government initiatives encouraging use of telematics
- Regulations for motor insurance
- Growing smartphone usage
- Growing demand for embedded telematics solutions
- Rising connected car market
- Demand for fleet management solutions in logistics sector to push UBI adoption in commercial vehicles

PART 09: Market challenges
- Maintenance of data accuracy for optimum UBI scores
- Potential for information security breach
- Operational issues pertaining to UBI
- Lack of standardization in telematics industry

PART 10: Market trends
- Increasing customer retention through wider UBI usage
- Reduced dependence on smartphones
- Shared data plans to reduce number of data subscriptions per user
- Growing popularity of high-speed data connections in cars lead to developments in supporting infrastructure
- Big data platform provided by connected cars to push developments in UBI

PART 11: Vendor landscape
- Competitive benchmarking
- Other prominent vendors

PART 12: Key vendor analysis
- Intelligent Mechatronic System (IMS)
- Octo Telematics
- Hubio
- Sierra Wireless

………..CONTINUED