Global IoT Insurance Market Report 2024

IoT Insurance Global Market Report 2024 – By Component (Solution, Service), By Insurance Type (Life And Health Insurance, Property And Casualty Insurance, Other Insurance Types), By Application (Automotive Transportation And Logistics, Life And Health, Commercial And Residential Buildings, Business And Enterprise, Agriculture, Other Applications) – Market Size, Trends, And Global Forecast 2024-2033

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IoT Insurance Global Market Report 2024

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Description Table Of Contents Tables & Figures Market Insights Related Reports

IoT Insurance Market Definition And Segments

IoT insurance refers to the use of Internet of Things (IoT) devices to track data on the insurance holder, which indicates certain risk factors for the insurer and customer due to which the insurer can handle claims in a better and more accurate way. IoT tools support insurance service providers in increasing their knowledge of risk management and enhancing employee and organizational productivity.

The main insurance types for IoT insurance are life and health insurance, property and casualty insurance, and other insurance types. Life insurance refers to a legal agreement between an insurance policyholder and an insurance company whereby the insurer agrees to pay a specific amount at the demise of a covered party or after a specific amount of time in exchange for premiums. Health insurance refers to an arrangement whereby an insurance provider offers to cover all or a portion of your medical costs in return for a regular premium payment. There are components such as solution and service in various applications involving automotive transportation and logistics, life and health, commercial and residential buildings, business and enterprise, agriculture, and other applications.

The IoT insurance market covered in this report is segmented –

1) By Component: Solution, Service

2) By Insurance Type: Life And Health Insurance, Property And Casualty Insurance, Other Insurance Types

3) By Application: Automotive Transportation And Logistics, Life And Health, Commercial And Residential Buildings, Business And Enterprise, Agriculture, Other Applications

The IoT insurance market size has grown exponentially in recent years. It will grow from $65.55 billion in 2023 to $101.64 billion in 2024 at a compound annual growth rate (CAGR) of 55.0%. The growth in the historic period can be attributed to risk prevention and mitigation, enhanced customer engagement, home automation devices, health and wearable devices, smart property devices, cybersecurity concerns.

The IoT insurance market size is expected to see exponential growth in the next few years. It will grow to $612.55 billion in 2028 at a compound annual growth rate (CAGR) of 56.7%. The growth in the forecast period can be attributed to regulatory support, emergence of insurtech startups, smart city initiatives, customized premiums, climate and environmental monitoring. Major trends in the forecast period include integration of connected devices, telematics in auto insurance, smart home and property insurance, cyber insurance with IoT security, blockchain for data security, data analytics and predictive modeling.

IOT Adoption Drives IOT Insurance Market Growth

Growing usage of the Internet of Things (IoT) is significantly contributing to the growth of the IoT insurance market going forward. The Internet of Things (IoT) refers to a network of physical items having sensors, software, and other technologies installed with the purpose of connecting and exchanging information with other hardware and software over the internet. IoT technology solutions help insurance companies determine risks more precisely and establish better customer relationships. For instance, according to a 2022 report from Fieldforce Inc., a US-based software development and network platform company, IoT adoption had a year-on-year growth of 61% from 2020 to 2021. Therefore, growing usage of the Internet of Things (IoT) will drive the IoT insurance market.

The Expansion Of Health Insurance Coverage Is Driving The Growth Of The IoT Insurance Market

The expansion of health insurance coverage is expected to propel the growth of the IoT insurance market going forward. Health insurance is a type of insurance that covers the whole or a part of the risk of a person incurring medical expenses. IoT in health insurance leverages connected devices and data analytics to promote preventive care, enhance risk assessment, and improve overall policyholder wellness. For instance, in September 2023, according to the Census Bureau, a US-based government agency, in 2022, health insurance coverage was held by 92.1% of the population, totaling 304.0 million individuals at some point throughout the year. This marks a rise in both the insured rate and the total number of insured compared to 2021, where the figures were 91.7 percent (300.9 million). Therefore, the expansion of health insurance coverage is driving the growth of the IoT insurance market.

Major companies operating in the IoT insurance market report are SAP SE, Cisco Systems Inc., Alphabet Inc., International Business Machines Corporation, Accenture PLC, Microsoft Corporation, Oracle Corporation, Aeris Group Ltd., Concirrus Ltd., Telit Communications PLC, Verisk Analytics Inc., Allerin Pvt. Ltd., ForMotiv LLC, Wipro Limited, Webfleet Solutions BV, Intel Corporation, Google LLC, Capgemini SE, Allstate Insurance Company, Liberty Mutual Insurance Company, State Farm Mutual Automobile Insurance Company, Progressive Corporation, The Travelers Companies Inc., Nationwide Mutual Insurance Company, American International Group Inc., Zurich Insurance Group AG, Chubb Limited, The Hartford Financial Services Group Inc., Farmers Insurance Group of Companies, Munich Re Group, Swiss Re AG, Berkshire Hathaway Inc., AXA SA, Generali Group, Ping An Insurance (Group) Company of China Ltd., China Life Insurance Company Limited, Samsung Fire & Marine Insurance Co Ltd., Sompo Holdings Inc. .

Technological Revolution Drives Innovation In IOT Insurance

Technological advancement is the key trend gaining popularity in the IoT insurance market. Major companies operating in the IoT insurance market are focusing on developing new technologies to advance IoT applications in the insurance sector. For instance, in December 2022, ARMD, a UK-based InsureTech company that uses technology to provide insurance to tradespeople, launched a new Smart Van Alarm and Tracker, an IoT technology that improves tradespeople's protection, provides insurers with better underwriting data, and decreases bogus claims. The ARMD app is used to control the IoT device, which is self-installed and does not require any technical expertise. As a result, tool inventory, security, insurance, and van location are all centralized. This greatly speeds up claim payments from many weeks to a few days and simplifies the entire procedure for craftsmen and insurers. In the event of a break-in, customers are now immediately contacted. The gadget also functions as a car tracker, providing crucial information for claim and underwriting purposes.

Strategic Partnership To Launch Innovative Service

Major companies operating in the IoT insurance market are adopting a strategic partnership approach to launch innovative services. Strategic partnerships refer to a process in which companies leverage each other's strengths and resources to achieve mutual benefits and success. For instance, in May 2023, Sky, a US-based company, collaborated with Zurich Insurance Group Ltd., to introduce a smart home protection IoT service that combines comprehensive home insurance with smart home technology. This innovative offering, known as Sky Protect Smart Home Insurance, is underwritten by Zurich Insurance and includes a suite of smart home tech products such as video doorbells, indoor cameras, leak detectors, motion sensors, and contact sensors. Zurich Insurance Group Ltd. is a Switzerland-based insurance company that offers general insurance and life insurance solutions for its individual, small business, and corporate customers.

Lemonade Expands Its IoT Presence With Acquisition Of Metromile

In September 2022, Lemonade Inc., a US-based home insurance and car insurance provider using IoT for insurance handling and risk assessment, acquired Metromile for $145 million. Metromile’s car sensors which are connected to the Internet of Things (IoT) and uses AI to monitor the miles driven for car will be added to Lemonade’s portfolio. Metromile, a US-based pay-per-mile car insurance company that uses sensors and smart driving features to keep track of driving data.

North America was the largest region in the IoT insurance market in 2023. The regions covered in the IoT insurance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the IoT insurance market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The IoT insurance market includes revenues earned by entities by selling insurance policies monitored by IoT devices (e.g. fire insurance and flood insurance). The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The IoT insurance market research report is one of a series of new reports from The Business Research Company that provides IoT insurance market statistics, including IoT insurance industry global market size, regional shares, competitors with a IoT insurance market share, detailed IoT insurance market segments, market trends and opportunities, and any further data you may need to thrive in the IoT insurance industry. This IoT insurance market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

IoT Insurance Market Report Scope
Report AttributeDetails
Market Size Value In 2024 $101.64 billion
Revenue Forecast In 2033 $612.55 billion
Growth Rate CAGR of 56.7% from 2024 to 2033
Base Year For Estimation 2023
Actual Estimates/Historical Data 2018-2023
Forecast Period 2024 - 2028 - 2033
Market Representation Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered 1) By Component: Solution, Service
2) By Insurance Type: Life And Health Insurance, Property And Casualty Insurance, Other Insurance Types
3) By Application: Automotive Transportation And Logistics, Life And Health, Commercial And Residential Buildings, Business And Enterprise, Agriculture, Other Applications
Regional Scope Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Country Scope Australia; China; India; Indonesia; Japan; South Korea; Bangladesh; Thailand; Vietnam; Malaysia; Singapore; Philippines; Hong Kong; New Zealand; USA; Canada; Mexico; Brazil; Chile; Argentina; Colombia; Peru; France; Germany; UK; Austria; Belgium; Denmark; Finland; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; Russia; Czech Republic; Poland; Romania; Ukraine; Saudi Arabia; Israel; Iran; Turkey; UAE; Egypt; Nigeria; South Africa
Key Companies Profiled SAP SE; Cisco Systems Inc.; Alphabet Inc.; International Business Machines Corporation; Accenture plc; Microsoft Corporation; Oracle Corporation; Aeris Group Ltd.; Concirrus Ltd.; Telit Communications plc; Verisk Analytics Inc.; Allerin Pvt. Ltd.; ForMotiv LLC; Wipro Limited; Webfleet Solutions BV; Intel Corporation; Google LLC; Capgemini SE; Allstate Insurance Company; Liberty Mutual Insurance Company; State Farm Mutual Automobile Insurance Company; Progressive Corporation; The Travelers Companies Inc.; Nationwide Mutual Insurance Company; American International Group Inc.; Zurich Insurance Group AG; Chubb Limited; The Hartford Financial Services Group Inc.; Farmers Insurance Group of Companies; Munich Re Group; Swiss Re AG; Berkshire Hathaway Inc.; AXA SA; Generali Group; Ping An Insurance (Group) Company of China Ltd.; China Life Insurance Company Limited; Samsung Fire & Marine Insurance Co Ltd.; Sompo Holdings Inc.
Customization ScopeRequest for Sample
Pricing And Purchase OptionsExplore Purchase Options

    Table Of Contents

    1. Executive Summary

    2. IoT Insurance Market Characteristics

    3. IoT Insurance Market Trends And Strategies

    4. IoT Insurance Market - Macro Economic Scenario

    4.1. Impact Of High Inflation On the Market

    4.2. Ukraine-Russia War Impact On the Market

    4.3. COVID-19 Impact On the Market

    5. Global IoT Insurance Market Size and Growth

    5.1. Global IoT Insurance Market Drivers and Restraints

    5.1.1. Drivers Of The Market

    5.1.2. Restraints Of The Market

    5.2. Global IoT Insurance Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

    5.3. Global IoT Insurance Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

    6. IoT Insurance Market Segmentation

    6.1. Global IoT Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Solution

    Service

    6.2. Global IoT Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Life And Health Insurance

    Property And Casualty Insurance

    Other Insurance Types

    6.3. Global IoT Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Automotive Transportation And Logistics

    Life And Health

    Commercial And Residential Buildings

    Business And Enterprise

    Agriculture

    Other Applications

    7. IoT Insurance Market Regional And Country Analysis

    7.1. Global IoT Insurance Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    7.2. Global IoT Insurance Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8. Asia-Pacific IoT Insurance Market  

    8.1. Asia-Pacific IoT Insurance Market Overview  

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific IoT Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8.3. Asia-Pacific IoT Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8.4. Asia-Pacific IoT Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    9. China IoT Insurance Market  

    9.1. China IoT Insurance Market Overview  

    9.2. China IoT Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    9.3. China IoT Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    9.4. China IoT Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    10. India IoT Insurance Market  

    10.1. India IoT Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10.2. India IoT Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10.3. India IoT Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11. Japan IoT Insurance Market  

    11.1. Japan IoT Insurance Market Overview  

    11.2. Japan IoT Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11.3. Japan IoT Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11.4. Japan IoT Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12. Australia IoT Insurance Market  

    12.1. Australia IoT Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12.2. Australia IoT Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12.3. Australia IoT Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13. Indonesia IoT Insurance Market  

    13.1. Indonesia IoT Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13.2. Indonesia IoT Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13.3. Indonesia IoT Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14. South Korea IoT Insurance Market  

    14.1. South Korea IoT Insurance Market Overview  

    14.2. South Korea IoT Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14.3. South Korea IoT Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14.4. South Korea IoT Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15. Western Europe IoT Insurance Market  

    15.1. Western Europe IoT Insurance Market Overview

    15.2. Western Europe IoT Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15.3. Western Europe IoT Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15.4. Western Europe IoT Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16. UK IoT Insurance Market  

    16.1. UK IoT Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16.2. UK IoT Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16.3. UK IoT Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17. Germany IoT Insurance Market  

    17.1. Germany IoT Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17.2. Germany IoT Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17.3. Germany IoT Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18. France IoT Insurance Market  

    18.5. France IoT Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18.6. France IoT Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18.7. France IoT Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19. Italy IoT Insurance Market  

    19.9. Italy IoT Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19.10. Italy IoT Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19.11. Italy IoT Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20. Spain IoT Insurance Market  

    20.13. Spain IoT Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20.14. Spain IoT Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20.15. Spain IoT Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21. Eastern Europe IoT Insurance Market  

    21.1. Eastern Europe IoT Insurance Market Overview

    21.2. Eastern Europe IoT Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21.3. Eastern Europe IoT Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21.4. Eastern Europe IoT Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22. Russia IoT Insurance Market  

    22.1. Russia IoT Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22.2. Russia IoT Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22.3. Russia IoT Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23. North America IoT Insurance Market  

    23.1. North America IoT Insurance Market Overview

    23.2. North America IoT Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23.3. North America IoT Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23.4. North America IoT Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24. USA IoT Insurance Market  

    24.1. USA IoT Insurance Market Overview

    24.2. USA IoT Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24.3. USA IoT Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24.4. USA IoT Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25. Canada IoT Insurance Market  

    25.1. Canada IoT Insurance Market Overview

    25.2. Canada IoT Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25.3. Canada IoT Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25.4. Canada IoT Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26. South America IoT Insurance Market  

    26.1. South America IoT Insurance Market Overview

    26.2. South America IoT Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26.3. South America IoT Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26.4. South America IoT Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27. Brazil IoT Insurance Market  

    27.1. Brazil IoT Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27.2. Brazil IoT Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27.3. Brazil IoT Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28. Middle East IoT Insurance Market  

    28.1. Middle East IoT Insurance Market Overview

    28.2. Middle East IoT Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28.3. Middle East IoT Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28.4. Middle East IoT Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29. Africa IoT Insurance Market  

    29.1. Africa IoT Insurance Market Overview

    29.2. Africa IoT Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29.3. Africa IoT Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29.4. Africa IoT Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    30. IoT Insurance Market Competitive Landscape And Company Profiles

    30.1. IoT Insurance Market Competitive Landscape

    30.2. IoT Insurance Market Company Profiles

    30.2.1. SAP SE

    30.2.1.1. Overview

    30.2.1.2. Products and Services

    30.2.1.3. Strategy

    30.2.1.4. Financial Performance

    30.2.2. Cisco Systems Inc.

    30.2.2.1. Overview

    30.2.2.2. Products and Services

    30.2.2.3. Strategy

    30.2.2.4. Financial Performance

    30.2.3. Alphabet Inc.

    30.2.3.1. Overview

    30.2.3.2. Products and Services

    30.2.3.3. Strategy

    30.2.3.4. Financial Performance

    30.2.4. International Business Machines Corporation

    30.2.4.1. Overview

    30.2.4.2. Products and Services

    30.2.4.3. Strategy

    30.2.4.4. Financial Performance

    30.2.5. Accenture plc

    30.2.5.1. Overview

    30.2.5.2. Products and Services

    30.2.5.3. Strategy

    30.2.5.4. Financial Performance

    31. Global IoT Insurance Market Competitive Benchmarking

    32. Global IoT Insurance Market Competitive Dashboard

    33. Key Mergers And Acquisitions In The IoT Insurance Market

    34. IoT Insurance Market Future Outlook and Potential Analysis

    34.1 IoT Insurance Market In 2028 - Countries Offering Most New Opportunities

    34.2 IoT Insurance Market In 2028 - Segments Offering Most New Opportunities

    34.3 IoT Insurance Market In 2028 - Growth Strategies

    34.3.1 Market Trend Based Strategies

    34.3.2 Competitor Strategies

    35. Appendix

    35.1. Abbreviations

    35.2. Currencies

    35.3. Historic And Forecast Inflation Rates

    35.4. Research Inquiries

    35.5. The Business Research Company

    35.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Table 3: Global IoT Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 4: Global IoT Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 5: Global IoT Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 6: Global IoT Insurance Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 7: Global IoT Insurance Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 8: Asia-Pacific, IoT Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 9: Asia-Pacific, IoT Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 10: Asia-Pacific, IoT Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 11: China, IoT Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 12: China, IoT Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 13: China, IoT Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 14: India, IoT Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 15: India, IoT Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 16: India, IoT Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 17: Japan, IoT Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 18: Japan, IoT Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 19: Japan, IoT Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 20: Australia, IoT Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 21: Australia, IoT Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 22: Australia, IoT Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 23: Indonesia, IoT Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 24: Indonesia, IoT Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 25: Indonesia, IoT Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 26: South Korea, IoT Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 27: South Korea, IoT Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 28: South Korea, IoT Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 29: Western Europe, IoT Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 30: Western Europe, IoT Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 31: Western Europe, IoT Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 32: UK, IoT Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 33: UK, IoT Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 34: UK, IoT Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 35: Germany, IoT Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 36: Germany, IoT Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 37: Germany, IoT Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 38: France, IoT Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 39: France, IoT Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 40: France, IoT Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 41: Italy, IoT Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 42: Italy, IoT Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 43: Italy, IoT Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 44: Spain, IoT Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 45: Spain, IoT Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 46: Spain, IoT Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 47: Eastern Europe, IoT Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 48: Eastern Europe, IoT Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 49: Eastern Europe, IoT Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 50: Russia, IoT Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 51: Russia, IoT Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 52: Russia, IoT Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 53: North America, IoT Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 54: North America, IoT Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 55: North America, IoT Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 56: USA, IoT Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 57: USA, IoT Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 58: USA, IoT Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 59: Canada, IoT Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 60: Canada, IoT Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 61: Canada, IoT Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 62: South America, IoT Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 63: South America, IoT Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 64: South America, IoT Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 65: Brazil, IoT Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 66: Brazil, IoT Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 67: Brazil, IoT Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 68: Middle East, IoT Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 69: Middle East, IoT Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 70: Middle East, IoT Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 71: Africa, IoT Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 72: Africa, IoT Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 73: Africa, IoT Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 74: SAP SE Financial Performance
  • Table 75: Cisco Systems Inc. Financial Performance
  • Table 76: Alphabet Inc. Financial Performance
  • Table 77: International Business Machines Corporation Financial Performance
  • Table 78: Accenture plc Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Figure 3: Global IoT Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 4: Global IoT Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 5: Global IoT Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 6: Global IoT Insurance Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 7: Global IoT Insurance Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 8: Asia-Pacific, IoT Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 9: Asia-Pacific, IoT Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 10: Asia-Pacific, IoT Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 11: China, IoT Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 12: China, IoT Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 13: China, IoT Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 14: India, IoT Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 15: India, IoT Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 16: India, IoT Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 17: Japan, IoT Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 18: Japan, IoT Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 19: Japan, IoT Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 20: Australia, IoT Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 21: Australia, IoT Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 22: Australia, IoT Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 23: Indonesia, IoT Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 24: Indonesia, IoT Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 25: Indonesia, IoT Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 26: South Korea, IoT Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 27: South Korea, IoT Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 28: South Korea, IoT Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 29: Western Europe, IoT Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 30: Western Europe, IoT Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 31: Western Europe, IoT Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 32: UK, IoT Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 33: UK, IoT Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 34: UK, IoT Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 35: Germany, IoT Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 36: Germany, IoT Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 37: Germany, IoT Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 38: France, IoT Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 39: France, IoT Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 40: France, IoT Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 41: Italy, IoT Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 42: Italy, IoT Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 43: Italy, IoT Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 44: Spain, IoT Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 45: Spain, IoT Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 46: Spain, IoT Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 47: Eastern Europe, IoT Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 48: Eastern Europe, IoT Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 49: Eastern Europe, IoT Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 50: Russia, IoT Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 51: Russia, IoT Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 52: Russia, IoT Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 53: North America, IoT Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 54: North America, IoT Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 55: North America, IoT Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 56: USA, IoT Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 57: USA, IoT Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 58: USA, IoT Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 59: Canada, IoT Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 60: Canada, IoT Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 61: Canada, IoT Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 62: South America, IoT Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 63: South America, IoT Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 64: South America, IoT Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 65: Brazil, IoT Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 66: Brazil, IoT Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 67: Brazil, IoT Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 68: Middle East, IoT Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 69: Middle East, IoT Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 70: Middle East, IoT Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 71: Africa, IoT Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 72: Africa, IoT Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 73: Africa, IoT Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 74: SAP SE Financial Performance
  • Figure 75: Cisco Systems Inc. Financial Performance
  • Figure 76: Alphabet Inc. Financial Performance
  • Figure 77: International Business Machines Corporation Financial Performance
  • Figure 78: Accenture plc Financial Performance
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Frequently Asked Questions

What is the definition of the IoT insurance market?

IoT insurance refers to the use of Internet of Things (IoT) devices to track data on the insurance holder, which indicates certain risk factors for the insurer and customer due to which the insurer can handle claims in a better and more accurate way. IoT tools support insurance service providers in increasing their knowledge of risk management and enhancing employee and organizational productivity. For further insights on the IoT insurance market, request a sample here

How will the IoT insurance market drivers and restraints affect the IoT insurance market dynamics? What forces will shape the IoT insurance industry going forward?

The IoT insurance market major growth driver - iot adoption drives IoT insurance market growth. For further insights on the IoT insurance market, request a sample here

What is the forecast market size or the forecast market value of the IoT insurance market ?

The IoT insurance market size has grown exponentially in recent years. It will grow from $65.55 billion in 2023 to $101.64 billion in 2024 at a compound annual growth rate (CAGR) of 55.0%. The growth in the historic period can be attributed to risk prevention and mitigation, enhanced customer engagement, home automation devices, health and wearable devices, smart property devices, cybersecurity concerns.. The IoT insurance market size is expected to see exponential growth in the next few years. It will grow to $612.55 billion in 2028 at a compound annual growth rate (CAGR) of 56.7%. The growth in the forecast period can be attributed to regulatory support, emergence of insurtech startups, smart city initiatives, customized premiums, climate and environmental monitoring.. Major trends in the forecast period include integration of connected devices, telematics in auto insurance, smart home and property insurance, cyber insurance with iot security, blockchain for data security, data analytics and predictive modeling.. For further insights on the IoT insurance market, request a sample here

How is the IoT insurance market segmented?

The IoT insurance market is segmented
1) By Component: Solution, Service
2) By Insurance Type: Life And Health Insurance, Property And Casualty Insurance, Other Insurance Types
3) By Application: Automotive Transportation And Logistics, Life And Health, Commercial And Residential Buildings, Business And Enterprise, Agriculture, Other ApplicationsFor further insights on the IoT insurance market, request a sample here

Which region has the largest share of the IoT insurance market? What are the other regions covered in the report?

North America was the largest region in the IoT insurance market in 2023. The regions covered in the IoT insurance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa For further insights on the IoT insurance market, request a sample here.

Who are the major players in the IoT insurance market?

Major companies operating in the IoT insurance market report are SAP SE, Cisco Systems Inc., Alphabet Inc., International Business Machines Corporation, Accenture plc, Microsoft Corporation, Oracle Corporation, Aeris Group Ltd., Concirrus Ltd., Telit Communications plc, Verisk Analytics Inc., Allerin Pvt. Ltd., ForMotiv LLC, Wipro Limited, Webfleet Solutions BV, Intel Corporation, Google LLC, Capgemini SE, Allstate Insurance Company, Liberty Mutual Insurance Company, State Farm Mutual Automobile Insurance Company, Progressive Corporation, The Travelers Companies Inc., Nationwide Mutual Insurance Company, American International Group Inc., Zurich Insurance Group AG, Chubb Limited, The Hartford Financial Services Group Inc., Farmers Insurance Group of Companies, Munich Re Group, Swiss Re AG, Berkshire Hathaway Inc., AXA SA, Generali Group, Ping An Insurance (Group) Company of China Ltd., China Life Insurance Company Limited, Samsung Fire & Marine Insurance Co Ltd., Sompo Holdings Inc. . For further insights on the IoT insurance market, request a sample here.

What are the key trends in the IoT insurance market?

Major trend in the IoT insurance market - technological revolution drives innovation in iot insurance. For further insights on the IoT insurance market, request a sample here.

What are the major opportunities in the IoT insurance market? What are the strategies for the IoT insurance market?

For detailed insights on the major opportunities and strategies in the IoT insurance market, request a sample here.

How does the IoT insurance market relate to the overall economy and other similar markets?

For detailed insights on IoT insurance market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the IoT insurance industry?

For detailed insights on the mergers and acquisitions in the IoT insurance industry, request a sample here.

What are the key dynamics influencing the IoT insurance market growth? SWOT analysis of the IoT insurance market.

For detailed insights on the key dynamics influencing the IoT insurance market growth and SWOT analysis of the IoT insurance industry, request a sample here.