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Internet of Things Insurance Market Size, Share 2023
| Market size in 2022 |
US$ 26030 million
|
Forecast Market size by 2029 |
US$ 155330 million
|
| Growth Rate |
CAGR of 29.1% |
Number of Pages |
60 Pages |
The use of interconnected devices with real time data collaboration within the insurance industry is known as Internet of Things (IoT) insurance. The IoT enabled devices help insurer provide data, which can be used to manage claims, reduce risk, and identify various frauds. Easy settlement of claims, creation of analytical value from obtained data, and development of flexible insurance products for various sectors of the market are some of the advantages of IoT in insurance technology. The privacy of the user identity and over dependency on technology limit the adoption of IoT in insurance.
This report aims to provide a comprehensive presentation of the global market for Internet of Things Insurance, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Internet of Things Insurance. This report contains market size and forecasts of Internet of Things Insurance in global, including the following market information:
Global Internet of Things Insurance Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Internet of Things Insurance market was valued at US$ 26030 million in 2022 and is projected to reach US$ 155330 million by 2029, at a CAGR of 29.1% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The growth in inclination towards IoT and increased demand for IoT-based devices in insurance industry majorly drive the IoT insurance market. Further, growth in practice of cloud computing in insurance sector and improved insurance service owing to adoption of IoT also propel the market toward growth. Development of new insurance model based on smart devices, growth in need to insure the devices such as smart automobiles, and analytics based on data provided by IoT devices for improvement of business creates sufficient opportunities in the IoT insurance market.
We surveyed the Internet of Things Insurance companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Internet of Things Insurance Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Internet of Things Insurance Market Segment Percentages, by Type, 2022 (%)
Property & Casualty Insurance
Health Insurance
Life Insurance
Others
Global Internet of Things Insurance Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Internet of Things Insurance Market Segment Percentages, by Application, 2022 (%)
Automotive & Transportation
Home & Commercial Building
Life & Health
Business & Enterprise
Travel
Others
Global Internet of Things Insurance Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Internet of Things Insurance Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Internet of Things Insurance revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Internet of Things Insurance revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
IBM Corporation
SAP SE
Oracle Corporation
Google
Microsoft Corporation
Cisco System
Accenture PLC
Verisk Analytics
Concirrus
Zonoff
Outline of Major Chapters:
Chapter 1: Introduces the definition of Internet of Things Insurance, market overview.
Chapter 2: Global Internet of Things Insurance market size in revenue.
Chapter 3: Detailed analysis of Internet of Things Insurance company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Internet of Things Insurance in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
| Report Attributes |
Report Details |
| Report Title |
Internet of Things Insurance Market, Global Outlook and Forecast 2023-2029 |
| Market size in 2022 |
US$ 26030 million
|
| Forecast Market size by 2029 |
US$ 155330 million
|
| Growth Rate |
CAGR of 29.1% |
| Historical Year |
2018 to 2022 (Data from 2010 can be provided as per availability) |
| Base Year |
2022 |
| Forecast Year |
2030 |
| Number of Pages |
60 Pages |
| Customization Available |
Yes, the report can be customized as per your need. |
TABLE OF CONTENTS
1 Introduction to Research & Analysis Reports
1.1 Internet of Things Insurance Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global Internet of Things Insurance Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global Internet of Things Insurance Overall Market Size
2.1 Global Internet of Things Insurance Market Size: 2022 VS 2029
2.2 Global Internet of Things Insurance Market Size, Prospects & Forecasts: 2018-2029
2.3 Key Market Trends, Opportunity, Drivers and Restraints
2.3.1 Market Opportunities & Trends
2.3.2 Market Drivers
2.3.3 Market Restraints
3 Company Landscape
3.1 Top Internet of Things Insurance Players in Global Market
3.2 Top Global Internet of Things Insurance Companies Ranked by Revenue
3.3 Global Internet of Things Insurance Revenue by Companies
3.4 Top 3 and Top 5 Internet of Things Insurance Companies in Global Market, by Revenue in 2022
3.5 Global Companies Internet of Things Insurance Product Type
3.6 Tier 1, Tier 2 and Tier 3 Internet of Things Insurance Players in Global Market
3.6.1 List of Global Tier 1 Internet of Things Insurance Companies
3.6.2 List of Global Tier 2 and Tier 3 Internet of Things Insurance Companies
4 Market Sights by Product
4.1 Overview
4.1.1 By Type - Global Internet of Things Insurance Market Size Markets, 2022 & 2029
4.1.2 Property & Casualty Insurance
4.1.3 Health Insurance
4.1.4 Life Insurance
4.1.5 Others
4.2 By Type - Global Internet of Things Insurance Revenue & Forecasts
4.2.1 By Type - Global Internet of Things Insurance Revenue, 2018-2023
4.2.2 By Type - Global Internet of Things Insurance Revenue, 2024-2029
4.2.3 By Type - Global Internet of Things Insurance Revenue Market Share, 2018-2029
5 Sights by Application
5.1 Overview
5.1.1 By Application - Global Internet of Things Insurance Market Size, 2022 & 2029
5.1.2 Automotive & Transportation
5.1.3 Home & Commercial Building
5.1.4 Life & Health
5.1.5 Business & Enterprise
5.1.6 Travel
5.1.7 Others
5.2 By Application - Global Internet of Things Insurance Revenue & Forecasts
5.2.1 By Application - Global Internet of Things Insurance Revenue, 2018-2023
5.2.2 By Application - Global Internet of Things Insurance Revenue, 2024-2029
5.2.3 By Application - Global Internet of Things Insurance Revenue Market Share, 2018-2029
6 Sights by Region
6.1 By Region - Global Internet of Things Insurance Market Size, 2022 & 2029
6.2 By Region - Global Internet of Things Insurance Revenue & Forecasts
6.2.1 By Region - Global Internet of Things Insurance Revenue, 2018-2023
6.2.2 By Region - Global Internet of Things Insurance Revenue, 2024-2029
6.2.3 By Region - Global Internet of Things Insurance Revenue Market Share, 2018-2029
6.3 North America
6.3.1 By Country - North America Internet of Things Insurance Revenue, 2018-2029
6.3.2 US Internet of Things Insurance Market Size, 2018-2029
6.3.3 Canada Internet of Things Insurance Market Size, 2018-2029
6.3.4 Mexico Internet of Things Insurance Market Size, 2018-2029
6.4 Europe
6.4.1 By Country - Europe Internet of Things Insurance Revenue, 2018-2029
6.4.2 Germany Internet of Things Insurance Market Size, 2018-2029
6.4.3 France Internet of Things Insurance Market Size, 2018-2029
6.4.4 U.K. Internet of Things Insurance Market Size, 2018-2029
6.4.5 Italy Internet of Things Insurance Market Size, 2018-2029
6.4.6 Russia Internet of Things Insurance Market Size, 2018-2029
6.4.7 Nordic Countries Internet of Things Insurance Market Size, 2018-2029
6.4.8 Benelux Internet of Things Insurance Market Size, 2018-2029
6.5 Asia
6.5.1 By Region - Asia Internet of Things Insurance Revenue, 2018-2029
6.5.2 China Internet of Things Insurance Market Size, 2018-2029
6.5.3 Japan Internet of Things Insurance Market Size, 2018-2029
6.5.4 South Korea Internet of Things Insurance Market Size, 2018-2029
6.5.5 Southeast Asia Internet of Things Insurance Market Size, 2018-2029
6.5.6 India Internet of Things Insurance Market Size, 2018-2029
6.6 South America
6.6.1 By Country - South America Internet of Things Insurance Revenue, 2018-2029
6.6.2 Brazil Internet of Things Insurance Market Size, 2018-2029
6.6.3 Argentina Internet of Things Insurance Market Size, 2018-2029
6.7 Middle East & Africa
6.7.1 By Country - Middle East & Africa Internet of Things Insurance Revenue, 2018-2029
6.7.2 Turkey Internet of Things Insurance Market Size, 2018-2029
6.7.3 Israel Internet of Things Insurance Market Size, 2018-2029
6.7.4 Saudi Arabia Internet of Things Insurance Market Size, 2018-2029
6.7.5 UAE Internet of Things Insurance Market Size, 2018-2029
7 Internet of Things Insurance Companies Profiles
7.1 IBM Corporation
7.1.1 IBM Corporation Company Summary
7.1.2 IBM Corporation Business Overview
7.1.3 IBM Corporation Internet of Things Insurance Major Product Offerings
7.1.4 IBM Corporation Internet of Things Insurance Revenue in Global Market (2018-2023)
7.1.5 IBM Corporation Key News & Latest Developments
7.2 SAP SE
7.2.1 SAP SE Company Summary
7.2.2 SAP SE Business Overview
7.2.3 SAP SE Internet of Things Insurance Major Product Offerings
7.2.4 SAP SE Internet of Things Insurance Revenue in Global Market (2018-2023)
7.2.5 SAP SE Key News & Latest Developments
7.3 Oracle Corporation
7.3.1 Oracle Corporation Company Summary
7.3.2 Oracle Corporation Business Overview
7.3.3 Oracle Corporation Internet of Things Insurance Major Product Offerings
7.3.4 Oracle Corporation Internet of Things Insurance Revenue in Global Market (2018-2023)
7.3.5 Oracle Corporation Key News & Latest Developments
7.4 Google
7.4.1 Google Company Summary
7.4.2 Google Business Overview
7.4.3 Google Internet of Things Insurance Major Product Offerings
7.4.4 Google Internet of Things Insurance Revenue in Global Market (2018-2023)
7.4.5 Google Key News & Latest Developments
7.5 Microsoft Corporation
7.5.1 Microsoft Corporation Company Summary
7.5.2 Microsoft Corporation Business Overview
7.5.3 Microsoft Corporation Internet of Things Insurance Major Product Offerings
7.5.4 Microsoft Corporation Internet of Things Insurance Revenue in Global Market (2018-2023)
7.5.5 Microsoft Corporation Key News & Latest Developments
7.6 Cisco System
7.6.1 Cisco System Company Summary
7.6.2 Cisco System Business Overview
7.6.3 Cisco System Internet of Things Insurance Major Product Offerings
7.6.4 Cisco System Internet of Things Insurance Revenue in Global Market (2018-2023)
7.6.5 Cisco System Key News & Latest Developments
7.7 Accenture PLC
7.7.1 Accenture PLC Company Summary
7.7.2 Accenture PLC Business Overview
7.7.3 Accenture PLC Internet of Things Insurance Major Product Offerings
7.7.4 Accenture PLC Internet of Things Insurance Revenue in Global Market (2018-2023)
7.7.5 Accenture PLC Key News & Latest Developments
7.8 Verisk Analytics
7.8.1 Verisk Analytics Company Summary
7.8.2 Verisk Analytics Business Overview
7.8.3 Verisk Analytics Internet of Things Insurance Major Product Offerings
7.8.4 Verisk Analytics Internet of Things Insurance Revenue in Global Market (2018-2023)
7.8.5 Verisk Analytics Key News & Latest Developments
7.9 Concirrus
7.9.1 Concirrus Company Summary
7.9.2 Concirrus Business Overview
7.9.3 Concirrus Internet of Things Insurance Major Product Offerings
7.9.4 Concirrus Internet of Things Insurance Revenue in Global Market (2018-2023)
7.9.5 Concirrus Key News & Latest Developments
7.10 Zonoff
7.10.1 Zonoff Company Summary
7.10.2 Zonoff Business Overview
7.10.3 Zonoff Internet of Things Insurance Major Product Offerings
7.10.4 Zonoff Internet of Things Insurance Revenue in Global Market (2018-2023)
7.10.5 Zonoff Key News & Latest Developments
8 Conclusion
9 Appendix
9.1 Note
9.2 Examples of Clients
9.3 Disclaimer
LIST OF TABLES & FIGURES
List of Tables
Table 1. Internet of Things Insurance Market Opportunities & Trends in Global Market
Table 2. Internet of Things Insurance Market Drivers in Global Market
Table 3. Internet of Things Insurance Market Restraints in Global Market
Table 4. Key Players of Internet of Things Insurance in Global Market
Table 5. Top Internet of Things Insurance Players in Global Market, Ranking by Revenue (2022)
Table 6. Global Internet of Things Insurance Revenue by Companies, (US$, Mn), 2018-2023
Table 7. Global Internet of Things Insurance Revenue Share by Companies, 2018-2023
Table 8. Global Companies Internet of Things Insurance Product Type
Table 9. List of Global Tier 1 Internet of Things Insurance Companies, Revenue (US$, Mn) in 2022 and Market Share
Table 10. List of Global Tier 2 and Tier 3 Internet of Things Insurance Companies, Revenue (US$, Mn) in 2022 and Market Share
Table 11. By Type ? Global Internet of Things Insurance Revenue, (US$, Mn), 2022 & 2029
Table 12. By Type - Internet of Things Insurance Revenue in Global (US$, Mn), 2018-2023
Table 13. By Type - Internet of Things Insurance Revenue in Global (US$, Mn), 2024-2029
Table 14. By Application ? Global Internet of Things Insurance Revenue, (US$, Mn), 2022 & 2029
Table 15. By Application - Internet of Things Insurance Revenue in Global (US$, Mn), 2018-2023
Table 16. By Application - Internet of Things Insurance Revenue in Global (US$, Mn), 2024-2029
Table 17. By Region ? Global Internet of Things Insurance Revenue, (US$, Mn), 2022 & 2029
Table 18. By Region - Global Internet of Things Insurance Revenue (US$, Mn), 2018-2023
Table 19. By Region - Global Internet of Things Insurance Revenue (US$, Mn), 2024-2029
Table 20. By Country - North America Internet of Things Insurance Revenue, (US$, Mn), 2018-2023
Table 21. By Country - North America Internet of Things Insurance Revenue, (US$, Mn), 2024-2029
Table 22. By Country - Europe Internet of Things Insurance Revenue, (US$, Mn), 2018-2023
Table 23. By Country - Europe Internet of Things Insurance Revenue, (US$, Mn), 2024-2029
Table 24. By Region - Asia Internet of Things Insurance Revenue, (US$, Mn), 2018-2023
Table 25. By Region - Asia Internet of Things Insurance Revenue, (US$, Mn), 2024-2029
Table 26. By Country - South America Internet of Things Insurance Revenue, (US$, Mn), 2018-2023
Table 27. By Country - South America Internet of Things Insurance Revenue, (US$, Mn), 2024-2029
Table 28. By Country - Middle East & Africa Internet of Things Insurance Revenue, (US$, Mn), 2018-2023
Table 29. By Country - Middle East & Africa Internet of Things Insurance Revenue, (US$, Mn), 2024-2029
Table 30. IBM Corporation Company Summary
Table 31. IBM Corporation Internet of Things Insurance Product Offerings
Table 32. IBM Corporation Internet of Things Insurance Revenue (US$, Mn) & (2018-2023)
Table 33. IBM Corporation Key News & Latest Developments
Table 34. SAP SE Company Summary
Table 35. SAP SE Internet of Things Insurance Product Offerings
Table 36. SAP SE Internet of Things Insurance Revenue (US$, Mn) & (2018-2023)
Table 37. SAP SE Key News & Latest Developments
Table 38. Oracle Corporation Company Summary
Table 39. Oracle Corporation Internet of Things Insurance Product Offerings
Table 40. Oracle Corporation Internet of Things Insurance Revenue (US$, Mn) & (2018-2023)
Table 41. Oracle Corporation Key News & Latest Developments
Table 42. Google Company Summary
Table 43. Google Internet of Things Insurance Product Offerings
Table 44. Google Internet of Things Insurance Revenue (US$, Mn) & (2018-2023)
Table 45. Google Key News & Latest Developments
Table 46. Microsoft Corporation Company Summary
Table 47. Microsoft Corporation Internet of Things Insurance Product Offerings
Table 48. Microsoft Corporation Internet of Things Insurance Revenue (US$, Mn) & (2018-2023)
Table 49. Microsoft Corporation Key News & Latest Developments
Table 50. Cisco System Company Summary
Table 51. Cisco System Internet of Things Insurance Product Offerings
Table 52. Cisco System Internet of Things Insurance Revenue (US$, Mn) & (2018-2023)
Table 53. Cisco System Key News & Latest Developments
Table 54. Accenture PLC Company Summary
Table 55. Accenture PLC Internet of Things Insurance Product Offerings
Table 56. Accenture PLC Internet of Things Insurance Revenue (US$, Mn) & (2018-2023)
Table 57. Accenture PLC Key News & Latest Developments
Table 58. Verisk Analytics Company Summary
Table 59. Verisk Analytics Internet of Things Insurance Product Offerings
Table 60. Verisk Analytics Internet of Things Insurance Revenue (US$, Mn) & (2018-2023)
Table 61. Verisk Analytics Key News & Latest Developments
Table 62. Concirrus Company Summary
Table 63. Concirrus Internet of Things Insurance Product Offerings
Table 64. Concirrus Internet of Things Insurance Revenue (US$, Mn) & (2018-2023)
Table 65. Concirrus Key News & Latest Developments
Table 66. Zonoff Company Summary
Table 67. Zonoff Internet of Things Insurance Product Offerings
Table 68. Zonoff Internet of Things Insurance Revenue (US$, Mn) & (2018-2023)
Table 69. Zonoff Key News & Latest Developments
List of Figures
Figure 1. Internet of Things Insurance Segment by Type in 2022
Figure 2. Internet of Things Insurance Segment by Application in 2022
Figure 3. Global Internet of Things Insurance Market Overview: 2022
Figure 4. Key Caveats
Figure 5. Global Internet of Things Insurance Market Size: 2022 VS 2029 (US$, Mn)
Figure 6. Global Internet of Things Insurance Revenue, 2018-2029 (US$, Mn)
Figure 7. The Top 3 and 5 Players Market Share by Internet of Things Insurance Revenue in 2022
Figure 8. By Type - Global Internet of Things Insurance Revenue Market Share, 2018-2029
Figure 9. By Application - Global Internet of Things Insurance Revenue Market Share, 2018-2029
Figure 10. By Type - Global Internet of Things Insurance Revenue, (US$, Mn), 2022 & 2029
Figure 11. By Type - Global Internet of Things Insurance Revenue Market Share, 2018-2029
Figure 12. By Application - Global Internet of Things Insurance Revenue, (US$, Mn), 2022 & 2029
Figure 13. By Application - Global Internet of Things Insurance Revenue Market Share, 2018-2029
Figure 14. By Region - Global Internet of Things Insurance Revenue Market Share, 2018-2029
Figure 15. By Country - North America Internet of Things Insurance Revenue Market Share, 2018-2029
Figure 16. US Internet of Things Insurance Revenue, (US$, Mn), 2018-2029
Figure 17. Canada Internet of Things Insurance Revenue, (US$, Mn), 2018-2029
Figure 18. Mexico Internet of Things Insurance Revenue, (US$, Mn), 2018-2029
Figure 19. By Country - Europe Internet of Things Insurance Revenue Market Share, 2018-2029
Figure 20. Germany Internet of Things Insurance Revenue, (US$, Mn), 2018-2029
Figure 21. France Internet of Things Insurance Revenue, (US$, Mn), 2018-2029
Figure 22. U.K. Internet of Things Insurance Revenue, (US$, Mn), 2018-2029
Figure 23. Italy Internet of Things Insurance Revenue, (US$, Mn), 2018-2029
Figure 24. Russia Internet of Things Insurance Revenue, (US$, Mn), 2018-2029
Figure 25. Nordic Countries Internet of Things Insurance Revenue, (US$, Mn), 2018-2029
Figure 26. Benelux Internet of Things Insurance Revenue, (US$, Mn), 2018-2029
Figure 27. By Region - Asia Internet of Things Insurance Revenue Market Share, 2018-2029
Figure 28. China Internet of Things Insurance Revenue, (US$, Mn), 2018-2029
Figure 29. Japan Internet of Things Insurance Revenue, (US$, Mn), 2018-2029
Figure 30. South Korea Internet of Things Insurance Revenue, (US$, Mn), 2018-2029
Figure 31. Southeast Asia Internet of Things Insurance Revenue, (US$, Mn), 2018-2029
Figure 32. India Internet of Things Insurance Revenue, (US$, Mn), 2018-2029
Figure 33. By Country - South America Internet of Things Insurance Revenue Market Share, 2018-2029
Figure 34. Brazil Internet of Things Insurance Revenue, (US$, Mn), 2018-2029
Figure 35. Argentina Internet of Things Insurance Revenue, (US$, Mn), 2018-2029
Figure 36. By Country - Middle East & Africa Internet of Things Insurance Revenue Market Share, 2018-2029
Figure 37. Turkey Internet of Things Insurance Revenue, (US$, Mn), 2018-2029
Figure 38. Israel Internet of Things Insurance Revenue, (US$, Mn), 2018-2029
Figure 39. Saudi Arabia Internet of Things Insurance Revenue, (US$, Mn), 2018-2029
Figure 40. UAE Internet of Things Insurance Revenue, (US$, Mn), 2018-2029
Figure 41. IBM Corporation Internet of Things Insurance Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 42. SAP SE Internet of Things Insurance Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 43. Oracle Corporation Internet of Things Insurance Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 44. Google Internet of Things Insurance Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 45. Microsoft Corporation Internet of Things Insurance Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 46. Cisco System Internet of Things Insurance Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 47. Accenture PLC Internet of Things Insurance Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 48. Verisk Analytics Internet of Things Insurance Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 49. Concirrus Internet of Things Insurance Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 50. Zonoff Internet of Things Insurance Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
