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Insurance Telematics Market worth 2.21 Billion USD by 2020

The insurance telematics market size is expected to grow from USD 857.2 Million in 2015 to USD 2.21 Billion in 2020, at a Compound Annual Growth Rate (CAGR) of 20.9%.

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Insurance Telematics Market worth 2.21 Billion USD by 2020

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  1. Insurance Telematics Market worth 2.21 Billion USD by 2020

  2. Scope of The Report The research report categorizes the Insurance Telematics Market to forecast the revenues and analyse the trends in each of the following sub segments: • Insurance telematics service vendors • System integrators • IT developers • Third party vendors • Cloud service providers • Network operators • Infrastructure provider • Government • Regulatory and compliance agencies • Cloud • On-Premises • Small and Medium Enterprises (SMEs) • Large Enterprises By Target audience ByOrganization size ByDeployment type And More…

  3. Report Objectives The deployment of insurance telematics applications on cloud or dedicated data canter infrastructure has been an upward trend. 1 Consumer’s enthusiasm for in-car connectivity, growth of smartphone penetration, and increase in the regulatory compliances and regulations are the major factors driving the insurance telematics market. 2 Furthermore, the market is expected to be driven by opportunities such as the growth in IoT and increased demand for telematics solutions in insurance and automotive sector. 3 A dedicated data center is also provided by the insurance telematics applications providers, which boosts in-house integrations and reduces the additional overhead of third-party integration. 4 5 North America is rapidly deploying insurance telematics applications due to dynamic insurance market environment combined with the growing need of new innovative insurance plans.

  4. Market Growth Rate The overall market size in this study has been defined by considering the revenues generated by the vendors which offer storage software solution. 2015 2020 CAGR Market Size of $857.2 million 19.9% Market Size of $ 2.21 million

  5. Key Artificial Intelligence in Retail Players • Verizon Enterprise Solutions • TOMTOM Telematics (TOMTOM) • Trimble Navigation • Mix Telematics • Sierra Wireless • Telogis View Report Here - https://www.marketsandmarkets.com/Market-Reports/insurance-telematics-market-261649737.html

  6. Major Regions • North America • Europe • Latin America • MEA • Asia Pacific The overall storage software market size has been further segmented into user types which are present across all the regions, namely North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America.

  7. Stay in touch Our Report Covers – Market Scenarios, Vendor landscape & Industry Road Maps. Get Free 10% Customization in this report sales@marketsandmarkets.com Or you can visit us: https://www.marketsandmarkets.com/ USA address MarketsandMarkets™ INC.630 Dundee Road Suite 430 Northbrook, IL 60062 USA : +1-888-600-6441 Corporate Headquarters MarketsandMarkets™ Research Private Ltd. Tower B5, office 101,Magarpatta SEZ,Hadapsar, Pune-411013, India+1-888-600-6441

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