Global Usage-Based Insurance Market Research Report 2017-2021, is structured with comprehensive market analysis and industry expert’s recommendations. Analysts Forecast Global Usage-Based Insurance Market to Grow at 7.93% CAGR during the Period 2017-2021. To calculate the market size, the report presents in-depth research of the market by key vendor landscape, way of study, synthesis, and summary of data from various sources.
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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.
Leading Key Vendors of Usage-Based Insurance Market:
Intelligent Mechatronic System
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Other prominent vendors are:
Highlights of Report:
Market driver: Government initiatives encouraging use of telematics
Market challenge: Maintenance of data accuracy for optimum UBI scores
Market trend: Shared data plans to reduce number of data subscriptions per user
This research report spread over 76 Pages including table of contents provides key statistics on the market status of the Usage-Based Insurance manufacturers as a valuable source of guidance and direction for companies and individuals interested. Usage-Based Insurance Industry Report covers the present scenario and the growth prospects of the Market for 2017-2021. Overall Market Regional analysis contain America, APAC and EMEA.
Major Exhibits mentioned in Usage-Based Insurance market report:
Five forces analysis
Business revenue (% share)
Application (millions of units)
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The report provides in depth research of the Usage-Based Insurance industry including definitions, segmentation, applications, key players, market drivers and market challenges. The report then estimates 2017-2021 market development trends along with providing Usage-Based Insurance market analysis for the international markets including development trends, competitive landscape analysis, and key regions development status
In the end, the report makes some important proposals for a new project of Usage-Based Insurance market before evaluating its feasibility. The Usage-Based Insurance market report also presents the growth prospects and a corresponding detailed analysis of the major companies operating in the market.