Insurance Telematics Market:
WiseGuyReports.com adds “Insurance Telematics Global Market Report 2020-26” reports to its database.
Executive Summary
Global Insurance Telematics Market is valued approximately at USD 1.9 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 18.5% over the forecast period 2020-2026. The COVID-19 pandemic is problematic to insurance industry, as government released the protocols to stay at home. COVID-19 also disrupts an insurer’s client service and financial advisors because of the temporary shutdown and force to do work from home across the globe. The insurers have adapted driver monitoring technology, known as telematics, to recognize safe drivers and reward them with the abridged car insurance policies. The telematics has various benefits including safety & security services such as automatic crash notification, and medical assistance. The insurance works with the installment of the small devices in the client’s cars that collect data and records speed patterns, braking patterns, and distance traveled, to analyze the driving skills. This data helps insurers to estimate the cost of the insurance with each aspect having an effect on the paying price for the insurance. Drivers participating in the program can access the data online, giving them the opportunity to positively change their driving behavior and reduce premiums. The consumer’s enthusiasm for in-car connectivity, growth of smartphone penetration, decreasing cost of connectivity solutions, increase in regulatory compliance and regulations and increased traction for risk assessment and management are the few factors responsible for growth of the market over the forecast period. For instance: Around 66% of individuals used smartphones in 2018, an increase from 63% in 2017 and 58% in 2016, globally, as per Zenith’s Mobile Advertising Forecasts 2017. However, privacy concerns associated with data of individuals is the major factor restraining the growth of global Insurance Telematics market during the forecast period.
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The regional analysis of global Insurance Telematics market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the rapidly deploying the insurance telematics solutions due to the dynamic market environment. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2026.
Major market player included in this report are:
Verizon Enterprise Solutions
TOMTOM Telematics (TOMTOM)
Trimble Inc.
Mix Telematics
Sierra Wireless
Telogis
Masternaut Limited
Agero Inc.
Aplicom OY
Octo Telematics
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Pay-as-you-drive
Pay-how-you-drive
By Deployment Mode:
Cloud
On-Premise
By Offering:
Hardware
Software
By End-User Industry:
Passenger Vehicle
Commercial Vehicle
Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017, 2018
Base year – 2019
Forecast period – 2020 to 2026
Target Audience of the Global Insurance Telematics Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
Continuous…
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Polysilicon Market:WiseGuyReports.com adds “Global Polysilicon Market Size, Status and Forecast 2020-2025” reports to its database.Executive SummaryThe Global Polysilicon Market valued at USD 7426 million in the year 2019 has been witnessing unprecedented growth.
Massive investments in expansion of solar capacity across the globe is a key driving factor for the growth of the Polysilicon market.
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This is generating remarkable demand for solar panels across the globe.
The growth of the Polysilicon industry will however be slowed down because of the COVID-19 pandemic, which has completely halted all industries including manufacturing and logistics.Among the Application segment in the Polysilicon market (Solar Photovoltaic and Semiconductors), Solar Photovoltaic has been gaining popularity among other segments and is expected to keep major market share in the forecast period because of the adoption of energy sources that are sustainable.
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Market Research Future Published a Half-Cooked Research Report on Global Ink Resins Market Research Report - Global Forecast Till 2025 Global Ink Resins Market – SegmentationsThe Covid-19 Ink Resins Market Analysis has been segmented into four main dynamics to widen the scope of understanding,By Type: Modified Resin, Cellulose, Acrylic, Polyamide, Hydrocarbon, Polyurethane, and others.By Printing Process: Flexographic, Lithographic, Gravure, Digital, Letterpress, and others.By Application: Printing & Publication, Corrugated Boards, Flexible Packaging, and others.By Regions: Americas, Europe, Asia-Pacific, Middle East & Africa, and Rest-of-the-World.Global Ink Resins Market - Competitive LandscapeHighly competitive, the Ink Resins Market appears to be fragmented due to the presence of several large and small-scale players.
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The largest market share attributes to the growing demand from the packaging industry and expanding production capacities in the region.
Besides, factors such as the rising trend of on-the-go packaged food items & online shopping and the burgeoning eCommerce market in the region drive the market growth substantially.The presence of dynamically emerging economies in the region such as India, Japan, China, Singapore, and South Korea impacts the regional market growth positively.
