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Insurance Telematics Market by Deployment Type, End User (Small and Medium Enterprises, and Large Enterprises), and by Region (North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America) - Global Forecast and Analysis to 2020

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Date: 14-Dec-2015
No. of pages: 110
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“Smartphone penetration and consumer’s enthusiasm for in-car connectivity to drive the insurance telematics market”

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%. Consumer’s enthusiasm for in-car connectivity and growth of smartphone penetration in insurance and automobile sector are among the factors driving the insurance telematics market. The other factor driving the growth of the insurance telematics market is the increase in regulatory compliances and regulations. 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.

“Large enterprises are estimated to contribute the largest market share duing the forecast period”

Owing to the emergence of digital channels and evolution of technological advancement in cloud and mobile business operations, data infringement issues, and operational risks, large enterprises are investing heavily in these solutions to simplify their insurance process and sustain competitive advantage. Insurance telematics cloud deployment is expected to grow with the highest rate from 2015 to 2020. However, on-premises deployment is expected to contribute the largest market share during the forecast period.

Asia-Pacific (APAC) is expected to be the fastest growing market in the insurnace telematics market

In terms of regions, the insurance telematics market is segmented into five major regional segments, namely, North America, APAC, Europe, Latin America, and Middle East and Africa (MEA). Out of the five major regions, APAC is likely to lead the market in terms of market growth, followed by Latin America. Whereas, North America will continue to have the largest market share during the forecast period. However, the increased need to introduce innovative insurance plans such as UBI, PAYDAYS, and PHYD and induce control and visibility mechanisms has led to a wider demand among insurance and automotive enterprises for insurance telematics applications in the APAC region.

Breakdown of Primaries:

In the process of determining and verifying the market size for several segments and sub-segments gathered using secondary research, extensive primary interviews were conducted. Various key people in Tier 1, Tier 2, and Tier 3 companies were contacted for primary interviews. The interviews were conducted with CEOs, CIOs, vice presidents, marketing directors, insurance telematics technologists, and other innovation and technology directors and executives from various key organizations operating in the insurance telematics marketplace. Primary interviews were conducted worldwide covering North America, Europe, APAC,MEA, and Latin America.

Distribution of primary interviews is as follows


  • By Company Type: Tier 1- 55%, Tier2-20%, and Tier 3-25%

  • By Designation: C-Level-60%, Director Level-25%, and Others*-15%

  • By Region: North America-10%, Europe-20%, Asia-Pacific-40%, and RoW-30%


Note: *Others include sales managers, marketing managers, and product managers

The tier of the companies is defined on the basis of their total revenue, as of 2013: Tier 1 = >USD 10 billion, Tier 2 = USD 1 billion to USD 10 billion and Tier 3 =

Various key insurance telematics vendors and service providers profiled in the report are as follows:


  • Octo Telematics

  • Sierra Wireless, Inc.

  • Agero Inc.

  • Telogis

  • TomTom Telematics.

  • Trimble Navigation

  • Verizon Enterprise Solutions

  • Aplicom

  • MiX Telematics

  • Masternaut Limited


The report will help the market leaders/new entrants in this market in the following ways:


  • This report segments the insurance telematics market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the sub-segments across different verticals and regions.

  • The report helps stakeholders to understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.

  • This report will help stakeholders to better understand the competitors and gain more insights to better their position in the business. The competitive landscape section includes competitor ecosystem, new product developments, partnerships, mergers and acquisitions.

Insurance Telematics Market by Deployment Type, End User (Small and Medium Enterprises, and Large Enterprises), and by Region (North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America) - Global Forecast and Analysis to 2020

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Year Considered for the Study
1.4 Currency
1.5 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Key Data From Secondary Sources
2.1.3 Primary Data
2.1.4 Key Data From Primary Sources
2.1.4.1 Key Industry Insights
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown and Data Triangulation
2.3.1 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Market Opportunities in Insurance Telematics Market
4.2 Insurance Telematics Market, Between 2015-2020
4.3 Insurance Telematics Market,  By Deployment Type and By Region, 2015
4.4 Lifecycle Analysis, By Region, 2015

5 Market Overview
5.1 Introduction
5.1.1 By Deployment Type
5.1.2 By End User
5.1.3 By Region
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Consumer’s Enthusiasm for In-Car Connectivity
5.2.1.2 Growth of Smartphone Penetration
5.2.1.3 Decreasing Cost of Connectivity Solutions
5.2.1.4 Increase in Regulatory Compliance and Regulations
5.2.1.5 Increased Traction for Risk Assessment and Management
5.2.2 Restraints
5.2.2.1 Privacy Concerns Associated With Private Data of Individuals
5.2.2.2 Lack of Standardized System
5.2.3 Opportunities
5.2.3.1 Growing Impetus to Internet of Things (IoT)
5.2.3.2 Increased Demand of Insurance Telematics Across the Insurance and Automotive Sector
5.2.4 Challenges
5.2.4.1 Educating Consumers About Insurance Telematics
5.2.4.2 Security Issues Associated With Cloud and Mobile Technologies

6 Industry Trends
6.1 Introduction
6.2 Insurance Telematics Market: Value Chain Analysis
6.3 Porter’s Five Forces Analysis
6.3.1 Threat of New Entrants
6.3.2 Threat of Substitutes
6.3.3 Bargaining Power of Suppliers
6.3.4 Bargaining Power of Buyers
6.3.5 Intensity of Competitive Rivalry

7 Insurance Telematics Market Analysis, By Deployment Type
7.1 7.1 Introduction
7.2 Cloud
7.3 On-Premises

8 Insurance Telematics Market Analysis, By End User
8.1 Introduction
8.2 SMES
8.3 Large Enterprises

9 Geographic Analysis
9.1 Introduction
9.2 North America
9.3 Europe
9.4 Asia-Pacific
9.5 Middle East and Africa
9.6 Latin America

10 Competitive Landscape
10.1 Overview
10.2 Competitive Situation and Trends
10.2.1 New Product Launches
10.2.2 Partnerships, Agreements, and Collaborations
10.2.3 Mergers and Acquisitions
10.2.4 New Contracts

11 Company Profiles
11.1 Introduction
11.2 Verizon Enterprise Solutions
11.2.1 Business Overview
11.2.2 Solutions Offered
11.2.3 Recent Developments
11.2.4 MnM View
11.2.4.1 SWOT Analysis
11.2.4.2 Key Strategies
11.3 Tomtom  Telematics (Tomtom)
11.3.1 Business Overview
11.3.2 Solutions Offered
11.3.3 Recent Developments
11.3.4 MnM View
11.3.4.1 SWOT Analysis
11.3.4.2 Key Strategies
11.4 Trimble Navigation
11.4.1 Business Overview
11.4.2 Solutions Offered
11.4.3 Recent Developments
11.4.4 MnM View
11.4.4.1 SWOT Analysis
11.4.4.2 Key Strategies
11.5 Telogis
11.5.1 Business Overview
11.5.2 Solutions Offered
11.5.3 Recent Developments
11.5.4 MnM View
11.5.4.1 Key Strategies
11.6 Masternaut Limited
11.6.1 Business Overview
11.6.2 Solutions Offered
11.6.3 Recent Developments
11.6.4 MnM View
11.6.4.1 Key Strategies
11.7 Mix Telematics
11.7.1 Business Overview
11.7.2 Solutions Offered
11.7.3 Recent Developments
11.7.4 MnM View
11.7.4.1 Key Strategies
11.8 Agero Inc.
11.8.1 Business Overview
11.8.2 Solutions Offered
11.8.3 Recent Developments
11.8.4 MnM View
11.8.4.1 Key Strategies
11.9 Aplicom OY
11.9.1 Business Overview
11.9.2 Solutions Offered
11.9.3 Recent Developments
11.9.4 MnM View
11.9.4.1 Key Strategies
11.10 Octo Telematics
11.10.1 Business Overview
11.10.2 Solutions Offered
11.10.3 Recent Developments
11.10.4 MnM View
11.10.4.1 Key Strategies
11.11 Sierra Wireless
11.11.1 Business Overview
11.11.2 Solutions Offered
11.11.3 Recent Developments
11.11.4 MnM View
11.11.4.1 Key Strategies

12 Appendix
12.1 Industry Excerpts
12.1.1 New Product Developments
12.1.2 Partnerships, Agreements and Collaborations
12.2 Discussion Guide
12.3 Introducing RT: Real-Time Market Intelligence
12.4 Available Customizations
12.5 Related Reports

List of Tables

Table 1 Insurance Telematics  Market: Assumptions
Table 2 Insurance Telematics Market, 2015-2020 (USD Million, Y-O-Y %)
Table 3 Insurance Telematics Market: Analysis of Drivers
Table 4 Insurance Telematics Market: Analysis of Restraints
Table 5 Insurance Telematics Market: Analysis of Opportunities
Table 6 Insurance Telematics Market: Analysis of Challenges
Table 7 Insurance Telematics Market Size, By Deployment Type, 2013–2020 (USD Million)
Table 8 Cloud: Insurance Telematics Market Size, By Deployment Type, 2013–2020 (USD Million)
Table 9 Cloud: Insurance Telematics Market Size, By Region, 2013–2020 (USD Million)
Table 10 On-Premises: Insurance Telematics Market Size, By Deployment  Type, 2013–2020 (USD Million)
Table 11 On-Premises: Insurance Telematics Market Size, By Region, 2013–2020 (USD Million)
Table 12 Insurance Telematics Market Size, By End User, 2013–2020 (USD Million)
Table 13 SMES: Insurance Telematics Market Size, By Deployment Type, 2013–2020 (USD Million)
Table 14 SMES: Insurance Telematics Market Size, By Region, 2013–2020 (USD Million)
Table 15 Large Enterprises: Insurance Telematics Market Size, By Deployment Type, 2013–2020 (USD Million)
Table 16 Large Enterprises: Insurance Telematics Market Size, By Region, 2013–2020 (USD Million)
Table 17 Insurance Telematics Market Size, By Region, 2013–2020 (USD Million)
Table 18 North America: Insurance Telematics Market Size, By End User, 2013–2020 (USD Million)
Table 19 North America: Insurance Telematics Market Size, By Deployment Type, 2013–2020 (USD Million)
Table 20 Europe: Insurance Telematics Market Size, By End User, 2013–2020 (USD Million)
Table 21 Europe: Insurance Telematics Market Size, By Deployment Type, 2013–2020 (USD Million)
Table 22 Asia-Pacific: Insurance Telematics Market Size, By End User, 2013–2020 (USD Million)
Table 23 Asia-Pacific: Insurance Telematics Market Size, By Deployment Type, 2013–2020 (USD Million)
Table 24 Middle East and Africa: Insurance Telematics Market Size, By End User, 2013–2020 (USD Million)
Table 25 Middle East and Africa: Insurance Telematics Market Size, By Deployment Type, 2013–2020 (USD Million)
Table 26 Latin America: Insurance Telematics Market Size, By End User, 2013–2020 (USD Million)
Table 27 Latin America: Insurance Telematics Market Size, By Deployment Type, 2013–2020 (USD Million)
Table 28 New Product Developments, 2013–2015
Table 29 Partnerships, Agreements, and Collaborations, 2013–2015
Table 30 Mergers and Acquisitions, 2013–2015
Table 31 New Contracts, 2013–2015
Table 32 Partnerships, Agreements and Collaborations, 2012–2014

List of Figures

Figure 1 Global Insurance Telematics Market: Research Design
Figure 2 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Market Breakdown Data Triangulation Approach
Figure 6 Insurance Telematics  Market Size, By Deployment Type (2015 vs. 2020): On-Premises to Lead the Insurance Telematics  Market
Figure 7 Insurance Telematics Market Size, By End User (2015 vs. 2020): Large Enterprises Will Continue Dominating the Market
Figure 8 North America Dominates the Insurance Telematics Market While Asia-Pacific and Latin America Projecting Potential Growth, 2015
Figure 9 Growing Impetus of IoT  Will Act as an Attractive Market Opportunity
Figure 10 Enterprises Accounted for the Largest Market Size in the Insurance Telematics Market Between 2015-2020
Figure 11 North America Will Continue to Dominate the Insurance Telematics Market
Figure 12 Latin America and APAC are Expected to Have High Growth Rate During the Forecast Period
Figure 13 Insurance Telematics Market Segmentation: By Deployment Type
Figure 14 Insurance Telematics Market Segmentation: By End User
Figure 15 Insurance Telematics Market Segmentation: By Region
Figure 16 Insurance Telematics: Drivers, Restraints, Opportunities, and Challenges
Figure 17 Value Chain Analysis
Figure 18 Porter’s Five Forces Analysis: Insurance Telematics Market
Figure 19 Cloud Deployment Market Size is Expected to More Than Double By 2020
Figure 20 SMES Will Exhibit Higher Growth Rate in the Insurance Telematics Market During the Forecast Period
Figure 21 North America Will Continue to Have the Largest Market Size in the Insurance Telematics Market During the Forecast Period 2015–2020
Figure 22 Geographic Snapshot: Asia-Pacific is Emerging as A New Hotspot in the Insurance Telematics Market
Figure 23 Asia-Pacific is the Fastest Growing Market in the Insurance Telematics Market, By End User
Figure 24 North America Market Snapshot: Increased Traction Among Verticals Will Drive the Market
Figure 25 Asia-Pacific Market Snapshot: Increased Traction Among Growing Economies Will Drive the Market
Figure 26 Companies Adopted New Product Developments and Partnerships, Agreements, and Collaborations as the Key Growth Strategies From 2013 to 2015
Figure 27 Market Evaluation Framework
Figure 28 Battle for Market Share: New Product Launches Was the Key Strategy Adopted By Players
Figure 29 Geographic Revenue Mix of Major Players
Figure 30 Verizon Enterprise Solutions: Company Snapshot
Figure 31 Verizon Enterprise Solutions: SWOT Analysis
Figure 32 Tomtom Telematics: Company Snapshot
Figure 33 SWOT Analysis: Tomtom Telematics
Figure 34 Trimble Navigation: Company Snapshot
Figure 35 SWOT Analysis: Trimble Navigation
Figure 36 Telogis: Company Snapshot
Figure 37 Masternaut Limited: Company Snapshot
Figure 38 Mix Telematics: Company Snapshot
Figure 39 Agero, Inc.: Company Snapshot
Figure 40 Aplicom Oy: Company Snapshot
Figure 41 Octo Telematics: Company Snapshot
Figure 42 Sierra Wireless: Company Snapshot

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