North America usage based insurance market is growing with healthy CAGR of 19.3% in the forecast period of 2019 to 2026.
The report titled North America Usage Based Insurance is one of the most comprehensive and important additions to Data Bridge Market Research archive of market research studies. It offers detailed research and analysis of key aspects of the North America Usage Based Insurance market. The market analysts authoring this report have provided in-depth information on leading growth drivers, restraints, challenges, trends, and opportunities to offer a complete analysis of the North America Usage Based Insurance market. Market participants can use the analysis on market dynamics to plan effective growth strategies and prepare for future challenges beforehand. Each trend of the North America Usage Based Insurance market is carefully analyzed and researched about by the market analysts. Furthermore, it comes out as a powerful resource providing up to date and verified information and data on various aspects of the global market. It also provides complete professional and extensive analysis of global North America Usage Based Insurance Market demand, standardization, deployment models, business challenges, industry opportunities and historical data with expert opinions.
As name suggested usage based insurance is calculated by how corresponding vehicle is driven. In other words, usage based insurance is a kind of auto-insurance which totally depends on vehicle used, measured against time, distance, behaviour, place and others. These all usages can be measure using telematics technology; the technology is available in from of mobile application, pre-installed in the car’s network or it can be installed in USB port of the vehicle. Usage based insurance and telematics technology has wide range of benefits such as reverse gear indication, tracking of speeding, seat belt use, harsh braking, acceleration control, driver coaching by voice and others. These all benefits have potential to reduce road accidents.
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Companies Profiled in this report includes, Intelligent Mechatronic Systems Inc., TrueMotion, Cambridge Mobile Telematics, Insure The Box Limited, Progressive Casualty Insurance Company, Modus Group, LLC, Inseego Corp, Metromile Inc., The Floow Limited, Vodafone, Allstate Insurance Company, Octo Group, , TomTom International, Allianz, AXA Equitable Life Insurance Company, , Liberty Mutual Insurance, Verizon, Sierra Wireless, , Mapfre, Movitrack Viasat, Inc., ASSICURAZIONI GENERALI S.P.A., and UNIPOLSAI ASSICURAZIONI S.P.A.
Segmentation: North America Usage Based Insurance Market
North America usage-based insurance market is segmented into six notable segments which are package type, vehicle type, device offering, technology, vehicle age, and electric & hybrid vehicle.
- On the basis of package type, the market is segmented into pay-as-you-drive (PAYD), pay-how-you-drive (PHYD), and manage-how-you-drive (MHYD). In 2019, the pay-as-you-drive (PAYD), market is growing at the CAGR of 19.6% in the forecast period of 2019-2026.
- On the basis of vehicle type, the market is segmented into light-duty vehicle (LDV) and heavy-duty vehicles (HDV). In 2018, light-duty vehicle (LDV) market is growing with the highest CAGR of 19.8% in the forecast period of 2019 to 2026.
- On the basis of device offering, the market is segmented into company provided and bring your own device (BYOD). The company provided market is growing at the CAGR of 18.7% in the forecast period of 2019-2026.
- On the basis of technology, the market is segmented into OBD-II, smartphone, embedded system, black box and others. In 2018, embedded system market is growing with the highest CAGR of 20.2% in the forecast period of 2019 to 2026.
- On the basis of vehicle age, the market is segmented into new vehicles and on-road vehicles. In 2018, on-road vehicles market is growing with the highest CAGR of 19.8% in the forecast period of 2019 to 2026.
- On the basis of electric and hybrid vehicle, the market is segmented into hybrid electric vehicle (HEV), plug-in hybrid vehicle (PHEV) and battery electric vehicle (BEV).In 2018 Battery Electric Vehicle (BEV) market is growing with the highest CAGR of 20.1% in the forecast period of 2019 to 2026.
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This section of the report discusses various drivers and restrains that have shaped the global market. The detailed study of numerous drivers of the market enable readers to get a clear perspective of the market, which includes market environment, government policies, product innovations, breakthroughs, and market risks.
The research report also points out the myriad opportunities, challenges, and market barriers present in the Global Market. The comprehensive nature of the information will help the reader determine and plan strategies to benefit from. Restrains, challenges, and market barriers also help the reader to understand how the company can prevent itself from facing downfall.
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Deep insights about regulatory and investment scenarios of the Market
Analysis of market effect factors and their impact on the forecast and outlook of the global Market
A roadmap of growth opportunities available in the global Market with the identification of key factors
The exhaustive analysis of various trends of the global Market to help identify market developments
Table of Content
1 Introduction of Market
1.1 Overview of the Market
1.2 Scope of Report
2 Executive Summaries
3 Research Methodology of Data Bridge Market Research
3.1 Data Mining
3.3 Primary Interviews
3.4 List of Data Sources
4 Market Outlook
4.2 Market Dynamics
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Market, By Deployment Model
6 Market, By Solution
7 Market, By Vertical
8 Market, By Geography
8.2 North America
8.3.4 Rest of Europe
8.4 Asia Pacific
8.4.4 Rest of Asia Pacific
8.5 Rest of the World
8.5.1 Latin America
8.5.2 Middle East
9 Competitive Landscape
9.2 Company Market Ranking
9.3 Key Development Strategies
10 Company Profiles
10.1.2 Financial Performance
10.1.3 Product Outlook
10.1.4 Key Developments
11.1 Related Research
New Business Strategies, Challenges & Policies are mentioned in Table of Content, Request Detailed [email protected]
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