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  5. > Insurance Telematics Market by Deployment Type, End User, and by Region - Global Forecast and Analysis to 2020

“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:
1. Octo Telematics
2. Sierra Wireless, Inc.
3. Agero Inc.
4. Telogis
5. TomTom Telematics.
6. Trimble Navigation
7. Verizon Enterprise Solutions
8. Aplicom
9. MiX Telematics
10. Masternaut Limited

The report will help the market leaders/new entrants in this market in the following ways:
1. 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.
2. The report helps stakeholders to understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.
3. 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.

Table Of Contents

Insurance Telematics Market by Deployment Type, End User, and by Region - Global Forecast and Analysis to 2020
TABLE OF CONTENTS

1 INTRODUCTION 12
1.1 OBJECTIVES OF THE STUDY 12
1.2 MARKET DEFINITION 12
1.3 MARKET SCOPE 13
1.3.1 MARKETS COVERED 13
1.3.2 YEAR CONSIDERED FOR THE STUDY 14
1.4 CURRENCY 14
1.5 STAKEHOLDERS 14
1.6 LIMITATION 14
2 RESEARCH METHODOLOGY 15
2.1 RESEARCH DATA 15
2.1.1 SECONDARY DATA 16
2.1.1.1 key data from secondary sources 16
2.1.2 PRIMARY DATA 16
2.1.2.1 key data from primary sources 17
2.1.2.2 Key industry insights 18
2.1.2.3 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION 18
2.2 MARKET SIZE ESTIMATION 19
2.2.1 BOTTOM-UP APPROACH 19
2.2.2 TOP-DOWN APPROACH 20
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 21
2.4 RESEARCH ASSUMPTIONS 22
3 EXECUTIVE SUMMARY 23
4 PREMIUM INSIGHTS 26
4.1 ATTRACTIVE MARKET OPPORTUNITIES IN INSURANCE TELEMATICS MARKET 26
4.2 INSURANCE TELEMATICS MARKET, 2015-2020 26
4.3 INSURANCE TELEMATICS MARKET, BY DEPLOYMENT TYPE AND BY REGION, 2015 27
4.4 LIFECYCLE ANALYSIS, BY REGION, 2015 28
5 MARKET OVERVIEW 29
5.1 INTRODUCTION 30
5.1.1 BY DEPLOYMENT TYPE 30
5.1.2 BY END USER 30
5.1.3 BY REGION 31

5.2 MARKET DYNAMICS 31
5.2.1 DRIVERS 32
5.2.1.1 Consumer's enthusiasm for in-car connectivity 32
5.2.1.2 Growth of smartphone penetration 32
5.2.1.3 Decreasing cost of connectivity solutions 32
5.2.1.4 Increase in regulatory compliance and regulations 32
5.2.1.5 Increased traction for risk assessment and management 33
5.2.2 RESTRAINTS 34
5.2.2.1 Privacy concerns associated with private data of individuals 34
5.2.2.2 Lack of standardized system 34
5.2.3 OPPORTUNITIES 34
5.2.3.1 Growing impetus to IoT 34
5.2.3.2 Increased demand of insurance telematics across the insurance and automotive sector 35
5.2.4 CHALLENGES 35
5.2.4.1 Educating consumers about insurance telematics 35
5.2.4.2 Security issues associated with cloud and mobile technologies 35
6 INDUSTRY TRENDS 37
6.1 INTRODUCTION 37
6.2 VALUE CHAIN ANALYSIS 37
6.3 PORTER'S FIVE FORCES ANALYSIS 38
6.3.1 THREAT OF NEW ENTRANTS 39
6.3.2 THREAT OF SUBSTITUTES 39
6.3.3 BARGAINING POWER OF SUPPLIERS 39
6.3.4 BARGAINING POWER OF BUYERS 40
6.3.5 INTENSITY OF COMPETITIVE RIVALRY 40
7 INSURANCE TELEMATICS MARKET ANALYSIS, BY DEPLOYMENT TYPE 41
7.1 INTRODUCTION 42
7.2 CLOUD 43
7.3 ON-PREMISES 44
8 INSURANCE TELEMATICS MARKET ANALYSIS, BY END USER 46
8.1 INTRODUCTION 47
8.2 SME 48
8.3 LARGE ENTERPRISES 49
9 GEOGRAPHIC ANALYSIS 51
9.1 INTRODUCTION 52
9.2 NORTH AMERICA 54
9.3 EUROPE 57
9.4 ASIA-PACIFIC 60
9.5 MIDDLE EAST AND AFRICA 63
9.6 LATIN AMERICA 64
10 COMPETITIVE LANDSCAPE 65
10.1 OVERVIEW 65
10.2 COMPETITIVE SITUATION AND TRENDS 66
10.2.1 NEW PRODUCT LAUNCHES 67
10.2.2 PARTNERSHIPS, AGREEMENTS, AND COLLABORATIONS 68
10.2.3 MERGERS AND ACQUISITIONS 69
10.2.4 NEW CONTRACTS 70
11 COMPANY PROFILES 71
(Business Overview, Products and Services, Key Insights, Recent Developments, SWOT Analysis, MnM View)*
11.1 INTRODUCTION 71
11.2 VERIZON ENTERPRISE SOLUTIONS 72
11.3 TOMTOM TELEMATICS (TOMTOM) 75
11.4 TRIMBLE NAVIGATION 78
11.5 MIX TELEMATICS 81
11.6 SIERRA WIRELESS 84
11.7 TELOGIS 87
11.8 MASTERNAUT LIMITED 89
11.9 AGERO INC. 91
11.10 APLICOM OY 93
11.11 OCTO TELEMATICS 95
*Details on Business Overview, Products and Services, Key Insights, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.
12 APPENDIX 97
12.1 INDUSTRY EXCERPTS 97
12.2 MORE DEVELOPMENTS 98
12.2.1 NEW PRODUCT DEVELOPMENTS 98
12.2.2 PARTNERSHIPS, AGREEMENTS AND COLLABORATIONS 99
12.3 DISCUSSION GUIDE 100
12.4 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 103
12.5 AVAILABLE CUSTOMIZATIONS 104
12.6 RELATED REPORTS 105
LIST OF TABLES

TABLE 1 INSURANCE TELEMATICS MARKET, 2013-2020 (USD MILLION, Y-O-Y %) 23
TABLE 2 DRIVERS: IMPACT ANALYSIS 33
TABLE 3 RESTRAINTS: IMPACT ANALYSIS 34
TABLE 4 OPPORTUNITIES: IMPACT ANALYSIS 35
TABLE 5 CHALLENGES: IMPACT ANALYSIS 36
TABLE 6 INSURANCE TELEMATICS MARKET SIZE, BY DEPLOYMENT TYPE,
2013-2020 (USD MILLION) 42
TABLE 7 CLOUD: INSURANCE TELEMATICS MARKET SIZE, BY END USER,
2013-2020 (USD MILLION) 43
TABLE 8 CLOUD: INSURANCE TELEMATICS MARKET SIZE, BY REGION,
2013-2020 (USD MILLION) 43
TABLE 9 ON-PREMISES: INSURANCE TELEMATICS MARKET SIZE, BY END USER,
2013-2020 (USD MILLION) 44
TABLE 10 ON-PREMISES: INSURANCE TELEMATICS MARKET SIZE, BY REGION,
2013-2020 (USD MILLION) 45
TABLE 11 INSURANCE TELEMATICS MARKET SIZE, BY END USER,
2013-2020 (USD MILLION) 47
TABLE 12 SME: INSURANCE TELEMATICS MARKET SIZE, BY DEPLOYMENT TYPE,
2013-2020 (USD MILLION) 48
TABLE 13 SME: INSURANCE TELEMATICS MARKET SIZE, BY REGION,
2013-2020 (USD MILLION) 48
TABLE 14 LARGE ENTERPRISE: INSURANCE TELEMATICS MARKET SIZE, BY DEPLOYMENT TYPE, 2013-2020 (USD MILLION) 49
TABLE 15 LARGE ENTERPRISE: INSURANCE TELEMATICS MARKET SIZE, BY REGION,
2013-2020 (USD MILLION) 50
TABLE 16 INSURANCE TELEMATICS MARKET SIZE, BY REGION, 2013-2020 (USD MILLION) 54
TABLE 17 NORTH AMERICA: INSURANCE TELEMATICS MARKET SIZE, BY END USER,
2013-2020 (USD MILLION) 55
TABLE 18 NORTH AMERICA: INSURANCE TELEMATICS MARKET SIZE, BY DEPLOYMENT TYPE, 2013-2020 (USD MILLION) 56
TABLE 19 NORTH AMERICA: INSURANCE TELEMATICS MARKET SIZE, BY COUNTRY,
2013-2020 (USD MILLION) 56
TABLE 20 UNITED STATES: INSURANCE TELEMATICS MARKET SIZE, BY END USER,
2013-2020 (USD MILLION) 56
TABLE 21 CANADA: INSURANCE TELEMATICS MARKET SIZE, BY END USER,
2013-2020 (USD MILLION) 57
TABLE 22 EUROPE: INSURANCE TELEMATICS MARKET SIZE, BY END USER,
2013-2020 (USD MILLION) 57
TABLE 23 EUROPE: INSURANCE TELEMATICS MARKET SIZE, BY DEPLOYMENT TYPE,
2013-2020 (USD MILLION) 58
TABLE 24 EUROPE: INSURANCE TELEMATICS MARKET SIZE, BY COUNTRY,
2013-2020 (USD MILLION) 58
TABLE 25 UNITED KINGDOM: INSURANCE TELEMATICS MARKET SIZE, BY END USER,
2013-2020 (USD MILLION) 59
TABLE 26 GERMANY: INSURANCE TELEMATICS MARKET SIZE, BY END USER,
2013-2020 (USD MILLION) 59
TABLE 27 OTHERS: INSURANCE TELEMATICS MARKET SIZE, BY END USER,
2013-2020 (USD MILLION) 59
TABLE 28 ASIA-PACIFIC: INSURANCE TELEMATICS MARKET SIZE, BY END USER,
2013-2020 (USD MILLION) 61
TABLE 29 ASIA-PACIFIC: INSURANCE TELEMATICS MARKET SIZE, BY DEPLOYMENT TYPE, 2013-2020 (USD MILLION) 61
TABLE 30 ASIA-PACIFIC: INSURANCE TELEMATICS MARKET SIZE, BY COUNTRY,
2013-2020 (USD MILLION) 61
TABLE 31 CHINA: INSURANCE TELEMATICS MARKET SIZE, BY END USER,
2013-2020 (USD MILLION) 62
TABLE 32 JAPAN: INSURANCE TELEMATICS MARKET SIZE, BY END USER,
2013-2020 (USD MILLION) 62
TABLE 33 OTHERS: INSURANCE TELEMATICS MARKET SIZE, BY END USER,
2013-2020 (USD MILLION) 62
TABLE 34 MIDDLE EAST AND AFRICA: INSURANCE TELEMATICS MARKET SIZE, BY END USER, 2013-2020 (USD MILLION) 63
TABLE 35 MIDDLE EAST AND AFRICA: INSURANCE TELEMATICS MARKET SIZE,
BY DEPLOYMENT TYPE, 2013-2020 (USD MILLION) 63
TABLE 36 LATIN AMERICA: INSURANCE TELEMATICS MARKET SIZE, BY END USER,
2013-2020 (USD MILLION) 64
TABLE 37 LATIN AMERICA: INSURANCE TELEMATICS MARKET SIZE, BY DEPLOYMENT TYPE, 2013-2020 (USD MILLION) 64
TABLE 38 NEW PRODUCT DEVELOPMENTS, 2013-2015 67
TABLE 39 PARTNERSHIPS, AGREEMENTS, AND COLLABORATIONS, 2013-2015 68
TABLE 40 MERGERS AND ACQUISITIONS, 2013-2015 69
TABLE 41 NEW CONTRACTS, 2013-2015 70
TABLE 42 NEW PRODUCT DEVELOPMENTS, 2012-2014 98
TABLE 43 PARTNERSHIPS, AGREEMENTS AND COLLABORATIONS, 2012-2014 99
LIST OF FIGURES

FIGURE 1 GLOBAL INSURANCE TELEMATICS MARKET: RESEARCH DESIGN 15
FIGURE 2 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 19
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 20
FIGURE 4 MARKET BREAKDOWN AND DATA TRIANGULATION APPROACH 21
FIGURE 5 INSURANCE TELEMATICS MARKET: ASSUMPTIONS 22
FIGURE 6 INSURANCE TELEMATICS MARKET SIZE, BY DEPLOYMENT TYPE (2015 VS. 2020): ON-PREMISES IS EXPECTED TO LEAD THE INSURANCE TELEMATICS MARKET 24
FIGURE 7 INSURANCE TELEMATICS MARKET SIZE, BY END USER (2015 VS. 2020): LARGE ENTERPRISES WILL CONTINUE DOMINATING THE MARKET 24
FIGURE 8 NORTH AMERICA DOMINATES THE INSURANCE TELEMATICS MARKET WHILE ASIA-PACIFIC AND LATIN AMERICA PROJECTING POTENTIAL GROWTH, 2015 25
FIGURE 9 GROWING IMPETUS OF IOT IS EXPECTED TO ACT AS AN ATTRACTIVE MARKET OPPORTUNITY 26
FIGURE 10 LARGE ENTERPRISES ARE EXPECTED TO ACCOUNT FOR THE LARGEST MARKET SHARE IN THE INSURANCE TELEMATICS MARKET DURING THE FORECAST PERIOD 26
FIGURE 11 NORTH AMERICA IS EXPECTED TO DOMINATE THE INSURANCE TELEMATICS MARKET 27
FIGURE 12 ASIA-PACIFC IS EXPECTED TO BE IN THE HIGH GROWTH PHASE IN THE COMING YEARS 28
FIGURE 13 INSURANCE TELEMATICS MARKET SEGMENTATION: BY DEPLOYMENT TYPE 30
FIGURE 14 INSURANCE TELEMATICS MARKET SEGMENTATION: BY END USER 30
FIGURE 15 INSURANCE TELEMATICS MARKET SEGMENTATION: BY REGION 31
FIGURE 16 INSURANCE TELEMATICS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES,
AND CHALLENGES 31
FIGURE 17 VALUE CHAIN ANALYSIS 37
FIGURE 18 PORTER'S FIVE FORCES ANALYSIS: INSURANCE TELEMATICS MARKET 38
FIGURE 19 CLOUD DEPLOYMENT MARKET SIZE IS EXPECTED TO GROW SIGNIFICANTLY DURING THE FORECAST PERIOD 42
FIGURE 20 SME SEGMENT IS EXPECTED TO EXHIBIT HIGHER GROWTH RATE IN THE INSURANCE TELEMATICS MARKET DURING THE FORECAST PERIOD 47
FIGURE 21 ASIA-PACIFIC IS EMERGING AS A NEW HOTSPOT IN THE INSURANCE TELEMATICS MARKET 52
FIGURE 22 GEOGRAPHIC SNAPSHOT: NORTH AMERICA IS EXPECTED TO CONTINUE TO HAVE THE LARGEST MARKET SIZE DURING THE FORECAST PERIOD 53
FIGURE 23 ASIA-PACIFIC IS THE FASTEST GROWING MARKET IN THE INSURANCE TELEMATICS MARKET, BY END USER 53
FIGURE 24 NORTH AMERICA MARKET SNAPSHOT 55
FIGURE 25 ASIA-PACIFIC MARKET SNAPSHOT 60
FIGURE 26 COMPANIES ADOPTED NEW PRODUCT DEVELOPMENTS AND PARTNERSHIPS, AGREEMENTS, AND COLLABORATIONS AS THE KEY GROWTH STRATEGIES FROM 2013 TO 2015 65
FIGURE 27 MARKET EVALUATION FRAMEWORK 66
FIGURE 28 BATTLE FOR MARKET SHARE: NEW PRODUCT LAUNCHES WAS THE KEY STRATEGY ADOPTED BY PLAYERS 67
FIGURE 29 GEOGRAPHIC REVENUE MIX OF MAJOR PLAYERS 71
FIGURE 30 VERIZON ENTERPRISE SOLUTIONS: COMPANY SNAPSHOT 72
FIGURE 31 VERIZON ENTERPRISE SOLUTIONS: SWOT ANALYSIS 73
FIGURE 32 TOMTOM TELEMATICS: COMPANY SNAPSHOT 75
FIGURE 33 TOMTOM TELEMATICS: SWOT ANALYSIS 76
FIGURE 34 TRIMBLE NAVIGATION: COMPANY SNAPSHOT 78
FIGURE 35 TRIMBLE NAVIGATION: SWOT ANALYSIS 80
FIGURE 36 MIX TELEMATICS: COMPANY SNAPSHOT 81
FIGURE 37 MIX TELEMATICS: SWOT ANALYSIS 82
FIGURE 38 SIERRA WIRELESS: COMPANY SNAPSHOT 84
FIGURE 39 SIERRA WIRELESS: SWOT ANALYSIS 86

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