IoT保険市場レポート：保険タイプ、コンポーネント、用途、地域別、2024-2032

世界のIoT保険市場規模は2023年に370億米ドルに達しました。今後、IMARC Groupは、2024年から2032年にかけて30.38%の成長率（CAGR）を示し、2032年までに4,301億米ドルに達すると予測しています。同市場は、データ分析によるリスク軽減への注目の高まり、資産の状態を監視するための企業によるIoTデバイスの利用増加、テレマティクス技術の登場などにより、着実な成長を遂げています。

IoT保険市場の分析：

市場の成長と規模I：oT保険市場は、様々な産業におけるIoT技術の採用増加により、世界的に力強い成長を遂げています。さらに、IoTデバイスが普及し、保険会社がリアルタイムデータを活用してパーソナライズされた補償を提供するようになるにつれて、今後も拡大が続くと予想されます。

技術の進歩：より洗練されたIoT機器と高度なデータ分析ツールの開発により、保険会社はリアルタイムでデータを収集、分析、活用できるようになり、より正確なリスク評価と顧客体験の向上につながります。

産業用途：IoT保険アプリケーションは、安全性、効率性、保険商品のカスタマイズ性を向上させるため、自動車、運輸、生命保険、損害保険、ビジネス、農業など、さまざまな分野に広がっています。

地理的動向：北米はIoT保険の導入において明確な優位性を示しており、確立された市場と規制によるサポートがあります。また、ラテンアメリカやアジア太平洋などの新興地域でも、IoT保険のメリットに対する認識が高まり、徐々にIoT保険の導入が進んでいます。

競合情勢：IoT保険市場の主要プレーヤーは、革新的なソリューションを積極的に模索し、IoTデバイス・メーカーと協力し、サービス・ポートフォリオを拡大しています。こうしたダイナミックなアプローチにより、保険業界のオピニオンリーダーとしての地位を確立しています。

課題と機会：データ・セキュリティとプライバシーに関する懸念の高まり、規制の複雑さ、堅牢なインフラの必要性が、この市場の主な課題です。さらに、IoTデータの統合による革新的な保険商品の創出、保険金請求処理の合理化、リスク管理の強化が、市場の見通しを良好なものにしています。

将来の展望：IoT保険の将来は有望であり、各業界で継続的な成長と導入が見込まれています。さらに、いくつかの保険会社は、IoT技術を通じて顧客エンゲージメントを強化し、よりパーソナライズされた保険を提供することに継続的に注力しています。

IoT保険市場の動向：

リスク軽減への注力

データ分析によるリスク軽減への注目の高まりは、市場の成長に寄与する主な要因の1つです。コネクテッド・ビークル、ウェアラブル・フィットネス・トラッカー、スマート・ホーム・センサーなどのIoTデバイスは、保険会社がリスクを効果的に評価・管理するために活用できる豊富なデータを生成します。さらに、これらのデバイスからリアルタイムでデータを収集・分析することで、保険会社は顧客の行動、運転習慣、ライフスタイルの選択についてより深い洞察を得ることができます。このようなデータ主導のアプローチにより、保険会社はより正確な保険料の設定、個人に合わせた補償の提供、保険契約者がより安全な方法を採用する動機付けを行うことができます。自動車に搭載されたIoTデバイスは、速度、アクセル、ブレーキのパターンなどの運転行動を追跡・監視します。保険会社はこのデータを利用することで、安全な 促進要因には保険料を安くして報いることができ、より多くの顧客層を惹きつけることができます。さらに、保険会社はリスクのある行動を特定し、契約者に習慣を改善するための指導やインセンティブを提供することで、事故や保険金請求の可能性を減らすことができます。

伝統的な保険分野以外への拡大

農業保険におけるモノのインターネット（IoT）の出現は、市場の成長を後押ししています。土壌センサー、ウェザーステーション、GPSトラッカーなどのIoT機器は、作物の状態、天候パターン、機器の性能に関するデータを収集するために広く使用されています。保険会社はこのデータを利用して、干ばつ、洪水、機器の故障などのリスクから農家をカバーする専門的な保険を提供することができます。さらに、機械、車両、在庫などの資産の状態を監視するための企業によるIoTデバイスの利用が増加しており、市場の見通しは良好です。保険会社は、これらの資産を損害、盗難、ダウンタイムから保護する保険を提供することができます。さらに、保険会社は、デバイスから生成されるデータを分析することで、企業が業務を最適化し、リスクを軽減するのを支援することができます。さらに、IoTはヘルスケア分野における革新的な保険商品の開発を後押ししています。ヘルスケアプロバイダーと提携することで、健康的なライフスタイルを維持することで保険契約者に報酬が支払われる保険を提供することができます。さらに、ウェアラブル端末や健康アプリは運動、食事、睡眠パターンを追跡できるため、保険会社は保険料の割引やウェルネス報酬などのインセンティブを提供できます。

自動車保険におけるテレマティクス

テレマティクス技術の登場は、特に自動車保険分野におけるIoT保険の成長に影響を与えています。テレマティクス・デバイスは多くの場合自動車に搭載され、運転行動や車両性能に関するデータを収集します。このデータは保険会社に送信され、保険会社はリスクを評価し、保険契約者にフィードバックを提供することができます。さらに、テレマティクスは、スピード違反、急ブレーキ、加速パターンなどの要因を監視し、保険会社が危険な行動を特定するのに役立ちます。さらに、テレマティクスは事故が発生した際にも利用でき、事故に至るまでの状況に関する貴重な情報を提供することができます。このデータは保険金請求処理を迅速化し、保険会社が事故原因をより深く理解するのに役立ち、より正確な保険金請求査定につながります。保険会社は事故原因を迅速に特定し、賠償責任を評価し、保険契約者への支払いを迅速に行うことができます。さらに、このデータを使って事故を正確に再現し、事故調査や保険金請求査定に貴重な知見を提供することができます。さらに、テレマティクス・デバイスのデータを分析することで、保険会社は保険契約者の行動が事故につながったかどうかを判断することができます。

目次

第1章 序文

第2章 調査範囲と調査手法

• 調査目的
• 利害関係者
• データソース
  • 一次情報
  • 二次情報
• 市場推定
  • ボトムアップアプローチ
  • トップダウンアプローチ
• 調査手法

第3章 エグゼクティブサマリー

第4章 イントロダクション

• 概要
• 主要産業動向

第5章 世界のIoT保険市場

• 市場概要
• 市場実績
• COVID-19の影響
• 市場予測

第6章 市場内訳：保険タイプ別

• 生命保険と医療保険
  • 市場動向
  • 市場予測
• 損害保険
  • 市場動向
  • 市場予測
• その他
  • 市場動向
  • 市場予測

第7章 市場内訳：コンポーネント別

• ソリューション
  • 市場動向
  • 市場予測
• サービス
  • 市場動向
  • 市場予測

第8章 市場内訳：用途別

• 自動車、運輸、物流
  • 市場動向
  • 市場予測
• 生活と健康
  • 市場動向
  • 市場予測
• 商業ビルと住宅
  • 市場動向
  • 市場予測
• ビジネスと企業
  • 市場動向
  • 市場予測
• 農業
  • 市場動向
  • 市場予測
• その他
  • 市場動向
  • 市場予測

第9章 市場内訳：地域別

• 北米
  • 米国
    • 市場動向
    • 市場予測
  • カナダ
    • 市場動向
    • 市場予測
• アジア太平洋
  • 中国
    • 市場動向
    • 市場予測
  • 日本
    • 市場動向
    • 市場予測
  • インド
    • 市場動向
    • 市場予測
  • 韓国
    • 市場動向
    • 市場予測
  • オーストラリア
    • 市場動向
    • 市場予測
  • インドネシア
    • 市場動向
    • 市場予測
  • その他
    • 市場動向
    • 市場予測
• 欧州
  • ドイツ
    • 市場動向
    • 市場予測
  • フランス
    • 市場動向
    • 市場予測
  • 英国
    • 市場動向
    • 市場予測
  • イタリア
    • 市場動向
    • 市場予測
  • スペイン
    • 市場動向
    • 市場予測
  • ロシア
    • 市場動向
    • 市場予測
  • その他
    • 市場動向
    • 市場予測
• ラテンアメリカ
  • ブラジル
    • 市場動向
    • 市場予測
  • メキシコ
    • 市場動向
    • 市場予測
  • その他
    • 市場動向
    • 市場予測
• 中東・アフリカ地域
  • 市場動向
  • 市場内訳：国別
  • 市場予測

第10章 SWOT分析

• 概要
• 強み
• 弱み
• 機会
• 脅威

第11章 バリューチェーン分析

第12章 ポーターのファイブフォース分析

• 概要
• 買い手の交渉力
• 供給企業の交渉力
• 競合の程度
• 新規参入業者の脅威
• 代替品の脅威

第13章 価格分析

第14章 競合情勢

• 市場構造
• 主要企業
• 主要企業のプロファイル
  • Accenture plc
  • Allerin
  • Capgemini SE
  • Cognizant
  • Concirrus
  • Intel Corporation
  • International Business Machines Corporation
  • Microsoft Corporation
  • Sas Institute Inc.
  • Telit
  • Verisk Analytics Inc.
  • Wipro Limited

List of Figures

• Figure 1: Global: IoT Insurance Market: Major Drivers and Challenges
• Figure 2: Global: IoT Insurance Market: Sales Value (in Billion US$), 2018-2023
• Figure 3: Global: IoT Insurance Market Forecast: Sales Value (in Billion US$), 2024-2032
• Figure 4: Global: IoT Insurance Market: Breakup by Insurance Type (in %), 2023
• Figure 5: Global: IoT Insurance Market: Breakup by Component (in %), 2023
• Figure 6: Global: IoT Insurance Market: Breakup by Application (in %), 2023
• Figure 7: Global: IoT Insurance Market: Breakup by Region (in %), 2023
• Figure 8: Global: IoT Insurance (Life and Health Insurance) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 9: Global: IoT Insurance (Life and Health Insurance) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 10: Global: IoT Insurance (Property and Casualty Insurance) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 11: Global: IoT Insurance (Property and Casualty Insurance) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 12: Global: IoT Insurance (Other Insurance Types) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 13: Global: IoT Insurance (Other Insurance Types) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 14: Global: IoT Insurance (Solution) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 15: Global: IoT Insurance (Solution) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 16: Global: IoT Insurance (Service) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 17: Global: IoT Insurance (Service) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 18: Global: IoT Insurance (Automotive, Transportation and Logistics) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 19: Global: IoT Insurance (Automotive, Transportation and Logistics) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 20: Global: IoT Insurance (Life and Health) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 21: Global: IoT Insurance (Life and Health) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 22: Global: IoT Insurance (Commercial and Residential Buildings) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 23: Global: IoT Insurance (Commercial and Residential Buildings) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 24: Global: IoT Insurance (Business and Enterprise) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 25: Global: IoT Insurance (Business and Enterprise) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 26: Global: IoT Insurance (Agriculture) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 27: Global: IoT Insurance (Agriculture) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 28: Global: IoT Insurance (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 29: Global: IoT Insurance (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 30: North America: IoT Insurance Market: Sales Value (in Million US$), 2018 & 2023
• Figure 31: North America: IoT Insurance Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 32: United States: IoT Insurance Market: Sales Value (in Million US$), 2018 & 2023
• Figure 33: United States: IoT Insurance Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 34: Canada: IoT Insurance Market: Sales Value (in Million US$), 2018 & 2023
• Figure 35: Canada: IoT Insurance Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 36: Asia-Pacific: IoT Insurance Market: Sales Value (in Million US$), 2018 & 2023
• Figure 37: Asia-Pacific: IoT Insurance Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 38: China: IoT Insurance Market: Sales Value (in Million US$), 2018 & 2023
• Figure 39: China: IoT Insurance Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 40: Japan: IoT Insurance Market: Sales Value (in Million US$), 2018 & 2023
• Figure 41: Japan: IoT Insurance Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 42: India: IoT Insurance Market: Sales Value (in Million US$), 2018 & 2023
• Figure 43: India: IoT Insurance Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 44: South Korea: IoT Insurance Market: Sales Value (in Million US$), 2018 & 2023
• Figure 45: South Korea: IoT Insurance Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 46: Australia: IoT Insurance Market: Sales Value (in Million US$), 2018 & 2023
• Figure 47: Australia: IoT Insurance Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 48: Indonesia: IoT Insurance Market: Sales Value (in Million US$), 2018 & 2023
• Figure 49: Indonesia: IoT Insurance Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 50: Others: IoT Insurance Market: Sales Value (in Million US$), 2018 & 2023
• Figure 51: Others: IoT Insurance Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 52: Europe: IoT Insurance Market: Sales Value (in Million US$), 2018 & 2023
• Figure 53: Europe: IoT Insurance Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 54: Germany: IoT Insurance Market: Sales Value (in Million US$), 2018 & 2023
• Figure 55: Germany: IoT Insurance Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 56: France: IoT Insurance Market: Sales Value (in Million US$), 2018 & 2023
• Figure 57: France: IoT Insurance Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 58: United Kingdom: IoT Insurance Market: Sales Value (in Million US$), 2018 & 2023
• Figure 59: United Kingdom: IoT Insurance Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 60: Italy: IoT Insurance Market: Sales Value (in Million US$), 2018 & 2023
• Figure 61: Italy: IoT Insurance Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 62: Spain: IoT Insurance Market: Sales Value (in Million US$), 2018 & 2023
• Figure 63: Spain: IoT Insurance Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 64: Russia: IoT Insurance Market: Sales Value (in Million US$), 2018 & 2023
• Figure 65: Russia: IoT Insurance Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 66: Others: IoT Insurance Market: Sales Value (in Million US$), 2018 & 2023
• Figure 67: Others: IoT Insurance Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 68: Latin America: IoT Insurance Market: Sales Value (in Million US$), 2018 & 2023
• Figure 69: Latin America: IoT Insurance Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 70: Brazil: IoT Insurance Market: Sales Value (in Million US$), 2018 & 2023
• Figure 71: Brazil: IoT Insurance Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 72: Mexico: IoT Insurance Market: Sales Value (in Million US$), 2018 & 2023
• Figure 73: Mexico: IoT Insurance Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 74: Others: IoT Insurance Market: Sales Value (in Million US$), 2018 & 2023
• Figure 75: Others: IoT Insurance Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 76: Middle East and Africa: IoT Insurance Market: Sales Value (in Million US$), 2018 & 2023
• Figure 77: Middle East and Africa: IoT Insurance Market: Breakup by Country (in %), 2023
• Figure 78: Middle East and Africa: IoT Insurance Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 79: Global: IoT Insurance Industry: SWOT Analysis
• Figure 80: Global: IoT Insurance Industry: Value Chain Analysis
• Figure 81: Global: IoT Insurance Industry: Porter's Five Forces Analysis

List of Tables

• Table 1: Global: IoT Insurance Market: Key Industry Highlights, 2023 and 2032
• Table 2: Global: IoT Insurance Market Forecast: Breakup by Insurance Type (in Million US$), 2024-2032
• Table 3: Global: IoT Insurance Market Forecast: Breakup by Component (in Million US$), 2024-2032
• Table 4: Global: IoT Insurance Market Forecast: Breakup by Application (in Million US$), 2024-2032
• Table 5: Global: IoT Insurance Market Forecast: Breakup by Region (in Million US$), 2024-2032
• Table 6: Global: IoT Insurance Market: Competitive Structure
• Table 7: Global: IoT Insurance Market: Key Players

The global IoT insurance market size reached US$ 37.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 430.1 Billion by 2032, exhibiting a growth rate (CAGR) of 30.38% during 2024-2032. The market is experiencing steady growth driven by the increasing focus on risk mitigation through data analytics, rising use of IoT devices by businesses to monitor the condition of their assets, and the advent of telematics technology.

IoT Insurance Market Analysis:

Market Growth and Size: The IoT insurance market is experiencing robust growth globally, driven by the increasing adoption of IoT technology in various industries. Furthermore, it is expected to continue expanding as IoT devices become more prevalent and insurers leverage real-time data for personalized coverage.

Technological Advancements: The development of more sophisticated IoT devices and advanced data analytics tools is allowing insurers to collect, analyze, and utilize data in real-time, leading to more accurate risk assessment and enhanced customer experiences.

Industry Applications: IoT insurance applications span diverse sectors, such as automotive, transportation, life and health, property and casualty, business, and agriculture for improving safety, efficiency, and the customization of insurance products.

Geographical Trends: North America exhibits a clear dominance in IoT insurance adoption, with established markets and regulatory support. In addition, emerging regions like Latin America and Asia Pacific are gradually adopting IoT insurance, driven by increased awareness of its benefits.

Competitive Landscape: Key players in the IoT insurance market are actively exploring innovative solutions, collaborating with IoT device manufacturers, and expanding service portfolios. This dynamic approach positions them as thought leaders in the insurance industry.

Challenges and Opportunities: The increasing data security and privacy concerns, regulatory complexities, and the need for robust infrastructure are the major challenges of the market. Moreover, the integration of IoT data to create innovative insurance products, streamline claims processing, and enhance risk management is offering a favorable market outlook.

Future Outlook: The future of IoT insurance looks promising, with continued growth and adoption across industries. Furthermore, several insurers are continuously focusing on enhancing customer engagement and offering more personalized coverage through IoT technology.

IoT Insurance Market Trends:

Focus On Risk Mitigation

The increasing focus on risk mitigation through data analytics represents one of the primary factors contributing to the growth of the market. IoT devices, such as connected vehicles, wearable fitness trackers, and smart home sensors, generate a wealth of data that insurers can leverage to assess and manage risks effectively. Additionally, it allows insurance companies to gain deeper insights into customer behavior, driving habits, and lifestyle choices by collecting and analyzing real-time data from these devices. This data-driven approach allows insurers to price policies more accurately, offer personalized coverage, and incentivize policyholders to adopt safer practices. IoT devices in automobiles track and monitor driving behavior, including speed, acceleration, and braking patterns. Insurers can use this data to reward safe drivers with lower premiums, thereby attracting a larger customer base. Moreover, insurers can identify risky behaviors and offer guidance or incentives to policyholders to improve their habits, reducing the likelihood of accidents and claims.

Expansion Beyond Traditional Insurance Lines

The emergence of the Internet of Things (IoT) in agriculture insurance is favoring the market growth. IoT devices, such as soil sensors, weather stations, and GPS trackers, are widely used to collect data on crop conditions, weather patterns, and equipment performance. Insurers can use this data to offer specialized policies that cover farmers against risks like droughts, floods, or equipment breakdowns. In addition, the increasing use of IoT devices by businesses to monitor the condition of their assets, such as machinery, vehicles, and inventory is offering a favorable market outlook. Insurers can offer policies that protect these assets against damage, theft, or downtime. Furthermore, insurers can help businesses optimize their operations and reduce risks by analyzing the data generated by devices. Furthermore, IoT is supporting the development of innovative insurance products in the healthcare sector. Insurers can partner with healthcare providers to offer policies that reward policyholders for maintaining a healthy lifestyle. Moreover, wearable devices and health apps can track exercise, diet, and sleep patterns, allowing insurers to offer incentives such as premium discounts or wellness rewards.

Telematics in Automobile Insurance

The advent of telematics technology is influencing the growth of IoT insurance, particularly in the automobile insurance sector. Telematics devices, often installed in vehicles, collect data on driving behavior and vehicle performance. This data is transmitted to insurers, allowing them to assess risk and provide feedback to policyholders. Additionally, telematics can monitor factors like speeding, harsh braking, and acceleration patterns, helping insurers identify risky behaviors. Furthermore, telematics can be used in the event of an accident to provide valuable information about the circumstances leading up to the crash. This data can expedite claims processing and help insurers better understand accident causation, leading to more accurate claims assessments. Insurers can quickly determine the cause of the accident, assess liability, and expedite payments to policyholders. Additionally, this data can be used to reconstruct accidents accurately, providing valuable insights for accident investigation and claims assessment. Moreover, by analyzing the data from telematics devices, insurers can determine whether the behavior of the policyholder contributed to the accident.

IoT Insurance Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on insurance type, component, and application.

Breakup by Insurance Type:

Life and Health Insurance

Property and Casualty Insurance

Others

Property and casualty insurance accounts for the majority of the market share

The report has provided a detailed breakup and analysis of the market based on the insurance type. This includes life and health insurance, property and casualty insurance, and others. According to the report, property and casualty insurance represented the largest segment.

IoT technology is improving life and health insurance by promoting proactive health monitoring. Wearables and connected health devices collect real-time data on vital signs, fitness levels, and health habits of policyholders. This data allows insurers to offer personalized policies, incentivizing healthier lifestyles through discounts and rewards. Additionally, IoT-enabled telemedicine and remote patient monitoring improve healthcare access and reduce costs. Life and health insurance supported by IoT enhances overall well-being and provides financial security for policyholders.

IoT technology primarily focuses on risk mitigation and claims management. Smart sensors and devices installed in homes, vehicles, and commercial properties monitor environmental conditions, security, and safety. Insurers use this data to assess and mitigate risks proactively, leading to fewer accidents and losses. Additionally, in the event of a claim, IoT data expedites the claims process, as insurers have real-time information on the incident. Property and casualty insurance enhanced by IoT reduces risks, minimizes losses, and improves customer satisfaction.

Breakup by Component:

Solution

Service

Solution holds the largest share in the industry

A detailed breakup and analysis of the market based on the componetn have also been provided in the report. This includes solution and service. According to the report, solution accounted for the largest market share.

IoT insurance solutions encompass the technology and software that enable data collection, analysis, and utilization. These solutions include IoT devices, data analytics platforms, and software applications. Insurers use IoT solutions to gather real-time data from various sources such as telematics devices, wearables, and sensors. This data aids in risk assessment, policy customization, and claims processing. IoT solutions empower insurers to offer innovative, data-driven insurance products and enhance customer experiences through personalized coverage and proactive risk management.

IoT insurance services complement the technological components by providing expertise, support, and consulting. These services encompass data analysis, risk assessment, policy design, and customer support. Insurance companies often partner with IoT service providers to harness the full potential of IoT technology. Additionally, service providers assist in addressing challenges related to data security and compliance, further enhancing the value of IoT in insurance.

Breakup by Application:

Automotive, Transportation and Logistics

Life and Health

Commercial and Residential Buildings

Business and Enterprise

Agriculture

Others

Automotive, transportation and logistics represent the leading market segment

The report has provided a detailed breakup and analysis of the market based on the application. This includes automotive, transportation and logistics, life and health, commercial and residential buildings, business and enterprise, agriculture, and others. According to the report, automotive, transportation and logistics hold the largest market share.

IoT insurance services are widely used in the transportation and logistics sector to streamline fleet management. Devices in vehicles monitor routes, driver behavior, and cargo conditions. Insurers can assess risk accurately, improve efficiency, and ensure cargo integrity, benefiting both companies and their insurers. IoT insurance finds extensive applications in the automotive sector and revolves around telematics. These systems monitor driving behavior, offering real-time data on speed, braking, and location. Insurers use this data to customize policies, encourage safe driving, and reduce premiums for responsible drivers.

IoT-enabled wearables and health devices play a vital role in life and health insurance. These devices track vital signs and health habits, allowing insurers to offer personalized policies. Customers benefit from healthier lifestyles, potentially leading to lower premiums and better overall well-being.

IoT insurance services designed for commercial and residential buildings focus on property protection. Smart sensors detect hazards like fires, leaks, or break-ins, providing real-time alerts to insurers and property owners. This proactive approach minimizes risks and potential damage.

IoT insurance for businesses and enterprises enhance risk management. Insurers can gain insights into potential business disruptions and offer coverage tailored to specific operational needs, ensuring continuity and mitigating financial loss.

IoT insurance in the agriculture sector to optimize crop and livestock coverage. Sensors monitor soil conditions, weather patterns, and animal health. Insurers can predict and mitigate risks like drought or disease outbreaks, supporting sustainable farming practices.

Breakup by Region:

North America

United States

Canada

Asia-Pacific

China

Japan

India

South Korea

Australia

Indonesia

Others

Europe

Germany

France

United Kingdom

Italy

Spain

Russia

Others

Latin America

Brazil

Mexico

Others

Middle East and Africa

North America leads the market, accounting for the largest IoT insurance market share

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America accounted for the largest market share.

North America holds a prominent position in the IoT insurance market. The United States, in particular, is a major contributor, with numerous insurance providers adopting IoT technology. The region benefits from a mature insurance sector and advanced IoT infrastructure. Insurers here leverage IoT devices for telematics-based auto insurance and property monitoring. The customer demand for personalized policies and risk mitigation drives innovation in the IoT insurance sector.

Europe is a diverse IoT insurance market with a strong presence in countries like Germany, France, and the United Kingdom. IoT adoption varies across nations, but it is gaining traction. Telematics-based auto insurance is popular, especially in Germany. European insurers are also exploring IoT solutions for home and health insurance. The European market is characterized by regulatory complexities, but it fosters innovation and competition.

The Asia Pacific region is a burgeoning IoT insurance market, led by China, Japan, and India. Rapid urbanization, increased vehicle ownership, and the growing middle-class population drive demand for IoT-based insurance solutions. Chinese insurers, in particular, have embraced IoT for various insurance products. Japan is a pioneer in IoT adoption for elderly care and health insurance.

Latin America is witnessing a gradual adoption of IoT insurance, with Brazil and Mexico at the forefront. The development of auto insurance with telematics is driving the need for risk assessment and cost savings. In addition, high accident rates and road safety challenges in these countries make accurate risk assessment crucial. Telematics data helps insurers identify and reward safer drivers, contributing to safer roads.

The Middle East and Africa are emerging markets for IoT insurance. South Africa is notable for its efforts in adopting telematics-based auto insurance. The region faces infrastructure challenges but is gradually embracing IoT technology for insurance applications, driven by the need for risk management and cost-effective solutions.

Leading Key Players in the IoT Insurance Industry:

The key players in the market are continuously adapting and innovating to stay ahead in this dynamic industry. Additionally, they are increasingly integrating IoT devices, such as smart sensors and telematics, into insurance offerings. These devices collect real-time data on the behavior of policyholders, enabling insurers to offer more personalized and risk-based pricing. Along with this, IoT insurance providers are actively working on expanding their service portfolios and are venturing into areas like cybersecurity insurance, where IoT devices can help identify and mitigate risks related to data breaches and cyberattacks. Furthermore, they are forming partnerships with IoT device manufacturers and data analytics firms to allow insurers to access a wider pool of data, leading to better risk assessment and improved customer services.

The market research report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

Accenture plc

Allerin

Capgemini SE

Cognizant

Concirrus

Intel Corporation

International Business Machines Corporation

Microsoft Corporation

Sas Institute Inc.

Telit

Verisk Analytics Inc.

Wipro Limited

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

Latest News:

Oct. 18, 2023: Accenture plc announced the acquisition of ON Service GROUP, a leading provider of business process services, specializing in insurance operations. The acquisition strengthens Accenture's ability to manage the entire process chain while helping clients optimize operations, be more agile, and drive growth through digital services.

November 2022: International Business Machines Corporation announced a partnership with Ablera and Bulgaria to enhance ABACUS, a comprehensive solution for insurance companies for pricing and rating processes powered by artificial intelligence (AI), which brings next-level speed and accuracy to these processes, reducing the error-prone, cumbersome manual efforts and allowing more users to work with the sophistication of applied mathematics.

Key Questions Answered in This Report

• 1. What was the size of the global IoT insurance market in 2023?
• 2. What is the expected growth rate of the global IoT insurance market during 2024-2032?
• 3. What are the key factors driving the global IoT insurance market?
• 4. What has been the impact of COVID-19 on the global IoT insurance market?
• 5. What is the breakup of the global IoT insurance market based on the insurance type?
• 6. What is the breakup of the global IoT insurance market based on the component?
• 7. What is the breakup of the global IoT insurance market based on the application?
• 8. What are the key regions in the global IoT insurance market?
• 9. Who are the key players/companies in the global IoT insurance market?

Table of Contents

1 Preface

2 Scope and Methodology

• 2.1 Objectives of the Study
• 2.2 Stakeholders
• 2.3 Data Sources
  • 2.3.1 Primary Sources
  • 2.3.2 Secondary Sources
• 2.4 Market Estimation
  • 2.4.1 Bottom-Up Approach
  • 2.4.2 Top-Down Approach
• 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

• 4.1 Overview
• 4.2 Key Industry Trends

5 Global IoT Insurance Market

• 5.1 Market Overview
• 5.2 Market Performance
• 5.3 Impact of COVID-19
• 5.4 Market Forecast

6 Market Breakup by Insurance Type

• 6.1 Life and Health Insurance
  • 6.1.1 Market Trends
  • 6.1.2 Market Forecast
• 6.2 Property and Casualty Insurance
  • 6.2.1 Market Trends
  • 6.2.2 Market Forecast
• 6.3 Others
  • 6.3.1 Market Trends
  • 6.3.2 Market Forecast

7 Market Breakup by Component

• 7.1 Solution
  • 7.1.1 Market Trends
  • 7.1.2 Market Forecast
• 7.2 Service
  • 7.2.1 Market Trends
  • 7.2.2 Market Forecast

8 Market Breakup by Application

• 8.1 Automotive, Transportation and Logistics
  • 8.1.1 Market Trends
  • 8.1.2 Market Forecast
• 8.2 Life and Health
  • 8.2.1 Market Trends
  • 8.2.2 Market Forecast
• 8.3 Commercial and Residential Buildings
  • 8.3.1 Market Trends
  • 8.3.2 Market Forecast
• 8.4 Business and Enterprise
  • 8.4.1 Market Trends
  • 8.4.2 Market Forecast
• 8.5 Agriculture
  • 8.5.1 Market Trends
  • 8.5.2 Market Forecast
• 8.6 Others
  • 8.6.1 Market Trends
  • 8.6.2 Market Forecast

9 Market Breakup by Region

• 9.1 North America
  • 9.1.1 United States
    • 9.1.1.1 Market Trends
    • 9.1.1.2 Market Forecast
  • 9.1.2 Canada
    • 9.1.2.1 Market Trends
    • 9.1.2.2 Market Forecast
• 9.2 Asia-Pacific
  • 9.2.1 China
    • 9.2.1.1 Market Trends
    • 9.2.1.2 Market Forecast
  • 9.2.2 Japan
    • 9.2.2.1 Market Trends
    • 9.2.2.2 Market Forecast
  • 9.2.3 India
    • 9.2.3.1 Market Trends
    • 9.2.3.2 Market Forecast
  • 9.2.4 South Korea
    • 9.2.4.1 Market Trends
    • 9.2.4.2 Market Forecast
  • 9.2.5 Australia
    • 9.2.5.1 Market Trends
    • 9.2.5.2 Market Forecast
  • 9.2.6 Indonesia
    • 9.2.6.1 Market Trends
    • 9.2.6.2 Market Forecast
  • 9.2.7 Others
    • 9.2.7.1 Market Trends
    • 9.2.7.2 Market Forecast
• 9.3 Europe
  • 9.3.1 Germany
    • 9.3.1.1 Market Trends
    • 9.3.1.2 Market Forecast
  • 9.3.2 France
    • 9.3.2.1 Market Trends
    • 9.3.2.2 Market Forecast
  • 9.3.3 United Kingdom
    • 9.3.3.1 Market Trends
    • 9.3.3.2 Market Forecast
  • 9.3.4 Italy
    • 9.3.4.1 Market Trends
    • 9.3.4.2 Market Forecast
  • 9.3.5 Spain
    • 9.3.5.1 Market Trends
    • 9.3.5.2 Market Forecast
  • 9.3.6 Russia
    • 9.3.6.1 Market Trends
    • 9.3.6.2 Market Forecast
  • 9.3.7 Others
    • 9.3.7.1 Market Trends
    • 9.3.7.2 Market Forecast
• 9.4 Latin America
  • 9.4.1 Brazil
    • 9.4.1.1 Market Trends
    • 9.4.1.2 Market Forecast
  • 9.4.2 Mexico
    • 9.4.2.1 Market Trends
    • 9.4.2.2 Market Forecast
  • 9.4.3 Others
    • 9.4.3.1 Market Trends
    • 9.4.3.2 Market Forecast
• 9.5 Middle East and Africa
  • 9.5.1 Market Trends
  • 9.5.2 Market Breakup by Country
  • 9.5.3 Market Forecast

10 SWOT Analysis

• 10.1 Overview
• 10.2 Strengths
• 10.3 Weaknesses
• 10.4 Opportunities
• 10.5 Threats

11 Value Chain Analysis

12 Porters Five Forces Analysis

• 12.1 Overview
• 12.2 Bargaining Power of Buyers
• 12.3 Bargaining Power of Suppliers
• 12.4 Degree of Competition
• 12.5 Threat of New Entrants
• 12.6 Threat of Substitutes

13 Price Analysis

14 Competitive Landscape

• 14.1 Market Structure
• 14.2 Key Players
• 14.3 Profiles of Key Players
  • 14.3.1 Accenture plc
    • 14.3.1.1 Company Overview
    • 14.3.1.2 Product Portfolio
    • 14.3.1.3 Financials
    • 14.3.1.4 SWOT Analysis
  • 14.3.2 Allerin
    • 14.3.2.1 Company Overview
    • 14.3.2.2 Product Portfolio
  • 14.3.3 Capgemini SE
    • 14.3.3.1 Company Overview
    • 14.3.3.2 Product Portfolio
    • 14.3.3.3 Financials
    • 14.3.3.4 SWOT Analysis
  • 14.3.4 Cognizant
    • 14.3.4.1 Company Overview
    • 14.3.4.2 Product Portfolio
    • 14.3.4.3 Financials
    • 14.3.4.4 SWOT Analysis
  • 14.3.5 Concirrus
    • 14.3.5.1 Company Overview
    • 14.3.5.2 Product Portfolio
  • 14.3.6 Intel Corporation
    • 14.3.6.1 Company Overview
    • 14.3.6.2 Product Portfolio
    • 14.3.6.3 Financials
    • 14.3.6.4 SWOT Analysis
  • 14.3.7 International Business Machines Corporation
    • 14.3.7.1 Company Overview
    • 14.3.7.2 Product Portfolio
    • 14.3.7.3 Financials
    • 14.3.7.4 SWOT Analysis
  • 14.3.8 Microsoft Corporation
    • 14.3.8.1 Company Overview
    • 14.3.8.2 Product Portfolio
    • 14.3.8.3 Financials
    • 14.3.8.4 SWOT Analysis
  • 14.3.9 Sas Institute Inc.
    • 14.3.9.1 Company Overview
    • 14.3.9.2 Product Portfolio
    • 14.3.9.3 SWOT Analysis
  • 14.3.10 Telit
    • 14.3.10.1 Company Overview
    • 14.3.10.2 Product Portfolio
    • 14.3.10.3 Financials
  • 14.3.11 Verisk Analytics Inc.
    • 14.3.11.1 Company Overview
    • 14.3.11.2 Product Portfolio
    • 14.3.11.3 Financials
    • 14.3.11.4 SWOT Analysis
  • 14.3.12 Wipro Limited
    • 14.3.12.1 Company Overview
    • 14.3.12.2 Product Portfolio
    • 14.3.12.3 Financials
    • 14.3.12.4 SWOT Analysis