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Insurance Telematics Market Report Scope & Overview:

The Insurance Telematics Market size was USD 128.56 Million in 2023 and is expected to Reach USD 1029.4 Million by 2031 and grow at a CAGR of 29.7% over the forecast period of 2024-2031.

As a result of technological improvements and shifting consumer preferences, the insurance telematics business was expanding significantly and undergoing major change.

Insurance Telematics Market Revenue Analysis

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By employing telematics devices to gather and analyse data on driving behavior, insurance telematics, also known as usage-based insurance (UBI) or telematics insurance, enables insurance firms to provide customized and potentially reduced insurance premiums depending on individual driving patterns. Insurance telematics urged policyholders to drive more safely. Insurance companies frequently provided incentives, rebates, or bonuses for upholding safe driving practices, which decreased accident rates and claim expenses. The use of insurance telematics was not restricted to particular nations or areas. Telematics-based insurance products attracted interest from numerous markets all over the world. in recent years, market trends like ridesharing, carpooling, and automobile sharing have gained popularity. Although carpooling has a low acceptance rate right now in industrialized nations, it is predicted that this will change in the near future as millennials' commute habits change. Additionally, the market is expanding as a result of growing government measures to promote telematics services in their different nations and rising customer desire for high connection and intelligence in their automobiles. For instance, the federal government ordered the installation of electronic logging devices on all commercial trucks in the United States in October 2018, which enables insurance companies to develop UBI programs for commercial trucks. Insurance telematics is currently trending in retail and fleet leasing under interconnected digital supply chain models. Increasing penetration of smartphones and the rising interest of the global consumer in in-car connectivity has also led to the growth of the market.

MARKET DYNAMICS

KEY DRIVERS

  • Better Customer Engagement

  • The demand for telematics devices is rising in the automotive and insurance industries, which is fueling market expansion.

Telematics technology enables insurers to interact with customers on a more personal level. Insurers can provide individualized driving advice and encourage policyholders to develop better driving habits by using real-time feedback and driving information.

RESTRAIN

  • Data theft and low transparency in data acquisition techniques are expected to hinder market growth.

People don't have much faith in digitalized tracking of car information since they are worried about theft and security. Additionally, when drivers link their automobiles to the internet, a connection is made between the insurance provider and the vehicles, which further exposes data to hackers.

OPPORTUNITY

  • Innovative Technology in the Automotive Industry is Growing

  • By encouraging safer driving behavior, it can potentially reduce the frequency and severity of accidents, leading to lower claims costs for insurers.

Artificial intelligence (AI), Machine Learning, the Internet of Things (IoT), and 5G technologies are speeding innovation in the automotive sector and opening up fresh opportunities for enhanced user experiences, partner cooperation, and data mining.

CHALLENGES

  • The market is being negatively impacted by design complexity and a lack of personal integrity.

The driver of the insured vehicle won't typically be able to be determined by telematics auto insurance designed for individual customers. This means that if there is a secondary driver who drives only occasionally, it could have a negative impact on the cost of the total insurance coverage.

IMPACT OF RUSSIAN UKRAINE WAR

The Russian-Ukraine war has increased demand for telematics-based insurance as people and businesses seek to increase their safety and security. Telematics-based insurance uses data from gadgets like smartphones and GPS trackers to track driving behavior and assess risk. This data can be used to offer discounts on insurance premiums to safe drivers. Additionally, the war has heightened awareness of cybersecurity, which has resulted in new rules restricting the use of telemetry data. Governments might, for instance, mandate that employers get employees' permission before using their location data. This might make it more challenging for companies to provide insurance based on telematics. a few businesses impacted by the conflict in Ukraine and Russia are Manufacturers of telematics devices, providers of telematics insurance solutions, and manufacturers of telematics data analytics As people and businesses explore ways to strengthen their safety and security, the war has increased demand for its products. However, it has also resulted in supply chain interruptions and a shortage of data scientists who are certified.

IMPACT OF ONGOING RECESSION

The recession has led to decreased spending on insurance in general, as businesses and individuals have cut back on non-essential expenses. This has led to a decrease in demand for telematics-based insurance, as businesses and individuals are looking for ways to save money. The recession has led to increased competition in the insurance market, as businesses and individuals are looking for the best deals on insurance. This has made it more difficult for telematics insurance companies to stand out from the competition. recession has also led to a shift to online insurance, as businesses and individuals look for ways to save money on insurance premiums. This has made it more difficult for telematics insurance companies to reach their target audience, as businesses and individuals are more likely to research and purchase insurance online. some of the companies that have been affected by the ongoing recession in the insurance telematics market are Tata AIG, HDFC Ergo, and AXA India. Tata AIG expects its insurance telematics business to grow by 5% in 2023. This growth rate is lower than the company's growth target of 10%, and it is a sign that the recession is having a negative impact on the company's business. These companies saw a decrease in demand for their telematics products in recent months, as businesses and individuals have cut back on non-essential expenses.

KEY MARKET SEGMENTATION

By Type

  • Pay-As-You-Drive

  • Pay-How-You-Drive

  • Manage-How-You- Drive

By Technology

  • OBD-I

  • Smartphone

  • Hybrid

  • Black-box

By Offering

  • Hardware

  • Software

  • Services

By End-Use

  • Passenger Vehicle

  • Commercial Vehicle

By Enterprise

  • Large Enterprises

  • Small and Medium Enterprises

By Deployment

  • On-premise

  • Cloud

Region Coverage

North America

  • USA

  • Canada

  • Mexico

Europe

  • Eastern Europe

    • Poland

    • Romania

    • Hungary

    • Turkey

    • Rest of Eastern Europe

  • Western Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Netherlands

    • Switzerland

    • Austria

    • Rest of Western Europe

Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Vietnam

  • Singapore

  • Australia

  • Rest of Asia Pacific

Middle East & Africa

  • Middle East

    • UAE

    • Egypt

    • Saudi Arabia

    • Qatar

    • Rest of Middle East

  • Africa

    • Nigeria

    • South Africa

    • Rest of Africa

Latin America

  • Brazil

  • Argentina

  • Colombia

  • Rest of Latin America

REGIONAL ANALYSIS

In 2019 the North American region headed the market, and it is predicted that it would continue to do so during the projected period. The competitive landscape in North America drove insurance companies to innovate and differentiate their telematics products. Insurers offered various discounts, rewards, and additional services to attract and retain policyholders. the existence of important players, technical improvements, and the enormous demand for interconnected services are all factors contributing to this dominance. The insurance businesses in North America are moving apps and data faster to the cloud network and adopting cloud solutions. Insurance businesses are heavily utilizing the cloud network to preserve a huge competitive advantage by having cutting-edge technologies and standing out from rivals. For instance, Accenture's cloud-based solutions, which are tailored to their insurance cloud programs, provide affordable telematics services.

The Asia Pacific region was witnessing a rise in the adoption of insurance telematics. China and Japan will likely be the two countries in the Asia Pacific area with the highest growth. In these areas, there has been a significant increase in the adoption of IoT and telematics technologies that rely on external mobile devices. Some countries in the Asia Pacific provided regulatory support and incentives to promote safer driving practices and reduce accidents. This support encouraged insurance companies to offer telematics-based insurance products. Additionally, due to ongoing issues including a lack of data privacy and consumer ignorance, the Asia Pacific market is still in its infancy. However, it is anticipated that the growth of smartphone technology and mobile connectivity will benefit the UBI model. Additionally, the expanding investments and partnerships will support the market's expansion. For instance, Toyota Motor Corporation and MS&AD Insurance Group Holdings, Inc. worked together in November 2017 to create insurance telematics in Japan that is based on driving behavior.

Insurance-Telematics-Market-By-Region

KEY PLAYERS

The major key players in the Insurance Telematics Market are Agero Inc., Aplicom, Intelligent Mechatronic System, Masternaut Ltd., Meta System S.p.A, MiX Telematics Ltd., Octo Telematics S.p.A, Sierra Wireless Inc., TomTom Telematics BV, and TRIMBLE INC. and other players

Intelligent Mechatronic System-Company Financial Analysis

Company Landscape Analysis

RECENT DEVELOPMENTS

Sierra Wireless Inc: On May 10, 2023Sierra Wireless Inc. Partners with AXA Insurance to Offer Insurance Telematics Solution Sierra Wireless Inc. announced a partnership with AXA Insurance. The partnership will allow AXA Insurance to offer its customers a telematics-based insurance product that uses Sierra Wireless Guardian.

TomTom Telematics BV: On April 5, 2023 TomTom Telematics BV, a Dutch company that provides fleet management solutions, launched a new fleet management solution. The new solution, called TomTom Telematics Fleet, is designed to help businesses track and manage their fleets more efficiently.

Insurance Telematics Market Report Scope:

Report Attributes Details
Market Size in 2023  US$ 128.56 Mn
Market Size by 2031  US$ 1029.4 Bn
CAGR   CAGR of 29.7% From 2024 to 2031
Base Year  2023
Forecast Period  2024-2031
Historical Data  2020-2022
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Type (Pay-As-You-Drive, Pay-How-You-Drive, and Manage-How-You- Drive)
• By Technology (OBD-I, Smartphone, Hybrid, and Black-box)
• By Offering (Hardware, Software, and Services)
• By Enterprise (Large Enterprises, Small and Medium Enterprises)
• By Deployment (On-premise, Cloud)
• By End-Use (Passenger Vehicle, Commercial Vehicle)
Regional Analysis/Coverage North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]). Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America)
Company Profiles Agero Inc., Aplicom, Intelligent Mechatronic System, Masternaut Ltd., Meta System S.p.A, MiX Telematics Ltd., Octo Telematics S.p.A, Sierra Wireless Inc., TomTom Telematics BV, and TRIMBLE INC. 
Key Drivers • Better Customer Engagement
• The demand for telematics devices is rising in the automotive and insurance industries, which is fueling market expansion.
Market Opportunities • Innovative Technology in the Automotive Industry is Growing
• By encouraging safer driving behavior, it can potentially reduce the frequency and severity of accidents, leading to lower claims costs for insurers.

 

Frequently Asked Questions

Ans. The Insurance Telematics Market is growing at a CAGR of 19.7 % over the forecast period 2023-2030.

Ans. The Insurance Telematics Market size was valued at US$ 4.2 Bn in 2022.

Ans. The Insurance Telematics Market is segmented on the basis of offering, technology, deployment, type, vehicle age, vehicle type, organization size, and region.

Ans. Service sector Segment holds a dominant position throughout the forecast period.

Ans. Factors such as rise in need for telematics devices among insurance & automotive sectors drives the growth of the Insurance Telematics market.

TABLE OF CONTENTS

1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges

4. Impact Analysis
4.1 Impact of Ukraine- Russia War
4.2 Impact of Recession
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7. PEST Analysis

8. Insurance Telematics Market Segmentation, by Type 
8.1    Pay-As-You-Drive
8.2    Pay-How-You-Drive
8.3    Manage-How-You- Drive

9. Insurance Telematics Market Segmentation, by Technology 
9.1    OBD-I
9.2    Smartphone
9.3    Hybrid
9.4    Black-box

10. Insurance Telematics Market Segmentation, by Offering 
10.1Hardware
10.2 Software
10.3 Services

11. Insurance Telematics Market Segmentation, By Enterprise

11.1 Large Enterprises

11.2 Small and Medium Enterprises

12. Insurance Telematics Market Segmentation, By Deployment

12.1 On-premise

12.2 Cloud

13. Insurance Telematics Market Segmentation, By End-Use

13.1 Passenger Vehicle

13.2 Commercial Vehicle

14. Regional Analysis
14.1 Introduction
14.2 North America
14.2.1 North America Insurance Telematics Market by Country
14.2.2North America Insurance Telematics Market by Type
14.2.3 North America Insurance Telematics Market by Technology
14.2.4 North America Insurance Telematics Market by Offering
14.2.5 North America Insurance Telematics Market by End-Use
14.2.6 USA
14.2.6.1 USA Insurance Telematics Market by Type
14.2.6.2 USA Insurance Telematics Market by Technology
14.2.6.3 USA Insurance Telematics Market by Offering
14.2.6.4 USA Insurance Telematics Market by End-Use
14.2.7 Canada
14.2.7.1 Canada Insurance Telematics Market by Type
14.2.7.2 Canada Insurance Telematics Market by Technology
14.2.7.3 Canada Insurance Telematics Market by Offering
14.2.7.4 Canada Insurance Telematics Market by End-Use
14.2.8 Mexico
14.2.8.1 Mexico Insurance Telematics Market by Type
14.2.8.2 Mexico Insurance Telematics Market by Technology
14.2.8.3 Mexico Insurance Telematics Market by Offering
14.2.8.4 Mexico Insurance Telematics Market by End-Use
14.3 Europe
14.3.1 Eastern Europe
14.3.1.1 Eastern Europe Insurance Telematics Market by Country
14.3.1.2 Eastern Europe Insurance Telematics Market by Type
14.3.1.3 Eastern Europe Insurance Telematics Market by Technology
14.3.1.4 Eastern Europe Insurance Telematics Market by Offering
14.3.1.5 Eastern Europe Insurance Telematics Market by End-Use
14.3.1.6 Poland
14.3.1.6.1 Poland Insurance Telematics Market by Type
14.3.1.6.2 Poland Insurance Telematics Market by Technology
14.3.1.6.3 Poland Insurance Telematics Market by Offering
14.3.1.6.4 Poland Insurance Telematics Market by End-Use
14.3.1.7 Romania
14.3.1.7.1 Romania Insurance Telematics Market by Type
14.3.1.7.2 Romania Insurance Telematics Market by Technology
14.3.1.7.3 Romania Insurance Telematics Market by Offering
14.3.1.7.4 Romania Insurance Telematics Market by End-Use
14.3.1.8 Hungary
14.3.1.8.1 Hungary Insurance Telematics Market by Type
14.3.1.8.2 Hungary Insurance Telematics Market by Technology
14.3.1.8.3 Hungary Insurance Telematics Market by Offering
14.3.1.8.4 Hungary Insurance Telematics Market by End-Use
14.3.1.9 Turkey
14.3.1.9.1 Turkey Insurance Telematics Market by Type
14.3.1.9.2 Turkey Insurance Telematics Market by Technology
14.3.1.9.3 Turkey Insurance Telematics Market by Offering
14.3.1.9.4 Turkey Insurance Telematics Market by End-Use
14.3.1.10 Rest of Eastern Europe
14.3.1.10.1 Rest of Eastern Europe Insurance Telematics Market by Type
14.3.1.10.2 Rest of Eastern Europe Insurance Telematics Market by Technology
14.3.1.10.3 Rest of Eastern Europe Insurance Telematics Market by Offering
14.3.1.10.4 Rest of Eastern Europe Insurance Telematics Market by End-Use
14.3.2 Western Europe
14.3.2.1 Western Europe Insurance Telematics Market by Country
14.3.2.2 Western Europe Insurance Telematics Market by Type
14.3.2.3 Western Europe Insurance Telematics Market by Technology
14.3.2.4 Western Europe Insurance Telematics Market by Offering
14.3.2.5 Western Europe Insurance Telematics Market by End-Use
14.3.2.6 Germany
14.3.2.6.1 Germany Insurance Telematics Market by Type
14.3.2.6.2 Germany Insurance Telematics Market by Technology
14.3.2.6.3 Germany Insurance Telematics Market by Offering
14.3.2.6.4 Germany Insurance Telematics Market by End-Use
14.3.2.7 France
14.3.2.7.1 France Insurance Telematics Market by Type
14.3.2.7.2 France Insurance Telematics Market by Technology
14.3.2.7.3 France Insurance Telematics Market by Offering
14.3.2.7.4 France Insurance Telematics Market by End-Use
14.3.2.8 UK
14.3.2.8.1 UK Insurance Telematics Market by Type
14.3.2.8.2 UK Insurance Telematics Market by Technology
14.3.2.8.3 UK Insurance Telematics Market by Offering
14.3.2.8.4 UK Insurance Telematics Market by End-Use
14.3.2.9 Italy
14.3.2.9.1 Italy Insurance Telematics Market by Type
14.3.2.9.2 Italy Insurance Telematics Market by Technology
14.3.2.9.3 Italy Insurance Telematics Market by Offering
14.3.2.9.4 Italy Insurance Telematics Market by End-Use
14.3.2.10 Spain
14.3.2.10.1 Spain Insurance Telematics Market by Type
14.3.2.10.2 Spain Insurance Telematics Market by Technology
14.3.2.10.3 Spain Insurance Telematics Market by Offering
14.3.2.10.4 Spain Insurance Telematics Market by End-Use
14.3.2.11 Netherlands
14.3.2.11.1 Netherlands Insurance Telematics Market by Type
14.3.2.11.2 Netherlands Insurance Telematics Market by Technology
14.3.2.11.3 Netherlands Insurance Telematics Market by Offering
14.3.2.11.4 Netherlands Insurance Telematics Market by End-Use
14.3.2.14 Switzerland
14.3.2.14.1 Switzerland Insurance Telematics Market by Type
14.3.2.14.2 Switzerland Insurance Telematics Market by Technology
14.3.2.14.3 Switzerland Insurance Telematics Market by Offering
14.3.2.14.4 Switzerland Insurance Telematics Market by End-Use
14.3.2.13 Austria
14.3.2.13.1 Austria Insurance Telematics Market by Type
14.3.2.13.2 Austria Insurance Telematics Market by Technology
14.3.2.13.3 Austria Insurance Telematics Market by Offering
14.3.2.13.4 Austria Insurance Telematics Market by End-Use
14.3.2.14 Rest of Western Europe
14.3.2.14.1 Rest of Western Europe Insurance Telematics Market by Type
14.3.2.14.2 Rest of Western Europe Insurance Telematics Market by Technology
14.3.2.14.3 Rest of Western Europe Insurance Telematics Market by Offering
14.3.2.14.4 Rest of Western Europe Insurance Telematics Market by End-Use
14.4 Asia-Pacific
14.4.1 Asia Pacific Insurance Telematics Market by Country
14.4.2 Asia Pacific Insurance Telematics Market by Type
14.4.3 Asia Pacific Insurance Telematics Market by Technology
14.4.4 Asia Pacific Insurance Telematics Market by Offering
14.4.5 Asia Pacific Insurance Telematics Market by End-Use
14.4.6 China
14.4.6.1 China Insurance Telematics Market by Type
14.4.6.2 China Insurance Telematics Market by Technology
14.4.6.3 China Insurance Telematics Market by Offering
14.4.6.4 China Insurance Telematics Market by End-Use
14.4.7 India
14.4.7.1 India Insurance Telematics Market by Type
14.4.7.2 India Insurance Telematics Market by Technology
14.4.7.3 India Insurance Telematics Market by Offering
14.4.7.4 India Insurance Telematics Market by End-Use
14.4.8 Japan
14.4.8.1 Japan Insurance Telematics Market by Type
14.4.8.2 Japan Insurance Telematics Market by Technology
14.4.8.3 Japan Insurance Telematics Market by Offering
14.4.8.4 Japan Insurance Telematics Market by End-Use
14.4.9 South Korea
14.4.9.1 South Korea Insurance Telematics Market by Type
14.4.9.2 South Korea Insurance Telematics Market by Technology
14.4.9.3 South Korea Insurance Telematics Market by Offering
14.4.9.4 South Korea Insurance Telematics Market by End-Use
14.4.10 Vietnam
14.4.10.1 Vietnam Insurance Telematics Market by Type
14.4.10.2 Vietnam Insurance Telematics Market by Technology
14.4.10.3 Vietnam Insurance Telematics Market by Offering
14.4.10.4 Vietnam Insurance Telematics Market by End-Use
14.4.11 Singapore
14.4.11.1 Singapore Insurance Telematics Market by Type
14.4.11.2 Singapore Insurance Telematics Market by Technology
14.4.11.3 Singapore Insurance Telematics Market by Offering
14.4.11.4 Singapore Insurance Telematics Market by End-Use
14.4.14 Australia
14.4.14.1 Australia Insurance Telematics Market by Type
14.4.14.2 Australia Insurance Telematics Market by Technology
14.4.14.3 Australia Insurance Telematics Market by Offering
14.4.14.4 Australia Insurance Telematics Market by End-Use
14.4.13 Rest of Asia-Pacific
14.4.13.1 Rest of Asia-Pacific Insurance Telematics Market by Type
14.4.13.2 Rest of Asia-Pacific Insurance Telematics Market by Technology
14.4.13.3 Rest of Asia-Pacific Insurance Telematics Market by Offering
14.4.13.4 Rest of Asia-Pacific Insurance Telematics Market by End-Use
14.5 Middle East & Africa
14.5.1 Middle East
14.5.1.1 Middle East Insurance Telematics Market by Country
14.5.1.2 Middle East Insurance Telematics Market by Type
14.5.1.3 Middle East Insurance Telematics Market by Technology
14.5.1.4 Middle East Insurance Telematics Market by Offering
14.5.1.5 Middle East Insurance Telematics Market by End-Use
14.5.1.6 UAE
14.5.1.6.1 UAE Insurance Telematics Market by Type
14.5.1.6.2 UAE Insurance Telematics Market by Technology
14.5.1.6.3 UAE Insurance Telematics Market by Offering
14.5.1.6.4 UAE Insurance Telematics Market by End-Use
14.5.1.7 Egypt
14.5.1.7.1 Egypt Insurance Telematics Market by Type
14.5.1.7.2 Egypt Insurance Telematics Market by Technology
14.5.1.7.3 Egypt Insurance Telematics Market by Offering
14.5.1.7.4 Egypt Insurance Telematics Market by End-Use
14.5.1.8 Saudi Arabia
14.5.1.8.1 Saudi Arabia Insurance Telematics Market by Type
14.5.1.8.2 Saudi Arabia Insurance Telematics Market by Technology
14.5.1.8.3 Saudi Arabia Insurance Telematics Market by Offering
14.5.1.8.4 Saudi Arabia Insurance Telematics Market by End-Use
14.5.1.9 Qatar
14.5.1.9.1 Qatar Insurance Telematics Market by Type
14.5.1.9.2 Qatar Insurance Telematics Market by Technology
14.5.1.9.3 Qatar Insurance Telematics Market by Offering
14.5.1.9.4 Qatar Insurance Telematics Market by End-Use
14.5.1.10 Rest of Middle East
14.5.1.10.1 Rest of Middle East Insurance Telematics Market by Type
14.5.1.10.2 Rest of Middle East Insurance Telematics Market by Technology
14.5.1.10.3 Rest of Middle East Insurance Telematics Market by Offering
14.5.1.10.4 Rest of Middle East Insurance Telematics Market by End-Use
14.5.2. Africa
14.5.2.1 Africa Insurance Telematics Market by Country
14.5.2.2 Africa Insurance Telematics Market by Type
14.5.2.3 Africa Insurance Telematics Market by Technology
14.5.2.4 Africa Insurance Telematics Market by Offering
14.5.2.5 Africa Insurance Telematics Market by End-Use
14.5.2.6 Nigeria
14.5.2.6.1 Nigeria Insurance Telematics Market by Type
14.5.2.6.2 Nigeria Insurance Telematics Market by Technology
14.5.2.6.3 Nigeria Insurance Telematics Market by Offering
14.5.2.6.4 Nigeria Insurance Telematics Market by End-Use
14.5.2.7 South Africa
14.5.2.7.1 South Africa Insurance Telematics Market by Type
14.5.2.7.2 South Africa Insurance Telematics Market by Technology
14.5.2.7.3 South Africa Insurance Telematics Market by Offering
14.5.2.7.4 South Africa Insurance Telematics Market by End-Use
14.5.2.8 Rest of Africa
14.5.2.8.1 Rest of Africa Insurance Telematics Market by Type
14.5.2.8.2 Rest of Africa Insurance Telematics Market by Technology
14.5.2.8.3 Rest of Africa Insurance Telematics Market by Offering
14.5.2.8.4 Rest of Africa Insurance Telematics Market by End-Use
14.6. Latin America
14.6.1 Latin America Insurance Telematics Market by Country
14.6.2 Latin America Insurance Telematics Market by Type
14.6.3 Latin America Insurance Telematics Market by Technology
14.6.4 Latin America Insurance Telematics Market by Offering
14.6.5 Latin America Insurance Telematics Market by End-Use
14.6.6 Brazil
14.6.6.1 Brazil Insurance Telematics Market by Type
14.6.6.2 Brazil Africa Insurance Telematics Market by Technology
14.6.6.3 Brazil Insurance Telematics Market by Offering
14.6.6.4 Brazil Insurance Telematics Market by End-Use
14.6.7 Argentina
14.6.7.1 Argentina Insurance Telematics Market by Type
14.6.7.2 Argentina Insurance Telematics Market by Technology
14.6.7.3 Argentina Insurance Telematics Market by Offering
14.6.7.4 Argentina Insurance Telematics Market by End-Use
14.6.8 Colombia
14.6.8.1 Colombia Insurance Telematics Market by Type
14.6.8.2 Colombia Insurance Telematics Market by Technology
14.6.8.3 Colombia Insurance Telematics Market by Offering
14.6.8.4 Colombia Insurance Telematics Market by End-Use
14.6.9 Rest of Latin America
14.6.9.1 Rest of Latin America Insurance Telematics Market by Type
14.6.9.2 Rest of Latin America Insurance Telematics Market by Technology
14.6.9.3 Rest of Latin America Insurance Telematics Market by Offering
14.6.9.4 Rest of Latin America Insurance Telematics Market by End-Use

15. Company Profile
15.1 Agero Inc.
15.1.1 Company Overview
15.1.2 Financials
15.1.3Product/Services/Offerings
15.1.4 SWOT Analysis
15.1.5 The SNS View
15.2 Aplicom
15.2.1 Company Overview
15.2.2 Financials
15.2.3Product/Services/Offerings
15.2.4 SWOT Analysis
15.2.5 The SNS View
15.3 Intelligent Mechatronic System
15.3.1 Company Overview
15.3.2 Financials
15.3.3Product/Services/Offerings
15.3.4 SWOT Analysis
15.3.5 The SNS View
15.4 Masternaut Ltd.
15.4.1 Company Overview
15.4.2 Financials
15.4.3Product/Services/Offerings
15.4.4 SWOT Analysis
15.4.5 The SNS View
15.5 Meta System S.p.A
15.5.1 Company Overview
15.5.2 Financials
15.5.3Product/Services/Offerings
15.5.4 SWOT Analysis
15.5.5 The SNS View
15.6 MiX Telematics Ltd.
15.6.1 Company Overview
15.6.2 Financials
15.6.3Product/Services/Offerings
15.6.4 SWOT Analysis
15.6.5 The SNS View
15.7 Octo Telematics S.p.A
15.7.1 Company Overview
15.7.2 Financials
15.7.3Product/Services/Offerings
15.7.4 SWOT Analysis
15.7.5 The SNS View
15.8 Sierra Wireless Inc.
15.8.1 Company Overview
15.8.2 Financial
15.8.3Product/Services/Offerings
15.8.4 SWOT Analysis
15.8.5 The SNS View
15.9 TomTom Telematics BV
15.9.1 Company Overview
15.9.2 Financials
15.9.3 Product/Service/Offerings
15.9.4 SWOT Analysis
15.9.5 The SNS View
15.10 TRIMBLE INC
15.10.1 Company Overview
15.10.2 Financials
15.10.3 Product/Service/Offerings
15.10.4 SWOT Analysis
15.10.5 The SNS View

16. Competitive Landscape
16.1 Competitive Benchmarking
16.2 Company Share Analysis
16.3 Recent Developments
16.3.1 Industry News
16.3.2 Company News
16.3.3 Mergers & Acquisitions

17. USE Cases and Best Practices

18. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.

Data Bank Validation

Step 4: QA/QC Process

After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.

Step 5: Final QC/QA Process:

This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.

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