DUBLIN, Aug. 14, 2020 /PRNewswire/ — The “IoT Insurance Market Report: Trends, Forecast and Competitive Analysis” report has been added to ResearchAndMarkets.com’s offering.
The global IoT insurance market is expected to grow with a CAGR of 60% from 2019 to 2024. The study includes the IoT insurance market size and forecast through 2024, segmented by insurance type, end-use industry, and the region.
The future of the IoT insurance market looks promising with opportunities in the automotive and transportation, home and commercial buildings, life and health, business and enterprise, and consumer electronics and industrial machine industries. The major drivers for this market are the growing adoption of internet of things (IoT) products, growing demand of cloud platform and other value added services in the insurance industry and reduction in premium and risk related costs.
Some of the IoT insurance companies profiled in this report include International Business Machines Corporation (IBM),