Global IoT Insurance Market Research Report 2023

A key driving factor for the growth of the market is the growing adoption of Internet of Things (IoT) for various insurance applications such as health, life, automobiles, travel, and agriculture sectors, among others.

The global IoT Insurance market was valued at US$ million in 2022 and is anticipated to reach US$ million by 2029, witnessing a CAGR of % during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

APAC region to be the fastest-growing market for IoT insurance.

This report aims to provide a comprehensive presentation of the global market for IoT Insurance, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding IoT Insurance.

The IoT Insurance market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global IoT Insurance market comprehensively. Regional market sizes, concerning products by type, by application, and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the IoT Insurance companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.

1.1 Study Scope

1.2 Market Analysis by Type

1.2.1 Global IoT Insurance Market Size Growth Rate by Type: 2018 VS 2022 VS 2029

1.2.2 Long-Term Insurance

1.2.3 Short-Term Insurance

1.3 Market by Application

1.3.1 Global IoT Insurance Market Growth by Application: 2018 VS 2022 VS 2029

1.3.2 Automotive & Transportation

1.3.3 Home & Commercial Buildings

1.3.4 Life & Health

1.4 Study Objectives

1.5 Years Considered

1.6 Years Considered

2.1 Global IoT Insurance Market Perspective (2018-2029)

2.2 IoT Insurance Growth Trends by Region

2.2.1 Global IoT Insurance Market Size by Region: 2018 VS 2022 VS 2029

2.2.2 IoT Insurance Historic Market Size by Region (2018-2023)

2.2.3 IoT Insurance Forecasted Market Size by Region (2024-2029)

2.3 IoT Insurance Market Dynamics

2.3.1 IoT Insurance Industry Trends

2.3.2 IoT Insurance Market Drivers

2.3.3 IoT Insurance Market Challenges

2.3.4 IoT Insurance Market Restraints

3.1 Global Top IoT Insurance Players by Revenue

3.1.1 Global Top IoT Insurance Players by Revenue (2018-2023)

3.1.2 Global IoT Insurance Revenue Market Share by Players (2018-2023)

3.2 Global IoT Insurance Market Share by Company Type (Tier 1, Tier 2, and Tier 3)

3.3 Players Covered: Ranking by IoT Insurance Revenue

3.4 Global IoT Insurance Market Concentration Ratio

3.4.1 Global IoT Insurance Market Concentration Ratio (CR5 and HHI)

3.4.2 Global Top 10 and Top 5 Companies by IoT Insurance Revenue in 2022

3.5 IoT Insurance Key Players Head office and Area Served

3.6 Key Players IoT Insurance Product Solution and Service

3.7 Date of Enter into IoT Insurance Market

3.8 Mergers & Acquisitions, Expansion Plans

4.1 Global IoT Insurance Historic Market Size by Type (2018-2023)

4.2 Global IoT Insurance Forecasted Market Size by Type (2024-2029)

5.1 Global IoT Insurance Historic Market Size by Application (2018-2023)

5.2 Global IoT Insurance Forecasted Market Size by Application (2024-2029)

6.1 North America IoT Insurance Market Size (2018-2029)

6.2 North America IoT Insurance Market Growth Rate by Country: 2018 VS 2022 VS 2029

6.3 North America IoT Insurance Market Size by Country (2018-2023)

6.4 North America IoT Insurance Market Size by Country (2024-2029)

6.5 United States

6.6 Canada

7.1 Europe IoT Insurance Market Size (2018-2029)

7.2 Europe IoT Insurance Market Growth Rate by Country: 2018 VS 2022 VS 2029

7.3 Europe IoT Insurance Market Size by Country (2018-2023)

7.4 Europe IoT Insurance Market Size by Country (2024-2029)

7.5 Germany

7.6 France

7.7 U.K.

7.8 Italy

7.9 Russia

7.10 Nordic Countries

8.1 Asia-Pacific IoT Insurance Market Size (2018-2029)

8.2 Asia-Pacific IoT Insurance Market Growth Rate by Region: 2018 VS 2022 VS 2029

8.3 Asia-Pacific IoT Insurance Market Size by Region (2018-2023)

8.4 Asia-Pacific IoT Insurance Market Size by Region (2024-2029)

8.5 China

8.6 Japan

8.7 South Korea

8.8 Southeast Asia

8.9 India

8.10 Australia

9.1 Latin America IoT Insurance Market Size (2018-2029)

9.2 Latin America IoT Insurance Market Growth Rate by Country: 2018 VS 2022 VS 2029

9.3 Latin America IoT Insurance Market Size by Country (2018-2023)

9.4 Latin America IoT Insurance Market Size by Country (2024-2029)

9.5 Mexico

9.6 Brazil

10.1 Middle East & Africa IoT Insurance Market Size (2018-2029)

10.2 Middle East & Africa IoT Insurance Market Growth Rate by Country: 2018 VS 2022 VS 2029

10.3 Middle East & Africa IoT Insurance Market Size by Country (2018-2023)

10.4 Middle East & Africa IoT Insurance Market Size by Country (2024-2029)

10.5 Turkey

10.6 Saudi Arabia

10.7 UAE

11.1 International Business Machines

11.1.1 International Business Machines Company Detail

11.1.2 International Business Machines Business Overview

11.1.3 International Business Machines IoT Insurance Introduction

11.1.4 International Business Machines Revenue in IoT Insurance Business (2018-2023)

11.1.5 International Business Machines Recent Development

11.2 Sap

11.2.1 Sap Company Detail

11.2.2 Sap Business Overview

11.2.3 Sap IoT Insurance Introduction

11.2.4 Sap Revenue in IoT Insurance Business (2018-2023)

11.2.5 Sap Recent Development

11.3 Oracle

11.3.1 Oracle Company Detail

11.3.2 Oracle Business Overview

11.3.3 Oracle IoT Insurance Introduction

11.3.4 Oracle Revenue in IoT Insurance Business (2018-2023)

11.3.5 Oracle Recent Development

11.4 Google

11.4.1 Google Company Detail

11.4.2 Google Business Overview

11.4.3 Google IoT Insurance Introduction

11.4.4 Google Revenue in IoT Insurance Business (2018-2023)

11.4.5 Google Recent Development

11.5 Microsoft

11.5.1 Microsoft Company Detail

11.5.2 Microsoft Business Overview

11.5.3 Microsoft IoT Insurance Introduction

11.5.4 Microsoft Revenue in IoT Insurance Business (2018-2023)

11.5.5 Microsoft Recent Development

11.6 Cisco Systems

11.6.1 Cisco Systems Company Detail

11.6.2 Cisco Systems Business Overview

11.6.3 Cisco Systems IoT Insurance Introduction

11.6.4 Cisco Systems Revenue in IoT Insurance Business (2018-2023)

11.6.5 Cisco Systems Recent Development

11.7 Accenture

11.7.1 Accenture Company Detail

11.7.2 Accenture Business Overview

11.7.3 Accenture IoT Insurance Introduction

11.7.4 Accenture Revenue in IoT Insurance Business (2018-2023)

11.7.5 Accenture Recent Development

11.8 Verisk Analytics

11.8.1 Verisk Analytics Company Detail

11.8.2 Verisk Analytics Business Overview

11.8.3 Verisk Analytics IoT Insurance Introduction

11.8.4 Verisk Analytics Revenue in IoT Insurance Business (2018-2023)

11.8.5 Verisk Analytics Recent Development

11.9 Concirrus

11.9.1 Concirrus Company Detail

11.9.2 Concirrus Business Overview

11.9.3 Concirrus IoT Insurance Introduction

11.9.4 Concirrus Revenue in IoT Insurance Business (2018-2023)

11.9.5 Concirrus Recent Development

11.10 Lexisnexis

11.10.1 Lexisnexis Company Detail

11.10.2 Lexisnexis Business Overview

11.10.3 Lexisnexis IoT Insurance Introduction

11.10.4 Lexisnexis Revenue in IoT Insurance Business (2018-2023)

11.10.5 Lexisnexis Recent Development

11.11 Zonoff

11.11.1 Zonoff Company Detail

11.11.2 Zonoff Business Overview

11.11.3 Zonoff IoT Insurance Introduction

11.11.4 Zonoff Revenue in IoT Insurance Business (2018-2023)

11.11.5 Zonoff Recent Development

13.1 Research Methodology

13.1.1 Methodology/Research Approach

13.1.2 Data Source

13.2 Disclaimer

13.3 Author Details

List of Tables

    Table 1. Global IoT Insurance Market Size Growth Rate by Type (US$ Million): 2018 VS 2022 VS 2029

    Table 2. Key Players of Long-Term Insurance

    Table 3. Key Players of Short-Term Insurance

    Table 4. Global IoT Insurance Market Size Growth by Application (US$ Million): 2018 VS 2022 VS 2029

    Table 5. Global IoT Insurance Market Size by Region (US$ Million): 2018 VS 2022 VS 2029

    Table 6. Global IoT Insurance Market Size by Region (2018-2023) & (US$ Million)

    Table 7. Global IoT Insurance Market Share by Region (2018-2023)

    Table 8. Global IoT Insurance Forecasted Market Size by Region (2024-2029) & (US$ Million)

    Table 9. Global IoT Insurance Market Share by Region (2024-2029)

    Table 10. IoT Insurance Market Trends

    Table 11. IoT Insurance Market Drivers

    Table 12. IoT Insurance Market Challenges

    Table 13. IoT Insurance Market Restraints

    Table 14. Global IoT Insurance Revenue by Players (2018-2023) & (US$ Million)

    Table 15. Global IoT Insurance Market Share by Players (2018-2023)

    Table 16. Global Top IoT Insurance Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in IoT Insurance as of 2022)

    Table 17. Ranking of Global Top IoT Insurance Companies by Revenue (US$ Million) in 2022

    Table 18. Global 5 Largest Players Market Share by IoT Insurance Revenue (CR5 and HHI) & (2018-2023)

    Table 19. Key Players Headquarters and Area Served

    Table 20. Key Players IoT Insurance Product Solution and Service

    Table 21. Date of Enter into IoT Insurance Market

    Table 22. Mergers & Acquisitions, Expansion Plans

    Table 23. Global IoT Insurance Market Size by Type (2018-2023) & (US$ Million)

    Table 24. Global IoT Insurance Revenue Market Share by Type (2018-2023)

    Table 25. Global IoT Insurance Forecasted Market Size by Type (2024-2029) & (US$ Million)

    Table 26. Global IoT Insurance Revenue Market Share by Type (2024-2029)

    Table 27. Global IoT Insurance Market Size by Application (2018-2023) & (US$ Million)

    Table 28. Global IoT Insurance Revenue Market Share by Application (2018-2023)

    Table 29. Global IoT Insurance Forecasted Market Size by Application (2024-2029) & (US$ Million)

    Table 30. Global IoT Insurance Revenue Market Share by Application (2024-2029)

    Table 31. North America IoT Insurance Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 32. North America IoT Insurance Market Size by Country (2018-2023) & (US$ Million)

    Table 33. North America IoT Insurance Market Size by Country (2024-2029) & (US$ Million)

    Table 34. Europe IoT Insurance Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 35. Europe IoT Insurance Market Size by Country (2018-2023) & (US$ Million)

    Table 36. Europe IoT Insurance Market Size by Country (2024-2029) & (US$ Million)

    Table 37. Asia-Pacific IoT Insurance Market Size Growth Rate by Region (US$ Million): 2018 VS 2022 VS 2029

    Table 38. Asia-Pacific IoT Insurance Market Size by Region (2018-2023) & (US$ Million)

    Table 39. Asia-Pacific IoT Insurance Market Size by Region (2024-2029) & (US$ Million)

    Table 40. Latin America IoT Insurance Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 41. Latin America IoT Insurance Market Size by Country (2018-2023) & (US$ Million)

    Table 42. Latin America IoT Insurance Market Size by Country (2024-2029) & (US$ Million)

    Table 43. Middle East & Africa IoT Insurance Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 44. Middle East & Africa IoT Insurance Market Size by Country (2018-2023) & (US$ Million)

    Table 45. Middle East & Africa IoT Insurance Market Size by Country (2024-2029) & (US$ Million)

    Table 46. International Business Machines Company Detail

    Table 47. International Business Machines Business Overview

    Table 48. International Business Machines IoT Insurance Product

    Table 49. International Business Machines Revenue in IoT Insurance Business (2018-2023) & (US$ Million)

    Table 50. International Business Machines Recent Development

    Table 51. Sap Company Detail

    Table 52. Sap Business Overview

    Table 53. Sap IoT Insurance Product

    Table 54. Sap Revenue in IoT Insurance Business (2018-2023) & (US$ Million)

    Table 55. Sap Recent Development

    Table 56. Oracle Company Detail

    Table 57. Oracle Business Overview

    Table 58. Oracle IoT Insurance Product

    Table 59. Oracle Revenue in IoT Insurance Business (2018-2023) & (US$ Million)

    Table 60. Oracle Recent Development

    Table 61. Google Company Detail

    Table 62. Google Business Overview

    Table 63. Google IoT Insurance Product

    Table 64. Google Revenue in IoT Insurance Business (2018-2023) & (US$ Million)

    Table 65. Google Recent Development

    Table 66. Microsoft Company Detail

    Table 67. Microsoft Business Overview

    Table 68. Microsoft IoT Insurance Product

    Table 69. Microsoft Revenue in IoT Insurance Business (2018-2023) & (US$ Million)

    Table 70. Microsoft Recent Development

    Table 71. Cisco Systems Company Detail

    Table 72. Cisco Systems Business Overview

    Table 73. Cisco Systems IoT Insurance Product

    Table 74. Cisco Systems Revenue in IoT Insurance Business (2018-2023) & (US$ Million)

    Table 75. Cisco Systems Recent Development

    Table 76. Accenture Company Detail

    Table 77. Accenture Business Overview

    Table 78. Accenture IoT Insurance Product

    Table 79. Accenture Revenue in IoT Insurance Business (2018-2023) & (US$ Million)

    Table 80. Accenture Recent Development

    Table 81. Verisk Analytics Company Detail

    Table 82. Verisk Analytics Business Overview

    Table 83. Verisk Analytics IoT Insurance Product

    Table 84. Verisk Analytics Revenue in IoT Insurance Business (2018-2023) & (US$ Million)

    Table 85. Verisk Analytics Recent Development

    Table 86. Concirrus Company Detail

    Table 87. Concirrus Business Overview

    Table 88. Concirrus IoT Insurance Product

    Table 89. Concirrus Revenue in IoT Insurance Business (2018-2023) & (US$ Million)

    Table 90. Concirrus Recent Development

    Table 91. Lexisnexis Company Detail

    Table 92. Lexisnexis Business Overview

    Table 93. Lexisnexis IoT Insurance Product

    Table 94. Lexisnexis Revenue in IoT Insurance Business (2018-2023) & (US$ Million)

    Table 95. Lexisnexis Recent Development

    Table 96. Zonoff Company Detail

    Table 97. Zonoff Business Overview

    Table 98. Zonoff IoT Insurance Product

    Table 99. Zonoff Revenue in IoT Insurance Business (2018-2023) & (US$ Million)

    Table 100. Zonoff Recent Development

    Table 101. Research Programs/Design for This Report

    Table 102. Key Data Information from Secondary Sources

    Table 103. Key Data Information from Primary Sources

List of Figures

    Figure 1. Global IoT Insurance Market Size Comparison by Type (2023-2029) & (US$ Million)

    Figure 2. Global IoT Insurance Market Share by Type: 2022 VS 2029

    Figure 3. Long-Term Insurance Features

    Figure 4. Short-Term Insurance Features

    Figure 5. Global IoT Insurance Market Size Comparison by Application (2023-2029) & (US$ Million)

    Figure 6. Global IoT Insurance Market Share by Application: 2022 VS 2029

    Figure 7. Automotive & Transportation Case Studies

    Figure 8. Home & Commercial Buildings Case Studies

    Figure 9. Life & Health Case Studies

    Figure 10. IoT Insurance Report Years Considered

    Figure 11. Global IoT Insurance Market Size (US$ Million), Year-over-Year: 2018-2029

    Figure 12. Global IoT Insurance Market Size, (US$ Million), 2018 VS 2022 VS 2029

    Figure 13. Global IoT Insurance Market Share by Region: 2022 VS 2029

    Figure 14. Global IoT Insurance Market Share by Players in 2022

    Figure 15. Global Top IoT Insurance Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in IoT Insurance as of 2022)

    Figure 16. The Top 10 and 5 Players Market Share by IoT Insurance Revenue in 2022

    Figure 17. North America IoT Insurance Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 18. North America IoT Insurance Market Share by Country (2018-2029)

    Figure 19. United States IoT Insurance Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 20. Canada IoT Insurance Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 21. Europe IoT Insurance Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 22. Europe IoT Insurance Market Share by Country (2018-2029)

    Figure 23. Germany IoT Insurance Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 24. France IoT Insurance Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 25. U.K. IoT Insurance Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 26. Italy IoT Insurance Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 27. Russia IoT Insurance Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 28. Nordic Countries IoT Insurance Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 29. Asia-Pacific IoT Insurance Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 30. Asia-Pacific IoT Insurance Market Share by Region (2018-2029)

    Figure 31. China IoT Insurance Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 32. Japan IoT Insurance Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 33. South Korea IoT Insurance Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 34. Southeast Asia IoT Insurance Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 35. India IoT Insurance Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 36. Australia IoT Insurance Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 37. Latin America IoT Insurance Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 38. Latin America IoT Insurance Market Share by Country (2018-2029)

    Figure 39. Mexico IoT Insurance Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 40. Brazil IoT Insurance Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 41. Middle East & Africa IoT Insurance Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 42. Middle East & Africa IoT Insurance Market Share by Country (2018-2029)

    Figure 43. Turkey IoT Insurance Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 44. Saudi Arabia IoT Insurance Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 45. International Business Machines Revenue Growth Rate in IoT Insurance Business (2018-2023)

    Figure 46. Sap Revenue Growth Rate in IoT Insurance Business (2018-2023)

    Figure 47. Oracle Revenue Growth Rate in IoT Insurance Business (2018-2023)

    Figure 48. Google Revenue Growth Rate in IoT Insurance Business (2018-2023)

    Figure 49. Microsoft Revenue Growth Rate in IoT Insurance Business (2018-2023)

    Figure 50. Cisco Systems Revenue Growth Rate in IoT Insurance Business (2018-2023)

    Figure 51. Accenture Revenue Growth Rate in IoT Insurance Business (2018-2023)

    Figure 52. Verisk Analytics Revenue Growth Rate in IoT Insurance Business (2018-2023)

    Figure 53. Concirrus Revenue Growth Rate in IoT Insurance Business (2018-2023)

    Figure 54. Lexisnexis Revenue Growth Rate in IoT Insurance Business (2018-2023)

    Figure 55. Zonoff Revenue Growth Rate in IoT Insurance Business (2018-2023)

    Figure 56. Bottom-up and Top-down Approaches for This Report

    Figure 57. Data Triangulation

    Figure 58. Key Executives Interviewed