The Global Insurance Telematics Market size is expected to grow at an annual average of 16.3% during 2019-2025. Insurance telematics is considered one of the few modes that guarantee future security for the majority of businesses, and demand is expected to increase significantly in the coming years. Telematics insurance usually works by setting up a device called a black box that records the vehicle with other metrics of the latter, such as speed, distance, and type of road being traveled. The device also monitors the braking patterns and driving styles used by insurance companies to calculate premiums.
The following players are covered in this report:
By Deployment type:
- Cloud
- On-Premises
By Organization size:
- Small and Medium Enterprises
- Large Enterprises
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
