Usage Based Insurance Market size was valued at USD 29.46 Billion in 2023 and the total Usage Based Insurance Market revenue is expected to grow at a CAGR of 23.4% from 2024 to 2030, reaching nearly USD 128.36 Billion by 2030.Usage Based Insurance Market Overview
The Usage Based insurance market is a model where premiums are determined by the individual’s driving behavior, distance, and time spent on the road, rather than traditional static factors like age and location. Usage Based insurance market relies on telematics devices or mobile apps to monitor metrics such as speed, braking patterns, and mileage. This personalized approach provides safer drivers with potential discounts and encourages more responsible driving. The key market drivers include advancements in telematics technology, increasing consumer preference for cost-effective insurance, the rise of connected vehicles, and regulatory support for more transparent pricing. The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.To know about the Research Methodology:-Request Free Sample Report
Usage Based Insurance Market Dynamics: -
Advancements in Telematics and IoT Technology The rapid evolution of telematics and Internet of Things (IoT) technologies is a major driver for the Usage Based insurance market. These innovations enable insurers to collect real-time driving data, such as speed, mileage, and driver behavior, offering more accurate risk assessments. Telematics devices are becoming more affordable and accessible, making it easier for insurance companies to implement Usage Based insurance solutions. This not only enhances the customization of insurance premiums but also leads to more competitive pricing. As vehicles become more connected, the adoption of Usage Based insurance will likely continue to grow, providing consumers with tailored policies that reflect their individual driving habits. Privacy and Data Security Concerns A key challenge facing the Usage Based insurance market is the issue of privacy and data security. Telematics devices and mobile apps collect extensive personal data, such as location, driving behavior, and trip history. While this data is crucial for determining risk and calculating premiums, it raises concerns about how insurers use and protect this information. Unauthorized access, hacking, or misuse of driving data could undermine consumer trust in Usage Based insurance solutions. Moreover, stringent data protection regulations such as GDPR in Europe and CCPA in California place additional burdens on insurers to ensure compliance. Overcoming these privacy concerns is essential for broader market acceptance and growth. Growing Electric and Autonomous Vehicle Market The rise of electric vehicles (EVs) and the gradual shift toward autonomous driving present a significant opportunity for the Usage Based insurance market. EV owners typically exhibit different driving patterns compared to traditional car owners, such as more urban driving and shorter trips. Usage Based insurance can cater to these unique driving behaviors by offering flexible premiums that align with the specific needs of EV drivers. Additionally, as autonomous vehicles become more mainstream, they will demand more dynamic insurance models that can assess real-time data on performance and safety features. Usage Based insurance's ability to adapt to these new vehicle technologies positions it well for future growth as the automotive industry evolves.Usage Based Insurance Market Segment Analysis
The Usage Based insurance market is segmented into Package type, technology, vehicle, vehicle age, and geography. In terms of Package Type, Pay-As-You-Drive (PAYD) is to grow faster it provides fast-moving advances in technology, there has been a perceptive shift in consumer attitudes and practices, and it has higher flexibility and freedom to consumers. In the Technology segment, a black box will be growing faster as the increase in accounting number of total market revenue and customer preference for its accurate and timely data collection capabilities will boost the demand in a market.Usage Based Insurance Market Regional Analysis
Based on Region, the North America region accounted for the highest share of the market in 2023. The large share of this region is attributed to the increasing popularity of Usage Based insurance owing to the unique benefits provided by them. Moreover, the increase in the number of vehicles sold and rising government initiatives to promote this insurance systems will positively influence the market growth in the coming years. Furthermore, the increasing focus of market players toward innovative marketing strategies coupled with the growing availability of apps to assist the drivers is propelling the market growth. Asia-Pacific region is projected to be the fastest-growing region in the forecasting period. The highest rates of car ownership in this region coupled with the increasing need for cost-effective insurance solutions are expected to fuel the market growth during the forecast period. Moreover, increased affordability to low-risk customers and a reduction in fraudulent claims are the benefits that drive the adoption of Usage Based insurance in the Asia Pacific region. The objective of the report is to present a comprehensive analysis of Global Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market are presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Market dynamics, structure by analyzing the market segments and project the Global Market size. Clear representation of competitive analysis of key players By Type, Price, Financial position, Product portfolio, Growth strategies, and regional presence in the Global Market make the report investor’s guide.Usage Based Insurance Industry Ecosystem
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Usage-Based Insurance Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: USD 29.46 Bn Forecast Period 2024 to 2030 CAGR: 27.3% Market Size in 2030: USD 128.36 Bn Segments Covered: by Type Pay-As-You-Drive (PAYD) Pay-How-You-Drive (PHYD) Manage-How-You-Drive (MHYD) by Technology Type OBD-II Smartphone Hybrid Black Box Others by Vehicle Type Passenger Vehicle Commercial Vehicle by Vehicle Age New Vehicles Used Vehicles Usage-Based Insurance Market, by Region
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) North America (United States, Canada and Mexico) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Key Players:
1. Octo Telematics S.p.A. 2. Intelligent Mechatronic Systems 3. Allianz SE 4. Insure the Box Ltd 5. Progressive Corporation 6. Allstate Corporation 7. Desjardins Insurance 8. Generali Group 9. Mapfre S.A. 10. Metromile 11. Aviva plc 12. Watchstone Group 13. Sierra Wireless 14. Mechatronic Systems Inc. 15. TrueMotion 16. Cambridge Mobile Telematics 17. Modus Group, LLC 18. Inseego Corp 19. The Floow Limited 20. Vodafone 21. TomTom InternationalFrequently Asked Questions:
1. Which region has the largest share in the Global Usage Based Insurance Market? Ans: The North America region held the highest share in 2023. 2. What is the growth rate of the Global Usage Based Insurance Market? Ans: The Global Usage Based Insurance Market is expected to grow at a CAGR of 23.4% during forecasting period 2024-2030. 3. What is scope of the Global Usage Based Insurance market report? Ans: Global Usage Based Insurance Market report helps with the PESTEL, PORTER, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in the Global Usage Based Insurance market? Ans: The important key players in the Global Usage Based Insurance Market are – AXA Group, Octo Telematics S.p.A., Intelligent Mechatronic Systems, Allianz SE, Insure the Box Ltd, Progressive Corporation, Allstate Corporation, Desjardins Insurance, Generali Group, Mapfre S.A., Metromile, Aviva plc, and Watchstone Group. 5. What is the study period of this market? Ans: The Global Usage Based Insurance Market is studied from 2018 to 2030.
1. Usage Based Insurance Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Global Usage Based Insurance Market: Competitive Landscape 2.1. MMR Competition Matrix 2.2. Competitive Landscape 2.3. Market share analysis of major players 2.4. Products specific analysis 2.4.1. Main suppliers and their market positioning 2.4.2. Key customers and adoption rates across different sectors 2.5. Key Players Benchmarking 2.5.1. Company Name 2.5.2. Product Segment 2.5.3. End-user Segment 2.5.4. Revenue (2023) 2.5.5. Geographic distribution of major customers 2.6. Market Structure 2.6.1. Market Leaders 2.6.2. Market Followers 2.6.3. Emerging Players 2.7. Mergers and Acquisitions Details 3. Market Size Estimation Methodology 3.1.1. Bottom-Up Approach 3.1.2. Top-Down Approach 4. Market Dynamics 4.1. Usage Based Insurance Market Trends By Region 4.1.1. North America Usage Based Insurance Market Trends 4.1.2. Europe Usage Based Insurance Market Trends 4.1.3. Asia Pacific Usage Based Insurance Market Trends 4.1.4. South America Usage Based Insurance Market Trends 4.1.5. Middle East & Africa (MEA) Usage Based Insurance Market Trends 4.2. Usage Based Insurance Market Dynamics 4.2.1.1. Drivers 4.2.1.2. Restraints 4.2.1.3. Opportunities 4.2.1.4. Challenges 4.3. PORTER’s Five Forces Analysis 4.3.1. Threat of New Entrants 4.3.2. Threat of Substitutes 4.3.3. Bargaining Power of Suppliers 4.3.4. Bargaining Power of Buyers 4.3.5. Intensity of Competitive Rivalry 4.4. PESTLE Analysis 4.5. Regulatory Landscape By Region 4.5.1. North America 4.5.2. Europe 4.5.3. Asia Pacific 4.5.4. South America 4.5.5. MEA 4.6. Analysis of Government Schemes and Initiatives For the Usage Based Insurance Industry 4.7. Value Chain Analysis 4.8. Average Automotive Insurance Premium Analysis 4.9. Usage Based Insurance Industry Ecosystem 4.9.1. Key Players in the Usage Based Insurance Industry Ecosystem 4.9.2. Role of Companies in the Usage Based Insurance Industry Ecosystem 4.10. Patent Analysis 4.10.1. Key Companies with the Highest number of Patents 4.10.2. Patent Registration Analysis 4.10.3. Number of Patents Granted Still 2024 4.11. Technology Analysis 4.11.1. Key Technologies 4.11.2. Complementary Technology 4.11.3. Adjacent Technology 4.12. Investment and Funding Scenario 4.12.1. Major Investment and Funding 5. Usage Based Insurance Market: Global Market Size and Forecast By Segmentation (By Value USD Bn) (2023-2030) 5.1. Usage Based Insurance Market Size and Forecast, By Type (2023-2030) 5.1.1. Pay-As-You-Drive (PAYD) 5.1.2. Pay-How-You-Drive (PHYD) 5.1.3. Manage-How-You-Drive (MHYD) 5.2. Usage Based Insurance Market Size and Forecast, By Technology (2023-2030) 5.2.1. OBD-II 5.2.2. Smartphone 5.2.3. Hybrid 5.2.4. Black Box 5.2.5. Others 5.3. Usage Based Insurance Market Size and Forecast, By Vehicle Type (2023-2030) 5.3.1. Passenger Vehicle 5.3.2. Commercial Vehicle 5.4. Usage Based Insurance Market Size and Forecast, By Vehicle Age (2023-2030) 5.4.1. New Vehicles 5.4.2. Used Vehicles 5.5. Usage Based Insurance Market Size and Forecast, By Region (2023-2030) 5.5.1. North America 5.5.2. Europe 5.5.3. Asia Pacific 5.5.4. South America 5.5.5. MEA 6. North America Usage Based Insurance Market Size and Forecast By Segmentation (By Value USD Bn) (2023-2030) 6.1. North America Usage Based Insurance Market Size and Forecast, By Type (2023-2030) 6.1.1. Pay-As-You-Drive (PAYD) 6.1.2. Pay-How-You-Drive (PHYD) 6.1.3. Manage-How-You-Drive (MHYD) 6.2. North America Usage Based Insurance Market Size and Forecast, By Technology (2023-2030) 6.2.1. OBD-II 6.2.2. Smartphone 6.2.3. Hybrid 6.2.4. Black Box 6.2.5. Others 6.3. North America Usage Based Insurance Market Size and Forecast, By Vehicle Type (2023-2030) 6.3.1. Passenger Vehicle 6.3.2. Commercial Vehicle 6.4. North America Usage Based Insurance Market Size and Forecast, By Vehicle Age (2023-2030) 6.4.1. New Vehicles 6.4.2. Used Vehicles 6.5. North America Usage Based Insurance Market Size and Forecast, By Country (2023-2030) 6.5.1. United States 6.5.1.1. United States Usage Based Insurance Market Size and Forecast, By Type (2023-2030) 6.5.1.1.1. Pay-As-You-Drive (PAYD) 6.5.1.1.2. Pay-How-You-Drive (PHYD) 6.5.1.1.3. Manage-How-You-Drive (MHYD) 6.5.1.2. United States Usage Based Insurance Market Size and Forecast, By Technology (2023-2030) 6.5.1.2.1. OBD-II 6.5.1.2.2. Smartphone 6.5.1.2.3. Hybrid 6.5.1.2.4. Black Box 6.5.1.2.5. Others 6.5.1.3. United States Usage Based Insurance Market Size and Forecast, By Vehicle Type (2023-2030) 6.5.1.3.1. Passenger Vehicle 6.5.1.3.2. Commercial Vehicle 6.5.1.4. United States Usage Based Insurance Market Size and Forecast By Vehicle Age (2023-2030) 6.5.1.4.1. New Vehicles 6.5.1.4.2. Used Vehicles 6.5.2. Canada 6.5.2.1. Canada Usage Based Insurance Market Size and Forecast, By Type (2023-2030) 6.5.2.1.1. Pay-As-You-Drive (PAYD) 6.5.2.1.2. Pay-How-You-Drive (PHYD) 6.5.2.1.3. Manage-How-You-Drive (MHYD) 6.5.2.2. Canada Usage Based Insurance Market Size and Forecast, By Technology (2023-2030) 6.5.2.2.1. OBD-II 6.5.2.2.2. Smartphone 6.5.2.2.3. Hybrid 6.5.2.2.4. Black Box 6.5.2.2.5. Others 6.5.2.3. Canada Usage Based Insurance Market Size and Forecast, By Vehicle Type (2023-2030) 6.5.2.3.1. Passenger Vehicle 6.5.2.3.2. Commercial Vehicle 6.5.2.4. Canada Usage Based Insurance Market Size and Forecast, By Vehicle Age (2023-2030) 6.5.2.4.1. New Vehicles 6.5.2.4.2. Used Vehicles 6.5.3. Mexico 6.5.3.1. Mexico Usage Based Insurance Market Size and Forecast, By Type (2023-2030) 6.5.3.1.1. Pay-As-You-Drive (PAYD) 6.5.3.1.2. Pay-How-You-Drive (PHYD) 6.5.3.1.3. Manage-How-You-Drive (MHYD) 6.5.3.2. Mexico Usage Based Insurance Market Size and Forecast, By Technology (2023-2030) 6.5.3.2.1. OBD-II 6.5.3.2.2. Smartphone 6.5.3.2.3. Hybrid 6.5.3.2.4. Black Box 6.5.3.2.5. Others 6.5.3.3. Mexico Usage Based Insurance Market Size and Forecast, By Vehicle Type (2023-2030) 6.5.3.3.1. Passenger Vehicle 6.5.3.3.2. Commercial Vehicle 6.5.3.4. Mexico Usage Based Insurance Market Size and Forecast, By Vehicle Age (2023-2030) 6.5.3.4.1. New Vehicles 6.5.3.4.2. Used Vehicles 7. Europe Usage Based Insurance Market Size and Forecast By Segmentation (By Value USD Bn) (2023-2030) 7.1. Europe Usage Based Insurance Market Size and Forecast, By Type (2023-2030) 7.2. Europe Usage Based Insurance Market Size and Forecast, By Technology (2023-2030) 7.3. Europe Usage Based Insurance Market Size and Forecast, By Vehicle Type (2023-2030) 7.4. Europe Usage Based Insurance Market Size and Forecast, By Vehicle Age (2023-2030) 7.5. Europe Usage Based Insurance Market Size and Forecast, By Country (2023-2030) 7.5.1. United Kingdom 7.5.1.1. United Kingdom Usage Based Insurance Market Size and Forecast, By Type (2023-2030) 7.5.1.2. United Kingdom Usage Based Insurance Market Size and Forecast, By Technology (2023-2030) 7.5.1.3. United Kingdom Usage Based Insurance Market Size and Forecast, By Vehicle Type (2023-2030) 7.5.1.4. United Kingdom Usage Based Insurance Market Size and Forecast By Vehicle Age (2023-2030) 7.5.2. France 7.5.2.1. France Usage Based Insurance Market Size and Forecast, By Type (2023-2030) 7.5.2.2. France Usage Based Insurance Market Size and Forecast, By Technology (2023-2030) 7.5.2.3. France Usage Based Insurance Market Size and Forecast, By Vehicle Type (2023-2030) 7.5.2.4. France Usage Based Insurance Market Size and Forecast, By Vehicle Age (2023-2030) 7.5.3. Germany 7.5.3.1. Germany Usage Based Insurance Market Size and Forecast, By Type (2023-2030) 7.5.3.2. Germany Usage Based Insurance Market Size and Forecast, By Technology (2023-2030) 7.5.3.3. Germany Usage Based Insurance Market Size and Forecast, By Vehicle Type (2023-2030) 7.5.3.4. Germany Usage Based Insurance Market Size and Forecast, By Vehicle Age (2023-2030) 7.5.4. Italy 7.5.4.1. Italy Usage Based Insurance Market Size and Forecast, By Type (2023-2030) 7.5.4.2. Italy Usage Based Insurance Market Size and Forecast, By Technology (2023-2030) 7.5.4.3. Italy Usage Based Insurance Market Size and Forecast, By Vehicle Type (2023-2030) 7.5.4.4. Italy Usage Based Insurance Market Size and Forecast, By Vehicle Age (2023-2030) 7.5.5. Spain 7.5.5.1. Spain Usage Based Insurance Market Size and Forecast, By Type (2023-2030) 7.5.5.2. Spain Usage Based Insurance Market Size and Forecast, By Technology (2023-2030) 7.5.5.3. Spain Usage Based Insurance Market Size and Forecast, By Vehicle Type (2023-2030) 7.5.5.4. Spain Usage Based Insurance Market Size and Forecast, By Vehicle Age (2023-2030) 7.5.6. Sweden 7.5.6.1. Sweden Usage Based Insurance Market Size and Forecast, By Type (2023-2030) 7.5.6.2. Sweden Usage Based Insurance Market Size and Forecast, By Technology (2023-2030) 7.5.6.3. Sweden Usage Based Insurance Market Size and Forecast, By Vehicle Type (2023-2030) 7.5.6.4. Sweden Usage Based Insurance Market Size and Forecast, By Vehicle Age (2023-2030) 7.5.7. Austria 7.5.7.1. Austria Usage Based Insurance Market Size and Forecast, By Type (2023-2030) 7.5.7.2. Austria Usage Based Insurance Market Size and Forecast, By Technology (2023-2030) 7.5.7.3. Austria Usage Based Insurance Market Size and Forecast, By Vehicle Type (2023-2030) 7.5.7.4. Austria Usage Based Insurance Market Size and Forecast, By Vehicle Age (2023-2030) 7.5.8. Rest of Europe 7.5.8.1. Rest of Europe Usage Based Insurance Market Size and Forecast, By Type (2023-2030) 7.5.8.2. Rest of Europe Usage Based Insurance Market Size and Forecast, By Technology (2023-2030) 7.5.8.3. Rest of Europe Usage Based Insurance Market Size and Forecast, By Vehicle Type (2023-2030) 7.5.8.4. Rest of Europe Usage Based Insurance Market Size and Forecast, By Vehicle Age (2023-2030) 8. Asia Pacific Usage Based Insurance Market Size and Forecast By Segmentation (By Value USD Bn) (2023-2030) 8.1. Asia Pacific Usage Based Insurance Market Size and Forecast, By Type (2023-2030) 8.2. Asia Pacific Usage Based Insurance Market Size and Forecast, By Technology (2023-2030) 8.3. Asia Pacific Usage Based Insurance Market Size and Forecast, By Vehicle Type (2023-2030) 8.4. Asia Pacific Usage Based Insurance Market Size and Forecast, By Vehicle Age (2023-2030) 8.5. Asia Pacific Usage Based Insurance Market Size and Forecast, By Country (2023-2030) 8.5.1. China 8.5.1.1. China Usage Based Insurance Market Size and Forecast, By Type (2023-2030) 8.5.1.2. China Usage Based Insurance Market Size and Forecast, By Technology (2023-2030) 8.5.1.3. China Usage Based Insurance Market Size and Forecast, By Vehicle Type (2023-2030) 8.5.1.4. China Usage Based Insurance Market Size and Forecast, By Vehicle Age (2023-2030) 8.5.2. S Korea 8.5.2.1. S Korea Usage Based Insurance Market Size and Forecast, By Type (2023-2030) 8.5.2.2. S Korea Usage Based Insurance Market Size and Forecast, By Technology (2023-2030) 8.5.2.3. S Korea Usage Based Insurance Market Size and Forecast, By Vehicle Type (2023-2030) 8.5.2.4. S Korea Usage Based Insurance Market Size and Forecast, By Vehicle Age (2023-2030) 8.5.3. Japan 8.5.3.1. Japan Usage Based Insurance Market Size and Forecast, By Type (2023-2030) 8.5.3.2. Japan Usage Based Insurance Market Size and Forecast, By Technology (2023-2030) 8.5.3.3. Japan Usage Based Insurance Market Size and Forecast, By Vehicle Type (2023-2030) 8.5.3.4. Japan Usage Based Insurance Market Size and Forecast, By Vehicle Age (2023-2030) 8.5.4. India 8.5.4.1. India Usage Based Insurance Market Size and Forecast, By Type (2023-2030) 8.5.4.2. India Usage Based Insurance Market Size and Forecast, By Technology (2023-2030) 8.5.4.3. India Usage Based Insurance Market Size and Forecast, By Vehicle Type (2023-2030) 8.5.4.4. India Usage Based Insurance Market Size and Forecast, By Vehicle Age (2023-2030) 8.5.5. Australia 8.5.5.1. Australia Usage Based Insurance Market Size and Forecast, By Type (2023-2030) 8.5.5.2. Australia Usage Based Insurance Market Size and Forecast, By Technology (2023-2030) 8.5.5.3. Australia Usage Based Insurance Market Size and Forecast, By Vehicle Type (2023-2030) 8.5.5.4. Australia Usage Based Insurance Market Size and Forecast, By Vehicle Age (2023-2030) 8.5.6. ASEAN 8.5.6.1. ASEAN Usage Based Insurance Market Size and Forecast, By Type (2023-2030) 8.5.6.2. ASEAN Usage Based Insurance Market Size and Forecast, By Technology (2023-2030) 8.5.6.3. ASEAN Usage Based Insurance Market Size and Forecast, By Vehicle Type (2023-2030) 8.5.6.4. ASEAN Usage Based Insurance Market Size and Forecast, By Vehicle Age (2023-2030) 8.5.7. Rest of Asia Pacific 8.5.7.1. Rest of Asia Pacific Usage Based Insurance Market Size and Forecast, By Type (2023-2030) 8.5.7.2. Rest of Asia Pacific Usage Based Insurance Market Size and Forecast, By Technology (2023-2030) 8.5.7.3. Rest of Asia Pacific Usage Based Insurance Market Size and Forecast, By Vehicle Type (2023-2030) 8.5.7.4. Rest of Asia Pacific Usage Based Insurance Market Size and Forecast, By Vehicle Age (2023-2030) 9. South America Usage Based Insurance Market Size and Forecast By Segmentation (By Value USD Bn) (2023-2030) 9.1. South America Usage Based Insurance Market Size and Forecast, By Type (2023-2030) 9.2. South America Usage Based Insurance Market Size and Forecast, By Technology (2023-2030) 9.3. South America Usage Based Insurance Market Size and Forecast, By Vehicle Type (2023-2030) 9.4. South America Usage Based Insurance Market Size and Forecast, By Vehicle Age (2023-2030) 9.5. South America Usage Based Insurance Market Size and Forecast, By Country (2023-2030) 9.5.1. Brazil 9.5.1.1. Brazil Usage Based Insurance Market Size and Forecast, By Type (2023-2030) 9.5.1.2. Brazil Usage Based Insurance Market Size and Forecast, By Technology (2023-2030) 9.5.1.3. Brazil Usage Based Insurance Market Size and Forecast, By Vehicle Type (2023-2030) 9.5.1.4. Brazil Usage Based Insurance Market Size and Forecast, By Vehicle Age (2023-2030) 9.5.2. Argentina 9.5.2.1. Argentina Usage Based Insurance Market Size and Forecast, By Type (2023-2030) 9.5.2.2. Argentina Usage Based Insurance Market Size and Forecast, By Technology (2023-2030) 9.5.2.3. Argentina Usage Based Insurance Market Size and Forecast, By Vehicle Type (2023-2030) 9.5.2.4. Argentina Usage Based Insurance Market Size and Forecast, By Vehicle Age (2023-2030) 9.5.3. Rest Of South America 9.5.3.1. Rest Of South America Usage Based Insurance Market Size and Forecast, By Type (2023-2030) 9.5.3.2. Rest Of South America Usage Based Insurance Market Size and Forecast, By Technology (2023-2030) 9.5.3.3. Rest Of South America Usage Based Insurance Market Size and Forecast, By Vehicle Type (2023-2030) 9.5.3.4. Rest Of South America Usage Based Insurance Market Size and Forecast, By Vehicle Age (2023-2030) 10. Middle East and Africa Usage Based Insurance Market Size and Forecast By Segmentation (By Value USD Bn) (2023-2030) 10.1. Middle East and Africa Usage Based Insurance Market Size and Forecast, By Type (2023-2030) 10.2. Middle East and Africa Usage Based Insurance Market Size and Forecast, By Technology (2023-2030) 10.3. Middle East and Africa Usage Based Insurance Market Size and Forecast, By Vehicle Type (2023-2030) 10.4. Middle East and Africa Usage Based Insurance Market Size and Forecast, By Vehicle Age (2023-2030) 10.5. Middle East and Africa Usage Based Insurance Market Size and Forecast, By Country (2023-2030) 10.5.1. South Africa 10.5.1.1. South Africa Usage Based Insurance Market Size and Forecast, By Type (2023-2030) 10.5.1.2. South Africa Usage Based Insurance Market Size and Forecast, By Technology (2023-2030) 10.5.1.3. South Africa Usage Based Insurance Market Size and Forecast, By Vehicle Type (2023-2030) 10.5.1.4. South Africa Usage Based Insurance Market Size and Forecast, By Vehicle Age (2023-2030) 10.5.2. GCC 10.5.2.1. GCC Usage Based Insurance Market Size and Forecast, By Type (2023-2030) 10.5.2.2. GCC Usage Based Insurance Market Size and Forecast, By Technology (2023-2030) 10.5.2.3. GCC Usage Based Insurance Market Size and Forecast, By Vehicle Type (2023-2030) 10.5.2.4. GCC Usage Based Insurance Market Size and Forecast, By Vehicle Age (2023-2030) 10.5.3. Rest Of MEA 10.5.3.1. Rest Of MEA Usage Based Insurance Market Size and Forecast, By Type (2023-2030) 10.5.3.2. Rest Of MEA Usage Based Insurance Market Size and Forecast, By Technology (2023-2030) 10.5.3.3. Rest Of MEA Usage Based Insurance Market Size and Forecast, By Vehicle Type (2023-2030) 10.5.3.4. Rest Of MEA Usage Based Insurance Market Size and Forecast, By Vehicle Age (2023-2030) 11. Company Profile: Key Players 11.1. Octo Telematics S.p.A. 11.1.1. Company Overview 11.1.2. Business Portfolio 11.1.3. Financial Overview 11.1.4. SWOT Analysis (Technological strengths and weaknesses) 11.1.5. Strategic Analysis (Recent strategic moves) 11.1.6. Recent Developments 11.2. Intelligent Mechatronic Systems 11.3. Allianz SE 11.4. Insure the Box Ltd 11.5. Progressive Corporation 11.6. Allstate Corporation 11.7. Desjardins Insurance 11.8. Generali Group 11.9. Mapfre S.A. 11.10. Metromile 11.11. Aviva plc 11.12. Watchstone Group 11.13. Sierra Wireless 11.14. Mechatronic Systems Inc. 11.15. TrueMotion 11.16. Cambridge Mobile Telematics 11.17. Modus Group, LLC 11.18. Inseego Corp 11.19. The Floow Limited 11.20. Vodafone 11.21. TomTom International 12. Key Findings 13. Analyst Recommendations 13.1. Attractive Opportunities for Players in the Usage Based Insurance Market 13.2. Future Outlooks 14. Usage Based Insurance Market: Research Methodology
