Global IoT Insurance Market Assessment, By Component [Solution, Service], By Insurance Type [Auto Insurance, Life and Health Insurance, Home Insurance, Property and Casualty Insurance, Travel Insurance, Others], By End-user [Retail and Commercial, Residential, Automotive, Industrial, Healthcare, Logistics and Navigation, Others], By Region, Opportunities and Forecast, 2017-2031F

Global IoT insurance market is projected to witness a CAGR of 25.44% during the forecast period 2024-2031, growing from USD 30.27 billion in 2023 to USD 185.57 billion in 2031. 

IoT Insurance Market Size, Share, Growth & Forecast 2031

Global IoT Insurance Market Assessment, Opportunities and Forecast, 2017-2031F

The global IoT insurance market is expected to experience growth due to the increase in IoT adoption in both developed and emerging economies, emergence of 5G technology, ease in internet access across the world etc., which is aiding to its growth.

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