(IoT Business News) The IoT insurance market is expected to grow at a CAGR of 40% over the forecast period (2021-2026)

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The IoT insurance market is expected to grow at a CAGR of 40% over the forecast period (2021-2026)
Growth of the insurance sector in parallel with innovative insurance models and growing usage of IoT to reduce the premium and risk-related costs are some of the major factors driving the studied market adoption in recent years.

 

 

Global LPWAN Market to Cross $80 Bn by 2027
Europe LPWAN market is forecast to capture more than a 20% share in 2027 on account of the increasing adoption of smart cities and government support for digital transformation & smart manufacturing.

 

 

IoT market growth will slow down due to the COVID-19 pandemic and the limited take-up of LPWA solutions
“The COVID-19 pandemic presents another challenge for IoT-focused operators, who already face a squeeze on connectivity revenue.”

 

 

 

 

 

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