Market Share of IoT Insurance Industry
The IoT insurance market is highly competitive, due to the market's large and small businesses' existence, which allows them to compete on both domestic and global marketplaces. Due to the presence of so many technology behemoths, the market seems to be fragmented. IBM Corporation, Microsoft Corporation, Intel Corporation, and SAP SE are a few of the market's main participants.
- July 2022 - SAP and NTT DATA announced Co-Innovation Solution Connected Product to Track Fragile and Sensitive Cargo Shipments and Facilitate Insurance Procedures, where By enabling end-to-end, real-time monitoring of the transportation conditions, the solution can monitor all variables that could affect a shipment, and automatically trigger and execute insurance policies if goods are not transported under certain pre-defined conditions. Utilizing SAP Business Network for Logistics helps improve accountability for each stakeholder and makes transport insurance management easier.
Internet of Things (IoT) Insurance Market Leaders
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IBM Corporation
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Microsoft Corporation
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Intel Corporation
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Oracle Corporation
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Telit Communications PLC
*Disclaimer: Major Players sorted in no particular order
