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Usage-Based Insurance: New business models and rising premiums driving a 205 million device industry by 2033

  • Internet of Things
  • IoT
  • Aftermarket
  • Blackbox
  • Connected Car
  • Connected Vehicles
  • Insurance
  • Insurtech
  • OBD device
  • Pay as you Drive (PAYD)
  • Usage Based Insurance
  • Vehicle Telematics
  • Matt Arnott
  • Nikita Singh
This report summarises Transforma Insights’ view on the Usage Based Insurance (UBI) Application Group found in the Transforma Insights Connected Things IoT forecast. The report covers details on the benefits of UBI, the role of connected telematics devices, potential savings, and market sentiments on the use and need for UBI devices. Mostly concentrated in developed regions such as North America and Europe, the market for usage-based insurance is typically triggered by the rising cost of insurance premiums, innovation within the local insurance industry, and shifting consumer preferences. Global adoption of UBI is still very fragmented in nature, largely due to the need to develop solutions to suit national markets. Smaller markets lag in UBI adoption due to its high cost to implement. However, the launch of connected cars equipped with OEM-backed software solutions can increase the adoption of UBI, particularly in smaller markets. This could in turn launch new vendors in the market. The report provides a detailed definition of the sector, analysis of market development and profiles of the key vendors in the space. It also provides a summary of the current status of adoption and Transforma Insights’ ten-year forecasts for the market. The forecasts include analysis of the number of IoT connections by geography, the technologies used (including splits by 2G, 3G, 4G, 5G, LPWA, short range, satellite and others), as well as the revenue split between module, value-added connectivity and services. A full set of forecast data, including country-level forecasts, sector break-downs and public/private network splits, is available through the IoT Forecast tool.
  • Allianz
  • Amaline
  • Arity
  • Audi
  • AXA
  • Belairdirect
  • ByMiles
  • Cambridge Mobile Telematics
  • Carro
  • Daimler
  • Discovery Insurance
  • Drivit
  • Erie Insurance
  • Ford
  • Greater Than
  • Hastings Direct
  • Hertz
  • HSB
  • Insure The Box
  • IMS
  • JD Power
  • Lowest Rates
  • Movinx
  • MSI
  • Munich Re
  • Nationwide Insurance
  • Octo Telematics
  • Otonomo
  • Progressive
  • Raptor
  • Scope Technology
  • State Auto Insurance
  • Swiss Re
  • Targa Telematics
  • The Floow
  • Unipol
  • Viasat
  • Telematics
  • Willis Towers Watson
  • Zego
  • Zurich Insurance
  • Internet of Things
  • Hyperconnectivity
    • Finance & Insurance

    White Goods: 1.9 billion connected devices by 2033, functioning on short range and LPWA technologies

    • Bluetooth
    • Cleaning
    • Clothes Dryer
    • Cooker
    • Cooking
    • Cooktop
    • Dishwasher
    • Dryer
    • Drying
    • Freezer
    • Fridge
    • Hob
    • Kitchen
    • Laundry
    • Oven
    • Refrigerator
    • Smart Home
    • Stove
    • Stovetop
    • Tumble Dryer
    • Washing Machine
    • Washing
    • Wi-Fi
    • Rohan Bansal
    • Matt Arnott
    This report provides Transforma Insights’ view on the White Goods market. This segment comprises Commercial and Residential White Goods, including fridges, freezers, fridge-freezers, washing machines, drying machines, washer-dryers, cooking equipment, and dishwashers. Smart connected white goods provide consumers with a host of options to run and control them via a PC, tablet, or smartphone application. These appliances typically connect via Wi-Fi, but with notable use of PLC (Power Line Communication), NFC (Near Field Communication), Bluetooth, and Zigbee. In future, manufacturers will increasingly implement LPWA connectivity on these devices for remote monitoring and diagnostics purposes. Overall, we expect the number of connected white goods devices to grow more than ten-fold between now and 2030, reaching 1.1 billion connected devices. The report provides a detailed definition of the sector, analysis of market development and profiles of the key vendors in the space. It also provides a summary of the status of adoption and Transforma Insights’ ten-year forecasts for the market. The forecasts include analysis of the number of IoT connections by geography, the technologies used (including splits by 2G, 3G, 4G, 5G, LPWA, short range, satellite, and others), as well as the revenue split between module, value-added connectivity, and services. A full set of forecast data, including country-level forecasts, sector breakdowns and public/private network splits, is available through the IoT Forecast tool.
    • Bosch
    • Electrolux
    • General Electric
    • LG
    • Liebherr
    • Magimix Nespresso
    • Miele
    • OptConnect
    • Samsung
    • ShelfX
    • Thermomix
    • WashConnect
    • Whirlpool
    • Hyperconnectivity
    • Internet of Things
      • Accommodation & Food Service
      • Health & Social Care
      • Manufacturing
      • Other Services
      • Professional, Scientific & Technical
      • Retail & Wholesale
      • Transportation & Storage

      Bosch: Digital Transformation capabilities assessment

      • Digital Transformation
      • DXSP
      • 3D Printing and Additive Manufacturing
      • Internet of Things
      • Artificial Intelligence
      • Hyperconnectivity
      • Human Machine Interface
      • Data Sharing
      • Autonomous Robotic Systems
      • Distributed Ledger
      • Edge Computing
      • Robotic Process Automation
      • Product Lifecycle Management
      • AI
      • distributed ledger
      • blockchain
      • RPA
      • Generative AI
      • Connected Products
      • Suruchi Dhingra
      This report examines the capabilities of Bosch in Digital Transformation. It provides a comprehensive review of the products, services, and capabilities of Bosch across 11 technology areas and dozens of functions, to determine its core strengths for meeting enterprise needs. The 11 technology families in which the vendors capabilities are assessed are IoT, Hyperconnectivity, Human Machine Interface, Artificial Intelligence, Distributed Ledger, Data Sharing, Product Lifecycle Management, Robotic Process Automation, Edge Computing, Autonomous Robotic Systems, and 3D Printing & Additive Manufacturing. While these might not encompass every possible technology that organisations might need in order to purse a Digital Transformation, they certainly represent the most disruptive, and therefore the ones of which enterprises should be most aware. The report includes rating across each of the technology areas and functional capabilities (specialised hardware, general hardware, software products, integrated solutions, application development, systems integration and project management, specialist services, field & operational services) using Transforma Insight’s four-level universal rating system for vendors in Digital Transformation. Internet of Things, for instance, spans hardware, software, application development, implementation, field services and specialist services. For each of the 92 combinations of function and technology, Bosch is rated for whether its capabilities are ‘Emerging’, ‘Significant’ or ‘Market Leading’ (or ‘None’). This rating is based on both the credibility of the solution and the position of the offering in the market (e.g. market share).
      • Bosch

            Building Safety & Security: 2 billion devices by 2033 providing a growing opportunity for LPWA providers

            • Internet of Things
            • IoT
            • Hyperconnectivity
            • Smart Home
            • Fire Alarms
            • Smart Home Security
            • Smoke Detectors
            • Fire Detection
            • Motion Detectors
            • Residential Security Camera
            • CCTV
            • Mesh Technology
            • Zigbee
            • Z-Wave
            • LPWA
            • Wi-Fi
            • Sigfox
            • NB-IoT
            • Rohan Bansal
            • Suruchi Dhingra
            • Matt Arnott
            The Building Safety & Security market is an expanding global opportunity underpinned by increasing adoption in newly constructed buildings and the increasing number of retrofit devices being installed in existing buildings. Growth in the construction industry and increased strategic alliances between construction companies and security vendors are resulting in high adoption in newly constructed buildings. Growing customer awareness, decreasing cost of security devices, increased fear of crime, ease of installation, and incentives from home insurance companies are factors propelling the growth of retrofit devices in existing buildings. Stringent regulations related to the installation of fire and safety devices are also driving the growth of both new building solutions and retrofit devices. The growth of this market also impacts the growth of other Application Groups such as Building Automation.
            • 50five
            • ABN Amro
            • ADT Corporation
            • Arlo Technologies
            • D.R. Horton
            • Energizer
            • Fibaro
            • Google
            • Honeywell
            • Hochiki Corporation
            • Johnson Controls
            • Kartchner Homes
            • KPN
            • Napco Security
            • Olisto
            • Qastle
            • Resideo
            • Roost
            • Sequans Communications
            • Siemens
            • Sense4Boat
            • Smockeo
            • Vivint
            • Hyperconnectivity
            • Internet of Things

                Virtual Briefing - Why an IoT connectivity portfolio needs a scalable VoLTE/VoNR capability

                • Internet of Things
                • IoT
                • voice
                • VoLTE
                • VoNR
                • IMS
                • eCall
                • elevators
                • forecast
                • webinar
                • Matt Hatton
                Transforma Insights and ng-voice explain why IoT applications increasingly need to support voice, which technologies are available and appropriate to deliver voice services, and the best way for connectivity providers to implement a scalable capability
                • ng-voice
                • Internet of Things
                • Hyperconnectivity

                    Crop and Aquaculture Management: 222 million devices enabling efficient utilisation of resources

                    • Internet of Things
                    • IoT
                    • Hyperconnectivity
                    • Smart Agriculture
                    • Crop Management
                    • Water Management
                    • Soil Management
                    • Weather Monitoring
                    • Aquaculture
                    • Environmental Monitoring
                    • Precision Agriculture
                    • Rohan Bansal
                    • Paras Sharma
                    • Matt Arnott
                    Countries around the world are working on transforming the agriculture industry by leveraging IoT to streamline and optimise their farming activities. The report provides a detailed definition of the sector, analysis of market development and profiles of the key vendors in the space. It also provides a summary of the current status of adoption and Transforma Insights’ ten-year forecasts for the market.
                    • Adroit
                    • Advantech
                    • Alibaba
                    • Alliot Technologies
                    • allMETEO
                    • Arable
                    • eFishery
                    • Endress+Hauser
                    • Esri
                    • Goanna Ag
                    • Libelium
                    • Microsoft
                    • Milesight
                    • Quadlink
                    • remOT Technologies
                    • Sensoterra
                    • Skylo
                    • Tektelic Communications
                    • The Yield
                    • Trimble
                    • Vodafone
                    • Internet of Things
                    • Hyperconnectivity
                      • Agriculture, Forestry & Fishing

                      Position Paper: Meeting the increasing regulatory challenge in IoT

                      • Internet of Things
                      • IoT
                      • regulation
                      • law
                      • device certification
                      • permanent roaming
                      • privacy
                      • data sovereignty
                      • national resilience
                      • security
                      • cybersecurity
                      • Matt Hatton
                      This report, sponsored by floLIVE, examines the regulatory environment for the Internet of Things. The main focus is on those regulations with which a company deploying IoT will need to comply. This spans topics as diverse as device certification, permanent roaming, privacy, data sovereignty, national resilience, and security. Regulation affecting IoT has been growing considerably in recent years, meaning that IoT adopters need to be increasingly aware of the rules that apply to their deployment.
                      • floLIVE
                      • Internet of Things
                      • Hyperconnectivity

                          Virtual Briefing – Navigating the increasing complexity of IoT regulations around the world

                          • Webinar
                          • Internet of Things
                          • IoT
                          • regulation
                          • security
                          • privacy
                          • data sovereignty
                          • permanent roaming
                          • Matt Hatton
                          IoT experts from Transforma Insights and floLIVE share the key regulations that any company deploying IoT needs to be aware of, ranging from security and privacy to licensing and permanent roaming.
                          • floLIVE
                          • Hyperconnectivity
                          • Internet of Things

                              AI affords Communications Service Providers (CSPs) an opportunity to differentiate and secure new revenues

                              • Artificial Intelligence
                              • AI
                              • AI hardware
                              • Internet of Things
                              • IoT
                              • Communications Service Providers
                              • CSPs
                              • Mobile Network Operators
                              • MNO
                              • Mobile Virtual Network Operators
                              • MVNO
                              • Machine Learning
                              • ML
                              • chatbots
                              • LLM
                              • generative AI
                              • GPUs
                              • GPUaaS
                              • Graphics processing unit
                              • Suruchi Dhingra
                              The telecommunications industry is making a major shift in priorities. At Mobile World Congress in Barcelona earlier this year, artificial intelligence took centre stage expanding the telco discussion beyond connected industries and 5G networks. Almost all the communications service providers (CSPs) highlighted the impact of this technology in improving their operations. While most of the focus is still on bringing internal operational efficiencies, more recently, telecom operators have started exploring ways to incorporate AI into their offerings to drive revenues. By enhancing their products with AI to analyse data sets insightfully and quickly, telecom companies can help to solve the business problems of their clients, including sustainability challenges, customer analysis, marketing problems and network issues. In some cases, MNOs and MVNOs are pursuing a strategy of providing consulting related to AI and/or adding AI features into their offerings, for instance for predictive maintenance. Companies like SK Telecom, Vodafone, Telefonica and Globe Telecom are transforming their operations by integrating AI solutions into their service offerings. In this report, we aggregate the findings of recent research into the AI capabilities for CSPs and how these are offered to their clients to show the main capabilities of CSPs in AI in four categories: AI Infrastructure: Defined as AI specialised data centres, computing infrastructure service, semiconductors specifically focussed on AI, AI accelerator chips, and on-device AI. AI Professional Services: Including services like AI consulting, strategy formation, solution development and implementation, system integration and project management. AI Integrated Solutions: Referring to provision of off the shelf AI applications, for instance, for driver behaviour monitoring on video feeds, operational analytics to help retailers, or natural language processing for documents. AI Platforms: Referring to platforms used to build, deploy, train or manage AI applications. Additionally, it also includes provision of AutoML automated, low-code or no-code platforms which draw on various frameworks and libraries. The Communications Service Providers profiled in this report are: AT&T, Bharti Airtel, Deutsche Telekom, Globe Telecom, KDDI Corporation, Maxis, NTT, Ooredoo, Reliance Jio, Singtel, SK Telecom, Telefónica, Telefónica Tech, Verizon and Vodafone. Some leading CSP’s are not included because of lack of information availability or absence of B2B offerings in AI.
                              • Airtel
                              • AT&T
                              • Amazon Web Services
                              • Bharti Airtel
                              • Detecon
                              • Deutsche Telekom
                              • Globe Telecom
                              • KDDI Corporation
                              • Maxis
                              • NCS
                              • NTT
                              • Nvidia
                              • Ooredoo
                              • Reliance Jio
                              • Singtel
                              • SK Telecom
                              • T-Mobile US
                              • T-Systems
                              • Telefonica
                              • Telefonica Tech
                              • Verizon Communications
                              • Vodafone
                              • Artificial Intelligence
                              • Internet of Things
                              • Hyperconnectivity
                                • Information & Communication

                                Autonomous Road Passenger Vehicles: A market slowed down by uncertain regulatory environment and high cost of hardware

                                • Internet of Things
                                • IoT
                                • Hyperconnectivity
                                • Autonomous Vehicle
                                • Autonomous Ride Hailing
                                • Automated Driving Systems
                                • Driverless car
                                • Robotic Car
                                • Robotaxi
                                • Self-Driving Vehicle
                                • SAE
                                • Autonomous Ride Pooling
                                • Conditionally Automated Car
                                • Fully Automated Car
                                • Rohan Bansal
                                • Suruchi Dhingra
                                • Matt Arnott
                                This report provides Transforma Insights’ view on the Autonomous Road Passenger Vehicles market. This segment comprises autonomous vehicles primarily used to transport passengers on the road, including buses, coaches, minivans, and robotaxis, as well as private vehicles, which are capable of operating at Level 3 of the SAE levels of autonomy. The Autonomous Road Passenger Vehicles market is an emerging market with several obstacles. There aren’t many self-driving cars driven by consumers as personally owned vehicles on public roads yet but early robotaxi services are already available in select markets. The path to large scale commercialisation and mass deployment remains challenging because of the need for technological advances, lack of comprehensive regulations, and the high cost of hardware. Development of vehicle to everything (V2X) infrastructure will play a significant role in the development of the autonomous road passenger market as it enables a level of communication and awareness of surroundings that will encourage safe operation of fully autonomous vehicles. The report provides a detailed definition of the Autonomous Road Passenger Vehicles sector, analysis of market development and profiles of the key vendors in the space. It also provides a summary of the current status of adoption and Transforma Insights’ ten-year forecasts for the market. The forecasts include analysis of the number of IoT connections by geography, the technologies used (including splits by 2G, 3G, 4G, 5G, LPWA, short range, satellite and others), as well as the revenue split between module, value-added connectivity and services. A full set of forecast data, including country-level forecasts, sector break-downs and public/private network splits, is available through the IoT Forecast tool.
                                • Argo AI
                                • Audi
                                • Aurora
                                • Auto X
                                • Baidu
                                • BMW
                                • Bosch
                                • Cariad
                                • Cruise
                                • Daimler
                                • Ford
                                • Geely
                                • General Motors
                                • Honda
                                • Hyundai
                                • Innoviz
                                • Luminar
                                • Magna International
                                • Mercedes Benz
                                • MobilEye
                                • Nvidia
                                • Rivian
                                • Stellantis
                                • Tesla
                                • Toyota
                                • Velodyne
                                • Volkswagen
                                • Volvo
                                • Waymo
                                • Zeekr
                                • Zenseact
                                • Internet of Things
                                • Hyperconnectivity
                                • Autonomous Robotic Systems
                                • Artificial Intelligence
                                  • Transportation & Storage
                                  • Consumer

                                  Below is a list of Transforma Insights' research reports on Digital Transformation, IoT, AI and other disruptive technologies. Our 'Essential' subscribers can access a select sub-set of the reports as 'Essential Reading'. User Group members can access exclusive 'User Group' content. Some reports (e.g. Peer Benchmarking) are only available to 'Corporate' users. For details on how to upgrade your subscriptions, check your Profile page. If you would like to speak with our analysts about the content of any report, or any other topic, please contact enquiries@transformainsights.com.