Global Usage Based Insurance Market Analysis by Knowledge Sourcing Intelligence

The usage-based insurance market is projected to grow at a CAGR of 34.78% to reach US$45,311.046 million by 2024, from US$7,559.693 million in 2018. By geography, the Usage-based Insurance market has been segmented as the Americas, Europe, the Middle East and Africa, and the Asia Pacific. By vehicle age, the usage-based insurance market is segmented as new vehicles and on-road. By vehicle type, the usage-based insurance market is segmented as a passenger vehicle and commercial vehicle. By package type, the usage-based insurance market is segmented as pay-as-you-drive (PAYD), and pay-how-you-drive (PAHD). By technology, the usage-based insurance market is segmented as OBD-II, smartphone, embedded system, black box, and hybrid.