Internet Of Things (iot) Insurance Market Size To Reach Usd 2,452.45 Billion, With A Cagr Of 55.72% By 2030

The Internet of Things (IoT) Insurance market refers to the use of IoT technology in the insurance industry to collect and analyze data from various sources, including connected devices such as sensors, wearables, and smart home devices. This data is then used to assess risks, prevent losses, and customize insurance policies based on individual behavior. The global IoT insurance market is expected to grow significantly in the coming years due to the increasing adoption of IoT devices and the growing demand for personalized insurance policies. The global IoT insurance market size is expected to reach USD 2,452.45 billion by 2030, growing at a CAGR of 55.72% during the forecast period (2023 – 2030). The key players in the market are IBM Corporation, SAP SE, and Cisco Systems.