The global logistics insurance market is anticipated to reach
USD 61.55 billion by 2025, according to a new report by Grand View Research,
Inc. The increasing foreign direct investment, establishment of free trade
zones, and increasing globalization has resulted in the rapid growth of the transportation
industry in the emerging countries. The logistics hubs and trade routes are
gradually shifting toward the emerging market. Privatization of the
transportation industry has further spurred the industry growth in China,
Turkey, and India.
The adoption of digital
technologies enables the company to tap new opportunities for additional
premiums, better risk selection, increasing governance, and improved customer
experience. Insurers across the globe are implementing newer technologies and
adopting cloud- and mobile-based technologies to tap the growing demand in the
emerging markets. Through various distribution channels, the insurance
companies are modernizing the legacy applications.
The insurance companies are
implementing mobility as a part of the business strategy, owing to the
increasing usage of smartphones in both developed and emerging markets.
Customers can easily request a policy quote, calculate premium, locate
insurance agent, and store the policy data with the advent of the mobile apps.
The insurance industry comprises of
structured and unstructured data. Big data analytics plays a vital role in the
insurance industry that delivers significant Return on Investment (ROI) and
cost savings. The rise in digital integration and digital customer relationship
management is likely to spur the market demand over the forecast period.
Browse full research report on Logistics
Insurance Market: http://www.grandviewresearch.com/industry-analysis/hydrogen-storage-market
Further key findings from the
report suggest:
- The
increasing adoption of cloud- and mobile-based technologies to improve the
customer experience
- The
transportation industry is anticipated to witness a significant growth
with a CAGR of over 3.5% over the projected period
- The
maritime industry is anticipated to dominate the market in terms of
revenue
- The
Asia Pacific region is anticipated to dominate the market in terms of
growth rate over the forecast period
- The
rising financial asset and real estate values in the region are enabling
the companies to have a higher premium volume
- The
market posesa rising competition that enable insurers to invest more in
technological advancement to enhance the customer experience
- The
key players in the logistics insurance market include Integrity
Transportation Insurance (U.S.), Liberty Mutual Insurance (U.S.), Peoples
Insurance Agency (U.S.)
Browse more reports of this
category by Grand View Research: http://www.grandviewresearch.com/industry/power-generation-and-storage
Grand View Research has segmented
the logistics insurance market on the basis of industry and region:
- Logistics
Insurance Industry Outlook (Revenue, USD Billion, 2014 - 2025)
- Transportation
- Marine
- Aviation
- Others
- Logistics
Insurance Regional Outlook (Revenue, USD Billion, 2014 - 2025)
- North
America
- U.S.
- Canada
- Europe
- Germany
- UK
- Asia
Pacific
- China
- Japan
- Singapore
- Latin
America
- Mexico
- Brazil
- Middle
East and Africa
Access press release of this
research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-hydrogen-storage-market
About Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
For more information: www.grandviewresearch.com
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