Jun 2, 2021
If you want to enable customers to pay as they go, for the services they use, while simultaneously increasing your margins, here are 5 ways to maximize your margins in consumption-based economy.
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If you want to enable customers to pay as they go, for the services they use, while simultaneously increasing your margins, here are 5 ways to maximize your margins in consumption-based economy.
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The growing popularity of usage-based insurance is driving the adoption of advanced analytics in vehicles. This is due to the fact that these provide a real-time in-depth analysis of driver behaviour making it easier for the auto insurers to more accurately price premiums.
The vehicle analytics market is expected to reach a total valuation of US$46.102 billion by 2024. It offers a great opportunity for the solutions providers to improve their profits by investing in the latest equipment and systems.
The Usage-Based Insurance Market for automotive is estimated to be USD 28.43 billion in 2018 and is projected to reach USD 95.81 billion by 2025, at a CAGR of 18.95% from 2018 to 2025. The increasing number of vehicles with telematics and connected car services and a reduction in insurance premiums as compared to regular insurance are projected to drive the usage-based insurance market
Subscription- and usage-based licensing models have largely replaced perpetual licenses, but more innovation is on the way
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