Usage-based insurance market is expected to reach US$ 77.14 Bn by the end of 2031

Priti14 Sep, 2022Business

The global usage-based insurance market is projected to grow at a rapid pace during the forecast period, owing to the increase in adoption of IoT, ADAS, as well as electric vehicles, and hybrid electric vehicles across the globe. The market is also estimated to grow significantly owing to the rise in purchasing power of the people and high demand for real-time data evaluation across the globe.