The global IoT insurance market is predicted to be valued at US$402,990.0 million by 2028 , surging from $13,540.0 million in 2020 at a noteworthy CAGR of 54.4% . Impact Analysis of COVID-19 on the IoT Insurance Market The coronavirus outbreak impacted the IoT insurance market positively. Most of the places were shut down due to the spread of the coronavirus. The fear of coronavirus among the people increased the demand of insurance, which is predicted to boost the IoT insurance market at the time of pandemic. Most of the insurance organizations have also implemented cloud services to a huge extent to track customer health with the help of connected devices. All these factors are predicted to boost the IoT insurance market during the pandemic. Global IoT Insurance Market Analysis Most of the businesses rely on IT and networks vastly. The funds required to maintain these networks cost too much for the organizations. At present, the organizations outsource the maintenance of
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