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Global Logistics Insurance Market - Analysis, Technologies & Forecasts to 2021 - Increased Adoption of Augmented Reality in the Insurance Industry - Research and Markets

[August 01, 2017]

Global Logistics Insurance Market - Analysis, Technologies & Forecasts to 2021 - Increased Adoption of Augmented Reality in the Insurance Industry - Research and Markets

The "Global Logistics Insurance Market 2017-2021" report has been added to Research and Markets' offering.

The global logistics insurance market to grow at a CAGR of 2.35% during the period 2017-2021.

The report, Global Logistics Insurance Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

According to the report, one of the major drivers for this market is the increase in number of cargo thefts. It is observed that the number of cargo thefts is increasing. The total loss in the year 2015 because of cargo theft amounted to $20-$25 billion. Brazil saw around 7,000 to 8,000 incidents of cargo theft during 2015, which was the highest in the last 20 years. The probable reasons for this could be Brazil's overall economic crisis that caused a drop in the number of mployed people by around 2% to 3% from January 2016 to April 2017. Venezuela is seeing an increase in the number of cargo thefts due to worsening political and economic situations. The report has an exhibit which shows the countries where cargo theft is quite prevalent.

Key vendors