Telematics Market at a CAGR of 20.7% Rising Enterprise Efficiency and Dominated by Top Competitors (OCTO Telematics S.p.A, AirIQ, WEX, Masternaut, TomTom N.V., GeoTab, AT&T, Cisco, Google) and Global Future Scope to 2023

Marketprognosis.com Publish a New Market Research Report On “Telematics Market - Growth, Trends, and Forecast (2018 - 2023)” which contains global key player’s survey information and forecast to 2023.

Overview of the Global Telematics Market:

The Global Telematics Market is expected to register a CAGR of 20.7%, over the forecast period (2018-2023).

The Telematics Market has developed rapidly over the last few years, beginning with the incorporation of hands-free calling technology towards seamless integration into vehicles. Telematics is an extension to the GPS technology which was developed by the military to keep track of equipment. This led to the US government enabling free GPS; hence, with the widespread proliferation of internet in 1990’s, the telematics industry witnessed a robust growth.

Telematics provides benefits such as improved safety and customer service, enhanced productivity, and reduced labor costs and operating expenses. Commercial and regulatory aspects drive the adoption of telematics. The usage-based insurance and vehicle telematics have gained traction due to lower premiums, enhanced safety, and improved claims experience for consumers. For insurers, the benefits include better risk pricing, mitigating adverse selection, modifying risk severity, and improving brand recognition. The decreasing costs of connectivity worldwide have enabled the rapid growth of the market.

Get a Sample Copy of this Report @ https://www.marketprognosis.com/sample-request/15743 .

Today’s version of a car has the ability of computing massive amount of data and has the power to process up to 25,000 megabytes of data in an hour as the automotive digital technology is evolving and a variety of new technologies that will make the car much more connected to the outside world in order to enhance the in-car experience. Due to ongoing advances in technology, the share of new cars sold which are connected to internet was 35% in 2015 and is expected to reach almost 100% by 2025 as per the estimations made by Accenture and various other sources. The growth in vehicle connectivity has compelled the companies in software and telecommunications sector to enter the automotive industry which has enhanced the competitive landscape.

The healthcare industry improves operational efficiency with additional and detailed real-time crash data with the help of telematics. This technology is being deployed in the healthcare systems to monitor the status of patients as well as medical devices. “Connected Hospitals” will lead patients and health care professionals with greater freedom of movement while tracking information. IoT devices will enable patients in receiving remote healthcare services.

Purchase this report online with Top Key Players Analysis and List of Tables & Figure @ https://www.marketprognosis.com/buyReport/15743 .

Major Key Players:

1 OCTO Telematics S.p.A

2 AirIQ Inc

3 Mix Telematics International Ltd

4 WEX Inc

5 Masternaut Limited

6 TomTom N.V.

7 GeoTab Inc

8 AT&T Inc

9 Cisco Systems Inc

10 Google Inc

11 Systems and Technology Corp.

Any Query? Ask to our Expert @ https://www.marketprognosis.com/enquiry/15743 .

What Information does this report contain?

1 A detailed analysis of regulatory trends, drivers, industry pitfalls, challenges and growth opportunities for participants

2 Which are the leading market products, applications & regions and how will they perform by 2023?

3 What are the technologies & innovation trends, how will they evolve by 2023?

4 Which companies lead the industry, how are they positioned in the market in terms of sustainability, competency, production capacity and strategic outlook?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Telematics Market.

Table of Contents:

1 Introduction

2 Research Methodology

3 Telematics Market Analysis

4 Telematics Market Dynamics

5 Technology Roadmap

6 Market Segmentation and Forecast

7 Competitive Landscape

8 Telematics Market Company Profiles

9 Future Of The Telematics Market

About us:

We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today’s complex and competitive marketplace through our quantitative & qualitative research methods.
We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
We believe in delivering actionable insights for your business growth and success.

Contact us:

ProgMark Pvt. Ltd.
Thane – 421501
India.

sales@marketprognosis.com
+1 973 241 5193
https://www.marketprognosis.com

This release was published on openPR.