Global Automotive Telematics Market to Expand 28.5% CAGR till 2022

New York March 4, 2019 - Research on Global Markets has announced the addition of a new market research report titled “Global Automotive Telematics Market (2017-2022)”

to their offering. According to the new report, the global automotive telematics market is predicted to expand a significant 28.5% on a compound annual growth rate

(CAGR) basis during the forecasted 2017-2022 period, to reach approximately USD 198.7 Bn by 2022. The global automotive telematics market is witnessing considerable

expansion owing to the growing need to track vehicles on a real-time basis as well as observe the behaviour of drivers while driving.

According to the report, the global automotive telematics market is primarily segmented based on type. Based on type, telematics solutions catering to performance and

safety accounted for the largest share of the market (52%) in 2017. Performance and safety of vehicles have emerged as the key focus for automotive companies, and

therefore, this segment is witnessing considerable traction. Usage-based insurance (UBI) had a market share of 30%, while infotainment telematics solutions held an 18%

share of the market. UBI has witnessed rapid expansion, reaching up to 14 Mn policies globally, in 2017.

The report also features the performance of the global automotive telematics market across the key geographies of North America, Latin America, Europe, Asia Pacific,

and Middle East and Africa. North America is leading the innovation in the global automotive telematics market, and currently holds approximately 44% share of the

global market. Asia-Pacific, too, is fast emerging as a major consumer of this technology, owing to increased need for safety and security, government regulations, and

steady GDP growth. However, Latin America and the Middle East and Africa markets are faced with several challenges for the adoption of automotive telematics

technology.

Key highlights of this report:

* Scope and segmentation of the market
* Drivers of the market
* Trends prevailing in the market
* Challenges affecting the market
* Value chain analysis
* Overview of the regional markets

The report has included some of the key players operating in the global digital gaming market such as Cisco Systems, Inc., Microsoft Corporation, IBM Corporation,

Google, Amazon, SAP SE, Oracle, Huawei Technologies, Intel Corporation, General Electric, and others.

For more information, download Global Automotive Telematics Market: https://www.researchonglobalmarkets.com/global-automotive-telematics-market-2017-2022.html

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This release was published on openPR.