Telematics Market 2020 Is Booming Worldwide | Top Key Players : Mix Telematics, AT&T Inc., Geotab Inc., Texas Instruments

Global Telematics Market - Growth, Trends, And Forecast (2020 - 2024)

The report presents an in-depth assessment of the Global Telematics including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Global Telematics investments from 2020 till 2024.

The global telematics market is expected to register a CAGR of 20.7%, over the forecast period (2019-2024).

The Global Telematics market is highly competitive and consists of a number of major players. Companies, like Mix Telematics, AT&T Inc., Geotab Inc., Texas Instruments, Verizon Telematics, Cisco Systems Inc., Aplicom Oy, Microlise Ltd, LG Electronics Inc., Trimble Inc., Ctrack Global (Inseego Corp. Company)  among others.

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Scope of the Report

Combining the properties and capabilities of telecommunication and information technology, telematics is now being used across various industries for effective transportation and logistics purpose. In 2008, the Association of Equipment Management Professionals (AEMP) brought together the major construction equipment manufacturers and telematics providers in the heavy equipment industry to discuss the development of the industry's first telematics standard.

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Key Market Trends:

Smartphone Solution is Expected to Hold a Major Market Share During the Forecast Period

- Leveraging the smartphone development is cheap for OEM manufacturers. The easiest and the most straightforward connected-car choice is an app that turns your phone into both a telematics sensor and transmitter. With the huge adoption of smartphones, it gets easy for the OEMs to implement the activities related to telematics. Typically capable of autonomously detecting trips, these apps offer trip scoring based on driving behavior, habits, and the driving context, although the quality of the data collected may not be the best.
- Smartphone applications usually provide proactive notifications about traffic alerts, weather alerts, and service workshop locations. They are also used in sync with hardware solutions to heighten service offerings such as warnings, driving tips, reporting, and gamification. They tend to be modular, fully configurable, and work on open platforms to facilitate additional app development.
- With electric vehicles coming into the picture with advanced developments, there is critical information about the charge levels. With charging taking several hours it becomes more user-friendly to provide facilities on a smartphone due to its easier accessibility. The smartphone will act as a crucial link between the driver and the vehicle.
- Smartphone has become the primary choice for implementing the activities related to telematics due to its huge adoption rate. Different platforms have coincided to avail their services on smartphones which makes it easier for the user.

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The key insights of the Telematics Market report:
The report provides key statistics on the market status of the Telematics market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
The Telematics market report presents the company profile, product specifications, capacity, production value, and 2015-2020 market shares for key vendors.
The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
The report estimates 2020-2024 market development trends of Telematics Market.
Analysis of upstream raw materials, downstream demand and current market dynamics is also carried out
The report makes some important proposals for a new project of Telematics Industry before evaluating its feasibility.

Finally, Telematics Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and market development rate and figure and so on. Telematics industry report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.

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- The market estimate (ME) sheet in Excel format

- Report customization as per the client's requirements

- 3 months of analyst support

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This release was published on openPR.