Vehicle Telematics Market Surprising Growth| PTC, Inc., Trimble Inc., Tomtom Telematics Bv, Verizon Telematics, Inc, Mix Telematics International (PTY) Ltd, Zonar Systems, Inc, OCTO Telematics Ltd, Omnitracs, LLC, Masternaut Limited
The Global Vehicle Telematics Market is expected to reach USD 20.12 billion by 2025, from USD 7.31 billion in 2017 growing at a CAGR of 20.3% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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Global Vehicle Telematics Market Segmentation
Global Vehicle Telematics Market, By Provider Type (OEM, Aftermarket), By Vertical (Transportation, Logistics, Government, Utilities, Travel, Tourism, Construction, Education, Healthcare, Media, Entertainment), By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)- Industry Trends and Forecast to 2025
This is an excellent research study specially compiled to provide latest insights into critical aspects of the Vehicle Telematics market. The report includes different market forecasts related to market size, production, revenue, consumption, CAGR, gross margin, price, and other key factors. It is prepared with the use of industry-best primary and secondary research methodologies and tools. The global Vehicle Telematics market is valued at million US$ in 2018 is expected to reach million US$ by the end of 2026.
The key players are highly focusing innovation in production technologies to improve efficiency and shelf life. The best long-term growth opportunities for this sector can be captured by ensuring ongoing process improvements and financial flexibility to invest in the optimal strategies. Company profile section of players such as The key players operating in the global vehicle telematics market are -PTC, Inc., Trimble Inc., Tomtom Telematics Bv, Verizon Telematics, Inc.The other players in the market are Mix Telematics International (PTY) Ltd, Zonar Systems, Inc, OCTO Telematics Ltd, Omnitracs, LLC, Masternaut Limited, Microlise Group Ltd, Inseego Corporation, Volkswagen Commercial Vehicles and many more.
Increasing adoption of NGTP would enhance the telematics service delivery
Proliferation of telematics technology due to decreasing sensor and connectivity cost
Growing government mandate for deploying vehicle tracking in commercial vehicles
Rising demand for smartphones supplements the adoption of telematics solutions and services
Increased communication, leading to security and privacy concern
Complete network coverage and elimination of blind spots
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Key Benefits for Stakeholders:
The market research report provides a detailed analysis of the current and emerging market trends, as well as the key dynamics in the global Vehicle Telematics market.
Detailed analysis is conducted by deriving market estimations for the key market segments and sub-segments during the forecast period of 2026.
Comprehensive analysis of the global market has been conducted by following key product positioning and monitoring the leading competitors operating in the global market space.
Leading competitors functioning in the market have been profiled and their strategies have been analyzed in detail, in order to understand the competitive outlook of the global Vehicle Telematics.
To split the breakdown data by regions, type, companies and applications
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
Global Vehicle Telematics Market Country level Break-up includes:
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Spain, Italy, Netherlands, Switzerland, Nordic, Others)
Asia-Pacific (Japan, China, Australia, India, Taiwan, South Korea, Middle East & Africa, Others)
The scope of this Vehicle Telematics market report extends from market scenarios to comparative pricing between major players, cost and profit of the specified market regions. When globalization is rising day by day, many businesses call for Global Market Research for actionable market insights and to support decision making. The identity of respondents is also kept undisclosed and no promotional approach is made to them while analyzing the data. Market drivers and market restraints mentioned in this Vehicle Telematics report help businesses gain an idea about the production strategy. The industry analysis report speaks about the manufacturing process, type and applications.
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