Press release
U.S. Commercial Telematics Market with Covid-19 Pandemic Analysis, Growth Rate, New Trend Analysis Forecast To 2031
According to a recent report published by Allied Market Research, titled, "U.S. Commercial Telematics Market by Solution Type, Application, and End-User: Regional Opportunity Analysis and Industry Forecast, 2020-2027,"The U.S. commercial telematics market was valued at $2.64 billion in 2019, and is projected to reach $3.90 billion by 2027, registering a CAGR of 7.8% from 2020 to 2027.
Presently, California dominates the market, followed by Texas and Florida. However, Indiana is expected to grow at a higher CAGR during the forecast period.
Download Report (PDF with Insights, Charts, Tables, Figures) at https://www.alliedmarketresearch.com/request-sample/10725
Numerous government regulations have been implicated across different states of the U.S., which has encouraged the fleet owners to install telematics/connected devices in their already running vehicles as well as their out of service vehicles. Installation of telematics helps to keep a track of the vehicle condition and provides real-time information about the vehicle. For instance, the government of California has allocated single-source Blanket Purchase Agreement (BPA) to Geotab, a global leader in IoT and connected transportation, to provide commercial fleet with a fully-integrated, best-in-class telematics solution.
Numerous companies, such as Harman International, AERIS, Redtail Telematics, Connexas, Transpoco, and others, are operating efficiently in the telematics industry and offering better & efficient services to their customers. It includes features such as usage-based insurance, vehicle location & stolen vehicle recovery, and dash camera being the most used services.
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Key Findings Of The Study
By solution type, the OEM segment is expected to register a significant growth rate in the U.S. commercial telematics market analysis during the forecast period.
Based on application, the services segment is expected to register a significant growth rate in the U.S. commercial telematics market analysis during the forecast period.
Based on the end-user, the government agencies segment is expected to register a significant growth rate in the U.S. commercial telematics market analysis during the forecast period.
This study includes analytical depiction of the market along with current trends and future estimations to determine the imminent investment pockets.
In 2019, California led the market in the U.S. region.
The key players profiled in the U.S. commercial telematics market include Cartrack, Continental AG, Daimler Fleetboard GmbH, Fleet Complete, Geotab Inc., MiX Telematics, Navistar Inc., Omnitracs, TomTom International BV., and Trimble Inc.
Browse Complete Report at
https://www.alliedmarketresearch.com/us-commercial-telematics-market-A10360
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About Allied Market Research
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of ""Market Research Reports"" and ""Business Intelligence Solutions."" AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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