Europe Telematics Software and Service Market Trends, Share, Size, Future Demand and Report 2023-2030 | MiX Telematics, Octo Telematics

The Europe telematics software and service market deals with telematics solutions that are used in various fleet, automobile and insurance applications. Telematics solutions help in tracking the location and movement of vehicles and providing solutions for fleet management, vehicle diagnostics, insurance telematics and others.

Market Dynamics:

The Europe telematics software and service market is expected to witness significant growth over the forecast period owing to increasing penetration of connected and autonomous vehicles and growing demand for fleet management services. Connected vehicles use embedded systems, sensors and telecommunication technologies to share information with other vehicles as well as infrastructures. They are expected to account for nearly 50 percent of all new vehicles sales in Europe by 2030. Further, growing adoption of subscription-based connected car solutions for usage-based insurance, safety and security, and infotainment is also expected to support the market growth over the forecast period.

The Europe Telematics Software and Service market was valued at US$ 6,032.0 Mn in 2020 and is expected to reach US$ 20,483.0 Mn by 2028 at a CAGR of 18.4% between 2021 and 2028.

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Driver 1: Increasing Adoption of Connected and Autonomous Vehicles in Europe

The adoption of connected and autonomous vehicles is steadily increasing in Europe due to advancements in vehicle connectivity and autonomous driving technologies. Many leading automakers are investing heavily in developing self-driving systems and vehicle-to-vehicle/vehicle-to-infrastructure communication capabilities to offer enhanced safety, mobility, and customer experience. Telematics software and services play a vital role in enabling connected vehicle technologies by remotely monitoring fleet operations, collecting in-vehicle sensor data, updating vehicle software over-the-air, and more. As more premium and luxury vehicles are launched with advanced driver-assistance systems, the demand for telematics services is projected to surge rapidly in Europe during the forecast period.

Top Key Players:

MiX Telematics, Octo Telematics, Trimble INC, Verizon, Aplicom, Astrata and Key Telematics

Detailed Segmentation:

By Component: (Software/Platform, Services). The Services segment is again divided into Consulting, Implementation, Support & Maintenance)

By Deployment: (On-Premise, SaaS)

By Solutions: (Vehicle Tracking/Recovery (Fleet Management), Intrusion Detection, Analytics & Reporting, Others)

By Application: (Secured onboard communication, Behavioral Management, Emergency Calling /Alerts, Fuel Management, Route Planning, Vehicle maintenance and monitoring)

Regional Analysis:

⁃ North America: United States, Canada, and Mexico

⁃ South & Central America: Argentina, Chile, Brazil and Others

⁃ Middle East & Africa: Saudi Arabia, UAE, Israel, Turkey, Egypt, South Africa & Rest of MEA.

⁃ Europe: UK, France, Italy, Germany, Spain, BeNeLux, Russia, NORDIC Nations and Rest of Europe.

⁃ Asia-Pacific: India, China, Japan, South Korea, Indonesia, Thailand, Singapore, Australia and Rest of APAC.

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Driver 2: Growing Trend of Using Mobility-as-a-Service Offerings Across Europe

With rising living costs, traffic congestion levels, and environmental concerns, many consumers as well as businesses in European cities are looking at alternative transportation modes like ride-hailing, car-sharing, renting, and public transit. This has spurred the growth of mobility-as-a-service (MaaS) business models that integrate various transit options through a single website/app. MaaS platforms heavily rely on telematics technologies to track vehicle locations, monitor fleet usage, manage bookings and payments, and offer personalized transit recommendations. The expanding MaaS economy in Europe presents lucrative opportunities for telematics software and service providers over the next few years.

Opportunity: Growing Integration of Telematics with Smart Mobility Applications

With widespread digitization across industries, there is a rising demand for combining telematics capabilities with other smart mobility technologies. For instance, integrating fleet management telematics with artificial intelligence, big data analytics, and predictive maintenance can help optimize operations and asset utilization for businesses. Likewise, offering value-added in-vehicle infotainment and telehealth services through telematics platforms presents new monetization avenues. Furthermore, leveraging telematics data with smart city infrastructure can improve urban traffic management and emissions monitoring. The ability to develop comprehensive smart mobility solutions leveraging telematics represents a profitable opportunity area for service providers in Europe.

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Key Questions Addressed in the Market Report:

What is the expected size, share, and CAGR of the Europe Telematics Software and Service Market over the forecast period?
What are the key trends expected to influence the Europe Telematics Software and Service Market between 2023 and 2030?
What is the expected demand for various types of products/services in the Europe Telematics Software and Service Market?
What long-term impact will strategic advancements have on the Europe Telematics Software and Service Market?
Who are the key players and stakeholders in the Europe Telematics Software and Service Market?
What are the different segments and sub-segments considered in the Europe Telematics Software and Service Market research study?

Strategic Points Covered in Table of Content of Global Europe Telematics Software and Service Market:

Chapter 1 : Introduction, market driving forces, and product The study and research objectives are to investigate the Europe Telematics Software and Service market.

Chapter 2: Exclusive Summary - Europe Telematics Software and Service Market Fundamentals.

Chapter 3: The Changing Impact on Market Dynamics- Drivers, Trends, and the Challenges and Opportunities of Process Spectroscopy

Chapter 4: Europe Telematics Software and Service Market Factor Analysis, Porter's Five Forces Analysis, Supply/Value Chain, SWOT Analysis, Market Entropy, and Patent/Trademark Analysis are all presented in this chapter

Chapter 5: 2017-2022 Forecast by Type, End User, and Region/Country

Chapter 6: Evaluating the key players in the Europe Telematics Software and Service market, including the Competitive Landscape, Peer Group Analysis, BCG Matrix, and Company Profile.

Chapter 7: To evaluate the market by segments, countries, and manufacturers/companies, as well as revenue share and sales by major countries in these regions (2023-2030).

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