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Telematics Solutions Market worth $166.22 billion by 2030, growing at a CAGR of 15.02% - Exclusive Report by 360iResearch
Telematics Solutions Market | 360iResearch
The Global Telematics Solutions Market to grow from USD 62.37 billion in 2023 to USD 166.22 billion by 2030, at a CAGR of 15.02%.
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Telematics solutions are technological methods for tracking and transmitting real-time information about the location, situations, and functionality of vehicles or other assets. This technology is often applied in various industries to increase operational effectiveness, improve safety, and optimize resource utilization. These telematic systems collect data via GPS technology, sensors, and onboard diagnostic codes, and the data is analyzed by the server and converted into valuable information, making it available to other computers on the network. The implementation of telematics solutions in the transportation and logistics industries is fueled by favorable government standards for fleet management and road safety. End-users are experiencing change through the development of predictive maintenance, which enables proactive maintenance of machinery and equipment. Subsequently, due to the ability to improve situational awareness, communication, and logistical operations, telematics solutions have witnessed an increase in investment for implementation in defense and homeland security applications. However, the need for huge investment in telematics solution maintenance and issues associated with data security and privacy of telematics solutions is adversely impacting the market's growth. Moreover, as technology advances, it is expected that novel opportunities may emerge in the telematics industry.
The use and adoption of telematics solutions are becoming highly mainstream across automotive, construction, aerospace, and other major GDP generating industries in North America, the EU, the UK, GCC, and developed countries in Asia-Pacific region due to government mandates that are related to the adoption and improve operations. In developing countries worldwide, telematics solutions are garnering attention as it provides real-time asset traceability, aids in monitoring and maintenance while also ensuring compliance with safety requirements. In Germany, telematics has become an integral part of the digital healthcare system managing communication between all stakeholders. Considerable investments made by government agencies in India, the UK, Singapore, Canada, Mexico, and other countries towards the incorporation of IoT in operations and automated systems to boost productivity and smart city initiatives are expected to proliferate the use of telematics solution in the coming years, making it an integral part of different sectors.
Market Segmentation & Coverage:
This research report categorizes the Telematics Solutions Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Offering, market is studied across Services and Software. The Software is projected to witness significant market share during forecast period.
Based on Function, market is studied across Asset Tracking, Diagnostics & Maintenance, Fleet Management, and Safety & Compliance. The Fleet Management is projected to witness significant market share during forecast period.
Based on Usability, market is studied across Indoor and Outdoor. The Outdoor is projected to witness significant market share during forecast period.
Based on End-User, market is studied across Aerospace & Defence, Automotive, BFSI, Government Agencies, Healthcare, Retail & Supply Chain Management, and Travel & Tourism. The Aerospace & Defence is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas is projected to witness significant market share during forecast period.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Telematics Solutions Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Telematics Solutions Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Telematics Solutions Market, highlighting leading vendors and their innovative profiles. These include ActSoft, Inc., AddSecure Group AB, AirIQ Inc., Alba Smart Automation Pvt. Ltd., Arity, LLC, AT&T, Inc., Azuga Inc. by Bridgestone Corporation, CalAmp Wireless Networks Corporation, Continental AG, Deutsche Telekom AG, Earnix, Garmin Ltd., Geotab Inc., GoFleet Inc., Happiest Minds Technologies Ltd., Intel Corporation, LG Electronics, LocoNav, Masternaut Limited, MiX Telematics International Ltd., Motive Technologies, Inc., Octo Group S.p.A., Qualcomm Technologies Inc., Samsara Inc., Samsung Electronics Co., Ltd., TATA Consultancy Services Limited, Transpoco Telematics, Trimble Inc., Verizon Communications Inc., and Zubie, Inc..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Telematics Solutions Market, by Offering
7. Telematics Solutions Market, by Function
8. Telematics Solutions Market, by Usability
9. Telematics Solutions Market, by End-User
10. Americas Telematics Solutions Market
11. Asia-Pacific Telematics Solutions Market
12. Europe, Middle East & Africa Telematics Solutions Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Telematics Solutions Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Telematics Solutions Market?
3. What is the competitive strategic window for opportunities in the Telematics Solutions Market?
4. What are the technology trends and regulatory frameworks in the Telematics Solutions Market?
5. What is the market share of the leading vendors in the Telematics Solutions Market?
6. What modes and strategic moves are considered suitable for entering the Telematics Solutions Market?
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About 360iResearch
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