Vehicle Telematics Market will grow at CAGR of 20.3% to hit $20.12 Billion by 2025: Microlise Group Ltd, Inseego Corporation, Volkswagen Commercial Vehicles, Tomtom Telematics

Global Vehicle Telematics Market

The Global Vehicle Telematics Market is expected to reach USD 20.12 billion by 2025 growing at a CAGR of 20.3% during the forecast period of 2019 to 2025. Some of the key players profiled in the study are 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, Microlise Group Ltd, Inseego Corporation, Volkswagen Commercial Vehicles and among others.

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Which factors does this Vehicle Telematics report includes?

 This report includes a historic data and analysis of the key industry, six year forecast of the market and emerging trends, An assessment of the competitive landscape and market shares for major companies and much more

Market Definition:

Vehicle telematics can be termed as electronic technology that is involved in cars which helps the customer to keep the cars safer prevent it from getting lost and helps to summon roadside assistance. These telematics can also be termed as crash-resistant black box which receives wireless information which is advance than the radio. The best features of this telematics are automatic crash notification (ACN). This feature helps the car to sense significant accident and also report them. The various features that the telematics provide are emergency assistance, Good Samaritan assistance, roadside assistance and automatic collision notification. The market for the telematics is expected to grow exponentially as computer applications are developed to take advantage of the growing number of GPS units, increased processing power and widespread use of mobile devices.

 Major Market Drivers:

  • 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

Market Restraint:

  • Increased communication, leading to security and privacy concern
  • Complete network coverage and elimination of blind spots

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This Vehicle Telematics market research report act as top notch solution to evaluate objective is to see how market functions and how different factors affect the development rate of the market.  The world-class research platform offers a point by point examination of market patterns, full scale monetary pointers, and driving components alongside market engaging quality according to sections. The aim of this report is to deliver significant insights on market potential which leads to advancement in a current market. This report offers the full knowledge of the market that an organization needs to settle on smart strategic choices.

Market Segmentation:

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)

Table of Contents:

  1. Introduction
  2. Market Segmentation
  3. Market Overview
  4. Executive Summary
  5. Premium Insights
  6. Global, By Component
  7. Product Type
  8. Delivery
  9. Industry Type
  10. Geography
  11. Company Landscape
  12. Company Profiles
  13. Related Reports

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Conclusion:

The data included in this Vehicle Telematics report is reliable, thoroughly researched and verified by the research analyst. It keeps you a step ahead by providing up dated information regarding the Industry which will help you to make faster and better decisions.

Why to purchase this report?

Following are the reasons to consider this Vehicle Telematics report:

  • This ultimate guide will help you stay ahead in market as it furnishes you with the profiles of the key market players and their working methodologies and their decision making capabilities.
  • The report analyzes various factors which act as drivers and restraints to development the overall Vehicle Telematics market.
  • This report not only analyzes present market condition but it likewise estimates how the market is going to perform for estimated time period of 2019-2026.
  • It enables you to adopt smart methodologies and form better decisions by giving a clear idea about customer’s requirement and preferences regarding the product in particular region.

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