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Commercial Telematics Market Growth will Accelerate at a CAGR of 10% during 2020-2024 | TechnavioTechnavio has been monitoring the commercial telematics market, operating under the information technology industry. The latest report on the commercial telematics market, 2020-2024 estimates it to register an incremental growth of USD 23.15 bn, at a CAGR of almost 10% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201026005720/en/ Technavio has announced its latest market research report titled Global Commercial Telematics Market 2020-2024 (Graphic: Business Wire) Technavio's in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download Latest Free Sample Report on COVID-19 Analysis The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage on the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Bridgestone Corp., Continental AG, General Motors Co., Geotab (News - Alert) Inc., Omnitracs LLC, Trimble Inc., Verizon Communications Inc., Visteon Corp., Volkswagen Group, and Volvo Group are among some of the major market participants. Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free. View market snapshot before purchasing The increasing adoption of driver assistance systems has been instrumental in driving the growth of the market. Vendors are focusing on the development of usage-based insurance (UBI) in connected cars and smart apps, which will also contribute to the growth of the commercial telematics market. However, the complexity of telematics software and hardware design might hamper market growth. Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. Download a Free Sample Report on COVID-19 Impacts Commercial Telematics Market 2020-2024: Segmentation Commercial Telematics Market is segmented as below:
Commercial Telematics Market 2020-2024: Scope Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The commercial telematics market report covers the following areas:
This study identifies the growth of embedded telematics solutions as one of the primary trends anticipated to boost the Commercial Telematics Market growth during the next few years. Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports. Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform Commercial Telematics Market 2020-2024: Key Highlights
Table of Contents: Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by Platform
Customer landscape
Geographic Landscape
Drivers, Challenges, and Trends
Vendor Landscape
Vendors covered
Appendix
About Us Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
View source version on businesswire.com: https://www.businesswire.com/news/home/20201026005720/en/ |