Press release
Telematics Empowered: Revolutionizing Commercial Operations
As per the report published by Allied Market Research, the global commercial telematics market size was pegged at $16.87 billion in 2020, and is estimated to reach $63.89 billion by 2030, growing at a CAGR of 14.3% from 2021 to 2030.Increase in trend of connectivity solutions, ease of vehicle diagnosis, and government regulation for vehicle telematics drive the growth of the global commercial telematics market. However, high installation costs, threat of data hacking, and lack of uninterrupted & seamless internet connectivity hinder the market growth. On the contrary, intelligent transportation systems and improved performance of autonomous vehicles are expected to open new opportunities for the market players in the future.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ at https://www.alliedmarketresearch.com/request-sample/235
Covid-19 scenario of Commercial Telematics Industry:
The Covid-19 pandemic severely affected the automotive sector as majority of the manufacturing facilities were closed, which affected to several OEM and supplier factories.
The pandemic affected the revenue streams allocated toward the R&D and adoption of new technologies in the commercial telematics sector. The growing vaccination number and rise in commercial vehicles are expected to boost the growth of the market post-pandemic.
The report segments the global commercial telematics market on the basis of solution type, application, end user, and region.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง ๐๐ญ https://www.alliedmarketresearch.com/request-for-customization/235
Based on solution type, the OEM segment held the lion's share in 2020, accounting for more than half of the market. Moreover, the segment is projected to manifest the highest CAGR of 15.0% from 2021 to 2030. The report analyzes the aftermarket segment.
On the basis of application, the solutions segment held the largest share in 2020, contributing to more than three-fourths of the market. However, the services segment is projected to register the highest CAGR of 15.2% during the forecast period.
๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐ญ๐จ ๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐ญ๐ก๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ? ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ -
https://www.alliedmarketresearch.com/purchase-enquiry/235
The global commercial telematics industry is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across North America dominated in 2020 in terms of revenue, accounting for more than one-third of the market. However, the market across Asia-Pacific is expected to portray the highest CAGR of 17.1% during the forecast period.
The global commercial telematics market report includes an in-depth analysis of the prime market players such as Mix Telematics, Trimble Inc., Navistar, Inc., Vontier Corporation, Verizon Communications Inc., Geotab Inc., Fleet Complete, Solera Holdings, Inc., Microlise limited, Daimler AG, Continental AG, Karooooo Ltd., and Michelin.
๐๐ข๐ฆ๐ข๐ฅ๐๐ซ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ ๐๐๐ฏ๐ ๐จ๐ง ๐๐๐ฅ๐๐ฆ๐๐ญ๐ข๐๐ฌ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ:
United States Commercial Telematics Market- https://www.alliedmarketresearch.com/us-commercial-telematics-market-A10360
China, India, Southeast Asia Automotive OEM Telematics Market- https://www.alliedmarketresearch.com/china-india-and-southeast-asia-automotive-oem-telematics-market
Consumer Telematics Market- https://www.alliedmarketresearch.com/consumer-telematics-market
Marine Telematics Market- https://www.alliedmarketresearch.com/marine-telematics-market
Automotive Telematics Market- https://www.alliedmarketresearch.com/automotive-telematics-market
Automotive OEM Telematics Market- https://www.alliedmarketresearch.com/automotive-oem-telematics-market
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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research 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.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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