Global telematics market
Increasing utilization of vehicles and other services for mobility such as private and public transport, and others are the major factors fueling the growth of global telematics market over the forecast period. Further, growing automation in several industries such as electronics, automobile and others is also creating opportunities for the growth of global telematics industry. Further, increasing emergence of advanced technologies as well as adoption of new technologies is further creating opportunities for the market expansion over the analysis time frame. Also, efforts taken by the government bodies across several regions for integration of telematics in the automobile industry is also proliferating the industry growth in coming years.
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Further, increasing consumption of the advanced communication systems in several industries are driving the industry growth. Moreover, rising penetration of smart phones, availability of internet across majority places and high utilization of mobile phones for several daily activities is further contributing to the global telematics market growth. Also, increasing ways of communication through devices, applications and technologies is positively impacting the industry growth over the forecast time frame. Telematics have several applications in the vehicles manufacturing for operations of the GPS, automatic driving assistance, wireless communication, fuel consumption, maintenance, monitoring, heavy equipment tracking and others.
However, increasing concern of data security mainly due to the increasing malicious attacks, phishing attacks, and attacks from hackers that endangers safety and security of the data stored in this systems which is likely to hamper the industry growth over the forecast period. However, efforts taken by the government as well as private organizations for improving the security of the company data in terms of rising investments for security as well as presence of data security experts that offer good solutions and detect the unfortunate events before they occur by giving alerts and warning, which is expected to create opportunities for the growth of global telematics market.
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Key Market Players
- Magneti Marelli S.P.A.
• Tomtom International Bv.
• Qualcomm Technologies, Inc.
• Intel Corporation
• Trimble Inc.
• Robert Bosch GmbH
• Continental AG
• LG Electronics
• Harman International
• Delphi Automotive PLC
• Visteon Corporation
Market Segments: Telematics Market
- By Service
- On-demand Infotainment
- Fuel Management
- By Technology
- By Application
- IT & Telecom
- By Region (tentative)
- North America
- Asia Pacific
- South Korea
- South-East Asia
- The Middle East and Africa
- Saudi Arabia
- South America
- North America
Reasons to Buy
- To understand the most affecting driving and restraining forces in the Telematics market and its impact on the global market.
- To gain insightful analyses of the Telematics market 2020-2025 and have a comprehensive understanding of the global market and its commercial landscape.
- To understand the future outlook and prospects for the Telematics market.
- Learn about the market policies that are being adopted by prominent organizations.
- To assess the production processes, major issues, and solutions to mitigate the development liability.
What to Expect from the Report:
- The report is designed to mirror real time market developments featuring concrete references of multiple drivers, opportunities as well as challenging implications that are widely prevalent across the market space and interfere with normal growth outflow
- The report is a meticulous outlook of the current scenario, expanding further in exploring future probabilities that have been compiled post elaborate research practices and surveys
- Emphasis upon lingering barriers in the market space have been specifically identified to understand stagnancy pameatterns specific to Telematics market.
Besides requisite information highlighting industry vendors and regional developments, the report further emphasizes developments in the product and application segments. A brief on segment potential has been thoroughly assessed to derive logical deductions favoring high revenue steering business strategies.
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