How Telematics Solutions Market Players have Encountered Temporary Covid-19 Tailwinds; Worth Watching New Growth Cycle

Telematics Solutions Market Latest Edition Published with Forecast to 2027


The article cited AMA's "Global Telematics Solutions Market Study" explored CAGR of 14.59%. According to the report, The Rise in Trend of Connectivity Solutions is one of the primary growth factors for the market. Rising Demand for Smartphones Supplements the Adoption of Telematics Solutions and Services is also expected to contribute significantly to the Telematics Solutions market. Overall, applications of Telematics Solutions, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Vehicle Type, such as Passenger Car, is boosting the Telematics Solutions market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Connectivity, such as Cellular, is boosting the Telematics Solutions market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Form Type, such as Tethered, is boosting the Telematics Solutions market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Service Type, such as Maintenance and Repair Scheduling, is boosting the Telematics Solutions market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

New technologies and major shifts in the industry will be game-changing factors that all players have to react now in order to maintain strong positions in the future. As many industry experts agree that significant changes are ahead. AMA’s Analyst on the Global Telematics Solutions market identified that the demand is rising in many different parts of the world as "Telematics Data Can Be Harnessed to Make Better-Informed Business Decisions ". Furthermore, some recent industry insights like "On 22 Jan 2019, Bridgestone Europe NV/SA, a subsidiary of Bridgestone Corporation in EMEA, has entered into an agreement with TomTom to acquire its telematics business, for a cash consideration of Euro 910 million. The transaction will bring together the world’s largest tyre and rubber company with the number one provider of digital fleet solutions in Europe, creating a leading data platform for connected vehicles. TomTom Telematics will accelerate Bridgestone on its journey to becoming a mobility solutions leader in the region, and the combination of both companies’ offerings will allow Bridgestone to cross-sell tyres and solutions to a larger customer base." which is constantly making the industry very dynamic.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Telematics Solutions market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2020 currency rates.

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Telematics Solutions market and other related sub-markets covered in the study.

o Key & emerging players in the market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation
The overall Telematics Solutions market size is calculated using market estimation process, the Telematics Solutions market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Telematics Solutions market size has been validated using both top-down and bottom-up approaches.

Craig Francis

PR & Marketing Manager