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Worst May be Over for Consumer Telematics Market; How Industry Players Will Regain 27.54% Growth Cycle Again
Consumer Telematics Market Latest Edition Published with Forecast to 2027- Sep 13, 2021
- Technology
AdvanceMarketAnalytics, a global market research and consulting organization, have released a new study titled "Consumer Telematics market - Global outlook to 2026".
Industries constant focus on reducing the operational cost and increased attention on core business, and need to improve scalability are expected to shape the Global Consumer Telematics market to grow at a CAGR of 27.54%.
The Vehicle type, such as Truck, is boosting the Consumer Telematics market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
According to Analyst at AMA Research, the Global Consumer Telematics market will experience significant growth during the forecast period due to potential opportunities lying in the market such as. Some of the important driving forces are “Advanced technologies will reduce the production costs of telematics products, Government regulations for higher security measures and Growing amplified market penetration of smartphones propeling the consumer telematics market”.
Consumer telematics is end-user-targeted vehicle-centric information and communication technologies (vehicle ICTs) and services. Network-enabled cars for consumers provide in-vehicle services, such as emergency assistance, Global Positioning System (GPS) navigation, traffic information, local search (for example, for charging stations or restaurants) and concierge services. The market of the consumer telematics is growing as there is amplified market penetration of smartphones which is in direct propelling the consumer telematics market
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 Consumer Telematics market by Type (Solutions and Service), by Application (Car(Owned and Rental Based), Insurance, Healthcare, Media & Entertainment, Vehicle manufacturers/dealers and Government agencies) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key trends (current and future) of the market
Industries constant focus on reducing the operational cost and increased attention on core business, and need to improve scalability are expected to shape the Global Consumer Telematics market to grow at a CAGR of 27.54%.
The Vehicle type, such as Truck, is boosting the Consumer Telematics market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
According to Analyst at AMA Research, the Global Consumer Telematics market will experience significant growth during the forecast period due to potential opportunities lying in the market such as
Consumer telematics is end-user-targeted vehicle-centric information and communication technologies (vehicle ICTs) and services. Network-enabled cars for consumers provide in-vehicle services, such as emergency assistance, Global Positioning System (GPS) navigation, traffic information, local search (for example, for charging stations or restaurants) and concierge services. The market of the consumer telematics is growing as there is amplified market penetration of smartphones which is in direct propelling the consumer telematics market
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 Consumer Telematics market by Type (Solutions and Service), by Application (Car(Owned and Rental Based), Insurance, Healthcare, Media & Entertainment, Vehicle manufacturers/dealers and Government agencies) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key trends (current and future) of the market
Craig Francis
PR & Marketing Manager