COVID-19 Impact & Recovery Analysis- Fleet Telematics Systems Market (2020–2024) | The Benefits in Terms of Cost Savings to Boost Growth | Technavio
Technavio has been monitoring the fleet telematics systems market and it is poised to grow by $ 38.8 bn during 2020–2024, progressing at a CAGR of almost 23% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample Report on COVID-19 Impact
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. AT&T Inc., Bridgestone Corp., Continental AG, Geotab Inc., Michelin Group, Microlise Group Ltd., Omnitracs LLC, Samsung Electronics Co. Ltd., Trimble Inc., and Verizon Communications Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The benefits in terms of cost savings have been instrumental in driving the growth of the market. However, advanced analytics usage to optimize vehicle efficiency might hamper market growth.
Fleet Telematics Systems Market 2020–2024 : Segmentation
Fleet Telematics Systems Market is segmented as below:
- Type
- Geographic Landscape
- Aftermarket Fleet Telematics Systems
- OEM Fleet Telematics Systems
- North America
- Europe
- APAC
- South America
- MEA
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR41242
Fleet Telematics Systems 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. Our fleet telematics systems market report covers the following areas:
- Fleet Telematics Systems Market size
- Fleet Telematics Systems Market trends
- Fleet Telematics Systems Market industry analysis
This study identifies integration with video-based safety system which precisely tracks driver behavior as one of the prime reasons driving the fleet telematics systems market growth during the next few years.
Fleet Telematics Systems Market 2020–2024 : Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the fleet telematics systems market, including some of the vendors such as AT&T Inc., Bridgestone Corp., Continental AG, Geotab Inc., Michelin Group, Microlise Group Ltd., Omnitracs LLC, Samsung Electronics Co. Ltd., Trimble Inc., and Verizon Communications Inc. Backed with competitive intelligence and benchmarking, our research reports on the fleet telematics systems market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
