Pre & Post COVID-19 Market Estimates-GPS Tracker Market 2019–2023 | Use of Fleet Management Systems to Boost Growth | Technavio
Technavio has been monitoring the GPS tracker market and it is poised to grow by USD 802.2 million during 2019–2023, progressing at a CAGR of over 10% 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. CalAmp Corp., Geotab Inc., ORBCOMM Inc., Queclink Wireless Solutions Co. Ltd., and Sierra Wireless Inc. are some of the major market participants. The use of fleet management systems will offer immense growth opportunities. 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.
Use of fleet management systems has been instrumental in driving the growth of the market.
GPS Tracker Market 2019–2023: Segmentation
GPS tracker market is segmented as below:
- End-user
- Geographic Landscape
- Logistics and Transportation
- Construction and Mining
- Government
- Oil and Gas
- APAC
- Europe
- MEA
- North America
- South America
To learn more about the global trends impacting the future of market research, download latest free sample report of 2020–2024: https://www.technavio.com/talk-to-us?report=IRTNTR31779
GPS Tracker Market 2019–2023 : Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our GPS tracker market report covers the following areas:
- GPS Tracker Market Size
- GPS Tracker Market Trends
- GPS Tracker Market Industry Analysis
This study identifies growing demand for advanced GPS trackers as one of the prime reasons driving the GPS tracker market growth during the next few years.
GPS Tracker Market 2019–2023: Vendor Analysis
We provide a detailed analysis of vendors operating in the GPS tracker market, including some of the vendors such as CalAmp Corp., Geotab Inc., ORBCOMM Inc., Queclink Wireless Solutions Co. Ltd., and Sierra Wireless Inc. Backed with competitive intelligence and benchmarking, our research reports on the GPS tracker market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
