TELEMATICS MARKET - GROWTH, TRENDS, AND FORECAST (2020 - 2025)

TELEMATICS MARKET - GROWTH, TRENDS, AND FORECAST (2020 - 2025)

The global telematics market is expected to register a CAGR of 20.7%, over the forecast period (2020 - 2025). The focus shifted from vehicle location and routing to solutions focused on drivers and their respective safety. By monitoring the driving behavior, vehicle health and maintenance intervals, telematics solutions help minimize accidental incidents, the number of speeding tickets, and downtime.

• The mobile resource management (MRM - traditional telematics and GPS tracking) and machine-to-machine sectors will continue to drive the market and include better commercial fleet productivity (fuel cost reduction, routing, reduced maintenance, driver monitoring), improved customer service (real-time status, timely response times), and improved risk management, driver behavior and safety, and control and improvement.
• Organizations are increasingly turning to EVs. In June 2018, Geotab, a global leader in IoT and connected transportation, acquired clean-tech solution provider, FleetCarma. They are specializing in EV telematics, that provides technology for the adoption and operation of EVs. This is because organizations have turned to EVs while setting goals to reduce emissions and improve operational fleet efficiency.
• As a huge amount of data that is getting generated about the driver and the behavior involved there are huge risks related to cyber attacks that could occur. 

Scope of the Report

Combining the properties and capabilities of telecommunication and information technology, telematics is now being used across various industries for effective transportation and logistics purpose. In 2008, the Association of Equipment Management Professionals (AEMP) brought together the major construction equipment manufacturers and telematics providers in the heavy equipment industry to discuss the development of the industry's first telematics standard

By Application
		Original Equipment Manufacturers (OEM)
		Aftermarket

By Solution
		Smartphone
		Portable
		Embedded

By Offering Type
		Hardware
		Services

Geography
		North America
		Europe
		Asia Pacific
		South America
		Middle East and Africa

Read more : https://www.mordorintelligence.com/industry-reports/telematics-market