The Commercial Vehicle Telematics Global Market Report 2023, provides comprehensive information on the commercial vehicle telematics market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
Learn More On The Commercial Vehicle Telematics Market’s Growth:
https://www.thebusinessresearchcompany.com/report/commercial-vehicle-telematics-global-market-report
As per The Business Research Company’s Commercial Vehicle Telematics Global Market Report 2023, the market is expected to grow from $42.38 billion in 2022 to $50.64 billion in 2023 at a compound annual growth rate (CAGR) of 19.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The commercial vehicle telematics market is expected to reach $84.83 billion in 2027 at a CAGR of 13.8%.
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Technological advancements are a key trend gaining popularity in the commercial vehicle telematics market. Major companies operating in the commercial vehicle telematics market are developing innovative, advanced technologies to sustain their position in the market. For instance, in July 2020, Tata Motors Limited, an India-based automobile manufacturer, launched Fleet Edge, an innovative next-generation digital solution for optimal fleet management for commercial vehicles. It is a cloud-based solution that can be accessed from anywhere and makes it easy for fleet managers to monitor their fleets and get the information they need to make informed decisions. Additionally, it features real-time location tracking, driver behavior monitoring, fuel management, maintenance tracking, and compliance reporting.
The commercial vehicle telematics market is segmented:
1) By Type: Solutions, Services
2) By Provider Type: Original Equipment Manufacturer (OEM), Aftermarket
3) By Vertical: Transportation And Logistics, Government And Utilities, Travel And Tourism, Construction, Education, Healthcare, Other Verticals
Asia-Pacific was the largest region in the commercial vehicle telematics market in 2022.
The table of contents in TBRC’s commercial vehicle telematics market report includes:
1. Executive Summary
2. Commercial Vehicle Telematics Market Characteristics
3. Commercial Vehicle Telematics Market Trends And Strategies
4. Commercial Vehicle Telematics Market – Macro Economic Scenario
5. Global Commercial Vehicle Telematics Market Size and Growth
…….
32. Global Commercial Vehicle Telematics Market Competitive Benchmarking
33. Global Commercial Vehicle Telematics Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Commercial Vehicle Telematics Market
35. Commercial Vehicle Telematics Market Future Outlook and Potential Analysis
36. Appendix
Top Major Players:
Verizon Communications Inc.
Cisco Systems Inc.
Continental AG
Navistar International Corporation
Garmin Ltd.
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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