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Telematics Systems Market Share

Report ID: GMI10433
Published Date: Jul 2024
Report Format: PDF

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Telematics Systems Market Share

Major players operating in the telematics systems industry are:

Fleet Complete
Geotab Inc.
Mix Telematics
Octo Telematics
TomTom Telematics
Trimble Inc.
Verizon Connect

Verizon Connect and Geotab Inc. hold a significant share in the telematics systems market. Verizon Connect and Geotab Inc. offer scalable solutions that can be customized to meet specific business needs. Whether it's for fleet management, asset tracking, or compliance monitoring, their platforms provide flexibility to adapt to different operational requirements and regulatory standards. These companies invest heavily in research and development, continuously enhancing their telematics platforms with cutting-edge technologies. Features like real-time data analytics, predictive maintenance, and integration with IoT devices contribute to their market leadership by offering advanced capabilities that improve operational efficiency and decision-making.

Some other major players in the market are PTC Inc., Sierra Wireless, HERE Technologies, Intel Corporation, AT&T Inc., Robert Bosch GmbH, and Continental AG.

Authors: Suraj Gujar , Saptadeep Das

Frequently Asked Questions (FAQ) :

The market size of telematics systems reached USD 44.7 billion in 2023 and is set to grow at a CAGR of over 10% between 2024 and 2032, backed by increasing demand for connected vehicles and advancements in automotive technology.

The smartphone segment will record a CAGR of over 10% between 2024 and 2032, as it is a ready platform for integrating telematics functionalities, leveraging the device's built-in sensors (such as GPS) and connectivity (cellular and Wi-Fi) for vehicle tracking, navigation, and data transmission.

North America dominated the global market in 2023, accounting for a share of over 30%, owing to the advanced automotive sector, strong regulatory frameworks mandating vehicle safety and emissions control, and high consumer demand for connected vehicle technologies.

Fleet Complete, Geotab Inc., Mix Telematics, Octo Telematics, TomTom Telematics, Trimble Inc., and Verizon Connect.