Telematics Solutions Market worth $62.6 billion by 2025
                     MarketsandMarkets 
Presents
Telematics Solutions Market worth 
$62.6 billion by 2025
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The report "Telematics Solutions Market by Service (ACN, eCall, 
RSA, Remote Diagnostics, Insurance Risk Assessment, Driver 
Behavior, Billing & Other), Form & Vehicle Type, Component, 
Connectivity, Aftermarket, Fleet Management Service, Region - 
Global Forecast to 2025" The telematics solutions market is projected 
to reach USD 62.6 billion by 2025 from an estimated USD 29.9 billion in 
2020 at a CAGR of 15.9% during the forecast period.
Browse 130 market data Tables and 50 Figures spread 
through 180 Pages and in-depth TOC on "Telematics Solutions 
Market”
The telematics solutions market growth is governed by the increasing 
trend of in-vehicle connectivity solutions and government initiatives 
towards developments in intelligent transportation systems & connected 
cars. The market growth is also supported by the continual improvement 
in network infrastructure along with increasing technology acceptance 
among the consumers. Therefore, the telematics solutions market is 
expected to witness significant growth in the future.
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Fleet Management Market is expected to grow at the fastest 
CAGR by service segment.
Fleet Management market is driven by the continuous increase in the 
demand for logistics and transport. Large commercial vehicle fleet 
owners mainly use this kind of service. The determiners of the segment 
growth are growing need for operational efficiency, cost reduction and 
better overall management of fleet and resources. With fleet 
management, organizations can have better access to plan maintenance 
of vehicles, enhanced driver safety, proper routing of fleets that can all 
ultimately lead to effective operations of the fleet. Adding to that, 
vehicle connectivity and smart transportation are increasingly helping 
organizations to ensure safe operations of the fleets. Fleet management 
also helps in higher efficiency, consistent performances and ultimately 
reduced costs. Currently, the market is mainly concentrated in North 
America and Europe.
Embedded System  is expected to lead the market during the 
forecast period
The regulatory mandates in the EU drive the embedded telematics 
segment growth. EU has recently mandated that all new car models in 
member states must have integrated telematics as part of its European 
eCall system, connecting a vehicle to emergency services following a 
collision and providing location and impact information. Similar 
mandates are expected to be followed by other countries in the future
The embedded telematics segment growth in the long term is attributed to 
various disruptive factors such as government mandates, cost optimization of 
service plans, and an increase in cloud-based services. By 2025, the 
embedded form of connectivity is estimated to dominate the market with 
largest market share.
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Asia Pacific region is expected to lead the OE market during the 
forecast period.
One of the critical drivers for the Asia Pacific market is the increased demand 
for fleet management and navigation services, particularly in China, Japan, 
India and South Korea. The tech-savvy population in these countries are now 
getting more inclined towards connected driving experience. The demand for 
telematics in the Asia Pacific is significantly driven by strong economic 
growth, ongoing advancement in the automotive sector and rapid 
urbanization. As safety regulations have been made in Japan and South 
Korea, the demand for telematics in these countries is anticipated to increase 
in coming years.  
Owing to favorable government initiatives, telecom infrastructure has 
registered significant growth in APAC. For instance, the installation of 
telematics systems and satellite positioning in commercial vehicles has been 
made mandatory by the Chinese government. 
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Critical Questions:
• Many companies are operating in the telematics solutions market 
space across the globe. Do you know who are the front leaders, and 
what strategies have been adopted by them?
• Fast-paced developments in telematics services such as fleet 
management, insurance risk assessment, and driver behavior offered 
by leading services and solution providers are expected to change the 
dynamics of the telematics solutions market. How will this transform 
the overall market?
• Analysis of your competition that includes major players in the 
telematics solutions ecosystem. 
• Discussion on your client’s imperatives based on our existing research 
on the telematics solutions market and its ecosystems.
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