New Report Reveals Telematics Market Set to Grow 21% by 2025

Yes, this is just a trailer for a report that costs real money to buy, but the key factor here is growth – and significant growth at that – in a European economy where so many sectors are more or less stagnant, or worse still, like High St retailing, local newspapers and eat-in restaurants, basically free-falling into oblivion.

The “Insurance Telematics – Market Analysis, Trends, and Forecasts” report has been added to ResearchAndMarkets.com’s offering.

Insurance Telematics market worldwide is projected to grow by US$4.3 Billion, driven by a compounded growth of 21.5%.

On-Premises, one of the segments analyzed and sized in this study, displays the potential to grow at over 20.5%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$3.3 Billion by the year 2025, On-Premises will bring in healthy gains adding significant momentum to global growth.

Representing the developed world, the United States will maintain a 23.4% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$161.1 Million to the region’s size and clout in the next 5 to 6 years. Over US$204.7 Million worth of projected demand in the region will come from Rest of Europe markets. In Japan, On-Premises will reach a market size of US$240.4 Million by the close of the analysis period.

mobile devices USA telematics retro fit to all cars

As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 21.1% over the next couple of years and add approximately US$748.1 Million in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders.

Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio.

Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

ITS road telematics

Competitors identified in this market include:

  • Agero, Inc.
  • Aplicom Oy
  • Masternaut Ltd.
  • MiX Telematics
  • Octo Telematics Ltd.
  • Sierra Wireless, Inc.
  • Telogis, Inc.
  • Tomtom Telematics BV
  • Trimble Navigation Ltd.
  • Verizon Enterprise Solutions

For more information about this report visit https://www.researchandmarkets.com/r/g4roek

About InsuranceEdgeEditor (2164 Articles)
20 years experience as a journalist and magazine editor. I'm your contact for press releases, events, news and commercial opportunities at Insurance-Edge.Net

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