Commercial Automotive Telematics Market | Exactitude Consultancy Reports

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Commercial Automotive Telematics Market by Type (Solutions, Services) Provider Type (OEM, Aftermarket) Vertical (Transportation and Logistics, Government and Utilities, Travel and Tourism, Construction, Education, Healthcare, Media and Entertainment) and Region, Global trends and forecast from 2022 to 2029

The global Commercial Automotive Telematics Market is expected to grow at 18 % CAGR from 2020 to 2029. It is expected to reach above USD 1,631 billion by 2029 from USD 36.08 billion in 2020.

Segment Analysis
The global commercial automotive telematics market is segmented based on type, provider type, vertical, and region. By type, the market is bifurcated into solutions and services. By provider, the market is bifurcated into OEM and Aftermarket. By vertical, the market is bifurcated into Transportation and Logistics, Government and Utilities, Travel and Tourism, Construction, Education, Healthcare, Media, and Entertainment.

Based on the type solution segment is dominating the market. The solution segment had the biggest market share in 2020 (81.7%), and it was anticipated that it would maintain its dominance throughout the projected period. In comparison to service providers, telematics solutions suppliers are more prevalent in the market. Additionally, it is predicted that during the projection period, the increased acceptance of 5 G-ready solutions among developed countries will fuel segment expansion. Additionally, software-based solutions are extremely popular due to their effective operation.

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