Commercial Fleet Telematics Services Market
Commercial Fleet Telematics Services Market
Scope: Industry Analysis, Market Size, Growth,
Trends Till 2031
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Commercial Fleet Telematics Services Market Size and Growth
The Commercial Fleet Telematics Services market is experiencing robust growth, driven by increasing demand for enhanced fleet management and operational efficiency. The market size is projected to reach $23 billion by 2025, reflecting a compound annual growth rate (CAGR) of 15%. Key trends include integration of AI and IoT technologies.
Companies Covered
(Covid 19 Impact Covered)
◍ Verizon Connect
◍ Trimble
◍ Geotab
◍ Motive Technologies
◍ Omnitracs (Solera)
◍ Astrata Group
◍ Mix Telematics
◍ Holman Automotive
◍ Bridgestone
◍ PowerFleet
◍ Ford
◍ ZF Transics
◍ Orbcomm
◍ Beijing Chinaway Technology
◍ Cox Automotive
The Commercial Fleet Telematics Services Market features companies like Verizon Connect, Trimble, and Geotab, enhancing fleet management through real-time tracking, data analysis, and maintenance solutions. They drive market growth by providing advanced technologies that improve efficiency, reduce costs, and enhance safety.
Sales Revenue:
- Verizon Connect: $1.1 billion
- Geotab: Approx. $700 million
- Trimble: $3.5 billion (total segments)
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Market Segmentation
By Application
Transport and Logistics
Public Sector
Commercial
Others
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By Product
Vehicle Management
Driver Management
Others
$ 9567.00 Million
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