AdvanceMarketAnalytics, a global market research and consulting organization, have released a new study titled "Video Telematics market - Global outlook to 2026". Industries constant focus on reducing the operational cost and increased attention on core business, and need to improve scalability are expected to shape the Global Video Telematics market to grow at a CAGR of %.
The Distribution Channel, such as Online, is boosting the Video Telematics market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Solution, such as Smartphone, is boosting the Video Telematics market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
According to Analyst at AMA Research, the Global Video Telematics market will experience significant growth during the forecast period due to potential opportunities lying in the market such as . Some of the important driving forces are Benefits like Fuel Savings, Accident Prevention, Reduced Operational Cost and Emergence of Electric Vehicle. †
Telematics technology is used to help tackle a wide array of vital tasks which help keep fleets running smoothly & safely. The benefits of telematics services broadly categorised into three primary categories: operations, safety, and compliance. Video telematics combines video information, computer vision technology, and vehicle data to deliver insights that telematics alone cannot. Traditional driver telematics, for example, can give fuel information, as well as data about erratic driving events such as hard braking, swerving, or collisions. Video telematics gives the critical setting required to make long-term solutions. For illustration, the utilize of a cell phone while driving can be identified proactively before it results in a serious event.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Video Telematics market , by Application (Passenger Cars, Commercial Vehicle and Original Equipment Manufacturers) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key trends (current and future) of the market