According the report, The Widespread Mobile Communications Technology Constantly Connecting the Entire World Including Individuals, Businesses and Machines Is Targeted To Be Implemented In the Automotive Industry is one of the primary growth factors for the market. Increased Safety Awareness
is also expected to contribute significantly to the Car Telematics market. Overall, applications of Car Telematics, and the growing awareness of them, is what makes this segment of the industry important to its overall growth.
AMAs Analyst on the Global Car Telematics market identified that the demand is rising in many different parts of the world as "Double digit growth in Fleet" Furthermore, some recent industry insights like "Recently, Agero has announced a new AI-powered mobile telematics platform for crash detection, response, and prevention. Driver360, a holistic mobile solution that utilizes a smartphone’s native sensors to provide automatic crash detection, response, and prevention, without the need for additional hardware. The Driver360 mobile software development kit (SDK) will be easily integrated into existing automotive manufacturers and insurance providers mobile apps. By replacing costly embedded telematics systems with the consumer’s mobile phone, Driver360 brings crash services and driver behavior analysis mainstream." is constantly making the industry dynamic.
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 Car Telematics market by Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Car Telematics market and other related sub-markets covered in the study.
o Key & emerging players in the Car Telematics market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Car Telematics market size is calculated using market estimation process, the Car Telematics market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Car Telematics market size has been validated using both top-down and bottom-up approaches.