GCC Connected Trucks Telematics Market Report 2020-2022: Compliance with Regulations and a Strategy to Build New Business Models will Maximise Business Output
Dublin, Nov. 30, 2020 (GLOBE NEWSWIRE) -- The "Innovative Cloud-based SaaS Business Models Driving the GCC Connected Trucks Telematics Market, 2022" report has been added to ResearchAndMarkets.com's offering.
The connected trucks telematics market in the Gulf Cooperation Council (GCC) region is poised for slow growth due to perilous economic conditions.
The market - in an economy hit by the double impact of the ongoing Coronavirus 2019 (COVID-19) pandemic and the slump in oil prices - is dominated by local aftermarket participants, while OEM suppliers are trying to catch up. Telematics technology by itself is expected to grow only gradually as the awareness about vehicle tracking and monitoring of various user-based parameters increases among the user community.
Technological advancements such as real-time tracking, video safety, and advanced driver assistance systems (ADAS) are changing the current driving experience. The penetration of such features in mid-and high-range vehicles is expected to expand the market for vehicle telematics. Additionally, fluctuations in oil prices are a concern for stakeholders, especially with the growth in the number of vehicles that necessitate the adoption of telematics and fleet management solutions.
Key telematics service providers (TSPs) covered in this study include Gurtam, Teltonika, Mix Telematics, and Location Solutions. Notable OEMs covered include MAN, Volvo, Daimler, and Scania. These vendors have employed various strategies to expand their product and application offerings and augment their market share. Many global companies/TSPs are attempting to enter the GCC market; however, they face major challenges. TSPs need to forge deep relationships by establishing a local presence through mergers or acquisitions, partnerships, or joint ventures with local players. Being a price-sensitive market, companies should build efficient and cost-effective solutions to address end-user requirements. The market also holds sizable opportunities for new entrants.
Research Highlights
This research primarily focuses on issues and challenges faced by telematics vendors and OEMs in the GCC market, highlights key market trends, profiles TSPs and OEMs operating in the market, analyses market share and pricing strategies based on hardware/solutions, and identifies available growth opportunities. Key statistics for this research are obtained from major TSPs and OEM suppliers through primary and secondary interviews. The objective of this study is to highlight developments in the telematics industry in the GCC. The market is fragmented due to the presence of many large and small vendors. This report discusses key vendors but does not detail the market share of all participants.
Total telematics penetration in the GCC is expected to reach more than 1 million units by the end of 2022, registering a growth rate of over 7%. Key trends driving this adoption will be driver & vehicle safety, video safety systems, and big data analytics.
Participating in the GCC connected truck telematics market will be a promising venture for new and existing TSPs. Growth in this region will be positive due to its vast geographic spread, impending regulations, and key projects in the oil & gas, transport & logistics, construction & mining, and energy & utility sectors.
Key Topics Covered:
1. Strategic Imperatives
Why is it Increasingly Difficult to Grow?
The Strategic Imperative
Impact of the Top Three Strategic Imperatives on the GCC Telematics Industry
Growth Opportunities Fuel the Growth Pipeline Engine
2. Executive Summary
Key Findings
Roadmap of Connected Trucks Telematics Market
Market Engineering Measurements
PESTLE Analysis
Connected Truck Telematics Market Outlook
Current and Future Outlook
3. Research Scope
Scope
Key Questions this Study will Answer
4. Segmentation and Overview
Vehicle Segmentation
Fleet Size and Distance-driven Segmentation
Solution Types
Key Telematics Services - Overview
5. Market Outlook
Market Engineering Measurements
Key Economic Indicators - GCC, 2019-2022
Top Market Issues and Challenges - GCC
Key Future Market Trends - GCC
Connected Truck Market - Installed Base Forecast
Key TSPs Operating in GCC
Key OEMs Operating in GCC
Ecosystem Partners and Local Partnerships
6. Country-wise Analysis
Country Analysis - Saudi Arabia
Country Analysis - UAE
Country Analysis - Kuwait
Country Analysis - Oman
Country Analysis - Qatar
7. Pricing and Competitive Scenario
Telematics Product Type Range
Telematics Product Package Range
Competitive Force Analysis
Competitive Force Analysis - OEMs Vs. TSPs
8. Market Share Analysis
GCC Telematics - Installed Base by Contributions
Installed Base - Forecast
Market Share Analysis
9. Market Opportunity Analysis
Opportunity by Hardware Type
Opportunity by Package Type
Opportunities by Services - Top 3 Short-term Key Services
Opportunity by Vehicle Type
Opportunity by Fleet Type
Opportunity by Industry Type
Opportunity by Solution Type
Key Opportunity Regions
10. Growth Opportunities and Companies to Action
Growth Opportunity - Compliance with Regulations and a Strategy to Build New Business Models will Maximise Business Output
Strategic Imperatives for Success and Growth
11. Conclusions
Key Conclusions and Future Outlook
The Last Word - 3 Big Predictions
12. Next Steps
Companies Mentioned
Daimler
Gurtam
Location Solutions
MAN
Mix Telematics
Scania
Teltonika
Volvo
For more information about this report visit https://www.researchandmarkets.com/r/o6o9is
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900