Telematics Solutions Market worth $62.6 billion by 2025 Telematics Solutions Market worth $62.6 billion by | Page 3

The regulatory mandates in the EU drive the embedded telematics segment growth. EU
has recently mandated that all new car models in member states must have integrated
telematics as part of its European eCall system, connecting a vehicle to emergency
services following a collision and providing location and impact information. Similar
mandates are expected to be followed by other countries in the future
Fleet Management Market is expected to grow at the fastest CAGR by service
segment.
Fleet Management market is driven by the continuous increase in the demand for
logistics and transport. Large commercial vehicle fleet owners mainly use this kind of
service. The determiners of the segment growth are growing need for operational
efficiency, cost reduction and better overall management of fleet and resources. With
fleet management, organizations can have better access to plan maintenance of vehicles,
enhanced driver safety, proper routing of fleets that can all ultimately lead to effective
operations of the fleet. Adding to that, vehicle connectivity and smart transportation are
increasingly helping organizations to ensure safe operations of the fleets. Fleet
management also helps in higher efficiency, consistent performances and ultimately
reduced costs. Currently, the market is mainly concentrated in North America and
Europe.
Embedded System is expected to lead the market during the forecast period