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Global Automotive Telematics Market to Grow at a CAGR of 18.5% during Forecast Period | BlueWeave Consulting

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New Delhi, Sept. 21, 2022 (GLOBE NEWSWIRE) — Global Automotive Telematics market is growing at a high CAGR because of the growth of the connectivity solutions trend as well as the increased convenience of vehicle diagnosis. However, risk of data hacking may act as a huge restraining factor for the market growth.

A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the Global Automotive Telematics market was worth USD 69.15 billion in the year 2021. The market is projected to grow at a CAGR of 18.5%, earning revenues of around USD 220.37 billion by the end of 2028. The global automotive telematics market is booming because of the growth of the connectivity solutions trend as well as the increased convenience of vehicle diagnosis. However, the risk of data hacking may act as a huge restraining factor for market growth.

Growth of the Connectivity Solutions Trend

In the past few years, there has been an increase in the acceptability of cutting-edge technologies and gadgets in developed and developing countries, including mobile phones, computers, smartphones, tablets, telecoms, and various other modern goods. Smartphones have modified the definition of connectivity over time. People want to maintain their connections to the outside world while traveling. Since connectivity is now a need, automakers are incorporating connectivity features into their automobiles to increase sales. The things that computers and smartphones can perform are what consumers demand from their cars. As a result of the rising customer desire for connectivity 24 hours a day, seven days a week, even when traveling, the vehicle telematics industry is anticipated to expand at a promising rate.

 

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Convenience of Vehicle Diagnosis

The market for vehicle telematics is predicted to increase faster thanks to advanced diagnostic systems. With the aid of telematics technology, passengers and ride-sharing companies can keep a better eye on drivers, manage payments based on route maps, and track the movement of vehicles through smartphones in a seamless and secure manner which aids in foreseeing potential car problems before they arise. With the aid of connectivity technologies, it is simple to track vehicle records, determine which vehicle has traveled the most and give services in accordance. Vehicle fuel consumption and smoke emissions are tracked by diagnostic systems. Thus, it is anticipated that the convenience of vehicle diagnosis through mobile applications will accelerate the market’s rise.  

Risk of Data Hacking

The newest technology on the market is automotive telematics. Unlawful access to various vehicle connectivity solutions or a break into the in-car connectivity system is examples of factors that can hinder the automotive telematics business. There is a serious security issue since hackers can access data collected and stored by car computer systems. As a result, the possibility of automobile telematics systems being hacked is one of the reasons that is anticipated to impede the market growth of automotive telematics. As a result, the main obstacle to the expansion of the automotive telematics market over the forecast period is the risk of data hacking.

Embedded Segment Is Anticipated To Dominate The Market By Form Type

Based on form type, the market is segmented into embedded, integrated, and tethered. A greater revenue share for the embedded category is anticipated in the global market throughout the forecast period owing to a rise in vehicle mishaps and traffic accidents. In addition, with the rise of cloud-based technology and service plans, costs are optimized. Additionally, the logistics industry has seen a considerable increase in the demand for emergency and GPS navigation systems in recent years, which drives up the demand for embedded systems. For instance, in January 2021, Teletrac Navman introduced an AI dual-dashboard camera that can record and analyze 100% of driving time, hence reducing accidents. Due to the growing usage of integrated solutions by auto manufacturers, the integrated segment is anticipated to experience stable revenue growth over the forecast period. For instance, Omnitracs gives Volvo Trucks clients integrated telemetry that makes it easier to find assets and understand driver behavior.

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North America Market is Expected to Hold The Largest Market Share During the Forecast Period

Based on region analysis, North America is expected to register the largest revenue share in the global automotive telematics market during the forecast period, owing to the high adoption of telematics by commercial vehicles and insurance companies, especially in the U.S. Market in Asia-Pacific is expected to register fastest revenue growth rate during the forecast period, due to rising demand for telematics solutions in fleet management. Telematics technology is being adopted by start-ups in China, Nio, FutureMove, and Qoros. Due to stringent automotive safety laws, the Europe market is anticipated to grow at a consistent revenue during the forecast period. The countries with the highest telematics demand are Germany and the UK. The primary motivation for users in UK to use telematics technology is its capacity to locate automobiles.

Impact of COVID-19 on Global Automotive Telematics Market

Numerous industries, notably the car and insurance sectors, have been significantly impacted by the COVID-19 pandemic. The pandemic has put an economic strain on the entire world due to the high cost of fully integrated telematics systems like dash cams, smart route planning, electronic logging devices (ELDs), and driver management. The decline in automobile sales has seriously hampered the growth of the automotive telematics market. However, telematics improves the customer experience, and the many benefits it provides to drivers, automakers, and insurance companies are predicted to significantly contribute to market growth during the forecast period.

Competitive Landscape

Key players operating in the global automotive telematics market are Robert Bosch GmbH, Webfleet Solutions B.V., Zonar Systems, Octo Group S.p.A, Microlise Telematics Pvt. Ltd., CARTRACK, Masternaut Limited, Mix Telematics, Omnitracs, TomTom Telematics BV., Trimble Inc, VERIZON, Harman International, I.D.Systems, Inc., Teletrac Navman, Airbiquity Inc, and other prominent players. For instance, on 18 November 2021, to identify damage and smoke within the vehicle, Robert Bosch GmbH introduced its Ridecare services, including a sensor box. The sensor uses artificial intelligence and cloud-based data analysis to distribute information while deploying a sensor to determine whether a car has been damaged or has been smoked in.

Don’t miss the business opportunity in the Global Automotive Telematics market. Consult our analysts to gain crucial insights and facilitate your business growth.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the Global Automotive Telematics market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Global Automotive Telematics market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

Recent Developments

  • In February 2021, HARMAN International, a wholly owned subsidiary of Samsung Electronics Co., Ltd. focused on connected technologies for the automotive, consumer, and enterprise markets, announced today that it had acquired substantially all of the assets of Savari®, Inc., a Silicon Valley-based automotive technology company developing vehicle-to-everything communications (V2X) technology in 5G Edge and automotive devices.
  • In June 2021, a firm owned by the Michelin Group, Masternaut, announced the release of its new Move Electric solution to help fleet managers transition away from internal combustion engines.

Scope of the Report

Attributes Details
Years Considered Historical data – 2018-2021
Base Year – 2021
Estimated Year – 2022
Forecast – 2022 – 2028
Facts Covered Revenue in USD Billion
Market Coverage North America (US, Canada), Europe (Germany, UK, Italy, France, Spain, The Netherlands, Belgium, Nordic Countries, Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Malaysia, Singapore, Philippines, Vietnam, Rest of Asia Pacific), Latin America (Brazil, Mexico, Argentina, Peru, Colombia, Rest of Latin America), Middle East & Africa (Saudi Arabia, UAE, Qatar, Kuwait, Iran, South Africa, Nigeria, Egypt, Morocco, Algeria, Rest of Middle East & Africa)
Product Service/Segmentation By Service, By Hardware, By Form Type, By Sales Channel, By Vehicle Type, By Connectivity, By Region
Key Players Robert Bosch GmbH, Webfleet Solutions B.V., Zonar Systems, Octo Group S.p.A, Microlise Telematics Pvt. Ltd., CARTRACK, Masternaut Limited, Mix Telematics, Omnitracs, TomTom Telematics BV., Trimble Inc, VERIZON, Harman International, I.D.Systems, Inc., Teletrac Navman, Airbiquity Inc and other prominent players.

By Service

  • Automatic Crash Notification
  • Emergency Calling
  • Navigation
  • On-Road Assistance
  • Remote Diagnostics
  • Vehicle Tracking/Recovery (Fleet Management)
  • Insurance Risk Assessment
  • Driver Behaviour
  • Billing Services
  • Others (Fuel efficiency Guidance, Geo-Fencing, Eco Driving)

By Hardware

  • Telematic Control Unit
  • Navigation Systems
  • Communication Devices
  • Audio/Video Interface
  • CAN Bus

By Form Type

  • Embedded
  • Tethered
  • Integrated

By Sales Channel

  • Original Equipment Manufacturer (OEM)
  • Aftermarket

By Connectivity

  • Satellite
  • Cellular

By Vehicle Type

  • Passenger Car
  • LCV
  • Truck
  • Bus

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

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About Us 

BlueWeave Consulting provides comprehensive Market Intelligence (MI) Solutions to businesses regarding various products and services online and offline. We offer all-inclusive market research reports by analyzing both qualitative and quantitative data to boost the performance of your business solutions. BWC has built its reputation from the scratch by delivering quality inputs and nourishing long-lasting relationships with its clients. We are one of the promising digital MI solutions companies providing agile assistance to make your business endeavors successful.

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Artificial Intelligence

Clinical Trials Matching Software Market Projected to Reach $832.56 million by 2030 – Exclusive Report by 360iResearch

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PUNE, India, April 18, 2024 /PRNewswire/ — The report titled “Clinical Trials Matching Software Market by Functionality (Analytics & Reporting, Compliance Tracking, Data Management), Deployment (Cloud & Web Based, On-Premise), End-Use – Global Forecast 2024-2030” is now available on 360iResearch.com’s offering, presents an analysis indicating that the market projected to grow from a size of $342.20 million in 2023 to reach $832.56 million by 2030, at a CAGR of 13.54% over the forecast period.

“The Global Surge in Adoption of Matching Software for Enhanced Participant Enrollment”
Clinical trials matching software stands at the forefront of revolutionizing clinical research by automating the process of identifying and enrolling eligible participants. These platforms offer a streamlined approach to match patient health profiles with trial requirements, accelerating enrollment and supporting the shift toward personalized healthcare using these advanced AI and ML technologies. Although integrating these systems poses challenges due to variations in healthcare IT infrastructure and the imperative for rigorous data security, the potential for market growth is substantial. In the Americas, a robust clinical trials ecosystem thrives; in the European Union, it has unified regulatory standards and extended to emerging regions such as the Middle East, Africa, and the APAC countries; the demand for such innovative solutions is on a steep rise. This demand is fueled by governmental support, the evolving regulatory landscape, and strategic partnerships to embed these solutions within electronic health records, underscoring a global movement toward optimizing clinical trial processes to better cater to specific patient demographics.
Download Sample Report @ https://www.360iresearch.com/library/intelligence/clinical-trials-matching-software
“The Rise of Virtual Trials and Advanced Matching Software”
The healthcare landscape is witnessing a transformative shift toward virtual clinical trials, fueled by technological advancements and the necessity for continuity during the COVID-19 pandemic. This transition supports research amid social distancing measures and introduces significant cost savings by reducing the need for physical infrastructure and in-person interactions. The efficiencies brought by electronic health records (EHR), wearable technologies, and automation streamline the entire process, from patient recruitment to data analysis. Several approaches, endorsed by regulatory bodies such as the FDA, represent a leap forward in making clinical trials more accessible and streamlined, ensuring that more patients can participate in potentially life-saving research without the geographical and logistic constraints of traditional trials.
“Enhancing Clinical Trials through Advanced Analytics, Rigorous Compliance, and Precision-Patient Matching”
Integrating advanced analytics, meticulous compliance monitoring, and precision-patient matching marks a significant advancement toward maximizing efficiency and fostering trial diversity. The software delivers insightful data on trial progress, participant demographics, and enrollment figures, empowering stakeholders to make well-informed decisions and optimize resource distribution to meet trial goals effectively by implementing cutting-edge analytics. The built-in compliance feature ensures trials are conducted in strict adherence to regulatory standards, minimizing risks associated with non-compliance. Furthermore, a robust data management system guarantees the integrity and availability of clinical trial data, which is critical for the seamless operation and real-time analysis of trials. The software includes state-of-the-art patient matching technology, which employs sophisticated algorithms and artificial intelligence to expedite recruitment by accurately identifying candidates who match specific trial requirements. This innovative approach accelerates the recruitment timeline and enhances the diversification of trial participants, paving the way for more inclusive and representative clinical research outcomes.
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“Medidata by Dassault Systèmes SE at the Forefront of Clinical Trials Matching Software Market with a Strong 11.30% Market Share”
The key players in the Clinical Trials Matching Software Market include International Business Machines Corporation, Science 37, Inc. by eMed, LLC, Medidata by Dassault Systèmes SE, AutoCruitment LLC, Deep 6 AI Inc., and others. These prominent players focus on strategies such as expansions, acquisitions, joint ventures, and developing new products to strengthen their market positions.
“Introducing ThinkMi: Revolutionizing Market Intelligence with AI-Powered Insights for the Clinical Trials Matching Software Market”
We proudly unveil ThinkMi, a cutting-edge AI product designed to transform how businesses interact with the Clinical Trials Matching Software Market. ThinkMi stands out as your premier market intelligence partner, delivering unparalleled insights with the power of artificial intelligence. Whether deciphering market trends or offering actionable intelligence, ThinkMi is engineered to provide precise, relevant answers to your most critical business questions. This revolutionary tool is more than just an information source; it’s a strategic asset that empowers your decision-making with up-to-the-minute data, ensuring you stay ahead in the fiercely competitive Clinical Trials Matching Software Market. Embrace the future of market analysis with ThinkMi, where informed decisions lead to remarkable growth.
Ask Question to ThinkMi @ https://app.360iresearch.com/library/intelligence/clinical-trials-matching-software
“Dive into the Clinical Trials Matching Software Market Landscape: Explore 190 Pages of Insights, 286 Tables, and 22 Figures”
PrefaceResearch MethodologyExecutive SummaryMarket OverviewMarket InsightsClinical Trials Matching Software Market, by FunctionalityClinical Trials Matching Software Market, by DeploymentClinical Trials Matching Software Market, by End-UseAmericas Clinical Trials Matching Software MarketAsia-Pacific Clinical Trials Matching Software MarketEurope, Middle East & Africa Clinical Trials Matching Software MarketCompetitive LandscapeCompetitive PortfolioInquire Before Buying @ https://www.360iresearch.com/library/intelligence/clinical-trials-matching-software
Related Reports:
Clinical Trial Support Services Market – Global Forecast 2024-2030Virtual Clinical Trials Market – Global Forecast 2024-2030Clinical Trials Management System Market – Global Forecast 2024-2030About 360iResearch
Founded in 2017, 360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset — our people.
Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.
Contact 360iResearchMr. Ketan Rohom360iResearch Private Limited,Office No. 519, Nyati Empress,Opposite Phoenix Market City,Vimannagar, Pune, Maharashtra,India – 411014.Email: [email protected]: +1-530-264-8485India: +91-922-607-7550
To learn more, visit 360iresearch.com or follow us on LinkedIn, Twitter, and Facebook.
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RepTrak Announces 2024 Global RepTrak® 100 Report

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BOSTON, April 18, 2024 /PRNewswire/ — The RepTrak™ Company, the world’s leading reputation data and insights company, released its annual Global RepTrak 100 report. Utilizing its advanced reputation monitoring software, RepTrak gathered data from more than 243,000 survey responses across 14 major economies to rank the world’s 100 most reputable companies. They share that ranking alongside a full analysis of global corporate reputation trends and corresponding public sentiment in the 2024 report.

After two years of consecutive Reputation Score declines, this year’s Score is back up with an increase from 73.2 in 2023 to 73.8 in 2024. It’s a small increase after 2023’s full one-point drop. However, it’s an encouraging sign that companies have begun to recover from reputation falls driven by many challenges: macroeconomic issues, workplace difficulties, product problems, and corporate responsibility skepticism.
“This year’s report underscores a pivotal shift in the corporate landscape, spotlighting the remarkable adaptability and dedication of the Top 100 companies in responding to the dynamic needs of stakeholders,” states RepTrak CEO Mark Sonders. “The companies featured in our report are not just riding the wave of change; they are the ones steering it, proving that the best approach to business is one that embraces evolution and champions progress.”
RepTrak’s report explores how people thought, felt, and acted toward companies over the past year. Findings include notable increases in Conduct and Citizenship efforts, stakeholders’ rising willingness to invest, culturally resonant brand communications, and ESG Scores that soared despite skepticism around the acronym.
To read the full 2024 Global RepTrak 100 report, please visit: www.reptrak.com/globalreptrak
About RepTrak
The RepTrak™ Company is the world’s leading reputation data and insights company. We help companies by organizing and grading a variety of reputational elements, offering a real-world report card on their corporate reputation. Subscribers to the RepTrak program use our predictive insights to protect business value, improve return on investment, and increase their positive impact on society. RepTrak’s pairing of advanced metrics and dedicated reputation advisors offers clients an actionable analysis of their reputation data, aligning business objectives with stakeholder sentiment across different markets and sectors.
Established in 2004, The RepTrak Company owns the world’s largest reputation benchmarking database, gathering over 1 million company ratings per year used by CEOs, boards, and executives in more than 60 countries worldwide. For more information, please visit: www.reptrak.com
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Group-IB takes part in a global operation to cripple Canadian Phishing-as-a-Service provider LabHost

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SINGAPORE, April 18, 2024 /PRNewswire/ — Group-IB, a leading cybersecurity company aimed at investigating, preventing, and fight digital crime announced today that it participated in a coordinated global takedown operation against prominent Canadian Phishing-as-a-Service (PhaaS) provider LabHost, which has led to the arrest of 37 suspects across the United Kingdom and around the world by law enforcement agencies. As part of the operation, Group-IB also conducted an extensive analysis of LabHost’s criminal history and infrastructure, including insights into LabHost’s administrative platform and the services it provides to its purported user base which exceeds 2,000 subscribers worldwide, who illegally obtained around 480,000 card numbers, 64,000 pin numbers, and over 1 million passwords from victims used for websites and other online services, according to law enforcement agencies.

“By leveraging our Threat Intelligence and Digital Risk Protection, we are able to identify and monitor phishing attacks and websites like those deployed by LabHost and its subscribers around the world, enabling us to actively alert and protect our customers, and in turn, their customers as well,” said Dmitry Volkov, Chief Executive Officer of Group-IB. “Today’s takedown operation demonstrates the agility and responsiveness of our decentralized Digital Crime Resistance Centers, and how quickly we can provide immediate and local assistance wherever our customers may be.”
First uncovered in late 2021, LabHost emerged as a fully automated Phishing-as-a-Service (PhaaS) platform, streamlining the creation of phishing websites meticulously mirroring the interface and functionality of prominent banking, postal, and financial entities, aimed at intercepting, seizing, and profiting from users’ personal, credit card, and online banking credentials. Users are prompted to select from various “membership plans,” tailored to target businesses and individuals in either the United States and Canada, or globally, akin to mobile subscription models. These plans encompass “standard,” “premium,” and “world membership” tiers, priced between US$179 and US$300 monthly, with options for monthly, quarterly, or annual billing cycles.
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