Top 19 Vendors in Telematics Market
Prof Research published a new market report on the telematics market. It presents the largest 19 vendors in the telematics market. The report is a professional and in-depth study on the current state of the global telematics market with a focus on the Chinese market. The report provides key statistics on the market of telematics. This report covers 1 products telematics. It is a valuable source of guidance and direction for companies and individuals interested in the telematics industry.
The global telematics market was valued to be 5,632.03 million USD in 2020. The telematics market size is anticipated to have grown with a CAGR of 7.4% in the coming years to reach 8,643.37 million USD in 2026.
OnStar is the largest vendor of telematics in the world, it has a market share of 20.28% in value. OnStar Corporation is a subsidiary of General Motors that provides subscription-based communications, in-vehicle security, emergency services, hands-free calling, turn-by-turn navigation, and remote diagnostics systems throughout the United States, Canada, China, Mexico, Europe, Brazil, and Argentina.
Sierra Wireless is the second-largest vendor of telematics in the world, it has a market share of 7.96% in value. Sierra Wireless, Inc. is engaged in building the Internet of Things (IoT) with wireless solutions for organizations. The Company's business is divided into two segments: loT Solutions segment and Embedded Broadband segment.
Verizon Connect is the third-largest vendor of telematics in the world, it has a market share of 7.57% in value. Former brands within Verizon’s connected vehicle portfolio included Verizon telematics, Fleetmatics and Telogis, and were rebranded as Verizon Connect in 2018. The Verizon Connect portfolio of solutions and services includes comprehensive fleet and mobile workforce management software platforms and embedded OEM hardware.
Omnitracs is the fourth-largest vendor of telematics in the world, it has a market share of 6.85% in value. Omnitracs, LLC is the global pioneer of trucking solutions for all business models. Omnitracs’ more than 1,100 employees deliver software-as-a-service-based solutions to help over 14,000 customers manage nearly 1,100,000 assets in more than 70 countries.