Telematics-based Auto Insurance Market Outlook (2023 to 2033)

The global telematics-based auto insurance market is anticipated to generate revenues of US$ 2,513.9 million in 2023. Demand is anticipated to increase at a CAGR of 18.7% and reach US$ 13,998.3 million by 2033.

The foregoing factors driving the expansion of the global demand for telematics-based auto insurance include:

  • Connected Cars: The automotive industry is changing its trajectory, and by 2025, more than 400 million connected vehicles are likely to be on the road. Additionally, it is anticipated that there are likely to be more than 27 billion IoT devices during that time. All these factors encourage widespread telematics insurance adoption.
  • Technological Developments in Telematics: Businesses that invested in telematics technology early now take satisfaction in well-developed telematics products, and have achieved a high position in this market. Insurance firms understand the significance of putting their telematics-based solutions into practice. The providers of telematics services are also aware of this value and have made investments to expand the capabilities of their products.
  • Growing demand for personalized insurance offerings: Traditional insurers are attempting to change to compete with digital evolution. This is likely to justify the increasing demand for automation. Insurance regulators create individualized offers to achieve efficient cost structures, competitive rates, and the customers’ demand for immediate services
Attribute Details
Expected Market CAGR (2023 to 2033) 18.7%
Market Size (2023) US$ 2,513.9 million
Expected Market Size (2033) US$ 13,998.3 million

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Telematics-based Auto Insurance Services Evolution (2018 to 2022 vs. 2023 to 2033)

2018 to 2022 Demand Analysis:

With a market valuation of US$ 1,159.5 million in 2018 and US$ 2,146.8 million in 2022, the market was progressing with a CAGR of 16.6%. This is because historically, auto insurance providers have concentrated on factors including location, age of the driver and the vehicle, and motor vehicle reports when determining risk and premiums. This was a time- and money-consuming procedure for the key participants.

Telematics enables carriers to assess a driver's driving style to accurately predict risks and set policy prices. Auto insurance companies have seen that telematics-based insurance programs have become popular over time.

2023 to 2033 Demand Analysis:

Telematics-based auto insurers, with an anticipated market value of US$ 4,204.20 million in 2026 seek to connect and automate the claims process through connectivity. This includes devices like cameras and sensors that deliver precise, real-time data. Artificial intelligence (AI) is boosting the market's income streams and causing the sector to expand 1.17 times between 2022 and 2023.

What Trends Lead to Prodigious Sales of Telematics-based Auto Insurance?

Firstly, the demand for telematics devices is rising in the automotive and insurance industries, which is fueling global market expansion. Telematic devices enhance premium pricing, how customers view a firm, and strengthen long-term connections via enhancing communication, which explains this. Secondly, the automotive industry's growing need for regulatory compliance and the insurance telematics industry's notable adoption of IoT technology proliferate the demand for telematics-based auto insurance.

A robust ecosystem is developing around connected car services, as demand for usage-based automotive insurance is rising considerably. This ecosystem includes participants including

  • Automobile insurance black box and telematics suppliers
  • Big data firms
  • Cloud service providers
  • Data platform and analytics providers
  • Automotive insurance IoT and insurance platform providers.

In plenty of ways, insurance businesses are undergoing a digital transition. For instance, machine learning or predictive modeling technologies can replace the analytics capabilities of insurance firms.

Traditional data sets containing risk profiles based on claims history are being replaced by the increasing accessibility of real-time data collection from vehicles. For those involved in the usage-based insurance sector, the rise of vehicle telematics, demand for linked car services, and mobile-based telematics are likely to present a plethora of options.

Sudip Saha
Sudip Saha

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Regional Analysis

  • North America market saw a dominant demand for telematics-based auto insurance, with a share of 29.6% in 2022.
  • Europe is following a successful path and holds a second leading position with a share of 24.4% in 2022.

The United States Revenue Stream Influenced by Recent Trends

Usage-based auto insurance programs dramatically increased in the United States between January 2022 and April 2022. Depending on the operator or provider, this program results in savings of up to 30% on the insurance premium. However, price increases are what have caused the great decline in customer satisfaction.

This low level of satisfaction can be reduced by alerting clients in advance if prices are rising. In 2022, the United States obtained an 18.5% market share. The AV and EV industries undergo significant changes in the coming years, and the United States telematics-based auto insurance sector needs to adapt to the resulting disruptions.

Key Players in Germany Create Strong Competition in the Global Market

The market in Germany was expanding at a significant rate, with a share of 7.6% in 2022. Significantly decreasing hardware costs are anticipated to boost consumer acceptability of the gadget in Europe. Additionally, the entry of well-known OEMs that provide services and warranties backed by dealerships is likely to encourage market expansion in Germany.

German automakers are progressing in the connected cars market. The nation also commands an adequate market share in Europe for auto telematics. Leading automotive OEMs are also releasing vehicles with cutting-edge connectivity and infotainment systems.

The United Kingdom Sales of Telematics-based Auto Insurance based on Fresh Programs

The United Kingdom is expected to have a CAGR of 18.2% by 2033. Favorable projects in the United Kingdom are:

  • Admiral: LittleBox is a telematics-based motor insurance service offered by Admiral, a United Kingdom-based insurance provider. Through a small device that is installed in the vehicle, LittleBox gathers information on driving behavior.
  • United Kingdom-based insurance provider, Direct Line, provides a DrivePlus telematics-based auto insurance service. Driving behavior information, such as speed, acceleration, and braking, is gathered by DrivePlus using a mobile app.

Surging Passenger Vehicles led to the Demand in India & China Market

Country China
Market CAGR (2023 to 2033) 17.7%

 

 

The automobile sector is crucial to the GDP growth of many developing nations, such as China, India, and others. The global volume of autos is predicted to record a CAGR of 3% throughout the projection period. The amount of parked cars around the world is one aspect to take into account when estimating the global potential of the telematics-based auto insurance industry.

As the amount of parked cars is anticipated to rise significantly over the world, the growth gradient of passenger vehicles (PV) becomes high than that of commercial vehicles (CV).

Product innovation in India proves to be a profitable factor. For instance, the Indian insurance sector is actively evaluating this Gen-Next product and is proceeding cautiously with its implementation. The regulator is allowing insurers to file these items under its experimental "Use and File" program.

Category Analysis

Which Technology has Wide Scope in the Market?

The classic type of UBI technology that is favored by most car owners is the black box. The demand for the black box is likely to rise as telematics insurance for usage-based insurance for heavy-duty vehicles becomes prevalent.

The penetration is now leading in Europe, especially in Italy. A black box is extremely accurate and records a variety of data. However, these devices are pricey and call for specialized installation, which raises the overall upfront cost of the service.

An embedded system is replacing a black box in the UBI market. Consequently, the market share of the segment is likely to change in the future, but UBI technology continues to be widely used.

Passenger Cars Drive the Growth of the Global Market

Passenger cars saw a top spot with a share of 48.5% in 2022. The increasing adoption of telematics-based auto insurance programs by passenger car owners is driven by several factors. This includes the desire for personalized insurance products and the growing awareness of the benefits of safe driving.

Telematics-based auto insurance programs in the passenger car segment typically use a small device installed in the vehicle or a mobile app. It is to collect data about driving behavior, such as speed, braking, and location. This data is then used to calculate the policyholder's insurance premium, with safe drivers typically receiving low premiums. Also, the investment in commercial applications is likely to increase technologies for autonomous passenger cars.

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What are Programs Introduced by Key Players to Contribute to the Telematics-based Auto Insurance Market?

Safe driving practices, low mileage, and other characteristics that point to a low risk of accidents are rewarded by insurers in the telematics-based vehicle insurance market with discounts. To gather information about driving behavior, the systems often use mobile apps or devices connected to the OBD-II port on the car.

In 2020, the total investment made in telematics-based auto insurance programs is US$ 7,000 million. Successful Usage-based Insurance (UBI) initiatives that support market expansion include:

Companies Liberty Mutual
Program Right Track
Offering RightTrack gathers information on driving behavior using a mobile app or a gadget hooked into the car's OBD-II port
Profit Made (2020) US$ 3,700 million
Companies The Allstate Corporation
Program Drivewise
Offering It offers 10% discounts and tracked driving time and sudden stops.
Profit Made (2020) US$ 4,600 million
Companies Progressive corporation
Program Snapshot
Offering It offers 30% discounts and tracks phone activity and distance traveled.
Profit Made (2020) US$ 3,700 million

How Telematics-based Auto Insurance Providers Direct the Growth Path

The key market players are extending their consumer bases internationally to maintain their position at the top. To increase their market share and profitability, these companies engage in tactical joint ventures. To improve the capabilities of their products, industry players are also buying up start-ups developing telematics-based auto insurance business technologies.

Some OEMs are likely to decide to enter the insurance industry, drawn by the opportunity to create new sources of income.

Recent Developments:

  • Mercedes-Benz Connectivity Services joined Webfleet Solutions' OEM.connect partner program in January 2021, according to an announcement made at that time. This shows that Mercedes-Benz vans and passenger cars with line-fitted connectivity are ready to connect to the Webfleet Solutions service platform WEBFLEET.
  • A digital-only insurance company called OPES teamed up with IMS in November 2022 to launch O-Car, an app-based telematics insurance solution, in Vietnam. O-Car uses the unique IMS Wedge technology and IMS One App SDK to identify the insured's car. The 3 million car owners in the nation are the target market for this app-based solution from OPES.

Key Players Operating in the Telematics-based Auto Insurance Market?

  • Progressive Corporation
  • Allstate Corporation
  • State Farm Mutual Automobile Insurance Company
  • Liberty Mutual Insurance Group
  • Metromile Inc.
  • Insure The Box Ltd.
  • UnipolSai Assicurazioni S.p.A.
  • Admiral Group plc
  • Allianz SE
  • Octo Telematics Ltd
  • Others

Key Segments

By Vehicle Type:

  • Passenger Cars
  • Commercial Vehicles
  • Two-wheelers)

By Technology:

  • OBD-I
  • Hybrid
  • Smartphone
  • Black-box

By Deployment:

  • On-Premise
  • Cloud

By Type:

  • Pay-As-You-Drive (PAYD)
  • Pay-How-You-Drive (PHYD)
  • Manage-How-You-Drive (MHYD)

By Vehicle Age:

  • New Vehicle
  • Used Vehicle

By Organization Size:

  • Large Enterprises
  • Small & Medium-sized Enterprises

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • The Middle East & Africa (MEA)

Frequently Asked Questions

What is the Market Size of the Telematics-based Auto Insurance Market?

The market size of the telematics-based auto insurance market is US$ 2,513.9 million in 2023.

What is the Top Trend in the Telematics-based Auto Insurance Market?

Technological developments like AI and machine language are gaining popularity in the market.

What is North America’s Contribution to the Telematics-based Auto Insurance Market?

North America market saw a dominant demand, with a share of 29.6% in 2022.

Which Technology has Wide Scope in the Market?

The classic type of UBI technology that is favored by most car owners is the black box.

Who are the Key Players in the Telematics-based Auto Insurance Market?

Progressive Corporation, Allstate Corporation, and State Farm Mutual Automobile Insurance Company are key players in the market.

Table of Content

1. Executive Summary | Telematics-Based Auto Insurance Market

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity

        3.1.4. Trends

    3.2. Scenario Forecast

        3.2.1. Demand in Optimistic Scenario

        3.2.2. Demand in Likely Scenario

        3.2.3. Demand in Conservative Scenario

    3.3. Opportunity Map Analysis

    3.4. Investment Feasibility Matrix

    3.5. PESTLE and Porter’s Analysis

    3.6. Regulatory Landscape

        3.6.1. By Key Regions

        3.6.2. By Key Countries

    3.7. Regional Parent Market Outlook

4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033

    4.1. Historical Market Size Value (US$ Million) Analysis, 2018 to 2022

    4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033

        4.2.1. Y-o-Y Growth Trend Analysis

        4.2.2. Absolute $ Opportunity Analysis

5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Offering

    5.1. Introduction / Key Findings

    5.2. Historical Market Size Value (US$ Million) Analysis By Offering, 2018 to 2022

    5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Offering, 2023 to 2033

        5.3.1. Hardware

            5.3.1.1. Telematics Control Value (US$ Million) (TCU)

            5.3.1.2. Navigation System (GPS

        5.3.2. Software

        5.3.3. Services

            5.3.3.1. Consulting

            5.3.3.2. Implementation

            5.3.3.3. Maintenance

    5.4. Y-o-Y Growth Trend Analysis By Offering, 2018 to 2022

    5.5. Absolute $ Opportunity Analysis By Offering, 2023 to 2033

6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Technology

    6.1. Introduction / Key Findings

    6.2. Historical Market Size Value (US$ Million) Analysis By Technology, 2018 to 2022

    6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Technology, 2023 to 2033

        6.3.1. OBD-II

        6.3.2. Smartphone

        6.3.3. Hybrid

        6.3.4. Black-box

    6.4. Y-o-Y Growth Trend Analysis By Technology, 2018 to 2022

    6.5. Absolute $ Opportunity Analysis By Technology, 2023 to 2033

7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Deployment

    7.1. Introduction / Key Findings

    7.2. Historical Market Size Value (US$ Million) Analysis By Deployment, 2018 to 2022

    7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Deployment, 2023 to 2033

        7.3.1. On-Premise

        7.3.2. Cloud

        7.3.3. Manage-How-You- Drive (MHYD)

    7.4. Y-o-Y Growth Trend Analysis By Deployment, 2018 to 2022

    7.5. Absolute $ Opportunity Analysis By Deployment, 2023 to 2033

8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type

    8.1. Introduction / Key Findings

    8.2. Historical Market Size Value (US$ Million) Analysis By Type, 2018 to 2022

    8.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Type, 2023 to 2033

        8.3.1. Pay-As-You-Drive (PAYD)

        8.3.2. Pay-How-You-Drive (PHYD)

    8.4. Y-o-Y Growth Trend Analysis By Type, 2018 to 2022

    8.5. Absolute $ Opportunity Analysis By Type, 2023 to 2033

9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Vehicle Age

    9.1. Introduction / Key Findings

    9.2. Historical Market Size Value (US$ Million) Analysis By Vehicle Age, 2018 to 2022

    9.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Vehicle Age, 2023 to 2033

        9.3.1. New Vehicles

        9.3.2. Used Vehicles

    9.4. Y-o-Y Growth Trend Analysis By Vehicle Age, 2018 to 2022

    9.5. Absolute $ Opportunity Analysis By Vehicle Age, 2023 to 2033

10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Vehicle Type

    10.1. Introduction / Key Findings

    10.2. Historical Market Size Value (US$ Million) Analysis By Vehicle Type, 2018 to 2022

    10.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Vehicle Type, 2023 to 2033

        10.3.1. Light-Duty Vehicles (LDV)

        10.3.2. Heavy-Duty Vehicles (HDV)

    10.4. Y-o-Y Growth Trend Analysis By Vehicle Type, 2018 to 2022

    10.5. Absolute $ Opportunity Analysis By Vehicle Type, 2023 to 2033

11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Organization Size

    11.1. Introduction / Key Findings

    11.2. Historical Market Size Value (US$ Million) Analysis By Organization Size, 2018 to 2022

    11.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Organization Size, 2023 to 2033

        11.3.1. Large Enterprises

        11.3.2. Small & Medium-sized Enterprises

    11.4. Y-o-Y Growth Trend Analysis By Organization Size, 2018 to 2022

    11.5. Absolute $ Opportunity Analysis By Organization Size, 2023 to 2033

12. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region

    12.1. Introduction

    12.2. Historical Market Size Value (US$ Million) Analysis By Region, 2018 to 2022

    12.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2023 to 2033

        12.3.1. North America

        12.3.2. Latin America

        12.3.3. Europe

        12.3.4. South Asia

        12.3.5. East Asia

        12.3.6. Oceania

        12.3.7. MEA

    12.4. Market Attractiveness Analysis By Region

13. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022

    13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033

        13.2.1. By Country

            13.2.1.1. United States of America

            13.2.1.2. Canada

        13.2.2. By Offering

        13.2.3. By Technology

        13.2.4. By Deployment

        13.2.5. By Type

        13.2.6. By Vehicle Age

        13.2.7. By Vehicle Type

        13.2.8. By Organization Size

    13.3. Market Attractiveness Analysis

        13.3.1. By Country

        13.3.2. By Offering

        13.3.3. By Technology

        13.3.4. By Deployment

        13.3.5. By Type

        13.3.6. By Vehicle Age

        13.3.7. By Vehicle Type

        13.3.8. By Organization Size

    13.4. Key Takeaways

14. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022

    14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033

        14.2.1. By Country

            14.2.1.1. Brazil

            14.2.1.2. Mexico

            14.2.1.3. Rest of Latin America

        14.2.2. By Offering

        14.2.3. By Technology

        14.2.4. By Deployment

        14.2.5. By Type

        14.2.6. By Vehicle Age

        14.2.7. By Vehicle Type

        14.2.8. By Organization Size

    14.3. Market Attractiveness Analysis

        14.3.1. By Country

        14.3.2. By Offering

        14.3.3. By Technology

        14.3.4. By Deployment

        14.3.5. By Type

        14.3.6. By Vehicle Age

        14.3.7. By Vehicle Type

        14.3.8. By Organization Size

    14.4. Key Takeaways

15. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    15.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022

    15.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033

        15.2.1. By Country

            15.2.1.1. Germany

            15.2.1.2. United Kingdom

            15.2.1.3. France

            15.2.1.4. Spain

            15.2.1.5. Italy

            15.2.1.6. Rest of Europe

        15.2.2. By Offering

        15.2.3. By Technology

        15.2.4. By Deployment

        15.2.5. By Type

        15.2.6. By Vehicle Age

        15.2.7. By Vehicle Type

        15.2.8. By Organization Size

    15.3. Market Attractiveness Analysis

        15.3.1. By Country

        15.3.2. By Offering

        15.3.3. By Technology

        15.3.4. By Deployment

        15.3.5. By Type

        15.3.6. By Vehicle Age

        15.3.7. By Vehicle Type

        15.3.8. By Organization Size

    15.4. Key Takeaways

16. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    16.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022

    16.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033

        16.2.1. By Country

            16.2.1.1. India

            16.2.1.2. Malaysia

            16.2.1.3. Singapore

            16.2.1.4. Thailand

            16.2.1.5. Rest of South Asia

        16.2.2. By Offering

        16.2.3. By Technology

        16.2.4. By Deployment

        16.2.5. By Type

        16.2.6. By Vehicle Age

        16.2.7. By Vehicle Type

        16.2.8. By Organization Size

    16.3. Market Attractiveness Analysis

        16.3.1. By Country

        16.3.2. By Offering

        16.3.3. By Technology

        16.3.4. By Deployment

        16.3.5. By Type

        16.3.6. By Vehicle Age

        16.3.7. By Vehicle Type

        16.3.8. By Organization Size

    16.4. Key Takeaways

17. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    17.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022

    17.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033

        17.2.1. By Country

            17.2.1.1. China

            17.2.1.2. Japan

            17.2.1.3. South Korea

        17.2.2. By Offering

        17.2.3. By Technology

        17.2.4. By Deployment

        17.2.5. By Type

        17.2.6. By Vehicle Age

        17.2.7. By Vehicle Type

        17.2.8. By Organization Size

    17.3. Market Attractiveness Analysis

        17.3.1. By Country

        17.3.2. By Offering

        17.3.3. By Technology

        17.3.4. By Deployment

        17.3.5. By Type

        17.3.6. By Vehicle Age

        17.3.7. By Vehicle Type

        17.3.8. By Organization Size

    17.4. Key Takeaways

18. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    18.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022

    18.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033

        18.2.1. By Country

            18.2.1.1. Australia

            18.2.1.2. New Zealand

        18.2.2. By Offering

        18.2.3. By Technology

        18.2.4. By Deployment

        18.2.5. By Type

        18.2.6. By Vehicle Age

        18.2.7. By Vehicle Type

        18.2.8. By Organization Size

    18.3. Market Attractiveness Analysis

        18.3.1. By Country

        18.3.2. By Offering

        18.3.3. By Technology

        18.3.4. By Deployment

        18.3.5. By Type

        18.3.6. By Vehicle Age

        18.3.7. By Vehicle Type

        18.3.8. By Organization Size

    18.4. Key Takeaways

19. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    19.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022

    19.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033

        19.2.1. By Country

            19.2.1.1. GCC Countries

            19.2.1.2. South Africa

            19.2.1.3. Israel

            19.2.1.4. Rest of MEA

        19.2.2. By Offering

        19.2.3. By Technology

        19.2.4. By Deployment

        19.2.5. By Type

        19.2.6. By Vehicle Age

        19.2.7. By Vehicle Type

        19.2.8. By Organization Size

    19.3. Market Attractiveness Analysis

        19.3.1. By Country

        19.3.2. By Offering

        19.3.3. By Technology

        19.3.4. By Deployment

        19.3.5. By Type

        19.3.6. By Vehicle Age

        19.3.7. By Vehicle Type

        19.3.8. By Organization Size

    19.4. Key Takeaways

20. Key Countries Market Analysis

    20.1. United States of America

        20.1.1. Pricing Analysis

        20.1.2. Market Share Analysis, 2022

            20.1.2.1. By Offering

            20.1.2.2. By Technology

            20.1.2.3. By Deployment

            20.1.2.4. By Type

            20.1.2.5. By Vehicle Age

            20.1.2.6. By Vehicle Type

            20.1.2.7. By Organization Size

    20.2. Canada

        20.2.1. Pricing Analysis

        20.2.2. Market Share Analysis, 2022

            20.2.2.1. By Offering

            20.2.2.2. By Technology

            20.2.2.3. By Deployment

            20.2.2.4. By Type

            20.2.2.5. By Vehicle Age

            20.2.2.6. By Vehicle Type

            20.2.2.7. By Organization Size

    20.3. Brazil

        20.3.1. Pricing Analysis

        20.3.2. Market Share Analysis, 2022

            20.3.2.1. By Offering

            20.3.2.2. By Technology

            20.3.2.3. By Deployment

            20.3.2.4. By Type

            20.3.2.5. By Vehicle Age

            20.3.2.6. By Vehicle Type

            20.3.2.7. By Organization Size

    20.4. Mexico

        20.4.1. Pricing Analysis

        20.4.2. Market Share Analysis, 2022

            20.4.2.1. By Offering

            20.4.2.2. By Technology

            20.4.2.3. By Deployment

            20.4.2.4. By Type

            20.4.2.5. By Vehicle Age

            20.4.2.6. By Vehicle Type

            20.4.2.7. By Organization Size

    20.5. Germany

        20.5.1. Pricing Analysis

        20.5.2. Market Share Analysis, 2022

            20.5.2.1. By Offering

            20.5.2.2. By Technology

            20.5.2.3. By Deployment

            20.5.2.4. By Type

            20.5.2.5. By Vehicle Age

            20.5.2.6. By Vehicle Type

            20.5.2.7. By Organization Size

    20.6. United Kingdom

        20.6.1. Pricing Analysis

        20.6.2. Market Share Analysis, 2022

            20.6.2.1. By Offering

            20.6.2.2. By Technology

            20.6.2.3. By Deployment

            20.6.2.4. By Type

            20.6.2.5. By Vehicle Age

            20.6.2.6. By Vehicle Type

            20.6.2.7. By Organization Size

    20.7. France

        20.7.1. Pricing Analysis

        20.7.2. Market Share Analysis, 2022

            20.7.2.1. By Offering

            20.7.2.2. By Technology

            20.7.2.3. By Deployment

            20.7.2.4. By Type

            20.7.2.5. By Vehicle Age

            20.7.2.6. By Vehicle Type

            20.7.2.7. By Organization Size

    20.8. Spain

        20.8.1. Pricing Analysis

        20.8.2. Market Share Analysis, 2022

            20.8.2.1. By Offering

            20.8.2.2. By Technology

            20.8.2.3. By Deployment

            20.8.2.4. By Type

            20.8.2.5. By Vehicle Age

            20.8.2.6. By Vehicle Type

            20.8.2.7. By Organization Size

    20.9. Italy

        20.9.1. Pricing Analysis

        20.9.2. Market Share Analysis, 2022

            20.9.2.1. By Offering

            20.9.2.2. By Technology

            20.9.2.3. By Deployment

            20.9.2.4. By Type

            20.9.2.5. By Vehicle Age

            20.9.2.6. By Vehicle Type

            20.9.2.7. By Organization Size

    20.10. India

        20.10.1. Pricing Analysis

        20.10.2. Market Share Analysis, 2022

            20.10.2.1. By Offering

            20.10.2.2. By Technology

            20.10.2.3. By Deployment

            20.10.2.4. By Type

            20.10.2.5. By Vehicle Age

            20.10.2.6. By Vehicle Type

            20.10.2.7. By Organization Size

    20.11. Malaysia

        20.11.1. Pricing Analysis

        20.11.2. Market Share Analysis, 2022

            20.11.2.1. By Offering

            20.11.2.2. By Technology

            20.11.2.3. By Deployment

            20.11.2.4. By Type

            20.11.2.5. By Vehicle Age

            20.11.2.6. By Vehicle Type

            20.11.2.7. By Organization Size

    20.12. Singapore

        20.12.1. Pricing Analysis

        20.12.2. Market Share Analysis, 2022

            20.12.2.1. By Offering

            20.12.2.2. By Technology

            20.12.2.3. By Deployment

            20.12.2.4. By Type

            20.12.2.5. By Vehicle Age

            20.12.2.6. By Vehicle Type

            20.12.2.7. By Organization Size

    20.13. Thailand

        20.13.1. Pricing Analysis

        20.13.2. Market Share Analysis, 2022

            20.13.2.1. By Offering

            20.13.2.2. By Technology

            20.13.2.3. By Deployment

            20.13.2.4. By Type

            20.13.2.5. By Vehicle Age

            20.13.2.6. By Vehicle Type

            20.13.2.7. By Organization Size

    20.14. China

        20.14.1. Pricing Analysis

        20.14.2. Market Share Analysis, 2022

            20.14.2.1. By Offering

            20.14.2.2. By Technology

            20.14.2.3. By Deployment

            20.14.2.4. By Type

            20.14.2.5. By Vehicle Age

            20.14.2.6. By Vehicle Type

            20.14.2.7. By Organization Size

    20.15. Japan

        20.15.1. Pricing Analysis

        20.15.2. Market Share Analysis, 2022

            20.15.2.1. By Offering

            20.15.2.2. By Technology

            20.15.2.3. By Deployment

            20.15.2.4. By Type

            20.15.2.5. By Vehicle Age

            20.15.2.6. By Vehicle Type

            20.15.2.7. By Organization Size

    20.16. South Korea

        20.16.1. Pricing Analysis

        20.16.2. Market Share Analysis, 2022

            20.16.2.1. By Offering

            20.16.2.2. By Technology

            20.16.2.3. By Deployment

            20.16.2.4. By Type

            20.16.2.5. By Vehicle Age

            20.16.2.6. By Vehicle Type

            20.16.2.7. By Organization Size

    20.17. Australia

        20.17.1. Pricing Analysis

        20.17.2. Market Share Analysis, 2022

            20.17.2.1. By Offering

            20.17.2.2. By Technology

            20.17.2.3. By Deployment

            20.17.2.4. By Type

            20.17.2.5. By Vehicle Age

            20.17.2.6. By Vehicle Type

            20.17.2.7. By Organization Size

    20.18. New Zealand

        20.18.1. Pricing Analysis

        20.18.2. Market Share Analysis, 2022

            20.18.2.1. By Offering

            20.18.2.2. By Technology

            20.18.2.3. By Deployment

            20.18.2.4. By Type

            20.18.2.5. By Vehicle Age

            20.18.2.6. By Vehicle Type

            20.18.2.7. By Organization Size

    20.19. GCC Countries

        20.19.1. Pricing Analysis

        20.19.2. Market Share Analysis, 2022

            20.19.2.1. By Offering

            20.19.2.2. By Technology

            20.19.2.3. By Deployment

            20.19.2.4. By Type

            20.19.2.5. By Vehicle Age

            20.19.2.6. By Vehicle Type

            20.19.2.7. By Organization Size

    20.20. South Africa

        20.20.1. Pricing Analysis

        20.20.2. Market Share Analysis, 2022

            20.20.2.1. By Offering

            20.20.2.2. By Technology

            20.20.2.3. By Deployment

            20.20.2.4. By Type

            20.20.2.5. By Vehicle Age

            20.20.2.6. By Vehicle Type

            20.20.2.7. By Organization Size

    20.21. Israel

        20.21.1. Pricing Analysis

        20.21.2. Market Share Analysis, 2022

            20.21.2.1. By Offering

            20.21.2.2. By Technology

            20.21.2.3. By Deployment

            20.21.2.4. By Type

            20.21.2.5. By Vehicle Age

            20.21.2.6. By Vehicle Type

            20.21.2.7. By Organization Size

21. Market Structure Analysis

    21.1. Competition Dashboard

    21.2. Competition Benchmarking

    21.3. Market Share Analysis of Top Players

        21.3.1. By Regional

        21.3.2. By Offering

        21.3.3. By Technology

        21.3.4. By Deployment

        21.3.5. By Type

        21.3.6. By Vehicle Age

        21.3.7. By Vehicle Type

        21.3.8. By Organization Size

22. Competition Analysis

    22.1. Competition Deep Dive

        22.1.1. Agero Inc.

            22.1.1.1. Overview

            22.1.1.2. Product Portfolio

            22.1.1.3. Profitability by Market Segments

            22.1.1.4. Sales Footprint

            22.1.1.5. Strategy Overview

                22.1.1.5.1. Marketing Strategy

        22.1.2. IMS

            22.1.2.1. Overview

            22.1.2.2. Product Portfolio

            22.1.2.3. Profitability by Market Segments

            22.1.2.4. Sales Footprint

            22.1.2.5. Strategy Overview

                22.1.2.5.1. Marketing Strategy

        22.1.3. Masternaut Limited

            22.1.3.1. Overview

            22.1.3.2. Product Portfolio

            22.1.3.3. Profitability by Market Segments

            22.1.3.4. Sales Footprint

            22.1.3.5. Strategy Overview

                22.1.3.5.1. Marketing Strategy

        22.1.4. Meta System S.p.A.

            22.1.4.1. Overview

            22.1.4.2. Product Portfolio

            22.1.4.3. Profitability by Market Segments

            22.1.4.4. Sales Footprint

            22.1.4.5. Strategy Overview

                22.1.4.5.1. Marketing Strategy

        22.1.5. MiX Telematics

            22.1.5.1. Overview

            22.1.5.2. Product Portfolio

            22.1.5.3. Profitability by Market Segments

            22.1.5.4. Sales Footprint

            22.1.5.5. Strategy Overview

                22.1.5.5.1. Marketing Strategy

        22.1.6. Octo Group S.p.A

            22.1.6.1. Overview

            22.1.6.2. Product Portfolio

            22.1.6.3. Profitability by Market Segments

            22.1.6.4. Sales Footprint

            22.1.6.5. Strategy Overview

                22.1.6.5.1. Marketing Strategy

        22.1.7. Sierra Wireless

            22.1.7.1. Overview

            22.1.7.2. Product Portfolio

            22.1.7.3. Profitability by Market Segments

            22.1.7.4. Sales Footprint

            22.1.7.5. Strategy Overview

                22.1.7.5.1. Marketing Strategy

        22.1.8. TomTom International BV

            22.1.8.1. Overview

            22.1.8.2. Product Portfolio

            22.1.8.3. Profitability by Market Segments

            22.1.8.4. Sales Footprint

            22.1.8.5. Strategy Overview

                22.1.8.5.1. Marketing Strategy

        22.1.9. Trimble Inc.

            22.1.9.1. Overview

            22.1.9.2. Product Portfolio

            22.1.9.3. Profitability by Market Segments

            22.1.9.4. Sales Footprint

            22.1.9.5. Strategy Overview

                22.1.9.5.1. Marketing Strategy

        22.1.10. Verizon

            22.1.10.1. Overview

            22.1.10.2. Product Portfolio

            22.1.10.3. Profitability by Market Segments

            22.1.10.4. Sales Footprint

            22.1.10.5. Strategy Overview

                22.1.10.5.1. Marketing Strategy

23. Assumptions & Acronyms Used

24. Research Methodology

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