Middle East And Africa Automotive Telematics Market 2023-2030
MARKET OUTLOOK
Triton Market Research’s report mentions that the automotive telematics market in the Middle East and Africa is estimated to advance in revenue at a compound annual growth rate of 14.00% during the forecast years 2023-2030. South Africa, the UAE, Turkey, Saudi Arabia, and Rest of Middle East & Africa are evaluated in the region.
The United Arab Emirates is a leading hub for international trade and business in the region. It also has a well-developed telecom network, being the first in the region to launch a 5G network. This strong network has emphasized more on technology development and deployment, which has paved the path for automotive telematics in automobiles. Moreover, the presence of leading companies has made it possible to ensure the research and development of telematics solutions for safe and efficient vehicle movement. Such developments play a major role in driving the overall market.
On the other hand, the ecommerce sector’s boom has led to a rise in express delivery in Saudi Arabia. Logistics companies play a key role in the ecommerce industry, with many providing end-to-end shipping and order management services. These services include on-demand delivery, return management, and slot-based delivery. In this regard, automotive telematics helps logistics companies manage operations by tracking vehicle movement and providing key insights. These factors propel the automotive telematics market on a growth path.
COMPETITIVE OUTLOOK
The renowned companies in the automotive telematics market are Verizon Communications Inc, Inseego Corp, Continental AG, Robert Bosch GmbH, and TomTom NV.
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