Commercial Telematics Systems Subscriptions
Source Research:
Road Freight Transportation Technology Trends
The chart above depicts the projections on commercial telematics systems subscriptions by region. Emerging economies in the Latin American and Eastern European regions are set for high growth in commercial telematics systems adoption with a Compound Annual Growth Rate (CAGR) of 12.5% each from 2020 to 2027. However, Asia-Pacific, which is a massive greenfield market for basic track and trace solutions, is set to experience the biggest growth at a CAGR of 16%. Meanwhile, developed markets like Western Europe and North America are saturated when it comes to basic track and trace solutions and have CAGRs lower than 10%. The demand in brownfield markets like North America and Europe are experiencing more demand in advanced video telematics solutions
