Contact Us
Phase-Xs | Biologics & Biosimilars | Coherent Market Insights

Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Telematics software is any device which merges telecommunications and informatics. Telematics software allows the communication between an electronic device and other devices, or human users over a network. Telematics addresses dynamic mobility management and is critical in measuring real-time vehicle data such as speed, location, routes, performance, on-road behavior, energy consumption, battery levels, estimated time of arrival and much more.

Telematics software encapsulates a broad range of technologies. For instance, telematics solutions are behind navigation and GPS systems, hands free calling, driving sensors, wireless communications, in-car multimedia use, and other modern vehicular technologies that involve the transfer of data over a network.

In the European automotive market, sales of high-end vehicles such as sports utility vehicles (SUVs), luxury vehicles is increasing, owing to the rising disposable income of people in many European countries. For instance, according to Stratagem Market Insights, in the year 2019, among the top five high disposable income countries, three are European countries, which is boosting the sales of high-end vehicles in the region.

In addition, the presence of large luxury automotive vehicle manufacturers such as Mercedes-Benz, Audi, BMW, Rolls-Royce plc, is boosting the adoption of telematics software in the region. For instance, luxury Germany-based car manufacturer, Mercedes-Benz has delivered the highest number of cars 2,456,343 in the year 2019, furthermore, Germany and Great Britain were in the top five markets of the company.

The players involved in the market are continuously focusing of merger and acquisition strategy and continuously adding new products in its offering.

Merger and Acquisition:

  • In December 2019, Octo Telematics acquired Nebula Systems, a U.K.-based company. This acquisition would help Octo to gain expertise in intelligent vehicle diagnostics technology.
  • In January 2018, Verizon Communications Inc. announced the acquisition of Movildata Internacional, a Murcia, Spain-based provider of commercial fleet management solutions.
  • In August 2016 Verizon Communications Inc. acquired Fleetmatics, a leading global provider of fleet and mobile workforce management solutions.

Product Launch:

  • For instance, in April 2021, Astrata launched VideoLinc, a video surveillance solution, to improve road safety and reduce accident claim costs.
  • In January 2021, Trimble Inc. launched VisionLink software equipped with Association of Equipment Management Professionals (AEMP) 2.0/ ISO-15143-3 telematics standard for fleet management.
  • In December 2020, Octo Telematics launched OCTO IoT4 Insurance using Salesforce Platform which helps customers to analysis driver behavior.
  • In April 2020, Aplicom launched Aplicom Data Service, ADS, a secure cloud-based service that delivers the data from Aplicom A-series telematics devices using RESTful application programming interfac or REST API, in a parsed JavaScript Object Notation or JSON format
request-sample

Europe Telematics Software and Service Market Report Coverage

Report Coverage Details
Base Year: 2020 Market Size in 2020: US$ 6,032.0 Mn
Historical Data for: 2017 to 2020 Forecast Period: 2020 to 2027
Forecast Period 2021 to 2028 CAGR: 18.4% 2028 Value Projection: US$ 20,483.0 Mn
Geographies covered:
  • Europe: UK, France, Germany, Spain, Italy, Nordic Countries, Central & Eastern Europe, CIS, Rest of Europe
Segments covered:
  • By Component: (Software/Platform, Services). The Services segment is again divided into Consulting, Implementation, Support & Maintenance)
  • By Deployment: (On-Premise, SaaS)
  • By Solutions: (Vehicle Tracking/Recovery (Fleet Management), Intrusion Detection, Analytics & Reporting, Others)
  • By Application: (Secured onboard communication, Behavioral Management, Emergency Calling /Alerts, Fuel Management, Route Planning, Vehicle maintenance and monitoring)
Companies covered:

MiX Telematics, Octo Telematics, Trimble INC, Verizon, Aplicom, Astrata and Key Telematics

Growth Drivers:
  • Shifting Preference for High-end Vehicles
  • Increasing Focus of Automakers on Driver Safety
Restraints & Challenges:
  • High Initial Cost

Europe Telematics Software and Service Market - Impact of Coronavirus (Covid-19) Pandemic

COVID-19 pandemic adversely effected various businesses across the globe including consumer electronics, manufacturing, transportation, and others. Companies providing telematics software, fleet management software have experienced a decrease in revenue, due to a decrease in demand for software from the European automotive industry. In 2020, automotive companies have experienced a decrease in automotive sales and production primarily due to the impact of COVID-19. The automotive industry has seen disruptions across vehicle production resulting in a temporary shutdown of several major automobile production facilities. The disruptions across vehicle production are attributed to the lockdown imposed, international borders sealed, and short-term imbalance in demand. For instance, according to ACEA (European Automobile Manufacturers Association), the automotive sector has witnessed an EU-wide production loss of around 3.6 million vehicles, worth around US$ 112 billion, in the first half of the year 2020. The pandemic also impacted the spending pattern of people in Europe. Consumers have reduced their spending on the buying of automotive cars and the market is expected to regain its position by the year 2022.

Germany held dominant position in the Europe Telematics Software and Service market in 2020

Statistics:

Germany held dominant position in the Europe Telematics Software and Service market in 2020, accounting for 21.7% share in terms of value, followed by UK and Central & Eastern Europe.

Figure 1: Europe Telematics Software and Service Market Share (%), By Country, 2020

Europe Telematics Software and Service  | Coherent Market Insights

UK and Central & Eastern Europe expected to contribute notable share in Europe Telematics Software and Service market and is anticipated to follow same trend over forecast period. Germany is expected to account for the largest market share during the forecast period.

Secured Onboard Communication segment is expected to drive the market growth during the forecast period

In 2020, the secured onboard communication segment generated revenue of US$ 1,506.8 Mn and is expected to reach US$ 4,997.9 Mn by 2028, with a CAGR of 18.1% over the forecast period 2021 – 2028

Telematics software is used in vehicles to provide secure communication between human users and electronic devices over the network. The telematics system consists of telematics devices installed in vehicles in order to send, receive, and store telemetry data. Vehicle and driver behavior data helps businesses or fleet managers to get a daily record of both fixed and movable assets in the organizations. This data is used for analysis and can predict the overall business performance through customized dashboards and analytics. The driver behavior monitoring systems help to monitor and track fuel waste and related costs, idle time including power take-off, and driving habits for entire vehicles. GPS tracking software can provide a full report on fleet performance data and increases fleet lifespan and productivity level and cost-saving.

Figure 2: Europe Telematics Software and Service Market Value (US$ Mn) Analysis and Forecast, 2017 - 2028

Europe Telematics Software and Service  | Coherent Market Insights

The Europe Telematics Software and Service market was valued at US$ 6,032.0 Mn in 2020 and is expected to reach US$ 20,483.0 Mn by 2028 at a CAGR of 18.4% between 2021 and 2028.

Major players operating in the Europe Telematics Software and Service market include MiX Telematics, Octo Telematics, Trimble INC, Verizon, Aplicom, Astrata and Key Telematics.

Telematics software is any device which merges telecommunications and informatics. Telematics software allows the communication between an electronic device and other devices, or human users over a network. Telematics addresses dynamic mobility management and is critical in measuring real-time vehicle data such as speed, location, routes, performance, on-road behavior, energy consumption, battery levels, estimated time of arrival and much more. Telematics software encapsulates a broad range of technologies. For instance, telematics solutions are behind navigation and GPS systems, hands free calling, driving sensors, wireless communications, in-car multimedia use, and other modern vehicular technologies that involve the transfer of data over a network.

Due to the excellent degree of real-time management and vehicle connectivity, telematics solutions are perfect for fleet management applications. Vehicles fitted with telematics software can be tracked for key information such as speed, erratic driving, fuel usage and efficiency. Telematics represents a major advancement in vehicle monitoring and reporting. With the emergence of connected services and the increased demand among fleet owners, telematics software has become a key differentiator for the automotive manufacturers.

Europe telematics software and services market was valued ~US$ 6 Billion in 2020 and is expected to exhibit a CAGR of ~18% over the forecast period to reach US$ 20 Billion in 2028. Europe telematics software and services market is segmented on the basis of component, deployment, solutions, application, and country. Telematics software offers several advantages such as vehicle tracking, fleet management, reduction in repair and maintenance cost of vehicle, increased safety of driver, and reduction in fuel cost. Furthermore, the growth of telematics software and services market is majorly attributed by growing focus on increasing fleet’s efficiency and shifting preference for purchasing of high-end vehicles. The rising demand for smart connectivity coupled with increased penetration of Internet of Things (IoT) is driving the growth of telematics software and services market in Europe.

Market Dynamics

Shifting Preference for High-end Vehicles

In the European automotive market, sales of high-end vehicles such as sports utility vehicles (SUVs), luxury vehicles is increasing, owing to the rising disposable income of people in many European countries. For instance, according to Stratagem Market Insights, in the year 2019, among the top five high disposable income countries, three are European countries, which is boosting the sales of high-end vehicles in the region.

In addition, the presence of large luxury automotive vehicle manufacturers such as Mercedes-Benz, Audi, BMW, Rolls-Royce plc, is boosting the adoption of telematics software in the region. For instance, luxury Germany-based car manufacturer, Mercedes-Benz has delivered the highest number of cars 2,456,343 in the year 2019, furthermore, Germany and Great Britain were in the top five markets of the company.

List of Merger / Acquisitions in the Market

  • In December 2019, Octo Telematics acquired Nebula Systems, a U.K.-based company. This acquisition would help Octo to gain expertise in intelligent vehicle diagnostics technology.
  • In January 2018, Verizon Communications Inc. announced the acquisition of Movildata Internacional, a Murcia, Spain-based provider of commercial fleet management solutions.
  • In August 2016 Verizon Communications Inc. acquired Fleetmatics, a leading global provider of fleet and mobile workforce management solutions.

Key features of the study:

  • This report provides in-depth analysis of Europe Telematics Software and Service market size (US$ Million). The compound annual growth rate (CAGR %) for the forecast period (2021 – 2028), considering 2020 as the base year.
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by the leading  market players
  • It profiles leading players in the Europe Telematics Software and Service market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, market capital, key developments, strategies, and future plans
  • Companies covered as a part of this study include MiX Telematics, Octo Telematics, Trimble INC, Verizon, Aplicom, Astrata and Key Telematics
  • Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, product upgrades, market expansion, and marketing tactics
  • Europe Telematics Software and Service market report caters to various stakeholders in this industry including investors, suppliers, managed service providers, third-party service providers, distributors, new entrants, and value-added resellers
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the Europe Telematics Software and Service market

Detailed Segmentation

  • Europe Telematics Software and Service Market, By Component:
    • Software/Platform
    • Services
      • Consulting
      • Implementation
      • Support & Maintenance
  • Europe Telematics Software and Service Market, By Deployment:
    • On-premise
    • SaaS
  • Europe Telematics Software and Service Market, By Solutions:
    • Vehicle Tracking/Recovery (Fleet Management)
    • Intrusion Detection
    • Analytics & Reporting
    • Others
  • Europe Telematics Software and Service Market, By Application:
    • Secured onboard communication
    • Behavioral Management
    • Emergency Calling / Alerts
    • Fuel Management
    • Route Planning
    • Vehicle maintenance and monitoring
  • Europe Telematics Software and Service Market, By Country:
    • U.K.
    • France
    • Germany
    • Spain
    • Italy
    • Nordic countries
    • Central & Eastern Europe
    • CIS
    • Rest of Europe
  • Company Profiles
    • MiX Telematics
      • Company Overview*
      • Product Portfolio and Specifications*
      • Financial Performance*
      • Recent Developments/Updates*
      • Strategic Overview*
    • Octo Telematics
    • Trimble INC
    • Verizon Communications Inc.
    • Masternaut Limited (Michelin)
    • Webfleet Solutions B.V. (Bridgestone Corporation)
    • Teletrac Navman
    • Geotab Inc.
    • Lytx, Inc.
    • Aplicom
    • Astrata
    • Key Telematics

 “*” marked represents similar qualitative data in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Top Market Findings
      • Market Snippet, By Component
      • Market Snippet, By Deployment
      • Market Snippet, By Solutions
      • Market Snippet, By Application
      • Market Snippet, By Country
    • Opportunity Map Analysis
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Mergers and Acquisitions
    • Key Trends
    • New Product Approvals/Launch
    • Covid-19 Impact Analysis
    • Telematics Unit Penetration in Europe in period 2017 to 2028
      • LGV
      • HGV
    • Market Attractiveness/ Growth Potential by Segment
      • By Component
      • By Deployment
      • By Solution
      • By Application
      • By Country
  4. Market Viewpoint
    • Fleet Telematics Market
      • Market Size and Forecast, 2021-2028, (US$ Million)
    • Automotive OEM Telematics Market
      • Market Size and Forecast, 2021-2028, (US$ Million)
    • Video Telematics Market
      • Market Size and Forecast, 2021-2028, (US$ Million)
    • Remote Diagnostics & Telematics Market
      • Market Size and Forecast, 2021-2028, (US$ Million)
  5. Europe Telematics Software and Services and Services Market, By Component, 2017-2028 (US$ Million)
    • Introduction
    • Market Share Analysis, 2017 and 2028(%)
    • Segment Trends
      • Software/Platform
        • Introduction
        • Market Size and Forecast,  2021-2028, (US$ Million)
      • Services
        • Introduction
        • Market Size and Forecast,  2021-2028, (US$ Million)
          • Consulting
          • Implementation
          • Support and Maintenance
  6. Europe Telematics Software and Services and Services Market, By Deployment, 2017-2028 (US$ Million)
    • Introduction
    • Market Share Analysis, 2017 and 2028(%)
    • Segment Trends
      • On-premise
        • Introduction
        • Market Size and Forecast, 2021-2028, (US$ Million)
      • SaaS
        • Introduction
        • Market Size and Forecast, 2021-2028, (US$ Million)
  7. Europe Telematics Software and Services and Services Market, By Solutions, 2017-2028 (US$ Million & Million Units)
    • Introduction
    • Market Share Analysis, 2017 and 2028(%)
    • Segment Trends
      • Vehicle Tracking/Recovery (Fleet Management)
        • Introduction
        • Market Size and Forecast, 2021-2028, (US$ Million)
      • Intrusion Detection
        • Introduction
        • Market Size and Forecast, 2021-2028, (US$ Million)
      • Analytics & Reporting
        • Introduction
        • Market Size and Forecast, 2021-2028, (US$ Million)
      • Others
        • Introduction
        • Market Size and Forecast, 2021-2028, (US$ Million)
  8. Europe Telematics Software and Services and Services Market, By Application, 2017-2028 (US$ Million)
    • Introduction
    • Market Share Analysis, 2017 and 2028(%)
    • Segment Trends
      • Secured Onboard Communication
        • Introduction
        • Market Size and Forecast, 2021-2028, (US$ Million)
      • Behavioral Management
        • Introduction
        • Market Size and Forecast, 2021-2028, (US$ Million)
      • Emergency Calling / Alerts
        • Introduction
        • Market Size and Forecast, 2021-2028, (US$ Million)
      • Fuel Management
        • Introduction
        • Market Size and Forecast, 2021-2028, (US$ Million)
      • Route Planning
        • Introduction
        • Market Size and Forecast, 2021-2028, (US$ Million)
      • Vehicle Maintenance and Monitoring
        • Introduction
        • Market Size and Forecast, 2021-2028, (US$ Million)
  9. Europe Telematics Software and Services and Services Market, By Country, 2017-2028 (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2028(%)
    • Europe
      • Introduction
      • Market Size and Forecast, By Component, 2017-2028 (US$ Million)
      • Market Size and Forecast, By Deployment, 2017-2028 (US$ Million)
      • Market Size and Forecast, By Solutions, 2017-2028 (US$ Million)
      • Market Size and Forecast, By Application, 2017-2028 (US$ Million)
      • Market Share Analysis, By Country 2021 and 2028(%)
      • Country Trend
        • U.K.
          • Introduction
          • Market Size and Forecast,  2021-2028, (US$ Million)
        • France
          • Introduction
          • Market Size and Forecast,  2021-2028, (US$ Million)
        • Germany
          • Introduction
          • Market Size and Forecast,  2021-2028, (US$ Million)
        • Spain
          • Introduction
          • Market Size and Forecast,  2021-2028, (US$ Million)
        • Italy
          • Introduction
          • Market Size and Forecast,  2021-2028, (US$ Million)
        • Nordic countries
          • Introduction
          • Market Size and Forecast,  2021-2028, (US$ Million)
        • Central & Eastern Europe
          • Introduction
          • Market Size and Forecast,  2021-2028, (US$ Million)
        • CIS
          • Introduction
          • Market Size and Forecast,  2021-2028, (US$ Million)
        • Rest of Europe
          • Introduction
          • Market Size and Forecast,  2021-2028, (US$ Million)
  10. Competitive Landscape
    • Company Profiles
    • MiX Telematics
      • Company Overview
      • Product Portfolio and Specifications
      • Financial Performance
      • Recent Developments/Updates
      • Strategic Overview
    • Octo Telematics
    • Trimble INC
    • Verizon Communications Inc.
    • Masternaut Limited (Michelin)
    • Webfleet Solutions B.V. (Bridgestone Corporation)
    • Teletrac Navman
    • Geotab Inc.
    • Lytx, Inc.
    • Aplicom
    • Astrata
    • Key Telematics
  11. Section
    • References
    • Research Methodology
  12. About us and Sales Contact

*Browse 60 market data tables and 40 figures on "Europe Telematics Software and Services Market - Global forecast to 2028”.

FAQgrowicon

Frequently Asked Questions

The Europe Telematics Software and Service market is expected to reach US$ 20,483.0 million by 2028.
The market is expected to witness a CAGR of 18.1% during the forecast period (2021-2028).
In the market, sales of high-end vehicles such as sports utility vehicles (SUVs), luxury vehicles is increasing, owing to the rising disposable income of people in many European countries. For instance, according to Stratagem Market Insights, in the year 2019, among the top five high disposable income countries, three are European countries, which is boosting the sales of high-end vehicles in the region.
The Vehicle Tracking/Recovery (Fleet Management) segment held the largest market share among solutions, contributing 32.7% in terms of value in 2020.
Germany region held the largest share in the market in 2020, accounting for 21.7% share in terms of value.
Key players operating in the market include MiX Telematics, Octo Telematics, Trimble INC, Verizon, Aplicom, Astrata and Key Telematics.
Existing Clientele

Joining thousands of companies around the world committed to making the Excellent Business Solutions.

View All Our Clients

Our Trusted Patner

Subscribe Newsletter

Kindly Subscribe for our latest news & articles.