Global Connected Truck Telematics Industry Report 2020: Post-Pandemic Growth Opportunity Analysis of 20 Growth Areas in Telematics

Dublin, Dec. 21, 2020 (GLOBE NEWSWIRE) -- The "Post-Pandemic Growth Opportunity Analysis of the Connected Truck Telematics Industry" report has been added to ResearchAndMarkets.com's offering.

Commercial vehicle manufacturers have been affected by steep reductions in sales in 2020. Medium-duty truck sales have fallen by 19.2%, and heavy-duty trucks have dipped by 31.1% from 2019 levels.

This research service presents valuable market insights and strategies for TSPs, OEMs, and upcoming technology start-ups. This analysis is based on the current world scenario, the impact of the global pandemic, key market trends, and customer requirements to enable clients to overcome the present challenges and achieve sustained growth into the future.

Nationwide lockdowns and temporary stoppages in commercial transport operations have left fleets floundering, both financially and operationally. Burdened by liquidity constraints, enterprise fleets are expected to go slow on large-scale telematics implementation plans. The global connected trucks telematics market is undergoing a tectonic change in technological and business aspects.

This research presents strategies to address the current economic and market challenges and find hidden potential or market opportunities that can be converted to growth prospects. Telematics vendors will have to look for opportunities in this pandemic-affected scenario and leverage it to their advantage. TSPs will have to assess how the current market situation has impacted their business and realign their strategies by implementing immediate best practices to ensure that they can grow. Finding and leveraging potential growth opportunities will be crucial both for TSPs and fleet companies.

Although the total installed base is expected to reduce dramatically due to the pandemic, TSPs can increase their revenue from these growth services and offset their installed base revenue loss to a minimum. Most telematics solutions are poised to evolve during this pandemic to address global issues such as social distancing and health, wellness, and wellbeing.

Telematics vendors should provide extended telematics trials and expand their product portfolio with feature on-demand (FoD), HWW services, biometrics, associated services, contactless delivery, and on-demand service models.

Key Topics Covered:

1. Strategic Imperatives

• Why Is It Increasingly Difficult to Grow?

• The Strategic Imperative

• The Impact of the Top Three Strategic Imperatives on the Connected Truck Telematics Industry

• Growth Opportunities Fuel the Growth Pipeline Engine

2. Executive Summary

• Growth Environment - Top Trends Driving the Global Connected Truck Telematics Market

• COVID-19 Pandemic to Realign Customer Perception Towards Telematics

• Impact of COVID-19 Pandemic on Telematics Solutions - Potential Growth Areas

• Other Key Services During the COVID-19 Pandemic

• Mortality Matrix - Fleet Telematics Services Impact Recovery Matrix

• Scope of the Research

• Growth Drivers and Restraints

3. Growth Environment

• COVID-19 Impact on World GDP Growth

• Global Trucks Sales Market Forecast - By Vehicle Type

• Telematics to Help Fleets Recover Faster During the Pandemic

• Fleets to Invest in Telematics

• Telematics Installed Base Growth Forecast - Possible Growth Scenarios

• Truck Telematics to Grow Despite Pandemic

• Key OEM Risk Mitigation Strategies by Region

• Impact of COVID-19 Pandemic on Start-up Companies

4. Telematics Services to Evolve Over COVID-19 Pandemic

• Potential Growth Areas in the Connected Truck Telematics Market

• HWW Services - Vehicle to Driver-Centric Services

• Contactless Services - Social Distancing Services

• Service on Demand (SOD) and Mobile Services to Grow

• Point of Interest (POI) Services - Convenience to Necessity

• Telematics Services to Grow During the Pandemic

• 20 Growth Areas for Telematics Services During COVID-19 Pandemic

5. The Road Ahead - New and Innovative Business Models

• COVID-19 Pandemic to Realign Customer Perception Towards Telematics

• Rise of Attractive Business Models and Payment Options

• A-la-carte or On-Demand Sample Pricing Range

• Popular On-Demand Solutions and Pay Per Use Model

• Potential FOD Service Roadmap

• Feature on Demand (FOD) Services by Feature Buckets

• Case Study 1 - Open Telematics Platform is the Way Forward

• Case Study 2 - A User Friendly Interface is the Next Step

6. Best Practices

• Hardware Best Practices - Industry Moving Towards Platformization Strategy

• Service Best Practices - Future Business Model 'A La Carte' Customized Pricing Model

7. Growth Opportunity Universe

• Growth Opportunities

• Growth Opportunity - New Telematics Solutions for Pandemic-Affected Commercial Vehicle Industry, 2020

For more information about this report visit https://www.researchandmarkets.com/r/cu93r2

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