Market Research Future (MRFR) anticipates that the market for GPS tracking device 2020 can procure a striking valuation of USD 2.53 Billion by 2023-end. MRFR also expects the market to advance at a rate of 11.9% between 2017 and 2023, which is the appraisal period. We will provide covid-19 impact analysis with the report. The report offers an in-depth review of the market following the coronavirus disease outbreak.
GPS tracking devices are smaller, and they are expected to become even smaller shortly. Some advanced GPS device can also give crucial information related to vehicles engine, temperature and other. Additionally, these devices monitor a vehicle from a remote location, provide real-time information to various sectors, and help them with their business operation. Also, integrating GPS with different techniques will drive the adoption of GPS tracking devices, boosting the GPS Tracking Device market growth. The vehicle business is the biggest purchaser of GPS trackers, and they will continue to propel the GPS Tracking Device industry.
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Which segment will provide the most chance for GPS Tracking Device Market growth Analysis till 2027?
The global Industry segmented into GPS Tracking Device Market Size, type, component, voltage, application and region. By type the segment is further classified into skid mounted and mobile GPS Tracking Device. By component, the segment is further classified into switchgear, bus bar, HVAC systems, transformer, frequency drives, monitoring and control systems and others. By voltage, the segment, is further classified into low voltage and medium voltage GPS Tracking Device. GPS Tracking Device are used in various industries such as oil and gas, mining, transportation, and power utilities.
Which Top Market Participants are Consider for the highest GPS Tracking Device market share?
Verizon Wireless (U.S), Concox Information Technology Co., Ltd. (China), Calamp Corp. (US), Orbocomm Inc. (US), Sierra Wireless Inc. (Canada), Atrack Technology Inc. (Taiwan), Tomtom International Bv ( Neitherland), Spy tech, Inc. (U.S), Queclink Wireless Solutions Co. Ltd. (China), Laipac Technology, Inc. (Canada), are the renowned companies operating in the GPS tracking devices industry.
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Regional analysis
Based on region, the GPS Tracking Device market is segmented into North America, Asia Pacific, Europe, and the rest of the world. The European region dominates the GPS Tracking Device market by holding the largest share due to the growing needs of GPS tracking devices. However, the Asia Pacific region is growing by registering a high CAGR rate due to many manufacturing facilities and increasing the sale of commercial vehicles for logistic and transportation purposes. North America is also generating maximum GPS tracking devices and contributing highly to increasing GPS Tracking Device market size.
GPS Tracking Device Market By Geography
Asia pacific
Europe
North America
The Middle East and Africa
Latin America
Market Segmentation
GPS Tracking Device Market Covid 19 Analysis
Due to a rise in phishing activities, COVID-19 has substantially increased the adoption of cloud infrastructure and services. In addition, COVID-19 has significantly increased the security budget, which has resulted in a large increase in cloud infrastructure and services. According to the findings of a study conducted by Microsoft and published in August 2020, 36% of the total 800 respondents said that the budget for cybersecurity had risen as a consequence of the pandemic outbreak. Additionally, 42 percent of those who answered the survey said that the company altered its personnel by adding more security experts.
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Table of contents:
1 EXECUTIVE SUMMARY
1.1 GLOBAL GPS Tracking Device MARKET, BY COMPONENT
1.2 GLOBAL GPS Tracking Device MARKET, BY ORGANIZATION SIZE
1.3 GLOBAL GPS Tracking Device MARKET, BY DEPLOYMENT
1.4 GLOBAL GPS Tracking Device MARKET, BY END-USERS
1.5 GLOBAL GPS Tracking Device MARKET, BY REGION
2 MARKET INTRODUCTIONS
2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 RESEARCH OBJECTIVE
2.4 MARKET STRUCTURE
3 RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS
3.2 PRIMARY RESEARCH
3.3 SECONDARY RESEARCH
3.4 MARKET SIZE ESTIMATION
3.5 FORECAST MODEL
3.6 LIST OF ASSUMPTIONS
4 MARKET DYNAMICS
Continued…
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