Global Electronic Logging Devices Market Analysis Report 2022-2027: Opportunities for Adoption of Artificial Intelligence in Fleet Management Systems – ResearchAndMarkets.com

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DUBLIN–(BUSINESS WIRE)–The report “Global Electronic Logging Devices Market (2022-2027) by Component, Type, Vehicle Type, Geography, Competitive Analysis and Covid-19 Impact with Ansoff Analysis” has been added to from ResearchAndMarkets.com offer.

The Global Electronic Logging Devices Market is estimated to be worth USD 12.37 Billion in 2022 and is projected to reach USD 15.2 Billion by 2027, growing at a CAGR of 4.21%.

The forces of market dynamics can be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand and supply. As market dynamics impact supply and demand curves, policymakers aim to determine how best to use various financial tools to stem various strategies aimed at accelerating growth and reducing risk.

The report provides a detailed analysis of competitors in the market. It covers the analysis of financial performance of listed companies in the market. The report also offers detailed information about recent development and competitive scenario of the companies.

Some of the companies covered in this report are insured Techmatics, Inc., AT&T Inc., BridgeHaul Logistics Solutions, LLC, Influx Technology, Masternaut Ltd., TomTom Telematics, Trimble Inc., Samsara Inc., Verizon Communications Inc., etc.

The report includes Competitive Quadrant, a proprietary tool to analyze and assess the position of companies based on their industry position score and market performance score.

The tool uses various factors to classify players into four categories. Some of these factors considered for analysis are financial performance over the past 3 years, growth strategies, innovation score, new product launches, investments, market share growth, etc

Market segmentation

  • By component, the market is classified into hardware and services.

  • By type, the market is categorized into embedded and embedded.

  • By vehicle type, the market is categorized into light-duty vehicles and heavy-duty vehicles.

  • By geography, the market is categorized into Americas, Europe, Middle East & Africa, and Asia-Pacific.

Market dynamics

Drivers

  • Increase in demand due to the need for operational efficiency of the fleet organization

  • Increased digitization in transport and logistics

  • Increase the service offerings of transport companies for supply chain management

Constraints

  • High cost of ELD device and resistance from conductors due to hours of service rule

Opportunities

  • Government initiatives encouraging the installation of ELDs

  • Adoption of artificial intelligence in the fleet management system

Challenges

  • Data management and security are complex processes for suppliers

  • Lack of awareness among drivers and fleet owners in emerging countries

Company Profiles

  • assured Techmatics, Inc.

  • AT&T Inc.

  • AzugaT Inc.

  • BigRoad Inc.

  • Blue Ink Technology, Inc.

  • BridgeHaul Logistics Solutions, LLC

  • Coretex, Inc.

  • Donlen Corp.

  • EROAD inc.

  • Influx Technology

  • Garmin Ltd.

  • Geotab Inc.

  • Fleet Management Gorilla Safety

  • Global Tracking Communications, LLC

  • LeasePlan Corp.

  • Masternaut Ltd.

  • Motive Technologies, Inc.

  • Omnitracs LLC

  • Rand McNally

  • Teletrac Navman Ltd.

  • TomTom Telematics

  • Trimble Inc.

  • Samsara Inc.

  • Verizon Communications Inc.

  • Wheels, Inc.

  • WorkWave LLC

For more information about this report visit https://www.researchandmarkets.com/r/e99dj1

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