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DUBLIN, Dec. 10, 2020 /PRNewswire/ -- The "Innovative Cloud-based SaaS Business Models Driving the GCC Connected Trucks Telematics Market, 2022" report has been added to ResearchAndMarkets.com's offering. The connected trucks telematics market in the Gulf Cooperation Council (GCC) region is poised for slow growth due to perilous economic conditions. The market - in an economy hit by the double impact of the ongoing Coronavirus 2019 (COVID-19) pandemic and the slump in oil prices - is dominated by local aftermarket participants, while OEM suppliers are trying to catch up. Telematics technology by itself is expected to grow only gradually as the awareness about vehicle tracking and monitoring of various user-based parameters increases among the user community. Technological advancements such as real-time tracking, video safety, and advanced driver assistance systems (ADAS) are changing the current driving experience. The penetration of such features in mid-and high-range vehicles is expected to expand the market for vehicle telematics. Additionally, fluctuations in oil prices are a concern for stakeholders, especially with the growth in the number of vehicles that necessitate the adoption of telematics and fleet management solutions. Key telematics service providers (TSPs) covered in this study include Gurtam, Teltonika, Mix Telematics, and Location Solutions. Notable OEMs covered include MAN, Volvo, Daimler, and Scania. These vendors have employed various strategies to expand their product and application offerings and augment their market share. Many global companies/TSPs are attempting to enter the GCC market; however, they face major challenges. TSPs need to forge deep relationships by establishing a local presence through mergers or acquisitions, partnerships, or joint ventures with local players. Being a price-sensitive market, companies should build efficient and cost-effective solutions to address end-user requirements. The market also holds sizable opportunities for new entrants. Research Highlights This research primarily focuses on issues and challenges faced by telematics vendors and OEMs in the GCC market, highlights key market trends, profiles TSPs and OEMs operating in the market, analyses market share and pricing strategies based on hardware/solutions, and identifies available growth opportunities. Key statistics for this research are obtained from major TSPs and OEM suppliers through primary and secondary interviews. The objective of this study is to highlight developments in the telematics industry in the GCC. The market is fragmented due to the presence of many large and small vendors. This report discusses key vendors but does not detail the market share of all participants. Total telematics penetration in the GCC is expected to reach more than 1 million units by the end of 2022, registering a growth rate of over 7%. Key trends driving this adoption will be driver & vehicle safety, video safety systems, and big data analytics. Participating in the GCC connected truck telematics market will be a promising venture for new and existing TSPs. Growth in this region will be positive due to its vast geographic spread, impending regulations, and key projects in the oil & gas, transport & logistics, construction & mining, and energy & utility sectors. Key Topics Covered: 1. Strategic Imperatives Why is it Increasingly Difficult to Grow? The Strategic Imperative Impact of the Top Three Strategic Imperatives on the GCC Telematics Industry Growth Opportunities Fuel the Growth Pipeline Engine 2. Executive Summary Key Findings Roadmap of Connected Trucks Telematics Market Market Engineering Measurements PESTLE Analysis Connected Truck Telematics Market Outlook Current and Future Outlook 3. Research Scope Scope Key Questions this Study will Answer 4. Segmentation and Overview Vehicle Segmentation Fleet Size and Distance-driven Segmentation Solution Types Key Telematics Services - Overview 5. Market Outlook Market Engineering Measurements Key Economic Indicators - GCC, 2019-2022 Top Market Issues and Challenges - GCC Key Future Market Trends - GCC Connected Truck Market - Installed Base Forecast Key TSPs Operating in GCC Key OEMs Operating in GCC Ecosystem Partners and Local Partnerships 6. Country-wise Analysis Country Analysis - Saudi Arabia Country Analysis - UAE Country Analysis - Kuwait Country Analysis - Oman Country Analysis - Qatar 7. Pricing and Competitive Scenario Telematics Product Type Range Telematics Product Package Range Competitive Force Analysis Competitive Force Analysis - OEMs Vs. TSPs 8. Market Share Analysis GCC Telematics - Installed Base by Contributions Installed Base - Forecast Market Share Analysis 9. Market Opportunity Analysis Opportunity by Hardware Type Opportunity by Package Type Opportunities by Services - Top 3 Short-term Key Services Opportunity by Vehicle Type Opportunity by Fleet Type Opportunity by Industry Type Opportunity by Solution Type Key Opportunity Regions 10. Growth Opportunities and Companies to Action Growth Opportunity - Compliance with Regulations and a Strategy to Build New Business Models will Maximise Business Output Strategic Imperatives for Success and Growth 11. Conclusions Key Conclusions and Future Outlook The Last Word - 3 Big Predictions 12. Next Steps Companies Mentioned Daimler Gurtam Location Solutions MAN Mix Telematics Scania Teltonika Volvo For more information about this report visit https://www.researchandmarkets.com/r/5mq22x Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. Media Contact: Research and Markets Laura Wood, Senior Manager [emailprotected] For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716 SOURCE Research and Markets Related Links http://www.researchandmarkets.com

Answer: GCC Connected Trucks Telematics Market Report 2020: Issues and Challenges Faced by Telematics Vendors and OEMs in the market - Forecast to 2022