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GPS Tracking Device Market worth $3.7 billion by 2025

GPS tracking device market was valued at USD 1.25 billion in 2016 and is expected to grow at a CAGR of 12.91% between 2017 and 2023<br>https://www.marketsandmarkets.com/Market-Reports/global-GPS-market-and-its-applications-142.html

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GPS Tracking Device Market worth $3.7 billion by 2025

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  1. MarketsandMarkets Presents GPS Tracking Device Market by Type (Standalone Tracker, OBD Device & Advance Tracker), Deployment Type (Commercial Vehicle, Cargo & Container), Industry (Transportation & Logistics, Metals & Mining, and Construction) and Geography - Global Forecast to 2023 The GPS tracking device market is expected to reach USD 3.7 billion by 2025, at a CAGR of 11.4% between 2017 and 2025

  2. MarketsandMarkets Presents “Advance GPS tracker to have the largest share in the overall GPS tracking device market during the forecast period“ The advance GPS trackers are being used by various fleet management services providers to offer superior services beyond vehicle tracking and tracing. Fleet owners are interested in increasing operation efficiency to achieve higher ROI. However, the availability of advanced data analytics tools further favors their demand. The growth of these devices is driven by the growth of commercial fleet management and declining prices of GPS trackers.

  3. MarketsandMarkets Presents  “Commercial vehicle deployment type is projected to have the largest market share in 2025” Advance trackers are more popular in commercial vehicle owners as they offered advanced vehicle diagnostics data that can be further monetized to increase the fleet operational performance and usage-based insurance calculation, and maintenance scheduling. The vehicle tracking is shifting from basic automatic vehicle location to data-driven solution. Therefore, organizations are looking to get beyond location and more interested in engine performance parameters.

  4. MarketsandMarkets Presents  “APAC is projected to dominate the GPS tracking device market between 2017 and 2025” APAC is one of the emerging markets for the GPS tracking devices. The usage of GPS tracking devices in this region is less as compared to other regions. Thus, APAC is an untapped market with a huge growth potential of the GPS tracking device. Growing demand of commercial vehicles in the region is the key driver for the growth of the GPS tracking device market in APAC region. Moreover, supportive government programs, and new product launches and developments by key players are also driving the growth of the APAC market.

  5. MarketsandMarkets Presents Some of the key players offering GPS Tracking devices include Calamp (US), Orbocomm (US), Sierra Wireless (Canada), Quelink Wireless Solution (China), Concox Wireless Solution (China), TomTom International (Netherlands), Laird (UK), Xirgo Technologies (US), and Maestro Wireless Solutions (Hong Kong) among others.

  6. MarketsandMarkets Presents About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

  7. MarketsandMarkets Presents MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact:Mr. Shelly SinghMarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 

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