Brazilian Connected Trucks Telematics will Reach 2.59 Million Units by 2027
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"More than 62% of freight transportation is through the road in Brazil. This highlights the importance of the truck fleet in the country and the urgent need for telematics adoption to reduce the total cost of ownership," said Ingrid Schumann, Mobility Industry Analyst at Frost & Sullivan. "Additionally, although the telematics market in Brazil is still focused on track and trace solutions, other segments, such as driver and vehicle management, are increasing in demand."
Schumann added: "The commercial vehicle segment in Brazil will grow rapidly in the next decade due to the expansion of agribusiness and eCommerce. This will positively impact the telematics market as these new vehicles represent opportunities for telematics service providers (TSPs), original equipment manufacturers, and start-ups to increase their market shares."
To reap the benefits of the growing Brazilian connected trucks telematics sector:
Brazilian Connected Trucks Telematics Growth Opportunities is the latest addition to Frost & Sullivan's Mobility research and analyses available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.
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Brazilian Connected Trucks Telematics Growth Opportunities
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