Cloud Based Saas Business Models Driving News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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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 ....

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