Frost Radar™: Innovative Cloud-based SaaS Business Models are Driving GCC Connected Truck Telematics Market Growth
Published on: 19-Nov-2020 | SKU: AU02061-SA-MR_24837

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The connected truck telematics market in the Gulf Cooperation Council (GCC) region is poised for slow growth due to the current perilous economic conditions. As awareness of telematics increases among the user community, especially for vehicle tracking and the monitoring of various user-based parameters, the technology will witness gradual acceptance in the region. The market is dominated by local aftermarket participants, and OEM suppliers are trying to catch up amidst the ongoing COVID-19 healthcare crisis and the poor economic climate.

Technological advancements, including real-time tracking, video safety systems, and advanced driver-assistance systems (ADAS), are changing the current driving experience, and the penetration of such features in mid- and high-range vehicles is expected to drive market growth. In addition, oil price fluctuations are a concern for stakeholders, especially with the growing number of vehicles on the road; as a result, the use of telematics is becoming a necessity for the adoption of fleet management solutions.

This Frost Radar™ focuses on the top 10 telematics service providers (TSPs) in the GCC region – these are leaders on the Growth and the Innovation axes and are striving to better themselves. Many global companies are looking to enter the market as it holds good growth potential; however, the barriers to entry are high. To succeed, TSPs need to develop good customer relationships, and they can do this by establishing a local presence or by mergers/acquisitions, partnerships, or joint ventures with local companies. The GCC connected truck telematics market is price-sensitive, and companies looking at a long-term stint in this space should build efficient and cost-effective solutions to address customer concerns and challenges.

Author: Rajesh Depores

Strategic Imperative

Growth Environment

Frost Radar™: Connected Truck Telematics Market

Frost Radar™: Competitive Environment

Frost Radar™: Competitive Environment (continued)

Gurtam

Teltonika

MiX Telematics

Location Solutions

WABCO

Restrata

Massar Solutions

FMS Tech

C TRACK

Al Tayer Engineering

Strategic Insights

Significance of Being on the Frost Radar™

Frost Radar™ Empowers the CEO’s Growth Team

Frost Radar™ Empowers Investors

Frost Radar™ Empowers Customers

Frost Radar™ Empowers the Board of Directors

Frost Radar™: Benchmarking Future Growth Potential

Frost Radar™: Benchmarking Future Growth Potential

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Frost Radar™: Benchmarking Future Growth Potential 2 Major Indices, 10 Analytical Ingredients, 1 Platform

Growth Index

Growth Index (GI) is a measure of a company’s growth performance and track record, along with its ability to develop and execute a fully aligned growth strategy and vision; a robust growth pipeline system; and effective market, competitor, and end-user focused sales and marketing strategies.

  • Market Share (previous 3 years)
    This is a comparison of a company’s market share relative to its competitors in a given market space for the previous 3 years.
  • Revenue Growth (previous 3 years)
    This is a look at a company’s revenue growth rate for the previous 3 years in the market/industry/category that forms the context for the given Frost Radar™.
  • Growth Pipeline
    This is an evaluation of the strength and leverage of a company’s growth pipeline system to continuously capture, analyze, and prioritize its universe of growth opportunities.
  • Vision and Strategy
    This is an assessment of how well a company’s growth strategy is aligned with its vision. Are the investments that a company is making in new products and markets consistent with the stated vision?
  • Sales and Marketing
    This is a measure of the effectiveness of a company’s sales and marketing efforts in helping it drive demand and achieve its growth objectives.

Innovation Index

Innovation Index (II) is a measure of a company’s ability to develop products/ services/ solutions (with a clear understanding of disruptive Mega Trends) that are globally applicable, are able to evolve and expand to serve multiple markets and are aligned to customers’ changing needs.

  • INNOVATION SCALABILITY
    This determines whether an organization’s innovations are globally scalable and applicable in both developing and mature markets, and also in adjacent and non-adjacent industry verticals.
  • RESEARCH AND DEVELOPMENT
    This is a measure of the efficacy of a company’s R&D strategy, as determined by the size of its R&D investment and how it feeds the innovation pipeline.
  • PRODUCT PORTFOLIO
    This is a measure of a company’s product portfolio, focusing on the relative contribution of new products to its annual revenue.
  • MEGATRENDS LEVERAGE
    This is an assessment of a company’s proactive leverage of evolving, long-term opportunities and new business models, as the foundation of its innovation pipeline.
  • CUSTOMER ALIGNMENT
    This evaluates the applicability of a company’s products/services/solutions to current and potential customers, as well as how its innovation strategy is influenced by evolving customer needs.

Significance of Being on the Frost Radar™

Companies plotted on the Frost RadarTM are the leaders in the industry for growth, innovation, or both. They are instrumental in advancing the industry into the future.

  • GROWTH POTENTIAL
    Your organization has significant future growth potential, which makes it a Company to Action.
  • BEST PRACTICES
    Your organization is well positioned to shape Growth Pipeline™ best practices in your industry.
  • COMPETITIVE INTENSITY
    Your organization is one of the key drivers of competitive intensity in the growth environment.
  • CUSTOMER VALUE
    Your organization has demonstrated the ability to significantly enhance its customer value proposition.
  • PARTNER POTENTIAL
    Your organization is top of mind for customers, investors, value chain partners, and future talent as a significant value provider.

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Impacting your company's future growth potential.

The connected truck telematics market in the Gulf Cooperation Council (GCC) region is poised for slow growth due to the current perilous economic conditions. As awareness of telematics increases among the user community, especially for vehicle tracking and the monitoring of various user-based parameters, the technology will witness gradual acceptance in the region. The market is dominated by local aftermarket participants, and OEM suppliers are trying to catch up amidst the ongoing COVID-19 healthcare crisis and the poor economic climate. Technological advancements, including real-time tracking, video safety systems, and advanced driver-assistance systems (ADAS), are changing the current driving experience, and the penetration of such features in mid- and high-range vehicles is expected to drive market growth. In addition, oil price fluctuations are a concern for stakeholders, especially with the growing number of vehicles on the road; as a result, the use of telematics is becoming a necessity for the adoption of fleet management solutions. This Frost Radar™ focuses on the top 10 telematics service providers (TSPs) in the GCC region – these are leaders on the Growth and the Innovation axes and are striving to better themselves. Many global companies are looking to enter the market as it holds good growth potential; however, the barriers to entry are high. To succeed, TSPs need to develop good customer relationships, and they can do this by establishing a local presence or by mergers/acquisitions, partnerships, or joint ventures with local companies. The GCC connected truck telematics market is price-sensitive, and companies looking at a long-term stint in this space should build efficient and cost-effective solutions to address customer concerns and challenges. Author: Rajesh Depores
More Information
Deliverable Type Frost Radar
No Index No
Podcast No
Author Rajesh Depores
Industries Automotive
WIP Number PB4A-01-00-00-00
Is Prebook No
GPS Codes 9800-A6,9B01-A6,9963-A6

Frost Radar™: Innovative Cloud-based SaaS Business Models are Driving GCC Connected Truck Telematics Market Growth

AutomotiveFrost Radar™: Innovative Cloud-based SaaS Business Models are Driving GCC Connected Truck Telematics Market Growth

A Benchmarking System to Spark Companies to Action - Innovation that Fuels New Deal Flow and Growth Pipelines

RELEASE DATE
19-Nov-2020
REGION
South Asia, Middle East & North Africa
Deliverable Type
Frost Radar
Research Code: PB4A-01-00-00-00
SKU: AU02061-SA-MR_24837
AvailableYesPDF Download
$4,950.00
In stock
SKU
AU02061-SA-MR_24837