Growing usage of mobile devices, advancements in wireless communication technologies and increasing adoption of telematics in construction industry are some of the fundamental factors that are expected to boost the global telematics in heavy equipment market during the forecast period.

Number of prominent telematics solution providers are based in the developed countries, however, they are having operations from developing countries as well. In 2016, North America region held highest market share for telematics in heavy equipment market followed by Asia Pacific.

Telematics solution providers in North America are focusing on offering various advanced technology solutions to the consumers. The U.S. held highest market share in 2016 for North America and is estimated to grow at significant CAGR during the forecast period owing to the growing investments by heavy equipment companies in telematics technology.

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In North America, due to the rapid advancements in connectivity technologies such as advancements of 5G network, enhanced GPS function and satellite communication in telematics, the region is expected to rise at significant growth rate. Multiple telematics providers and fleet management companies from Europe are offering advanced telematics solutions.