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Descriptive investigation of the connected truck telematics market exclusive to the Russian & CIS regions with extensive opportunity analyses
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Russia and the rest of the CIS nations including Armenia, Belarus, Kazakhstan, Kyrgyzstan, Moldova, Tajikistan, Turkmenistan, Ukraine, and Uzbekistan form a unique and diverse set of connected truck telematics market with differences and commonalities within each other. The Russian and CIS markets are served by numerous local telematics companies and leading OEMs. The Russian & CIS market is going through challenging times while the current macroeconomic situation has changed the commercial vehicle telematics market landscape and is holding back recovery in telematics penetration rates. Despite universal challenges like driver shortages, justification on ROI, security concerns and local challenges specific to geographic location like devaluation of national currencies, decrease in foreign investments and further technological challenges, the telematics market has managed to stay afloat. The market possesses promising growth potential and in the next few years is expected to show signs of improvement, driven by factors like state regulations and increased telematics awareness. Frost & Sullivan believes the market will successfully move from stagnation to sustainable growth with commitment from local and international participants to develop business in Russia and CIS with support measures from governments. The market is fragmented and competitive with close to 53.3% of the market split by several local TSPs and OEMs. Top 3 participants serve approximately 46.7% of the market and is growing at a rate of 9.5% from 2018 to 2019 YoY. An estimated 11.3 million commercial vehicles in Russia & CIS are serving various industries from Transport & Logistics, Oil & Gas, Construction, Utilities, Service & Maintenance, Retail & Delivery, Rental & Leasing, Municipalities and local governments. Of these, Transport & Logistics and Oil & Gas sectors offer the highest opportunities for growth for TSPs. The telematics installed base is evaluated at 1.58 Million units with penetration rate of approx. 13.9% in 2018. The region is expected to register slow yet steady growth rates in the future as fleet management solutions are becoming increasingly common amongst fleet operators and owners. Leading TSPs in Russia & CIS include Gurtam, Omnicomm, TechnoKom, Space Team, Fort Telecom, M2M Telematics, Ruptela, Scout Group, WebEye International, Teltonika, GlobalSat, AutoLocator, Autograf and other local market participants. OEMs play a less than important role in the telematics ecosystem as of now and the situation is expected to change in the future. Through In-house telematics systems and through partnerships, OEMs like GAZ, KAMAZ, Daimler and Volvo are offering full-fledged telematics solutions in the market. They have started offering telematics solutions as a factory-fit unit to select models and soon are expected to standardize telematics solutions across all vehicles. The Russian and CIS markets are highly price sensitive and companies looking to sustain in this fierce market should acknowledge that and build efficient and cost effective solutions to address the mass market. The market is presenting good opportunities for new telematics companies due to growing demand of telematics solutions. This research will provide a comprehensive outlook on the Russian & CIS connected truck telematics market and will provide meaningful insights to TSPs, OEMs, Tier-I suppliers and other companies who wish explore this unique and competitive market.
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