The GPS Tracking Device market report focuses on the economic developments and consumer spending trends across different countries for the forecast period 2020 to 2027. The research further reveals which countries and regions will have a better standing in the years to come. Apart from this, the study talks about the growth rate, market share as well as the recent developments in the GPS Tracking Device industry worldwide. Besides, the special mention of major market players adds importance to the overall market study.
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Which Top Market Participants are Consider for the highest GPS Tracking Device market share?
Verizon Wireless (U.S), Concox Information Technology Co., Ltd. (China), Calamp Corp. (US), Orbocomm Inc. (US), Sierra Wireless Inc. (Canada), Atrack Technology Inc. (Taiwan), Tomtom International Bv ( Neitherland), Spy tech, Inc. (U.S), Queclink Wireless Solutions Co. Ltd. (China), Laipac Technology, Inc. (Canada), are the renowned companies operating in the GPS tracking devices industry.
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Regional analysis
Based on region, the GPS Tracking Device market is segmented into North America, Asia Pacific, Europe, and the rest of the world. The European region dominates the GPS Tracking Device market by holding the largest share due to the growing needs of GPS tracking devices. However, the Asia Pacific region is growing by registering a high CAGR rate due to many manufacturing facilities and increasing the sale of commercial vehicles for logistic and transportation purposes. North America is also generating maximum GPS tracking devices and contributing highly to increasing GPS Tracking Device market size.
GPS Tracking Device Market By Geography
Asia pacific
Europe
North America
The Middle East and Africa
Latin America
Market Segmentation
GPS Tracking Device Market Covid 19 Analysis
Due to a rise in phishing activities, COVID-19 has substantially increased the adoption of cloud infrastructure and services. In addition, COVID-19 has significantly increased the security budget, which has resulted in a large increase in cloud infrastructure and services. According to the findings of a study conducted by Microsoft and published in August 2020, 36% of the total 800 respondents said that the budget for cybersecurity had risen as a consequence of the pandemic outbreak. Additionally, 42 percent of those who answered the survey said that the company altered its personnel by adding more security experts.
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