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Global Truck-as-a-Service Market 2019-2023 | Evolving Opportunities With Daimler AG and Fleet Advantage LLC | Technavio

LONDON–(BUSINESS WIRE)–#truckasaservice–Technavio has been monitoring the global truck-as-a-service market and the market is poised to grow by USD 19.43 billion during 2019-2023 at a CAGR of almost 22% during the forecast period. Request Free Sample Pages

Read the 116-page research report with TOC on “Truck-as-a-Service Market Analysis Report by Service (Digital freight brokerage, Telematics, Data analytics, and Truck platooning), by Geography (APAC, Europe, MEA, North America, and South America), and Segment Forecasts, 2019 – 2023.”

The market is driven by the increase in the implementation of loT in trucking. In addition, the adoption of blockchain in trucking is anticipated to further boost the growth of the truck-as-a-service market.

The mobile and connectivity advancements in IoT and the advent of IoT gadgets is positively influencing the trucking industry. Various trucking operations such as geo-fencing, smart inventory management, fleet management, optimal asset utilization, and public transit management are managed by IoT. The integration of IoT in the trucking services enables companies to manage the performance of their fleets and address issues such as sudden breakdowns in the middle of a route. Thus, the increase in the implementation of loT in trucking is expected to drive market growth during the forecast period.

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Major Five Truck-as-a-Service Market Companies:

Daimler AG

Daimler AG is headquartered in Germany and operates the business under various product segments such as Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans, Daimler Buses, and Daimler Financial Services. The company offers connected trucks, truck leasing, TruckStore, CharterWay, and other services.

Fleet Advantage LLC

Fleet Advantage LLC is headquartered in the US and offers services through the following business units: Truck fleet leasing, Truck fleet asset management, Truck fleet technology, and Used trucks. The company offers Truck data Analytics, ATLAAS, EXchangeIT, and other services.

Fleet Complete

Fleet Complete is headquartered in Canada and operates under the business segment, Telematics. The company offers safety and compliance management, asset management, fleet management, and other services.

Trimble Inc.

Trimble Inc. is headquartered in the US and offers services through the following business segments: Buildings and Infrastructure, Geospatial, Resources and Utilities, and Transportation. The company offers SmartDelivery, myRoads, ConnectedDriver, myMedia, In-Cab Scanning, Fault Intelligence, and other services.

Volkswagen AG

Volkswagen AG is headquartered in Germany and offers services through the following business segments: Passenger Cars, Commercial Vehicles, Power Engineering, and Financial Services. The company offers Driverless Scania and MAN trucks, MAN DigitalServices, RIO, MAN Rental, and other services.

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Truck-as-a-Service Service Outlook (Revenue, USD Million, 2019 – 2023)

  • Digital freight brokerage
  • Telematics
  • Data analytics
  • Truck platooning

Truck-as-a-Service Regional Outlook (Revenue, USD Million, 2019 – 2023)

  • APAC
  • Europe
  • MEA
  • North America
  • South America

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report

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Business Wire , 2019-11-20 01:02:18 ,

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NewsBlock © 2019 - 2020 All rights reserved.

NewsBlock © 2019 - 2020. All rights reserved.

While Bitcoin’s price seemingly moves without rhyme or reason — collapsing by dozens of percent and embarking on face-melting rallies on a whim — the cryptocurrency market is filled to the brim with fractals.

Related Reading: Analyst: Bitcoin Price Likely to Fall to Low-$8,000s as Chart Remains Weak

A brief aside: A fractal, in the context of technical analysis and financial markets anyway, is when an asset’s price action is seen during a different time. This form of analysis isn’t that popular, but it has proven to be somewhat valuable in analyzing Bitcoin.

One recent fractal popularized by a well-known cryptocurrency trader is implying that BTC is going to return to the low-$7,000s in the coming days.

Bitcoin Fractal Implies Retracement to Low-$7,000s

A well-known crypto trader going by “Tyler Durden” on Twitter recently posted the chart below, which shows that a Bitcoin price fractal may be playing out. The fractal has four phases: horizontal consolidation marked by one fakeout, a surge above the consolidation phase, a distribution, then a strong drop to fresh lows.

If the fractal plays out in full, BTC could reach the low-$7,000s again, potentially as low as $7,100. This would represent a 20-odd percent collapse from the current price point of $8,800.

It isn’t only a fractal that is hinting Bitcoin has the potential to visit its lows. As we reported on Saturday, Bloomberg believes that if the GTI Vera Convergence Divergence Indicator flips red, a downtrend could push the cryptocurrency back to $7,300.

Related Reading: Stephen Colbert Pokes Fun at Bitcoin in Monologue: Mainstream Gone Wrong?

Can Bulls Step In?

But again, many believe it is irrational to have such bearish interpretations of the cryptocurrency’s chart at the moment. As reported by NewsBTC earlier, Popular crypto trader Mayne recently noted that the “people waiting for $6,000” are irrational. He quipped that Bitcoin retracing and consolidating after its fourth-biggest bull move in history ($7,300 to $10,500, a 42% gain) is perfectly par for the course, but noted that it’s totally possible we can go lower from $8,800.

The medium-term technicals support this.

Trader and CoinTelegraph contributor FilbFilb found that by the end of November or start of December, the 50-week and 100-week moving averages will see a “golden cross,” which he claims is far more significant” for the Bitcoin market that other technical crosses.

Also, a Bitcoin price model created using Facebook Prophet machine learning found that the leading cryptocurrency is likely to end the year at just over $12,000. What’s notable about this model is that it called the price drop to $8,000 months in advance, and forecasted a ~$7,500 price bottom for BTC.

To put a cherry on the cryptocurrency cake, Crypto Thies observed that when Bitcoin bottomed at $7,300, it bounced decisively off the 0.618 Fibonacci Retracement of the move from $3,000 to $14,000, which correlates with the two-week volume-weighted moving average. He added that summer 2019’s consolidation was marked by Bitcoin flipping major resistances into support levels, implying that a bullish reversal and subsequent continuation is likely possible in the coming weeks.

Featured Image from Shutterstock

Nick Chong , 2019-11-10 12:00:38

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