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Commercial Telematics Market to Be Worth 20.3% by 2022 Know About the Industry by Applications, by Services by Technology: key players in global Commercial Telematics market are InfoTrack Telematics, Agero Inc, NXP Semiconductors, BOX Telematics, Coordina Gestion Logistica SL, Verizon Enterprise Solutions, Trimble Navigation Ltd, Calamp Corp, ORBCOMM Inc, ClickSoftware Technologies Ltd, Qualcomm, Omnitracs Inc, ZENRIN DataCom, AT&T.

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06/13/2018 | 06:44 pm

Houston, TX -- (SBWIRE) -- 06/13/2018 -- The Global Commercial Telematics Market is accounted for $18.9 billion in 2015 and is expected to grow at a CAGR of 20.3% to reach $69.3 billion by 2022. Telematics is used for vehicle tracking, satellite navigation etc. Increasing use of smart phones, high speed internet technologies, government mandate in terms of compliance and driver monitoring are anticipated to increase the market growth. Collaboration between automobile manufacturers and Telematics, Government regulations for the use of Telematics technology are some of the factors accelerating the commercial Telematics market growth. Some of the factors inhibiting the market are high cost involved in deploying Telematics technology, concerns regarding breaching the security and accessing data and lack of awareness among consumers in certain regions.

Logistics and transportation segment has high impact on the commercial Telematics market. Vehicle-embedded Telematics technology is gaining momentum. It is anticipated that commercial fleet segment will be in high demand over the next seven years. North America is the largest market for commercial Telematics in terms of revenue. Europe is expected to be the fastest growing region. Demand from countries such as Japan, China, India, and Australia is expected to drive the Asia Pacific commercial Telematics market.

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Some of the key players in global Commercial Telematics market are InfoTrack Telematics, Agero Inc, NXP Semiconductors, BOX Telematics, Coordina Gestion Logistica SL, Verizon Enterprise Solutions, Trimble Navigation Ltd, Calamp Corp, ORBCOMM Inc, ClickSoftware Technologies Ltd, Qualcomm, Omnitracs Inc, ZENRIN DataCom, AT&T.
Solutions Covered: OEM Telematics, Embedded OEM Systems, Hybrid OEM Systems, Aftermarket Telematics, Embedded Aftermarket Telematics Systems, Portable Aftermarket Telematics Systems
Applications Covered: Fleet/Asset Management, Navigation and Location Based Systems, Diesel Direct Injection, Infotainment Systems, Insurance Telematics, Compliance, Safety and Security, Remote Alarm and Incident Monitoring Solutions, Telehealth Solutions, V2V, V2X Systems
Services Covered: Integration and Deployment, Consulting and Design, Maintenance and Training Services, Automotive Data Services, Safety & Security Services, Navigation, Other Services,
Technology Covered: Smart Phones and Tablets, Insurance Telematics, Vehicle Data Monitoring

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The statistical surveying comprehensive publication studies the current market landscape and makes forecasts about its future growth prospects. Making use of tables and figures, the report packages various data and trends in a more informative manner.

The report provides a product analysis and discusses the present competitive landscape. Facts and figures for the period between 2016 and 2022 with respect to price, production, cost, revenue, and sales are provided in the report. It segments the market based on various parameters.
Key organizations operating in the market are profiled in the report with details such as product pictures and specifications, production and capacity figures, cost, price, gross, and revenue. Their dominance is measured by considering their geographical reach. A feasibility study of new project investments is also done in the report by the analysts. The manufacturing base of each key player and their share in the market for each product and application segment of the virtual private network market have been described in the report. It also describes various marketing channels and strategies likely to give positive results in the 2017-2022 so as to help readers in formulating winning tactics.

For more information on this press release visit: http://www.sbwire.com/press-releases/commercial-telematics-market-to-be-worth-203-by-2022-know-about-the-industry-by-applications-by-services-by-technology-993782.htm

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