Commercial Telematics Market is Expected to Grow CAGR of 20.28% Over Forecast Period to Reach US$51.289 Billion by 2021
Mar 6, 2018
Orbisresearch.com added latest 77 pages report “Commercial Telematics Market-Forecasts from 2016 to 2021” in its store.
Dallas, United States - March 6, 2018 /MarketersMedia/ —
Global Commercial Telematics Market is expected to grow at a compound annual growth rate of 20.28% over the forecast period to reach US$51.289 billion by 2021, growing from US$20.375 billion in 2016. Telematics are information and telecommunication products which combine telecommunication and computer services in order to transfer a large amount of real-time data in vehicles. Factors such as high penetration of smartphones, availability of high-speed internet connectivity, and low connectivity cost are driving the demand for commercial Telematics across various end-use industries. Stringent government regulations regarding safety compliance mandates, driver monitoring, and road infrastructure constraints have made installation of GOS trackers and satellite navigation, thereby bolstering the growth of global commercial Telematics market. Fleet/Asset management solutions hold the largest share of global commercial Telematics market owing to the high volatility of fuel prices worldwide. Growing demand for immediate healthcare facilities will provide a great opportunity for the expansion of global commercial Telematics market by way of increasing need for connected vehicles.
Geographically, North America held the largest market size in 2015 and will continue its dominance due to early adoption of the new technology in transportation and logistics sector along with other industry verticals. APAC region, however, will witness the fastest regional market growth owing to booming automobile industry coupled with supportive government regulations in the region. Low awareness regarding the solution benefits among commercial fleet owners will restrain the growth of global commercial Telematics market during the forecast period.
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Company Profiles
1. AT&T
2. BMW
3. Harman
4. Trimble Navigation Ltd.
5. Verizon
6. Ford Motors
7. Onstar
TomTom
Telefonica
10. Omnitracs
Research Methodology
First section of the report deals with detailed research methodology for calculating market size and forecasts, secondary data sources used and the primary inputs which were taken for data validation. This section also outlines various segmentations which have been covered as part of the report.
Market Dynamics
Next section provides comprehensive market dynamics through an overview section along with growth drivers, challenges and opportunities which exist in the current market. This section of the report also provides supplier and industry outlook as a whole; key industry, global and regional regulations which are determining the market growth and a brief technological aspect of commercial telematics. Complete industry analysis has also been covered through Porter’s five forces model as a part of this report section.
Segmentation
Thirdly, Commercial Telematics market has been segmented by solution, industry vertical and geography as below:
By Solution
Navigation and Location Based Systems
Telehealth Solutions
Safety and Security
Fleet/Asset Management
Infotainment
Others
By Industry Vertical
Healthcare
Automotive
Manufacturing
Government
Media and Entertainment
Others
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By Geography
Americas
North America
South America
Europe Middle East and Africa
Europe
Middle East and Africa
Asia Pacific
Market Players
Finally, competitive intelligence section deals with major players in the market, their market shares, growth strategies, products, financials, and recent investments among others. Key industry players profiled as part of this section are AT&T, BMW, Harman, and Trimble Navigation Ltd. among others.
Competitive Intelligence
1. Market Share Analysis
2. Investment Analysis
3. Recent Deals
4. Strategies of Key Players
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Source: MarketersMedia
Release ID: 308846
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