Commercial Telematics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020

on Monday, 10 November 2014 include new market research report " Commercial Telematics Market (By Type - OEM Telematics and Aftermarket Telematics; By Application - Fleet/Asset Management, Satellite Navigation, Infotainment, Insurance Telematics, Telehealth Solutions, Remote Alarm and Monitoring, and Others) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020" to its huge collection of research reports.

According to a new market report published by Transparency Market Research “Commercial Telematics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020”, the global commercial telematics market was valued at USD 14.67 billion in 2013 and is estimated to grow at a CAGR of 18.0% during the forecast period from 2014 to 2020. The growing adoption of commercial telematics in insurance and transportation and logistics industries has emerged as the most significant growth driver for the commercial telematics market. In 2013, North America was the largest market for commercial telematics with a share of 31.9% in terms of revenue owing to the significant demand for commercial telematics due to increased internet penetration and early adoption of technology.

This report provides a comprehensive strategic analysis of the global market for commercial telematics along with the market size and growth forecast for the period 2012 - 2020. Commercial telematics broadly refers to a system using which an electronic or mechanical device communicates with other devices or human users with the help of a telecommunication network. Factors such as government regulations for mandatory use of telematics technology, wide adoption of commercial telematics across various industries including insurance and infotainment, and increasing partnerships between automobile manufacturers and telematics service providers has led to the growth of global commercial telematics market. Furthermore, rising penetration of broadband and high speed long-term evolution (LTE) technologies across the globe and the increasing demand for high-end luxury cars is driving the adoption and demand for commercial telematics. 

This research report on the commercial telematics market provides a detailed market analysis and helps understand the driving forces behind the popularity of these systems across various end-use industries. The report also provides a breakdown and review of various factors affecting market growth, which are appropriately described as market drivers, restraints, and opportunities. These factors determine various existing trends and their impact on market growth. It offers a comprehensive coverage of underlying technological and economic factors influencing the commercial telematics business. Furthermore, value chain analysis and Porter’s five forces analysis are included in the report, which aim to provide strategic insights into the supply chain of the commercial telematics market. The prevalent competition in the market is identified and described through market share analysis of key players.

The scope of the report includes comprehensive analysis of various market segments based on applications and telematics type. Further, in-depth cross sectional analysis of these segments across different geographies [North America, Europe, Asia Pacific, and the Rest of the World (RoW)] has been provided to aid in strategic decision making. The report includes study of commercial telematics based on various types as OEM telematics and aftermarket telematics. Embedded and hybrid OEM systems are the two types of OEM telematics considered in the scope of this report. 

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Additionally, the report also includes competitive profiling of leading players in the industry and various business strategies adopted by them. In addition, report explores potential opportunities that are estimated to increase profitability of market participants. The company profiles section in the report provides overview of the companies, annual revenue generated for the past two/three years, business strategies, and recent developments. Companies profiled in this report include MiX Telematics Ltd., Omnitracs LLC, Verizon Communications Inc., WirelessCar AB, ORBCOMM Inc., Masternaut Limited, TomTom N.V., Trimble Navigation Limited, and OnStar LLC.

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