Telematics Solutions For Fleet Management

The global Telematics Solutions market focuses on encompassing major statistical evidence for the Telematics Solutions industry as it offers our readers a value addition on guiding them in encountering the obstacles surrounding the market.

A comprehensive addition of several factors such as global distribution, manufacturers, market size, and market factors that affect the global contributions are reported in the study.

In addition the Telematics Solutions study also shifts its attention with an in-depth competitive landscape, defined growth opportunities, market share coupled with product type and applications, key companies responsible for the production, and utilized strategies are also marked.

Telematics is the joining of two sciences such as telecommunications, a branch of technology including cables and phone lines, and informatics such as computer systems.

Today, the term is usually used in reference to the telematics solutions utilized in commercial fleet vehicles.

The telematics technology integrates the information flowing to and from the vehicles through wireless networks to offer smart automation and to enrich the overall driving experience in the automotive industry.

According to a new report "Commercial Vehicle Telematics Market by Solution (Fleet Tracking and Monitoring, Driver Management, Insurance Telematics, Safety and Compliance, and V2X Solutions), Service, Provider Type, Vertical, and Region - Global Forecast to 2022", published by MarketsandMarkets, the Commercial Vehicle Telematics Market size is expected to grow from USD 7.31 Billion in 2017 to USD 18.43 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 20.3%.

Browse 81 Market Data Tables and 34 Figures spread through 148 Pages and in-depth TOC on "Commercial Vehicle Telematics Market”Ask for Report Brochure@ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=22050839The major driver of the Commercial Vehicle Telematics Market is the increasing adoption for the Next-Generation Telematics Protocol (NGTP) enhancing telematics service delivery, proliferation of telematics technology due to decreasing sensor and connectivity cost, growing government mandate for deploying vehicle tracking in commercial vehicles, and rising demand for smartphones supplements the adoption of telematics solutions and services.Safety and compliance solutions are expected to grow at the fastest rate in the Commercial Vehicle Telematics Market during the forecast period.Safety and compliance solutions are expected to drive the market growth since the safety and security aspect has been one of the initial functionalities of the commercial vehicle telematics.

Solution providers offer solutions which integrate the compliance aspect into solutions to facilitate speed control, timeline reporting, laws and regulation control and others to incorporate government mandates and regulations of commercial vehicle telematics technology.Professional services segment is expected to have the largest market share during the forecast period.The professional services segment is expected to have the largest market share during the forecast period owing to the increased deployment of smart solutions which requires technological consulting, and continuous support and maintenance activities.

Moreover, government bodies normally prefer professional services vendors over managed services vendors to keep a tight control over the business operations, such as deployment and support and maintenance.North America is expected to hold the largest market share in the Commercial Vehicle Telematics Market during the forecast period.As per the geographic analysis, North America is estimated to hold the largest market share during the forecast period.

North America constitutes of developed economies such as US and Canada.

Moreover, government regulations, policies and mandates for the different application of commercial vehicle telematics is expected to drive the market growth in North America.Request Sample Pages of this report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=22050839The major vendors covered in the Commercial Vehicle Telematics Market include PTC, Inc. (US), Trimble Inc. (US), TomTom Telematics BV (Netherlands), Verizon Telematics, Inc. (US), MiX Telematics International (Pty) Ltd (South Africa), Zonar Systems, Inc. (US), Octo Telematics Ltd. (UK), Omnitracs, LLC (US), Masternaut Limited (UK), Microlise Limited (UK), Inseego Corporation (US), and Volkwagen Commercial Vehicles (UK).About MarketsandMarkets™MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.

Global Telematics in automotive Market, by application (Vehicle Tracking, Fleet Management, Satellite Navigation), systems (Driving Assistance systems, Telematics Control Unit, GPS,), Type, vehicle type, distribution channel, region - Forecast till 2023

Market Synopsis of Telematics in Automotive Market

Telematics describes the technology used within fleet tracking to manage a vehicle or a fleet of vehicles and other assets, especially in applications such as trucking, site excavation, and construction.

The growth of the market is majorly driven by the increase in awareness among the public for benefits of the use of telematics in vehicles and the increase in road congestions and road accidents.

The governing bodies all across the globe are introducing new emission standards with the objective to reduce the amount of pollution caused by vehicles.

The increasing sales of vehicles significantly leads to the declining air quality.

This report helps to analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Global Vehicle Telematics Market.The global vehicle telematics market size is projected to be worth USD 231.63 billion by 2025 driven by the rising demand for smart connectivity coupled with increasing penetration of Internet of Things (IoT).Lucrative growth of the commercial vehicles market paired with the rising demand for connected vehicles is expected to boost the market for telematics over the forecast period.

Automobile manufacturers are demanding for integrated solutions such as fleet management services to track the position of vehicles, the distance covered, and the route on which the vehicles are moving.

Logistic companies are shifting from traditional systems to telematics as these systems provide accurate data in real time and help guide the driver in case of any emergencies.

To establish high-speed communication via telematics, the need for supporting technologies is projected to spur investment in development of 5G enabled devices, owing to which we estimate that the share of 5G technology used for vehicle telematics is projected to exceed USD 30 billion in terms of revenue.

Such partnerships are opening new business opportunities and assist market leaders in gaining competitive advantage in the market.Access the complete Global Vehicle Telematics Market report with TOC & List of Tables @ https://www.adroitmarketresearch.com/industry-reports/vehicle-telematics-marketNorth America dominated the global vehicle telematics market and is expected to account for more than a third of the telematics market share by 2025.

This is due to growing vehicle production along with raising car theft in the region.Major players operating in vehicle telematics market include Inseego Corporation, LG Electronics Inc., HARMAN International Industries, Inc., BOSCH, Continental AG, Denso Corporation, Magneti Marelli S.p.A., Visteon Corporation, Fujitsu Ten Limited / DENSO Ten Limited, Peiker Acustic GmbH & Co. KG, Novero, Ficosa Internacional SA, Huawei Investment & Holding Co., Ltd., Flaircomm Microelectronics, Inc., PTC, Inc., Zonar Systems, Inc, Trimble Inc., Verizon Telematics, Inc., MiX Telematics, AirIQ Inc., Omnitracs, LLC, Masternaut Limited, Octo Telematics S.p.A., TomTom NV, and Volkswagen AG.Enquiry before buying Global Vehicle Telematics Market report @ https://www.adroitmarketresearch.com/contacts/enquiry-before-buying/62Key Segments of the Global Vehicle Telematics MarketType Overview, 2014-2025 (USD Million)SolutionsFleet/asset ManagementNavigation & Location-based SystemsInfotainment SystemsInsurance TelematicsSafety & SecurityRemote Alarm & Incident Monitoring SolutionsV2XOthersServiceIntegration & DeploymentConsulting & DesignMaintenance & Training ServicesVehicle Type Overview, 2014-2025 (USD Million)Passenger CarsCommercial VehiclesProduct Overview, 2014-2025 (USD Million)HardwareSoftwareProvider Overview, 2014-2025 (USD Million)AftermarketOEMsBandwidth, 2014-2025 (USD Million)2G/2.5G3G4G5GRegional Overview, 2014-2025 (USD Million)North AmericaUSCanadaEuropeUKGermanyAsia PacificSouth KoreaJapanIndiaChinaLatin AmericaBrazilMexicoMiddle East & AfricaAbout Us:Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018.

Over the course of time, the telematics-based solutions have observed high market attraction due to the high demand for efficient smart solutions to manage services or products.

Advanced communication and Internet of Things (IoT) solutions enabled by global network operators have fostered considerable development in the field.Report Overview: https://bisresearch.com/industry-report/off-highway-vehicle-telematics-market.htmlTelematics forms the channel between a vehicle and its cloud/analytics center and is responsible for communicating voice, transferring data, and assessing machine codes generated by the vehicle's on-board system.

Telematics can form a safe and secure channel for data transfer and communication in a connected vehicle system without any leak.

Telematics, with respect to the connected vehicle, is being developed with the integrated ability of the Internet of Things (IoT).

Connecting a telematics service with the internet results in the opportunity into real-time monitoring and data analytics.

Today, the telematics companies are focusing on developing an end-to-end solution for a consumer, such as JD Link from John Deere, which provides a device, connectivity, and platform and customer support service for OHV application.Off-highway vehicle (OHV) primarily has applications in three industries, majorly construction, agriculture, and mining, among others.

According to the new market research report "Telematics Solutions Market by Service (ACN, eCall, RSA, Remote Diagnostics, Insurance Risk Assessment, Driver Behavior, Billing & Other), Form & Vehicle Type, Component, Connectivity, Aftermarket, Fleet Management Service, Region - Global Forecast to 2025" The Telematics Solutions Market is projected to reach USD 62.6 billion by 2025 from an estimated USD 29.9 billion in 2020 at a CAGR of 15.9% during the forecast period.The Telematics Solutions Market growth is governed by the increasing trend of in-vehicle connectivity solutions and government initiatives towards developments in intelligent transportation systems & connected cars.

The market growth is also supported by the continual improvement in network infrastructure along with increasing technology acceptance among the consumers.

Therefore, the Telematics Solutions Market is expected to witness significant growth in the future.Browse in-depth TOC on "Telematics Solutions Market"130 – Tables20 – Figures180 – PagesThe Global Telematics Solutions Market is dominated by major players such as Robert Bosch GmbH (Germany), AT INC. (US), Continental AG (Germany), LG Electronics (South Korea), and Verizon (US).Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=245073008Fleet Management Market is expected to grow at the fastest CAGR by service segment.Fleet Management market is driven by the continuous increase in the demand for logistics and transport.

Fleet management also helps in higher efficiency, consistent performances, and ultimately reduced costs.

For instance, the installation of telematics systems and satellite positioning in commercial vehicles has been made mandatory by the Chinese government.

In 2017, the Chinese Ministry of Industry and Information Technology (MIIT) and the Standardization Administration of China (SAC) issued a draft to establish national standards for China’s Intelligent & Connected Vehicles (ICV).

Industry OVERVIEW OF Commercial Vehicle Telematics MARKET 2020 TO 2026:The market intelligence report on the Global Commercial Vehicle Telematics Market offers accurate insights into the industry relating to the leading segments, product types, applications, and the leading geographic regions studied in this report, along with the market value, capacity, production, consumption, gross revenue, market dynamics, and forecast until the year 2026.

The Global Commercial Vehicle Telematics Market is expected to deliver a steady growth rate in the forecast duration from 2020 to 2026.

Additionally, the report also gives a historical analysis of the market to use that data to predict future growth trends.In market segmentation by manufacturers, the report covers the following companies-Trimble Inc., Verizon Telematics Inc., PTC Inc., OCTO telematics Ltd., TomTom Telematics Bv, Omnitracs LLC, Volkswagen Commercial Vehicle, Inseego Corporation, Masternaut Ltd., and Zonar Systems Inc., among OthersFurthermore, the research report projects the changes in the supply-demand dynamics, market value, market competition, leading market players, and market estimations from 2020 to 2026.

The report has been created after analyzing its essential information in the overall Global Commercial Vehicle Telematics market 2020, the vital market aspects influencing the market growth in the coming years.

Our team of expert analysts has scrutinized the Commercial Vehicle Telematics market report by referring to the data provided by leading companies.In market segmentation by types of Commercial Vehicle Telematics, the report covers-Offering Outlook (Revenue, USD Million; 2016-2026)Fleet Tracking & MonitoringSafety & SecurityDriver ManagementInsurance TelematicsOthersProduct Type Outlook (Revenue, USD Million; 2016-2026)RetrofittedEmbeddedProvider Type Outlook (Revenue, USD Million; 2016-2026)OEMAftermarketVehicle Type Outlook (Revenue, USD Million; 2016-2026)Light Commercial VehiclesMedium & Heavy Commercial VehiclesThe following years are used in this study to estimate the size of the Commercial Vehicle Telematics market:Historical year: 2016-2018Base year: 2019Estimated year: 2020Forecast years: 2020 to 2026Scope of the Research:The report offers an in-depth assessment of the competitive scenario, taking into consideration the market shares held by leading companies.

It also discusses the supply-demand dynamics and key participants with vital business intelligence and helps them with a research-backed forecast for the global Commercial Vehicle Telematics market.The evaluation includes the forecast, a summary of the competitive landscape, the market shares of competitors, as well as the market trends, demands, opportunities and challenges existing in the sector, and elaborate product analysis.