New York, Global Commercial Telematics Market report from Global Insight Services is the single authoritative source of intelligence on Commercial Telematics Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Telematics is the technology of sending, receiving and storing information via telecommunication devices. Commercial telematics refers to the use of this technology in businesses and organizations, usually for the purposes of fleet management, asset tracking and monitoring.
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Key Trends
There are three key trends in Commercial Telematics technology:
1. The increasing adoption of telematics by commercial fleets
Commercial fleets are increasingly adopting telematics technology to improve their operations. Telematics can help fleets to track vehicles, monitor driver behavior, and optimize routes. This can lead to significant cost savings for fleets, as well as improved safety and efficiency.
2. The increasing use of telematics data by insurance companies
Insurance companies are increasingly using telematics data to price insurance premiums. By using data on actual driving behavior, rather than simply demographics, insurance companies can better assess risk and offer more accurate premiums.
3. The development of new applications for telematics data
Telematics data is being used for a variety of new applications beyond simply fleet management and insurance. These applications include predictive maintenance, usage-based pricing, and vehicle diagnostics.
Key Drivers
There are several key drivers of the commercial telematics market.
One driver is the increasing demand for safety and security features in vehicles. This is especially true in fleet applications, where safety is a major concern.
Another driver is the need for increased efficiency and productivity in fleet operations. Telematics can help fleet managers track vehicle location and performance, as well as driver behavior.
Other drivers of the commercial telematics market include the increasing adoption of connected and autonomous vehicles and the need for better data management and analytics.
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Market Segments
The commercial telematics market is segmented by solution, end-user, and region. By solution, the market is classified into automotive OEM services, and aftermarket telematics. Based on end-user, it is bifurcated into insurance, healthcare, media, and others. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World.
Key Players
The global commercial telematics market includes players such as Cartrack, Daimler Fleetboard GmbH, Fleet Complete, Geotab Inc, Microlise, Masternaut Ltd, Mix Telematics, Navistar Inc, Omnitracs, Tomtom International BV, and others.
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