Telematics Market (Solutions & Services) Expected to Reach $39.15 Billion by 2019

[169 Pages Report] Commercial Telematics Market categorizes the Global Market by Solutions as Fleet Management, Navigation & Location Based, by Professional Services & by geography.
By: marketsandmarkets
 
DALLAS - June 10, 2014 - PRLog -- The report“Commercial Telematics Market [OEM & Aftermarket, Solutions (Fleet Management, Navigation & Location Based, Infotainment, V2V, V2I, Insurance, Telehealth, Alarm Monitoring), Professional Services] - Global Market Forecasts & Analysis (2014 - 2019)”, segments the global market into various sub-segments with in-depth analysis and forecasting of revenues. It also identifies the drivers and restraints for this market with insights into trends, opportunities, and challenges.

Browse 62 market data Tables and 23 Figures spread through 169 Pages and in-depth TOC on "Commercial Telematics Market [OEM & Aftermarket, Solutions (Fleet Management, Navigation & Location Based, Infotainment, V2V, V2I, Insurance, Telehealth, Alarm Monitoring), Professional Services] - Global Market Forecasts & Analysis (2014 - 2019)".
http://www.marketsandmarkets.com/Market-Reports/commercial-telematics-market-22050839.html

Early buyers will receive 10% customization on this report.

Inquiry Before Buying @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=22050839


The consumer and enterprise demands, for telematics devices have increased over the period of time. Enterprises are continuously leveraging the benefits of telematics such as GPS fleet tracking to help streamline overall operations and detect anomalies for vehicle safety and fleet management. In the consumer segment, the majority of applications are automotive navigation, infotainment solutions, real-time vehicle information, and reporting. Also, the continuous increase in the vehicle production and increase in the use of infotainment devices would play a crucial role in the growth of the telematics market.

Telematics industry has evolved from traditional navigation services to new opportunities in vehicle tracking, monitoring, fleet management, route optimization, location based services and traffic and weather information. Telematics solutions can monitor the fuel consumption and influence the Carbon dioxide emission. These solutions enable the fleet operators to track various parameters such as driver behavior, vehicle/engine diagnostics, and vehicle location tracking and curbing unauthorized usage.

Despite of Telematics solutions benefits which include improved asset and vehicle utilization reduced insurance premiums, cost savings (fuel efficiency and maintenance) and fewer accidents. Still, there is one of the major barriers which hinder the growth of telematics solutions is set-up and running costs. Due to increasing set-up and running cost fleet companies are reluctant towards installing telematics devices to their existing systems.

MarketsandMarkets has segmented the global commercial telematics market by type of solution providers: OEM telematics, and aftermarket telematics; by types of solutions: fleet management, navigation and location-based, infotainment, telehealth, insurance telematics, V2V, V2I, remote monitoring and control solutions; by type of professional services: consulting and design, integration and deployment, maintenance and training services; by types of end users: construction, transportation and logistics, healthcare, manufacturing, insurance and government and utilities; by regions: North America (NA), Asia Pacific (APAC), Europe (EU), Middle East and Africa (MEA), and Latin America (LA).

MarketsandMarkets expects that the global commercial telematics market to be $17.31 billion in 2014 and is expected to grow to $39.15 billion in 2019. This represents an estimated Compound Annual Growth Rate (CAGR) of 17.7% from 2014 to 2019. In the current scenario, NA is expected to be the largest market on the basis of spending, and adoption for the commercial telematics solutions and services.

Request for Customization @ http://www.marketsandmarkets.com/requestCustomization.asp?id=22050839

About MarketsandMarkets

MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.

MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers thirteen industry verticals, including advanced materials, automotive and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan

North - Dominion Plaza,
17304,Preston Road,
Suite 800, Dallas, TX 75252
Tel: +1-888-600-6441
Email: sales@marketsandmarkets.com

Contact
marketsandmarkets
***@gmail.com
End
Source:marketsandmarkets
Email:***@gmail.com
Tags:Telematics Market
Industry:Technology
Location:Dallas - Texas - United States
Account Email Address Verified     Account Phone Number Verified     Disclaimer     Report Abuse
Research Reports PRs
Trending News
Most Viewed
Top Daily News



Like PRLog?
9K2K1K
Click to Share