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Marine Telematics Market - Telematics Technology Development Benefits Grows Market Value

08-03-2018 05:40 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
Telematics technology is an integration of wireless telecommunication technologies with computers. Such technology is used to obtain and convey information over vast networks to improve the functionality of running businesses with governments. Telematic systems are equipped with the components such as global positioning satellite (GPS) systems and sensors for a variety of applications.

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The drivers of marine telematics market development are the benefits attached with using of such technology in marine industry. The marine transport owners can retrieve location related information about their transport offshore and monitor their movement suitably.

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The telematics technology provides onboard data access to the helmsman about the status of the ship or boat offshore. The knowledge about the functional aspect of nautical equipment obtained using telematic systems can be used by the original equipment manufacturers (OEM) and dealers to provide improved services to the boat and ship owners.

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The intervening factor to such technology market development is the vulnerability of the telematic devices to virus attacks causing tampering of certain features.

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