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Commercial Telematics Market Size, Share, COVID-19 Impact, Growth and Forecast 2021-2026 - IMARC Group

04-02-2021 10:40 AM CET | Logistics & Transport

Press release from: IMARC Group

Commercial Telematics Market Report By IMARC Group

Commercial Telematics Market Report By IMARC Group

According to the latest report by IMARC Group, titled “Commercial Telematics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global commercial telematics market to continue its strong growth during the next five years.

Commercial telematics is a technological solution used for long-distance communication and transmission of information in commercial automobiles. It is used to monitor vehicle location and movement through global positioning systems (GPS) and track automobile diagnostics using on-board diagnostic systems. Commercial telematics also regulates trailers and non-motorized assets and alert fleet managers in case of unauthorized movement. It also provides maintenance insights, insurance risk assessment, and safety tracking. As a result, several insurance providers extensively use commercial telematics to monitor driver behavior for determining risk factors and adjust insurance policies accordingly.

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Market Trends:

The expanding transportation industry in confluence with the adoption of smart transportation systems primarily stimulates the market growth. Additionally, the increasing deployment of digital devices, such as smartphones, laptops, and tablets, has led to the integration of advanced connectivity solutions by the manufacturers. These solutions provide more accurate insights, enhance vehicle efficiency, and enable smart routing and tracking, thereby consequently improving the driving experience. Furthermore, the development of open-source frameworks and other technology-neutral systems to integrate back-end components and technical adjustments in commercial vehicles is another growth-inducing factor. Moreover, the implementation of numerous government policies mandating commercial vehicle tracking, and the advent of video-based telematics, are further anticipated to burgeon the market growth.

Commercial Telematics Market 2021-2026 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

• AirIQ Inc.
• Bridgestone Corporation
• General Motors Company
• Geotab Inc.
• Masternaut Limited. (Michelin)
• Mix Telematics International (Pty) Ltd.
• Octo Telematics
• Omnitracs LLC
• Trimble Inc.
• Verizon Communications Inc.
• Zonar Systems Inc. (Continental AG)

The report has segmented the market on the basis of type, system type, provider type, end use industry and region.

Breakup by Type:

• Solution
o Fleet Tracking and Monitoring
o Driver Management
o Insurance Telematics
o Safety and Compliance
o V2X Solutions
o Others

• Services
o Professional services
o Managed services

Breakup by System Type:

• Embedded
• Tethered
• Smartphone Integrated

Breakup by Provider Type:

• Aftermarket

Breakup by End Use Industry:

• Transportation and Logistics
• Media and Entertainment
• Government and Utilities
• Travel and Tourism
• Construction
• Healthcare
• Others

Explore Full Report with TOC & List of Figure:

Breakup by Region:

• North America
o United States
o Canada
• Asia Pacific
o China
o Japan
o India
o South Korea
o Australia
o Indonesia
o Others
• Europe
o Germany
o France
o United Kingdom
o Italy
o Spain
o Russia
o Others
• Latin America
o Brazil
o Mexico
o Others
• Middle East and Africa
o South Africa
o Turkey
o Saudi Arabia
o Others

Key highlights of the report:

• Market Performance (2015-2020)
• Market Outlook (2021-2026)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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