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Telematics Services Market Intelligence with Competitive Landscape 2018

09-22-2017 05:43 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
Telematics Services Market Intelligence with Competitive

Telematics is the branch of science that deals with the long distance communication of computerized information. It is the blending of telecommunication and informatics for achieving effective and secured communication. This tremendous growth in telematics services is expected to be the outcome of growing demand for electric vehicles. Telematics market is also witnessing increasing demand due to introduction of cloud based offerings in vehicle telematics. However, decrease in the cost of telematics equipments is the major challenge currently faced by this industry. 
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Increasing collaboration between vehicle manufacturing companies and telematics vendors is one of the major reasons contributing to the growth of telematics services industry. Next generation vehicle telematics application such as automatic vehicle identifier systems, fleet operation management systems, remote vehicle diagnostics, incident detection systems, and in-vehicle terminal assistance are expected to increase the demand of telematics services in vehicle manufacturing industry. Rising awareness amongst consumers over the need and importance of telematics services will drive the market demand in upcoming years. Need of effective vehicle tracking systems is further expected to drive the demand of telematics services in diverse application areas such as emergency service vehicles, public transport (taxis), cargo delivery, and others. 
 
Growing popularity of GPS enabled smart phones can pose a challenge to the growth of this industry. Smart phones are consuming an important share in world telematics market and these phones provide multiple functionalities of telematics systems. Currently, the U.S. and Europe accounts for the majority of global telematics services market due to stringent regulations from government to have vehicles equipped with emergency services. Further growth of this industry is expected to be driven by widespread use of this technology in emerging economies and extended support from governments to promote vehicular telematics. 
 
Some of the key players of this market include AirIQ, ETAS Group, OnStar Corporation, QUALCOMM, ATX Group, WebTech Wireless, and Wireless Matrix Corporation, Punch Telematix, MinorPlanet Systems, among others.
 
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This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include 
North America 
Asia Pacific 
Europe
Rest of the World  
 
This report provides comprehensive analysis of 
Market growth drivers 
Factors limiting market growth
Current market trends 
Market structure
Market projections for upcoming years 

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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