Estimated Revenue of Consumer Telematics Market From 2016 - 2024 (In million U,S, dollers)

Telematics is the subdivision of Information technology that consolidates computers and wireless telecommunication technologies with a focused goal of efficiently conveying information over a vast and complicated network in order to improve business function or government related public service. However, presently the term has evolved to refer to the automobile systems that combines GPS tracking and other wireless communication for automatic roadside assistance and remote diagnostics. The telematics industry is not limited to automotive application. Other major application are being researched and developed for monitoring water, air pollution and healthcare, medical informatics and for distance learning. Consumer telematics involves a degree of human interaction and are used to provide rapid information access. Consumer telematics are end-user targeted, vehicle-centric ICT and services.

In recent times telematics has brought auto manufacturer and insurance companies into alliance, with both the industry realizing the importance and potential of telematics Automakers found benefits in using telematics as it helps them to maintain the strong trust of the customer in terms of fuel efficiency and safety. On the other hand telematics allow the insurance company to appropriately consider individual driving behavior, that include recording the speed pattern, distance travelled and type of road taken as well as monitoring the brakes that the driver apply therefore evaluating the whole driving style. The robust monitoring, therefore help the insurance company to accurately customize pricing for car insurance.

Request for sample copy of report : https://www.marketresearchreports.biz/sample/sample/1362628

Apart from Insurance and automobile industry, consumer telematics has found its application across various industries including healthcare, media & entertainment, government agencies and vehicle dealers

The market is driven by the significant penetration of smart phones, growing demand for superior driving experience, lowered connectivity cost, high speed internet technologies and supportive government regulation. For instance in certain regions such as Brazil and China, the government legislation makes it mandatory for everyone to adopt telematics in vehicles, given the rising concern related to vehicle tracking and safety and security therefore driving the demand for consumer telematics solution in these regions. Growing demand for big data analytics and related services is also an important factor influencing the growth of the market. Moreover, proliferation of cloud-based services in order to deliver personalized experience to the end-user is also expected to positively impact the market’s demand. However increasing hacking activity, high-cost of consumer telematics equipment and poor internet connectivity in developing economies is expected to pose restraints in the growth of the market. The consumer telematics arena has subtly changed the nature of various industry altogether. Car servicing and big data enabled by telematics had enhanced customer service offerings. Telematics is expected to play a key role in the future of connected cars market as it will help automotive manufacturer to generate revenue during the lifetime of the vehicle rather than just at the time of sale.

The market may be segmented into services offered and solution provided. The solution might include insurance telematics, Infotainment and navigation and location based solution, vehicle to vehicle (V2V) solution that may include wireless vehicle safety communication, emergency warning system for vehicles and vehicle tracking. The services might include consulting, maintenance, integration, deployment and training services.

View full report : https://www.marketresearchreports.biz/reports/1362628/consumer-telematics-global-industry-market-research-reports

Key players in this market are AT&T, TomTom NV, Verizon communication, Vodafone Group PLC, Harman International, Telefonica, S.A., Ford Motors Co., Bayerische Motoren Werke AG, MiX Telematics and Trimble Inc.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis

The regional analysis covers:

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

MRRbiz supports your business intelligence needs with over 700,000 market research reports, company profiles, data books, and regional market data sheets in its repository. Our document database is updated by the hour, which means that you always have access to fresh data spanning over 300 industries and their sub-segments. We have built a veritable reputation for our commitment to fulfilling our clients' exacting market research solutions. From Fortune 500 companies to SMEs, our clients place their trust in us for reports from verified publishers.

State Tower
90 State Street, Suite 700
Albany, NY 12207
United States

Toll Free: 866-997-4948
(USA-Canada)

Tel: +1-518-621-2074
E: sales@marketresearchreports.biz

This release was published on openPR.