COMMERCIAL TELEMATICS MARKET.pdf
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KEY INSIGHTS<br />
With the rising demand for ubiquitous connectivity by the customer, Commercial Telematics throws<br />
up a wide range of opportunities for the various participants in this field to gain a strong foot-hold<br />
over the market. Some of the key market trends seen over the years are:<br />
Growth of Privacy and security in the communication systems is set to propel<br />
adoption of remote assistance and user based insurance services.<br />
Sensors and Navigation System components of the Commercial Automotive<br />
Telematics Market registered the maximum revenue<br />
Though the U.S. is still the major market, other developing countries like China<br />
which produces the highest number of commercial vehicles in the world are rapidly<br />
gaining ground in the telematics market.<br />
The Usage-based-Insurance (UBI) concept is fast catching up in<br />
Europe (especially Western Europe) and could become a major contributor to the<br />
overall telematics industry.<br />
The major recent acquisitions in this market were made by Descartes System<br />
Groups. The company acquired two U.K based regional players, BearWare, Inc. a<br />
mobile solution provider and MK Data services, LLC trade data & solutions<br />
provider.