28.08.2015 Views

COMMERCIAL TELEMATICS MARKET.pdf

  • No tags were found...

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

To Enquire About<br />

the Report Click<br />

Here<br />

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.

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!