Rising Market Penetration Of Smart Phones™
Commercial telematics is used in a remote patient monitoring telehealth variety of applications such as infotainment, insurance telematics, fleet/asset management, satellite navigation, telehealth solutions, and others like including emergency warning systems. Commercial telematics are fleet- and trucking-segment-targeted automotive information and communication technologies to use embedded technology and mobile & aftermarket devices. Commercial telematics is used in number of end-use industries such as healthcare, construction, transportation and logistics, government and utilities, insurance, and manufacturing. Increasing demand for connectivity and increasing application across various industries, mainly in the healthcare and insurance sector are expected to be the major drivers for the global commercial telematics market. Rising market penetration of smart phones, reducing connectivity cost, accessibility of high speed internet technologies is expected to support the commercial telematics market growth in the near future. However, high cost of telematics equipment and lack of awareness may curb the demand for commercial telematics within the forecast period. The commercial telematics market is segmented on the basis of different types including OEM telematics and aftermarket telematics. The commercial telematics market is segmented into applications such as insurance telematics, fleet / asset management, satellite navigation, infotainment, remote alarm and monitoring, telehealth solutions and others. Commercial telematics market was dominated by transportation and logistics segment in 2015 and which accounted for more than 54% share of the overall market. Insurance and healthcare is expected to witness the significant growth in the years to come. North America acquired the majority of share for commercial telematics market due to the demand for transportation and logistics. Europe is expected to be the fastest growing region in next few years. Demand from countries such as Japan, China, India, and Australia is anticipated to drive the Asia Pacific commercial telematics market in the years to come. Some of the key players in commercial telematics market include AT&T, Verizon Communications Inc., MiX Telematics Ltd., Trimble Navigation Limited, TomTom, OnStar LLC.,BMW, Verizon, and Telefonica. Zion Market Research 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. Zion Market Research experienced team of Analysts, Researchers, and Consultants uses proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
