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Telematics Market by Solutions and Services Expected to Reach $39.15 Billion by 2019 - New Report by MarketsandMarkets
  • USA - English


News provided by

MarketsandMarkets

Aug 12, 2014, 13:00 ET

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MarketsandMarkets
MarketsandMarkets

(PRWEB) August 12, 2014 -- The report "Commercial Telematics Market [OEM & Aftermarket, Solutions (Fleet Management, Navigation & Location Based, Infotainment, V2V, V2I, Insurance, Telehealth, Alarm Monitoring), Professional Services] - Global Market Forecasts & Analysis - 2019", segments the global market into various sub-segments with in-depth analysis and forecasting of revenues. It also identifies the drivers and restraints for this market with insights into trends, opportunities and challenges.

Major Key players in Commercial Telematics Market are Volvo, General Motors, Caterpillar, Komatsu Komtrax, BMW, Philips, and Ford. Telogis, Masternaut,and many more.

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Browse 62 market data Tables and 30 Figures spread through 169 Pages and in-depth TOC on "Commercial Telematics Market"
http://www.marketsandmarkets.com/Market-Reports/commercial-telematics-market-22050839.html

Early buyers will receive 10% customization on this report.

Purchase Report Today!
http://www.marketsandmarkets.com/Purchase/purchase_report1.asp?id=22050839

Commercial telematics is gaining momentum due to the growing consumer awareness about safety, increase in usage of electrical vehicles, strict government regulations, and new innovations in connectivity technologies. Primarily, the telematics market was used only for safety and security solutions. However, there has been a paradigm shift in its applications. Gradually, its usage has reached a variety of other applications such as remote diagnostics, predictive maintenance of vehicles and heavy equipments, health monitoring, and remote medicine administration.

Telematics market is rapidly moving towards an intelligent, addressable, and embeddable device which enables seamless communication between devices. The emergence of embeddable devices has raised the telematics capabilities across a wide spectrum of industries. These devices enable real-time control and monitoring to take preventive actions in case of any anomalies. The capability to provide real-time analytics and fulfill demand-based load generation makes these devices unique and beneficial.

Telematics systems are broadly classified by two vendor segments: OEMs and aftermarket solution providers. The OEMs primarily focus on building embedded modules, which can attend to and control the entire system failures and can alert the users in advance. These OEMs also primarily focus on applications such as remote diagnostics and infotainment. This enriches user experience and reduces the extra cost. Aftermarket solution providers are engaged in providing services such as emergency response, roadside assistance, turn-by turn-navigation, and curbside assistance.

The telematics market for the insurance and healthcare industries is anticipated to grow steadily in the next few years. This is due to the rapid development in connectivity solutions such as wireless and cellular modules, and the use of predictive analysis. Thus, enabling the end user to reduce cost, and enhance the operational efficiency.

The overall market is expected to increase continuously, while North America continues to dominate the market. Western Europe, Japan, China and Brazil are identified to have huge potential, primarily due to the upcoming government regulations.

Inquire Before Buying @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=22050839.

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http://www.marketsandmarkets.com/Market-Reports/fleet-management-systems-market-1020.html

Transportation Management Market [Transportation Management System, Fleet Management Solutions, Freight Audit & Payment, Route Planning & Optimization, Managed Services, Business Services] - Global Advancements, Forecasts and Analysis – 2019
http://www.marketsandmarkets.com/Market-Reports/transportation-management-market-232446179.html

About MarketsandMarkets

MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.

MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers thirteen industry verticals, including advanced materials, automotive and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and Telecommunications and IT.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
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17304, Preston Road,
Suite 800, Dallas, TX 75252
Tel: +1-888-600-6441
Email: sales(at)marketsandmarkets(dot)com
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/telecom-it
Telecom and IT Market Research Reports http://www.marketsandmarkets.com/telecom-and-IT-market-research-113.html

Mr. Rohan, MarketsandMarkets, http://www.marketsandmarkets.com/, +91 9881155004, [email protected]

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