A new market research report on Global Commercial Vehicle Telematics Market has been recently published by Reports and Data that offers a comprehensive evaluation of market report. The study provides a comprehensive qualitative and quantitative analysis of the factors affecting the market with an aim to provide an in-depth analysis of the growth trend of the market. The report aims to provide an accurate insight into the current and emerging trends of the market. In addition, the report covers technological developments, market value analysis, volume, micro and macro-economic factors affecting the growth of the market.
The research study comprises of vital information focusing on major market trends and estimated revenue growth rate. Additionally, the report highlights the market competition including the portfolios and strategic alliances and endeavors of the key competitors. It focuses on the mergers and acquisitions, joint ventures, partnerships, collaborations, product launches, brand promotions, and agreements, among others. The report also offers key insights about top companies in the market along with their company overview, business expansion plans, financial standing, production and manufacturing capacity, and global position.
Key companies operating in the market include: Trimble Inc., Verizon Telematics Inc., PTC Inc., OCTO telematics Ltd., TomTom Telematics Bv, Omnitracs LLC, Volkswagen Commercial Vehicle, Inseego Corporation, Masternaut Ltd., and Zonar Systems Inc., among others.
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The report provides comprehensive details about the market with respect to overall revenue, sales and consumption, pricing trends, gross margins, growth rate, and market size. The report also provides an extensive analysis of key regions where the market has established its presence. The report covers major geographical regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. A country-wise analysis is also included to offer better insights into regional spread of the Commercial Vehicle Telematics market.
Based on types, the Commercial Vehicle Telematics market has been segmented into: Product Type Outlook, Retrofitted, Embedded, Provider Type Outlook, OEM, Aftermarket, Vehicle Type Outlook, Light Commercial Vehicles, Medium & Heavy Commercial Vehicles
Based on application, the Commercial Vehicle Telematics market has been segmented into: Transportation & Logistics
Travel & Tourism, Media & Entertainment, Healthcare, Government & Utilities, Others.
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Key Points Addressed in the Report:
- Market revenue shares by major business players, by type, by application, and market scope of global Commercial Vehicle Telematics market
- Competitive analysis of the key players including aspects such as company overview, product or services specification, vendors, and buyers
- Recent mergers, acquisitions, product launches, recent investments, and joint ventures
- SWOT analysis and Porter’s Five Forces analysis along with feasibility analysis and investment return analysis
- Strategic recommendation to key players and new entrants to overcome barriers in the global market
- 8-year forecast of Commercial Vehicle Telematics market along with analysis of global trends, economic scenario, and key opportunities
- In-depth analysis of major challenges, restraints, limitations, along with drivers, growth prospects, and opportunities
- Regional analysis and country-wise analysis to provide better understanding of the global market
- Extensive study of key product types and applications offered by the industry
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According to a new report "Commercial Vehicle Telematics Market by Solution (Fleet Tracking and Monitoring, Driver Management, Insurance Telematics, Safety and Compliance, and V2X Solutions), Service, Provider Type, Vertical, and Region - Global Forecast to 2022", published by MarketsandMarkets, the Commercial Vehicle Telematics Market size is expected to grow from USD 7.31 Billion in 2017 to USD 18.43 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 20.3%.
Browse 81 Market Data Tables and 34 Figures spread through 148 Pages and in-depth TOC on "Commercial Vehicle Telematics Market”Ask for Report Brochure@ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=22050839The major driver of the Commercial Vehicle Telematics Market is the increasing adoption for the Next-Generation Telematics Protocol (NGTP) enhancing telematics service delivery, proliferation of telematics technology due to decreasing sensor and connectivity cost, growing government mandate for deploying vehicle tracking in commercial vehicles, and rising demand for smartphones supplements the adoption of telematics solutions and services.Safety and compliance solutions are expected to grow at the fastest rate in the Commercial Vehicle Telematics Market during the forecast period.Safety and compliance solutions are expected to drive the market growth since the safety and security aspect has been one of the initial functionalities of the commercial vehicle telematics.
Solution providers offer solutions which integrate the compliance aspect into solutions to facilitate speed control, timeline reporting, laws and regulation control and others to incorporate government mandates and regulations of commercial vehicle telematics technology.Professional services segment is expected to have the largest market share during the forecast period.The professional services segment is expected to have the largest market share during the forecast period owing to the increased deployment of smart solutions which requires technological consulting, and continuous support and maintenance activities.
Moreover, government bodies normally prefer professional services vendors over managed services vendors to keep a tight control over the business operations, such as deployment and support and maintenance.North America is expected to hold the largest market share in the Commercial Vehicle Telematics Market during the forecast period.As per the geographic analysis, North America is estimated to hold the largest market share during the forecast period.
North America constitutes of developed economies such as US and Canada.
Moreover, government regulations, policies and mandates for the different application of commercial vehicle telematics is expected to drive the market growth in North America.Request Sample Pages of this report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=22050839The major vendors covered in the Commercial Vehicle Telematics Market include PTC, Inc. (US), Trimble Inc. (US), TomTom Telematics BV (Netherlands), Verizon Telematics, Inc. (US), MiX Telematics International (Pty) Ltd (South Africa), Zonar Systems, Inc. (US), Octo Telematics Ltd. (UK), Omnitracs, LLC (US), Masternaut Limited (UK), Microlise Limited (UK), Inseego Corporation (US), and Volkwagen Commercial Vehicles (UK).About MarketsandMarkets™MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.
