DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/qdlhqq/global_commercial) has announced the addition of the "Global Commercial Vehicle Telematics Market 2014-2018" report to their offering.
The Global Commercial Vehicle Telematics market to grow at a CAGR of 16.57% over the period 2013-2018
The increased use of cloud-based telematics makes the telematics devices more dynamic. Embedded cloud computing offering large space for data storage, easy access, and security is evolving in commercial vehicle telematics. Cloud-based telematics such as Google Maps with on-board digital maps and content will be able to operate on a standalone basis; the use of cloud-based navigation content will provide better performance and accuracy.
According to the report, need for efficient data management is one of the main factors driving this market. The demand for telematics systems to handle the data effectively is growing. Fleet operators receive data related to daily operations through various channels such as documents from their workers and technicians, bills for fuel consumed, and reports such as work order performance. They need to collect these data and use them effectively to manage their fleets. Therefore, fleet operators are progressively using telematics systems to effectively handle their data as this also helps in decision making.
Further, the report states that the high cost of telematics systems is a major concern for telematics system manufacturers. These high costs result in an increase in the overall cost of the vehicle, which hinders the growth prospects of the market.
The three types of commercial vehicle telematics systems available in the market are:
- Embedded telematics systems
- Portable telematics systems
Smartphone-based telematics systems.
The report discusses fleet operation costs and benefits of fleet management systems, along with the cost distribution of different types of commercial telematics systems.
- Fleetmatics Group
- MiX Telematics
- TomTom International
- Trimble Navigation
Key Topics Covered:
- Executive Summary
- Scope of the Report
- Market Research Methodology
- Market Landscape
- Global Chelating Agents Market
- Market Segmentation by Application
- Market Segmentation by Product
- Geographical Segmentation
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/qdlhqq/global_commercial