DUBLIN--(BUSINESS WIRE)--The "Global Commercial Vehicle Telematics Market Insights, Opportunity Analysis, Market Shares and Forecast, 2017 -2023" report has been added to Research and Markets' offering.
The global commercial vehicle telematics market is expected to have a CAGR of about 21% during the forecast period of 2016-2023. Adoption of Next Generation Telematics Protocol (NGTP) in commercial vehicles is adding growth in the global commercial vehicle telematics market. However, concerns regarding security and privacy and lack of standardization are the factors restraining the growth of the global commercial vehicle telematics market during the forecast period.
Geographically, North America accounted for the largest market share in terms of revenue for commercial vehicle telematics market in 2016 and is expected to dominate the market during the forecast period. The dominance of the region is due to the early adoption of telematics technology for commercial vehicle in countries of North America. Furthermore, Asia Pacific is expected to be the fastest growing region for commercial vehicle telematics market during the forecast period. The highest growth rate in the region is due to the contribution of developing countries such as China, Japan, India, South Korea etc. which are the largest producers and manufacturers of automobiles.
Global commercial vehicle telematics market report covers segmentation analysis of type, provider and vertical. Report further covers segments of type which includes service and solution. Sub segments of solution include fleet tracking and monitoring, driver management, insurance telematics, safety and compliance, V2X solutions and other solutions. Safety and compliance solution is expected to dominate the segment during the forecast period owing to concerns regarding safety and security of commercial vehicle telematics. Sub segments of service include professional services and managed services.
- AT&T (U.S.)
- Harman International (U.S.)
- Inseego Corporation (U.S.)
- Mastenaut Limited (U.K.)
- Microlise Group Ltd. (U.K.)
- Mix Telematics International (South Africa)
- Octo Telematics Ltd. (U.K.)
- Omnitracs Llc (U.S.)
- PTC Inc. (U.S.)
- Tomtom Telematics Bv (Netherlands)
- Trimble Inc. (U.S.)
- Trimble Navigation (U.S.)
- Verizon Telematics Inc. (U.S.)
- Volkswagen Commercial Vehicles (U.K.)
Zonar Systems Inc. (U.S.)
Key Topics Covered:
2. Market Overview
3. Market Determinants
4. Market Segmentation
5. Competitive Landscape
6. Geographical Analysis
7. Company Profile
For more information about this report visit https://www.researchandmarkets.com/research/5mmldm/global_commercial