DUBLIN--(BUSINESS WIRE)--The "Global Commercial Vehicle Telematics Market 2017-2021" report has been added to ResearchAndMarkets.com's offering.
Global commercial vehicle telematics market to grow at a CAGR of 14.19% during the period 2017-2021.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
According to the report, one driver in the market is high demand for fleet management solutions in the logistics sector. The growth in the logistics sector has led to the demand for the efficient fleet management services to reduce the delivery time. The adoption of telematics systems leads to the reduction in the fuel expenses. Fleet management solutions help in the reduction of the empty runs, and thus, reduce the operational cost. As a result, the fleet management solutions are adopted by several fleet owners to reduce the overall vehicle downtime. This has also fostered the evolution of the fleet management solutions over the years. Earlier, the fleet management solutions used to offer basic telematics services such as fleet tracking with GPS and geographical information systems (GIS).
One trend in the market is growing adoption of usage-based insurance (UBI) model. Further, the report states that one challenge in the market is issues arising due to data insecurity.
Other Prominent Vendors
- Magneti Marelli
- Octo Telematics
Key Topics Covered
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Market Segmentation by Vehicle Type
Part 07: Geographical Segmentation
Part 08: Market Segmentation by Fitment Type
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Key Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/lxqlnb/global_commercial?w=4