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Commercial Vehicle Telematics Market to Reach $18.4 Billion by 2022 - Analysis by Solution (Fleet Tracking and Monitoring, Driver Management, Insurance Telematics, Compliance & V2X Solutions) - Research and MarketsThe "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" report has been added to Research and Markets' offering. 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%. The major driver for the upsurge in demand in the commercial vehicle telematics market includes growing government mandate for deploying vehicle tracking in commercial vehicles. The restraining factors include increased communication leading to security and privacy concern which affects and halts the growth of the commercial vehicle telematics market. The fleet tracking and monitoring solution also enables instant access to important vehicle information encompassing location tracking, remote diagnostics, engine redictive maintenance, and fuel management. The growth of this solution is attributed to its increased adoption by the fleet managers to optimize the operations of their commercial fleets. The solution also saves time and increase safety and security of the commercial fleet. As per the geographic analysis, the APAC region is expected to witness the fastest growth in the commercial vehicle telematics market due to untapped potential markets, high penetration for advanced technology, growing commercial vehicles' usage in various industries, economic developments and government regulations. Companies Mentioned
Key Topics Covered: 1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights 5 Market Overview 6 Commercial Vehicle Telematics Market Analysis, By Type 7 Commercial Vehicle Telematics Market Analysis, By Provider Type 8 Commercial Vehicle Telematics Market Analysis, By Vertical 9 Geographic Analysis 10 Competitive Landscape 11 Company Profiles For more information about this report visit https://www.researchandmarkets.com/research/whxf3x/commercial View source version on businesswire.com: http://www.businesswire.com/news/home/20170719006100/en/ |
