TechNavio today launched its report Global Commercial Vehicle Telematics Market 2011-2015 based on an in-depth study covering the North America, APAC, Europe, Rest of the World and Latin America regions. The report aims to aid decision makers’ understanding of the significant trends impacting this market.
Commenting on the report, an analyst from TechNavio’s Automotive team said: ”The increasing usage of cloud-based telematics is a major trend that is expected to positively influence the Global Commercial Vehicle Telematics market. With the advent of cloud computing technology that offers huge space for data storage, easy access, and security, embedded cloud computing is evolving in commercial vehicle telematics. Providing updated data for navigation systems is becoming a problem, because of which vendors are moving toward cloud-based telematics such as Google maps to stay updated. The devices with on-board digital maps and content will be able to operate on a stand-alone basis; the use of cloud-based navigation content will provide better performance and accuracy. With easy integration and efficient scalability of embedded telematics with cloud computing technology, there is a trend of shifting toward cloud-based telematics.”
According to the report, the increasing fleet tracking and trailer tracking system subscriptions is one of the major growth drivers of the Global Commercial Vehicle Telematics market. Fleet tracking and trailer tracking systems allow the users to send, obtain, and store data from telematics devices by incorporating telecommunications and information. In addition, the increasing usage of fleet tracking and trailer tracking systems in the Smaller Fleet segment and the Non-trucking segment is propelling the demand for telematics, leading to the growth of the Global Commercial Vehicle Telematics market. Global fleet tracking and trailer tracking system subscriptions are expected to increase massively by 2015. These increasing subscriptions directly influence the growth of the Global Commercial Vehicle Telematics market.
Further, the report discusses that the high cost of telematics, which increases the overall cost of automobiles, is a challenge faced by the market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players. For further information on this report, please visit http://goo.gl/718a5
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For more information on our Automotive market research, please visit https://www.technavio.com/automotive
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TechNavio Announces the Publication of its Report – Global Commercial Vehicle Telematics Market 2011-2015
