Chicago, IL -- (SBWIRE) -- 08/18/2017 -- Telematics are considered as the cornerstone of proficient logistic systems and fleet management systems. They are actually information as well as telecommunication products couple with computers and telecommunication services for transmitting large no. of data in vehicles in real-time. The market of commercial vehicle telematics includes telematics used by medium, light and heavy commercial vehicles. All the most efficient automotive manufacturers around the global are now focusing on implementing and developing the telematics based on the concept of vehicles. Today, manufacturers of vehicles provide unique connectivity solutions for better tracking and monitoring.

The report on the global commercial vehicle telematics market uses the top-down and bottom-up approaches to define, analyze, and describe the market trends for the next five years. The report also tracks the emerging applications, innovative technologies, and mergers & acquisitions. It also focuses on the growth drivers and restraints for the key market players during the forecast period.

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Regionally, the global market for commercial vehicle telematics is segmented as Europe, Latin America, Asia-Pacific, Middle East & Africa and North America. Among these, Asia Pacific is anticipated to observe maximum growth in the market for commercial vehicle telematics over the forecast period owing to strength of untapped market, escalating awareness associated with the safety of driver as well as accident prevention, upcoming rules for improving road safety, existence of top OEM players, rising logistics and transportation industries, and introduction of 4G LTE technology as well as smart phones.

MARKET SEGMENTATION

This report analyzes the commercial vehicle telematics market by the following segments:

Commercial Vehicle Telematics Market, by Type

1. Solution
2. Service

Commercial Vehicle Telematics Market, by Provider Type

1. OEM
2. After Market

Commercial Vehicle Telematics Market, by Vertical

1. Transportation and Logistics
2. Media and Entertainment
3. Government and Utilities
4. Travel and Tourism
5. Construction
6. Healthcare
7. Education

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