Commercial Telematics Market is anticipated to grow at a considerable CAGR of 15.8% during the forecast period. The increase in technological advancements by the key providers of commercial telematics solutions & services to differentiate their product offerings to remain competitive in the global market is a key factor to drive the growth of the global commercial telematics market. For instance, in February 2021, Bright Box HK Ltd., a telematics solution provider entered into a partnership with My Policy Group, a UK-based provider of services across intermediation, and product design for niche telematics motor insurance. My Policy has launched a usage-based insurance product, JURNY, in which Bright Box and part of Zurich Insurance Group both will be involved to enable rapid growth of the company.
Besides, in February 2021, Skoda Auto introduced a traffication infotainment application, which aims to improve driver safety by alerting drivers about forthcoming traffic hazards, which reduces the chances of road accidents and reducing the risk of wrong-way driving on motorways. This application is available in the models of Skoda including Scala, Kamiq, Karoq, Kodiaq, and others. The application is developed after a long-term collaboration between Skoda and Bosch. Thus, the growing efforts of major market players to make advancements in their solutions to gain competitive position s are anticipated to drive the market growth.
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Market Coverage
- The market number available for – 2021-2029
- Base year- 2021
- Forecast period- 2023-2029
Segment Covered-
- By solution
- By end-user
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Bridgestone Corp., General Motors Co., Verizon Communications Inc., Aplicom Ltd., and Omnitracs LLC
Commercial Telematics Market Report Segment
By Solution
- Fleet Tracking and Monitoring
- Driver Management
- Insurance Telematics
- Safety & Compliance
- V2V and V2X systems
- Others (Fuel Monitoring)
By End-User
- Insurance
- Government and Utilities
- Healthcare
- Media and Entertainment
- Transportation & Logistics
- Others (Manufacturing)
By Distribution Channel
- OEM
- Aftermarket
A full Report of Commercial Telematics Market is Available at: https://www.omrglobal.com/industry-reports/commercial-telematics-market
Commercial Telematics Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East & Africa
Company Profiles
- Actsoft Inc.
- Agero Inc.
- AirIQ Inc.
- Aplicom Ltd.
- Box Telematics Ltd.
- Calapm Corp.
- Ctrack (Inseego Corp.)
- Continental AG
- Geotab Inc.
- GPS Insight
- Infotrack Telematics Plc
- Kore Wireless Group, Inc.
- Mix Telematics Ltd.
- Octo Telematics S.p.A
- ORBCOMM Inc.
- Sprint Telematics Ltd.
- Tantalum Corp.
- ata Motors Ltd.
- Telit Communications Plc Telefonica, S.A.
- WEX Inc.
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