The global commercial telematics market is anticipated to grow at a considerable CAGR of 15.8% during the forecast period (2020-2026). 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.
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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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A full Report of Global Commercial Telematics Market is Available at: https://www.omrglobal.com/industry-reports/commercial-telematics-market
Market Coverage
- The market number available for – 2019-2026
- Base year- 2019
- Forecast period- 2020-2026
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
Global Commercial Telematics Market Segmentation
By Type
- Original Equipment Manufacturer (Oem)
- Fully Embedded Oem Systems
- Hybrid Oem Systems
- After Market Telematics
- Embedded
- Portable
- Others
By Solution
- Navigation and Location Based Systems
- Fleet/Asset Management
- Infotainment Systems
- Compliance
- Remote Alarm and Monitoring Solutions
- V2v And V2x Systems
- Safety and Security
- Telehealth Solutions
- Others
By End User
- Insurance
- Government and Utilities
- Safety and Security
- Healthcare
- Media and Entertainment
- Logistics and Distribution
- Manufacturing
- Automotive
Competitive Landscape
- Key Stratergy Analysis
- Key Company Analysis
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
