Commercial Telematics Market ? Evolving Technology Trends and Industry SWOT?Anal

Posted by RASHMI on March 26th, 2019

The commercial telematics market has gained significant momentum in recent years due to the features and services offered by telematics solutions. This report provides a comprehensive strategic analysis of the global market for commercial telematics along with the market size and growth forecast for the period 2012 - 2020. Commercial telematics broadly refers to a system using which an electronic or mechanical device communicates with other devices or human users with the help of a telecommunication network.

Factors such as government regulations for mandatory use of telematics technology, wide adoption of commercial telematics across various industries including insurance and infotainment, and increasing partnerships between automobile manufacturers and telematics service providers has led to the growth of global commercial telematics market.

Furthermore, rising penetration of broadband and high speed long-term evolution (LTE) technologies across the globe and the increasing demand for high-end luxury cars is driving the adoption and demand for commercial telematics.