Commercial Vehicle Telematics Market: Insights and Outlook

According to a new report "Commercial Vehicle Telematics Market by Solution (Fleet Tracking and Monitoring, Driver Management, Insurance Telematics, Safety and Compliance, and V2X Solutions), Service, Provider Type, Vertical, and Region - Global Forecast to 2022", published by MarketsandMarkets, the Commercial Vehicle Telematics Market size is expected to grow from USD 7.31 Billion in 2017 to USD 18.43 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 20.3%.

Browse 81 Market Data Tables and 34 Figures spread through 148 Pages and in-depth TOC on "Commercial Vehicle Telematics Market”Ask for Report Brochure@ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=22050839The major driver of the Commercial Vehicle Telematics Market is the increasing adoption for the Next-Generation Telematics Protocol (NGTP) enhancing telematics service delivery, proliferation of telematics technology due to decreasing sensor and connectivity cost, growing government mandate for deploying vehicle tracking in commercial vehicles, and rising demand for smartphones supplements the adoption of telematics solutions and services.Safety and compliance solutions are expected to grow at the fastest rate in the Commercial Vehicle Telematics Market during the forecast period.Safety and compliance solutions are expected to drive the market growth since the safety and security aspect has been one of the initial functionalities of the commercial vehicle telematics.

Solution providers offer solutions which integrate the compliance aspect into solutions to facilitate speed control, timeline reporting, laws and regulation control and others to incorporate government mandates and regulations of commercial vehicle telematics technology.Professional services segment is expected to have the largest market share during the forecast period.The professional services segment is expected to have the largest market share during the forecast period owing to the increased deployment of smart solutions which requires technological consulting, and continuous support and maintenance activities.

Moreover, government bodies normally prefer professional services vendors over managed services vendors to keep a tight control over the business operations, such as deployment and support and maintenance.North America is expected to hold the largest market share in the Commercial Vehicle Telematics Market during the forecast period.As per the geographic analysis, North America is estimated to hold the largest market share during the forecast period.

North America constitutes of developed economies such as US and Canada.

Moreover, government regulations, policies and mandates for the different application of commercial vehicle telematics is expected to drive the market growth in North America.Request Sample Pages of this report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=22050839The major vendors covered in the Commercial Vehicle Telematics Market include PTC, Inc. (US), Trimble Inc. (US), TomTom Telematics BV (Netherlands), Verizon Telematics, Inc. (US), MiX Telematics International (Pty) Ltd (South Africa), Zonar Systems, Inc. (US), Octo Telematics Ltd. (UK), Omnitracs, LLC (US), Masternaut Limited (UK), Microlise Limited (UK), Inseego Corporation (US), and Volkwagen Commercial Vehicles (UK).About MarketsandMarkets™MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.

Industry OVERVIEW OF Commercial Vehicle Telematics MARKET 2020 TO 2026:The market intelligence report on the Global Commercial Vehicle Telematics Market offers accurate insights into the industry relating to the leading segments, product types, applications, and the leading geographic regions studied in this report, along with the market value, capacity, production, consumption, gross revenue, market dynamics, and forecast until the year 2026.

The Global Commercial Vehicle Telematics Market is expected to deliver a steady growth rate in the forecast duration from 2020 to 2026.

Additionally, the report also gives a historical analysis of the market to use that data to predict future growth trends.In market segmentation by manufacturers, the report covers the following companies-Trimble Inc., Verizon Telematics Inc., PTC Inc., OCTO telematics Ltd., TomTom Telematics Bv, Omnitracs LLC, Volkswagen Commercial Vehicle, Inseego Corporation, Masternaut Ltd., and Zonar Systems Inc., among OthersFurthermore, the research report projects the changes in the supply-demand dynamics, market value, market competition, leading market players, and market estimations from 2020 to 2026.

The report has been created after analyzing its essential information in the overall Global Commercial Vehicle Telematics market 2020, the vital market aspects influencing the market growth in the coming years.

Our team of expert analysts has scrutinized the Commercial Vehicle Telematics market report by referring to the data provided by leading companies.In market segmentation by types of Commercial Vehicle Telematics, the report covers-Offering Outlook (Revenue, USD Million; 2016-2026)Fleet Tracking & MonitoringSafety & SecurityDriver ManagementInsurance TelematicsOthersProduct Type Outlook (Revenue, USD Million; 2016-2026)RetrofittedEmbeddedProvider Type Outlook (Revenue, USD Million; 2016-2026)OEMAftermarketVehicle Type Outlook (Revenue, USD Million; 2016-2026)Light Commercial VehiclesMedium & Heavy Commercial VehiclesThe following years are used in this study to estimate the size of the Commercial Vehicle Telematics market:Historical year: 2016-2018Base year: 2019Estimated year: 2020Forecast years: 2020 to 2026Scope of the Research:The report offers an in-depth assessment of the competitive scenario, taking into consideration the market shares held by leading companies.

It also discusses the supply-demand dynamics and key participants with vital business intelligence and helps them with a research-backed forecast for the global Commercial Vehicle Telematics market.The evaluation includes the forecast, a summary of the competitive landscape, the market shares of competitors, as well as the market trends, demands, opportunities and challenges existing in the sector, and elaborate product analysis.

A new market research report on Global Commercial Vehicle Telematics Market has been recently published by Reports and Data that offers a comprehensive evaluation of market report.

The report aims to provide an accurate insight into the current and emerging trends of the market.

In addition, the report covers technological developments, market value analysis, volume, micro and macro-economic factors affecting the growth of the market.The research study comprises of vital information focusing on major market trends and estimated revenue growth rate.

Additionally, the report highlights the market competition including the portfolios and strategic alliances and endeavors of the key competitors.

It focuses on the mergers and acquisitions, joint ventures, partnerships, collaborations, product launches, brand promotions, and agreements, among others.

The report also offers key insights about top companies in the market along with their company overview, business expansion plans, financial standing, production and manufacturing capacity, and global position.Key companies operating in the market include: Trimble Inc., Verizon Telematics Inc., PTC Inc., OCTO telematics Ltd., TomTom Telematics Bv, Omnitracs LLC, Volkswagen Commercial Vehicle, Inseego Corporation, Masternaut Ltd., and Zonar Systems Inc., among others.Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/2313The report provides comprehensive details about the market with respect to overall revenue, sales and consumption, pricing trends, gross margins, growth rate, and market size.

The global Commercial Telematics Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2020-2027.

Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.

The major players in the commercial telematics market include Cartrack, Daimler Fleetboard GmbH, Fleet Complete, Geotab Inc., Microlise, Masternaut Limited, Mix Telematics, Navistar Inc., Omnitracs, TomTom International BV, Trimble Inc., Verizon Connect, Zonar Systems,.

This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Commercial Telematics Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/commercial-telematics-market/download-sampleMarket DynamicsThe global commercial telematics market is expected to witness significant growth owing to the growth of the transportation industry and the growing demand for connected automobiles in order to ensure efficient fleet management and logistic systems.

Acceptance of smart transport systems and extensive use of digital gadgets like smartphones, tablets, and laptops will further stimulate market growth.

Other factors that contribute to the market growth are technological advancements in commercial telematics, for example, NGTP and favorable policies by the government.