According “Global Commercial Telematics Market” report by Allied Market Research global commercial telematics market is expected to reach $ 49 120 mln by 2020 with the estimated annual average growth rate at 18,4%.
The major automotive manufacturers are now focused on the development and implementation of telematics solutions into their vehicles.
Aftermarket fleet and asset management will become the most profitable among telematics solutions segments in terms of ROI. Countries like China, Brazil and the USA legislate telematic solutions implementation.
As a whole telematic industry made its way from traditional navigational services to the extended vehicle tracking and fleet management based on traffic, locations and even weather conditions.
Today the scope of telematic services is wide like never before: healthcare, insurance, logistics, media and entertainment. Following the previous years the relative share of transport and logistics segment remains the largest compared to overall market size and the most prospective for the receipt of income from end-customer segment, considering the necessity for vehicle diagnostics and tracing, and the emerging interest in the areas of healthcare and insurance.
Here are some major findings by Allied Market Research:
A scalable and easy-to-deploy architecture for a fleet management or GPS monitoring web application.
An overview of IoT-related technologies that will be shaping the future of our connected world in the years to come