Commercial Telematics Market by Type (Solution, Services), by Vertical (Transportation & Logistics, Government & Utilities, Healthcare), Geography, and Forecast
Commercial Telematics Market Size and Forecast
Commercial Telematics Market was valued at USD 11.14 Billion in 2020 and is projected to reach USD 50.84 Billion by 2027, growing at a CAGR of 20.78% from 2020 to 2027.
Global Commercial Telematics Market Overview
The Automotive Telematics Market is experiencing tremendous growth owing to the adaption of the autonomous vehicle in response to the innovations in the technology. The new trend of integrating cameras in a commercial vehicle as part of conventional fleet telematics is fueling the growth of the market. Moreover, the demand for improved vehicle performance and data diagnostic for interpretation is imposing a positive outlook on the market growth. Rising fuel prices coupled with technological advancements in mobile connectivity across the commercial fleet segment likely to provide lucrative opportunities for the market to grow over the period.
Global Commercial Telematics Market: Segmentation Analysis
Global Commercial Telematics Market is segmented based on Type, Vertical, and Geography.
Key Players In Commercial Telematics Market
The Global Commercial Telematics Market study report will provide a valuable insight with an emphasis on the global market. The major players in the market are TomTom Telematics BV, Verizon Telematics, Inc., Masternaut Limited, Microlise Group Ltd., Volkswagen Commercial Vehicles, Trimble Inc., PTC, Inc., and others. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
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