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Commercial telematics Market: Recent Market Trends and Projected Market Size by 2018 – 2022

Global Commercial Telematics Market, By Type (Vehicle Telematics, Fleet Telematics, Insurance Telematics), By End-Users- Forecast 2023

(PresseBox) (Magarpatta, )
Market Highlights

The study reveals that commercial telematics is trending in North America region. The innovation in technology including video capabilities, artificial intelligence and others, are driving factors for the market growth to the large extent. It helps to collect the information about the people who all are using telematics to manage the fleet without bothering much about the cost. In 2012, Verizon Communications Inc. has acquired of HUGHES Telematics Inc. to provide and accelerate growth through the delivery of advanced automotive, fleet telematics and machine-to-machine services. The majority of applications are automotive navigation, real-time vehicle information, infotainment solutions, and blylkb.

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