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KEY INSIGHTS
With the rising demand for ubiquitous connectivity by the customer, Commercial Telematics throws
up a wide range of opportunities for the various participants in this field to gain a strong foot-hold
over the market. Some of the key market trends seen over the years are:
Growth of Privacy and security in the communication systems is set to propel
adoption of remote assistance and user based insurance services.
Sensors and Navigation System components of the Commercial Automotive
Telematics Market registered the maximum revenue
Though the U.S. is still the major market, other developing countries like China
which produces the highest number of commercial vehicles in the world are rapidly
gaining ground in the telematics market.
The Usage-based-Insurance
(UBI)
concept
is
fast
catching
up
in
Europe (especially Western Europe) and could become a major contributor to the
overall telematics industry.
The major recent acquisitions in this market were made by Descartes System
Groups. The company acquired two U.K based regional players, BearWare, Inc. a
mobile solution provider and MK Data services, LLC trade data & solutions
provider.