The study includes an analysis of drivers, restraints, opportunities and competition, in the key geographies which include In North America, Europe, Asia-Pacific (OPAC) and Latin America,Middle East, Australia (LAME). To view the report, visit the website at http://www. Ultraconservatives. Com/ commercial-telemetric-market Aftermarket, a segment categorized on the basis of type of telemetric, Is expected to grow swiftly and remain the largest revenue generator, contributing to over 50% of the total market revenue throughout the forecast period (2014-2020).
In addition, let/asset management as an application segment, is the highest revenue- generating solution, contributing about 50% of the total commercial telemetric solutions market revenue. In certain economies like Brazil and China, the government legislations mandate the adoption of telemetric given the rising concern of vehicle tracking and safety and security, thereby driving the demand for telemetric solutions. Telemetric Industry has grown from traditional navigation services to broadened scope In vehicle tracking, monitoring, fleet management, location-based services and traffic and weather information.
The report segments the market by type biz. , automotive MEMO and aftermarket. Among these, the automotive MEMO is expected to grow at a higher rate given the technological alliance between telemetric service providers and device manufacturers due to its varied application in many verticals including healthcare, media and entertainment, Insurance and logistics. Transportation and logistic segment Is observed to have the largest share In the total market size by revenue in 201 3 and will remain the largest revenue-generating end user segment given the need for vehicle diagnostics and vehicle tracking etc.
The technology is also witnessing increased adoption from sectors such as insurance and healthcare. Key findings of the study: The growth of the global commercial telemetric market would be supplemented by the Increased adoption across key sectors such as Logistics and transportation, – 2020) The need for vehicle tracing, safety and security, government regulations would continue to positively drive the global commercial telemetric market over the analysis period (2014-2020) Fleet/Asset management solution is one of the most prominent solutions present in the market.
It led the market with a share of almost 50% of the global telemetric market, followed by Insurance telemetric solution and expected to remain dominant in our analyses period. Asia-Pacific as well as LAME is forecast to be one of the most lucrative markets, in terms of growth given the supportive government regulations and the growing automotive market The report also outlines the competitive environment of the commercial telemetric market, providing a comprehensive comparative study of the key organic and inorganic strategies that the market leaders are adopting to achieve an edge over heir competitors.
In addition to the product launches, the companies are adopting alliance and partnership as key strategy to gain a higher market share. Companies such as AT&T, Herman and Tomato have collaborated with different industry experts to gain access to the market and technologies. Prominent companies profiled in the report include Verizon, Herman, Tomato, AT&T, Avoidance, Ford Motors, BMW, Telephonic, Mix Telemetric and Tremble Navigation Ltd. About Us: Allied Market Research (MAR) is a full-service market research and business- consulting wing of Allied Analytics ALP based Neapolitan, Oregon.
Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions”. MAR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting.