http://www.slideserve.com/Priyankak/commercial-vehicle-telematics-market-worth-18-43-billion-usd-by-2022

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MarketsandMarkets Presents
Commercial Vehicle Telematics Market worth
18.43 Billion USD by 2022 http//www.marketsandma
rkets.com/Market-Reports/commercial-telematics-mar
ket-22050839.html
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The report "Commercial Vehicle Telematics
Market by Solution (Fleet Tracking and
Monitoring, Driver Management, Insurance
Telematics, Safety and Compliance, and V2X
Solutions), Service, Provider Type, Vertical, and
Region - Global Forecast to 2022", The commercial
vehicle telematics market size is expected to
grow from USD 7.31 Billion in 2017 to USD 18.43
Billion by 2022, at a Compound Annual Growth Rate
(CAGR) of 20.3.
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Browse 81 Market Data Tables and 34 Figures
spread through 148 Pages and in-depth TOC
on "Commercial Vehicle Telematics Market by
Solution (Fleet Tracking and Monitoring, Driver
Management, Insurance Telematics, Safety and
Compliance, and V2X Solutions), Service, Provider
Type, Vertical, and Region - Global Forecast to
2022 http//www.marketsandmarkets.com/Market-Rep
orts/commercial-telematics-market-22050839.html E
arly buyers will receive 10 customization on
this report.
 
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The major driver of the commercial vehicle
telematics market is the increasing adoption for
the Next-Generation Telematics Protocol (NGTP)
enhancing telematics service delivery,
proliferation of telematics technology due to
decreasing sensor and connectivity cost, growing
government mandate for deploying vehicle tracking
in commercial vehicles, and rising demand for
smartphones supplements the adoption of
telematics solutions and services.
 
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Commercial Vehicle Telematics Market Breakdown
of Primary Profiles 

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Safety and compliance solutions are expected to
grow at the fastest rate in the commercial
vehicle telematics market during the forecast
period. Safety and compliance solutions are
expected to drive the market growth since the
safety and security aspect has been one of the
initial functionalities of the commercial vehicle
telematics. Solution providers offer solutions
which integrate the compliance aspect into
solutions to facilitate speed control, timeline
reporting, laws and regulation control and others
to incorporate government mandates and
regulations of commercial vehicle telematics
technology.

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Professional services segment is expected to have
the largest market share during the forecast
period. The professional services segment is
expected to have the largest market share during
the forecast period owing to the increased
deployment of smart solutions which requires
technological consulting, and continuous support
and maintenance activities. Moreover, government
bodies normally prefer professional services
vendors over managed services vendors to keep a
tight control over the business operations, such
as deployment and support and maintenance.

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North America is expected to hold the largest
market share in the commercial vehicle telematics
market during the forecast period. As per the
geographic analysis, North America is estimated
to hold the largest market share during the
forecast period. This is due to the major market
share is early adoption of telematics technology
for commercial vehicle in the region. North
America constitutes of developed economies such
as US and Canada. These countries are
significantly advanced in terms of technology and
its application deployments. The commercial
automobile industry in US is more than a decade
old. Moreover, government regulations, policies
and mandates for the different application of
commercial vehicle telematics is expected to
drive the market growth in North America.

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Commercial Vehicle Telematics Market By Region,
2022 (USD Million)

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The major vendors covered in the commercial
vehicle telematics market include PTC, Inc. (US),
Trimble Inc. (US), TomTom Telematics BV
(Netherlands), Verizon Telematics, Inc. (US), MiX
Telematics International (Pty) Ltd (South
Africa), Zonar Systems, Inc. (US), Octo
Telematics Ltd. (UK), Omnitracs, LLC (US),
Masternaut Limited (UK), Microlise Limited (UK),
Inseego Corporation (US), and Volkwagen
Commercial Vehicles (UK).

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