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SOURCE Research and Markets
DUBLIN, May 8, 2014 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/rf5nqn/commercial) has announced the addition of the "Commercial Telematics Market [OEM & Aftermarket, Solutions (Fleet Management, Navigation & Location Based, Infotainment, V2V, V2I, Insurance, Telehealth, Alarm Monitoring), Professional Services] - Global Market Forecasts & Analysis (2014 - 2019)" report to their offering.
Commercial telematics has evolved from handheld free calling devices and screen-based navigation to integrated platform with mobility and web. These devices provide real-time location information, geo-fencing, early accident notification, driver behavior analysis, remote diagnostics and monitoring of vehicles and devices. Majority of the vendors are focusing on developing solutions such as mobile telematics for auto insurers, Pay-As-You-Drive (PAYD), Pay-How-You-Drive (PAHD), and intelligent machine monitoring systems. These solutions are easily available on consumer grade Smartphone and Tablets thereby, reducing the hardware and service costs.
Another major trend in the market of commercial telematics is the revolution in pricing models which occurs mainly in the telecom industry. As the number of connected services used by each consumer grows, the demand for connectivity services would also increase. This in turn, would impact the prices of connected services and result in reduced average price. The solutions such as reprogrammable SIMs, shared data plans, and split billing could lead to significantly more attractive pricing for embedded telematics.
The commercial telematics report segments the market based on types of solutions, by solution providers, by end users and the adoption across various regions. Currently, majority of the commercial telematics market is dominated by OEM telematics. OEM telematics providers are forging strong relationship with various third party vendors to develop standardized platforms, thereby, reducing the hardware cost and enhancing the lifecycle of devices. However, the major challenge for both the vendors is to provide hardware and services at low costs. This is because majority of end users are reluctant to spend huge amount on solutions or are apprehensive about the Return on Investment (ROI).
There are several other factors which are restraining the growth of commercial telematics; one being the high communication cost. Predicting the likely usage and data requirement for different services is one of the hardest aspects in the telematics strategy. For services such as e-call, vehicle manufacturers have been able to hide the total communication services cost in the upfront cost of the system. However, due to high bandwidth and frequent usage services, users have to consider buying additional subscription services. The consumers are reluctant to pay for these subscription services because of the existing mobile phone contracts. This whole phenomenon restrains the growth in the telematics market.
Key Topics Covered:
2 Executive Summary
3 Market Overview
4 Commercial Telematics: Market Size And Forecast By Type
5 Commercial Telematics: Market Size And Forecast By Types Of Solutions And Professional Services
6 Commercial Telematics: Market Size And Forecast By Types Of End Users
7 Commercial Telematics: Market Size And Forecast By Regions
8 Commercial Telematics: Market Landscape
9 Company Profiles
For more information visit http://www.researchandmarkets.com/research/rf5nqn/commercial
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