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Telematics is an interdisciplinary field that includes media communications, vehicular advancements, street transportation, street security, electrical designing sensors, instrumentation, remote interchanges, and so on, and software engineering mixed media, Internet, and so forth. The real factor driving the commercial vehicle telematics market is the expanding appropriation for the Next-Generation Telematics Protocol (NGTP) improving telematics administration conveyance, multiplication of telematics innovation because of diminishing sensor and network cost, developing government command for sending vehicle following in business vehicles, and rising interest for cell phones supplements the selection of telematics arrangements and administrations.
The market has been segmented into North America, Europe, China, and Japan. North America is assessed to hold the biggest piece of the overall industry amid the gauge time frame because of the significant piece of the pie is the early selection of telematics innovation for business vehicle in the district. North America comprises of created economies, for example, the US and Canada. These nations are essentially best in class as far as innovation and its application organizations.
Some of the key market players of the Commercial Vehicle Telematics Market are PTC, TomTom, MiX, Octo, Trimble, Verizon and Zonar.
The Commercial Vehicle Telematics Market is discussed on the basis of type into Telematics Solutions and Telematics Services within which Telematics Services is ruling the market. Secondly, the Commercial Vehicle Telematics Market is discussed on the basis of the application further divided into Transport & Logistics, Insurance and Others, within which Transport & Logistics sectors has been utilizing telematics on a large scale.