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29.03.2018 PR, реклама, маркетинг
Global Telematics Market Demand Increasing Rapidly in the Automotive Insurance Industry
The global telematics market is expected to grow from an estimated $26,314.4 million in 2015, and reach $140,100.0 million by 2022, growing at a CAGR of 28.5% during 2016 – 2022. The growth of the global telematics market is being driven due to several factors, including government initiatives to include advanced technology in public safety on roads, increasing demand for premium passenger cars and growing demand for connectivity in vehicles.
Explore Full Report Description At: https://www.psmarketresearch.com/market-analysis/global-telematics-market
Vehicle telematics, trailer tracking, and container tracking are the common application areas of telematics. They are used to transform automobiles into communication objects. Earlier telematics were integrated only on premium vehicles; now it’s either offered as standard feature on select vehicles, or as an option for the low-priced vehicles. It also enables patient’s health tracking while travelling.
In order to assure vehicular safety, the government in several countries has been promoting the use of telematics in vehicles. For instance, eCall project promoted by European Commission (EC) was adopted in Europe in 2013. eCall is targeted to provide assistance to motorists, who have met with road accident and are unable to speak due to injuries. It is applicable for the vehicles in which telematics is installed. The government of China rolled out a program in 2014 that promotes the use of fleet management solution in every vehicle. In Brazil, a program known as SIMRAV has been introduced to monitor and control crimes associated with vehicles. This program is also operated with the help of telematics.Download Free Report Sample: https://www.psmarketresearch.com/market-analysis/global-telematics-market/report-sample
The key competitors in the global telematics market include Verizon Communication Inc., Harman International Industries Inc., TomTom International BV, AT&T, Vodafone Group Plc, Ford Motor Company, BMW Group, Telefonica SA, MiX Telematics, Trimble Navigation Ltd.
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