Americas Commercial Vehicle Telematics Market – Forecast to 2023 with Agero, Continental, Omnitracs, TomTom International, Trimble, and Verizon Leading the Competition – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Commercial
Vehicle Telematics Market in the Americas 2019-2023”
report has
been added to ResearchAndMarkets.com’s offering.

One trend in the market is usage of advanced analytics to optimize fleet
efficiency.

Fleet operators receive large amounts of data related to their daily
operations through various channels, such as documents from employees
and technicians, fuel bills, routes traversed by vehicles, and work
order performance reports. Integration of this data into the enterprise
resource planning (ERP) system improves workflows and operational
analysis.

According to the report, one driver in the market is cost saving due to
adoption of telematics-enabled UBI.

Regulations play a critical role in the adoption of insurance in the
automotive segment. Regulations for mandatory motor insurance are
becoming a crucial driver for UBI adoption. UBI allows insurers to
create risk profiles for individual customers based on real-time driving
behavior tracked by onboard units. As UBI benefits both insurers and
drivers, it is registering high growth in developed regions like Europe
and North America. Hence, it will be beneficial for fleet operators to
adopt UBI and reduce the premium amounts by encouraging the safe driving
behavior.

Further, the report states that one challenge in the market is high cost
associated with embedded telematics services.

Initial costs of setting up telematics include the license, setup, and
installation fee, in addition to the payment for customization and
integration with current systems. Additionally, the license fee has to
be renewed periodically, which adds to the overall cost. Also,
integration or customization can be more expensive than the price of
telematics devices and license fees. For instance, Verizon has a
hardware cost of about $100 for its telematics offering, with a monthly
fee of about 526 for a one-year subscription.

Key Players

  • Agero
  • Continental
  • Omnitracs
  • TomTom International
  • Trimble
  • Verizon

Topics Covered

1. Executive Summary

2. Scope of the Report

3. Market Landscape

4. Market Sizing

5. Five Forces Analysis

6. Market Segmentation by Application

7. Customer Landscape

8. Market Segmentation by Type

9. Geographic Landscape

10. Decision Framework

11. Drivers and Challenges

12. Market Trends

13. Vendor Landscape

14. Vendor Analysis

For more information about this report visit https://www.researchandmarkets.com/research/9rbmlx/americas?w=4

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Related
Topics: Telematics
and Vehicle Electronics