The global commercial telematics market is anticipated to grow at a considerable CAGR of 15.8% during the forecast period (2020-2026). The increase in technological advancements by the key providers of commercial telematics solutions & services to differentiate their product offerings to remain competitive in the global market is a key factor to drive the growth of the global commercial telematics market. For instance, in February 2021, Bright Box HK Ltd., a telematics solution provider entered into a partnership with My Policy Group, a UK-based provider of services across intermediation, and product design for niche telematics motor insurance. My Policy has launched a usage-based insurance product, JURNY, in which Bright Box and part of Zurich Insurance Group both will be involved to enable rapid growth of the company.
Browse the full report description Global Commercial Telematics Market Size, Share & Trends Analysis Report, By Solution (Fleet Tracking and Monitoring, Driver Management, Insurance Telematics, Safety & Compliance, V2V, and V2X systems, Others), By End-User (Insurance, Government and Utilities, Healthcare, Media and Entertainment, Transportation & Logistics, Others), By Distribution Channel (OEM and Aftermarket) Forecast Period 2020-2026 at https://www.omrglobal.com/industry-reports/commercial-telematics-market
Besides, in February 2021, Skoda Auto introduced a traffication infotainment application, which aims to improve driver safety by alerting drivers about forthcoming traffic hazards, which reduces the chances of road accidents and reducing the risk of wrong-way driving on motorways. This application is available in the models of Skoda including Scala, Kamiq, Karoq, Kodiaq, and others. The application is developed after a long-term collaboration between Skoda and Bosch. Thus, the growing efforts of major market players to make advancements in their solutions to gain competitive position s are anticipated to drive the market growth.
Market Coverage
o By solution
o By end-user
o North America
o Europe
o Asia-Pacific
o Rest of the World
Key questions addressed by the report
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
Global Commercial Telematics Market Report Segment
By Solution
By End-User
By Distribution Channel
Global Commercial Telematics Market Report Segment by Region
North America
Europe
Asia-Pacific
Rest of the World
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