The North America Consumer Vehicle Telematics Market would witness market growth of 28.2% CAGR during the forecast period (2018 – 2024).
Car rental providers and cab service providers are using the software and devices of these systems because that will help them to collect all the fuel consumption, machine health, information about diagnostics, fault codes, idle weather, etc. data streaming remotely through the asset. Telematics has provided fleet managers with unparalleled data on driver performance in order to detect and manage unwanted behaviour, including heavy braking, severe cornering, and aggressiveness. The in-cab telematics systems, which send data directly to fleet management for evaluation, monitor all of these factors. The data allows fleet managers to understand the drivers ’ specific requirements and work in close cooperation with drivers ’ trainers to develop specialized training instead of using generic, one-size-fit programs for drivers.
Based on Application, the market is segmented into Solution and Services. Solutions are further segmented into Fleet / Asset Management, Navigation, Infotainment, Insurance, Tele-Health, and Others. Services are further bifurcated into Design & Consulting, Deployment and Maintenance. Based on Deployment type, the market is segmented into Aftermarket and OEM (Original Equipment Manufacturers). Based on End User, the market is segmented into Cars (Personal & Rental), Insurance, Healthcare, Media & Entertainment, Vehicle Manufacturers/Dealers, and Government Agencies. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Verizon communications, AT&T Inc., Ford Motor Company, BMW AG, Robert Bosch GmbH, Valeo S.A, Harman International industries, Vodafone Group Plc., Telefonica S.A, and Continental AG.
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