Global Telematics Market is Booming Globally with CAGR of 28.5% during period 2017-2022
Telematics technology is being increasingly used in the automotive segment for vehicle tracking and monitoring, infotainment and Usage Based Insurance (UBI).
(EMAILWIRE.COM, February 13, 2019 ) Telematics technology is being increasingly used in the automotive segment for vehicle tracking and monitoring, infotainment and Usage Based Insurance (UBI). In the Healthcare sector, it is utilized to expedite diagnosis and augment treatment quality and processes. Similarly, the Government sector employs telematics technology for developing smarter cities and maintenance. The global Telematics market is expected to grow at a CAGR of 28.5% (2017-2022) leading to global revenue of USD 233.24 billion by 2022.
The Automotive telematics segment is expected to grow as automakers and fleet managers adopt the technology to minimize fuel waste, and facilitate data management for the smooth functioning of fleets and connected cars. Almost, 80-85% of telematics solutions and devices that includes infotainment, solutions and aftermarket solutions (UBI) cater to the automotive industry.
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Healthcare telematics market, on the other hand, is expected to grow at a CAGR of 25.9% (2017-2022). Telematics usage in the individual (consumer) healthcare segment is expected to increase at a faster pace compared to the commercial segment. The market is also starting to witness growing demand for telemedicine applications used by health professionals for remote consultation and collaborative medical assistance.
Telematics revenue generated from the government segment is expected to witness a high growth. Government agencies need to monitor and eliminate unauthorized behavior and violation of driving rules through real-time vehicle tracking.
Key growth factors
Increasing requirement to track vehicles on a real-time basis and observe drivers’ behavior (monitoring health and temperament while driving), coupled with rising demand for onboard infotainment is leading to growing usage of telematics technology.
Additionally, the requirement of vehicle owners to avail tailor-made auto insurance premiums and that of insurers to accurately evaluate accidental damages and minimize fraud, through analysis of driving data, is contributing to the rising adoption of telematics-based insurance or UBI.
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Table Of Content
Chapter 1: Executive Summary
1.1 Market Scope and Segmentation
1.2 Key Questions Answered in This Study
1.3 Executive Summary
Chapter 2: Introduction: Market Overview
2.1 Market Definition
2.2 Global Market Trends
2.3 Global Market Overview
Chapter 3: Automotive Telematics
3.1 Global Market Overview
Market Observations
Market Trends
3.2 Regional Overview
3.2.1 North America
3.2.1.1 Global Market Overview
Market Observations
Market Trends
3.2.1.2 Market Influencing Parameters
Growth Drivers
Challenges
Telematics penetration-Major Countries
Key Solutions
3.2.2 Europe
3.2.3 Asia Pacific
3.2.4 Latin America
3.2.5 Middle East & Africa (* Same topics covered for other regions)
Chapter 4: Usage Based Insurance
4.1 Global Market Overview
Market Observations
Market Trends
4.2 Regional Overview
4.2.1 North America
4.2.1.1 Global Market Overview
Market Observations
Market Trends
4.2.1.2 Market Influencing Parameters
Growth Drivers
Challenges
Telematics penetration-Major Countries
Key Solutions
4.2.2 Europe
4.2.3 Asia Pacific
4.2.4 Latin America
4.2.5 Middle East & Africa (* Same topics covered for other regions)
Chapter 5: Infotainment
5.1 Global Market Overview
Market Observations
Market Trends
5.2 Regional Overview
5.2.1 North America
5.2.1.1 Global Market Overview
Market Observations
Market Trends
5.2.1.2 Market Influencing Parameters
Growth Drivers
Challenges
Telematics penetration-Major Countries
Key Solutions
5.2.2 Europe
5.2.3 Asia Pacific
5.2.4 Latin America
5.2.5 Middle East & Africa (* Same topics covered for other regions)
......
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The Automotive telematics segment is expected to grow as automakers and fleet managers adopt the technology to minimize fuel waste, and facilitate data management for the smooth functioning of fleets and connected cars. Almost, 80-85% of telematics solutions and devices that includes infotainment, solutions and aftermarket solutions (UBI) cater to the automotive industry.
Download Free Report Sample (PDF) Here:https://www.researchreporthub.com/report/global-telematics-market/11250/#requestforsample
Healthcare telematics market, on the other hand, is expected to grow at a CAGR of 25.9% (2017-2022). Telematics usage in the individual (consumer) healthcare segment is expected to increase at a faster pace compared to the commercial segment. The market is also starting to witness growing demand for telemedicine applications used by health professionals for remote consultation and collaborative medical assistance.
Telematics revenue generated from the government segment is expected to witness a high growth. Government agencies need to monitor and eliminate unauthorized behavior and violation of driving rules through real-time vehicle tracking.
Key growth factors
Increasing requirement to track vehicles on a real-time basis and observe drivers’ behavior (monitoring health and temperament while driving), coupled with rising demand for onboard infotainment is leading to growing usage of telematics technology.
Additionally, the requirement of vehicle owners to avail tailor-made auto insurance premiums and that of insurers to accurately evaluate accidental damages and minimize fraud, through analysis of driving data, is contributing to the rising adoption of telematics-based insurance or UBI.
......
Get Discount & Customization of this Report Here:https://www.researchreporthub.com/report/global-telematics-market/11250/
Table Of Content
Chapter 1: Executive Summary
1.1 Market Scope and Segmentation
1.2 Key Questions Answered in This Study
1.3 Executive Summary
Chapter 2: Introduction: Market Overview
2.1 Market Definition
2.2 Global Market Trends
2.3 Global Market Overview
Chapter 3: Automotive Telematics
3.1 Global Market Overview
Market Observations
Market Trends
3.2 Regional Overview
3.2.1 North America
3.2.1.1 Global Market Overview
Market Observations
Market Trends
3.2.1.2 Market Influencing Parameters
Growth Drivers
Challenges
Telematics penetration-Major Countries
Key Solutions
3.2.2 Europe
3.2.3 Asia Pacific
3.2.4 Latin America
3.2.5 Middle East & Africa (* Same topics covered for other regions)
Chapter 4: Usage Based Insurance
4.1 Global Market Overview
Market Observations
Market Trends
4.2 Regional Overview
4.2.1 North America
4.2.1.1 Global Market Overview
Market Observations
Market Trends
4.2.1.2 Market Influencing Parameters
Growth Drivers
Challenges
Telematics penetration-Major Countries
Key Solutions
4.2.2 Europe
4.2.3 Asia Pacific
4.2.4 Latin America
4.2.5 Middle East & Africa (* Same topics covered for other regions)
Chapter 5: Infotainment
5.1 Global Market Overview
Market Observations
Market Trends
5.2 Regional Overview
5.2.1 North America
5.2.1.1 Global Market Overview
Market Observations
Market Trends
5.2.1.2 Market Influencing Parameters
Growth Drivers
Challenges
Telematics penetration-Major Countries
Key Solutions
5.2.2 Europe
5.2.3 Asia Pacific
5.2.4 Latin America
5.2.5 Middle East & Africa (* Same topics covered for other regions)
......
Get Complete TOC with Figures and Tables Here:https://www.researchreporthub.com/report/global-telematics-market/11250/#toc
Research Report Hub
Research Report Hub offers wide-ranging collection of market research reports under virtually every market verticals and sub-categories from different publishers across the globe. We offer reliable market intelligence reports and report customization services to better understand current and projected market scenarios. It also gives a clearer depiction of industries and facilitates to simply perceive competitor activity in the respective industry. Our services are also geared towards helping organizations procure market reports at the finest price.
About US
Research Report Hub
Sector 04, Plot 101, Sant Nagar,
Moshi PCNDTA, Pune, 412105
Maharashtra, India
Web:www.researchreporthub.com
Find us on: <||>rnhttps://www.facebook.com/reasearchreporthub/ <||>rnhttps://twitter.com/hub_report <||>rnhttps://www.linkedin.com/company/research-report-hub/
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Research Report Hub
Prakriti Mathur
Tel: +91 84484 44687
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results