Study: Telematics Industry to Reach $13.5B by 2017
March 18, 2014—The global commercial vehicle telematics industry is expected to reach an estimated $13.5 billion by 2017, according to a new report released by Research and Markets.
According to the report, the telematics industry is expected to experience steady growth supported by infrastructure, low-cost electronics, and wireless communication network services.
The industry is also expected to undergo certain challenges arising from data integration with vehicles driving results by acting on the high vehicle management cost, which includes fuel and fleet overheads. Another problem occurs from the low range utilization of telematic technologies and technical unawareness among consumers.
To read the full report, visit the Research and Markets website.