Big Data finally makes its presence felt in the telematics market. Road Safety is of prime importance for commercial telematics.
Over the past few years the telematics industry has matured in the regions including Spain, United Kingdom, Germany and France. Research analysts at Allied Market Research monitoring the share and size, trends and growth rate of the commercial telematics market highlight that development of telematics systems in the commercial vehicle space is expanding fast. Apart from this, the influence of Big Data as well as Road Safety would be strongly felt in the industry and future automobiles and systems integration in the coming years.
Big Data helps the Commercial Telematics Market Generate Billions
The value of Big Data is being strongly felt in the sector. It is commonly used term and tends to illustrate expressions extremely better. Therefore, Big Data has put to rest the challenge to obtain data to help business owners receive greatest gains. Besides this, it is used in different areas of operations including safety, fuel saving as well as environmental advantages among others. Besides this, each business segments agree that fulfilling the growing demands inputs from reputed telematics suppliers is definitely going to benefit them. This is primarily because such efficiency gains, further call for both hardware as well as software development.
Road Safety Concerns are Now Put to Rest by Commercial Telematics Market
Telematics plays a vital role in detecting safe driving behaviour. Besides offering a precise knowledge and understanding of the behaviour of a car or any vehicle, telematics is required to correlate to several real risks to identify the root cause of such risky behaviour. This would save the drivers from getting penalized unfairly. Apart from this , simply mentioning that accelerating or driving fast means there’s risk involved is unacceptable to pin –point a risky behaviour , as this usually depends upon much wider concept of a situation, time as well as location.
Future Vehicles to Benefit FROM Commercial Telematics Market
Telematics has the ability to measure different parameters including driving style ads well as fuel usage irrespective of the power source used. Besides this its importance in validating the performance of the hybrid vehicles cannot be ignored. At present, such vehicles are being used conservatively owing to the concerns over its range. Thus, modifying the different parameters that are monitored by telematics to include distance to flat, discharge rate as well as remaining charge, it would be possible to map both the capabilities and performance of hybrid vehicles with great confidence.
Eyeing the major development in the sector, Allied Market Research has published a report titled “World Commercial Telematics Market - Opportunities and Forecasts, 2013 – 2020.” The research assess the growth rate , share and size and trends that are shaping the industry.
