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Telematics Update: Commercial vehicle telematics market to be worth a Colossal $11.2 billion USD in 2014

Visiongain, the international business information provider, published a market report on 14th January predicting the global commercial vehicle telematics market will be worth US$11.2 billion in 2014, signifying great promise for the commercial vehicle telematics market.

The report outlines the three main drivers of the of the commercial vehicle telematics market.  Increasing fuel prices and strong price-competition in the logistics industry means that fleet operators are using telematics to gain a competitive advantage and maintain their profits.   However, the initial cost of telematics hardware is impinging growth in the smaller fleets.  Even the larger fleets, feeling the effects of the current weakened economic climate, may be reluctant to update any Fleet Management Systems they have in place.   A second major growth hindrance stems from privacy concerns about sensitive company data being exposed.  Taking both these positive and negative factors into account, Visiongain calculates the size of the Commercial Vehicle Telematics market will reach $11.2bn globally in 2014.  In India, the majority of the telematics market is concentrated in commercial vehicles.  Telematics solutions should be used to increase profitability and overtake competitors.  During this tough economic climate, it is crucial to find telematics services which genuinely add value for the commercial vehicle market

“Operators in the logistics industry can and should use the value-adding services of telematics to gain the upper hand on their competitors.” – Shreya Ganapathy, Director, Telematics Update. 

The Telematics India and South Asia Conference and Exhibition 2014 28-29th May, Bangalore, will have targeted sessions on telematics for commercial vehicles.  They will inform company’s strategies for entering, or with a view to further penetrate the commercial vehicle sector in India.  Sessions will focus on what telematics soltuions providers’’ business strategies must take into account and the economic drivers behind fleet telematics adoption. The conference will include case studies from companies with strategies that successfully sell telematics solutions to both large and small sized fleets.  Further expert panels will discuss how companies can use telematics to gain the all-important competitive advantage over rival companies and increase profit through the employment of telematics solutions.  Expert speakers at the conference include Vijay Kakade, Director, Automotive & Transportation, Frost and Sullivan; Chandrika Shetty, Head of Telematics India, Volvo; Vishnu Sundaram, Director – Engineering, Harman and Vikram Puri, CEO and Founder, Transworld.

Other key topics to be covered at the Telematics India and South Asia 2014 conference include:

• Solutions to India’s Giant Size and Chaotic Infrastructure

• Improved Customer Experience: leading to customer loyalty

• The Opportunities of Connectivity

For further information on key topics to be covered at the conference, access the website at: http://www.telematicsupdate.com/india-south-asia/

Maruti Suzuki India said that last year’s conference was an “Ideal platform to meet the stake holders who will define the vehicle telematics future for the Indian Market”.

Tata Elxsi stated that the conference was “It was an extremely important event for India & Asia. It was clear that many of the companies participating had not networked with each other so bringing them together in this event will enhance Telematics activities”.

To see the Telematics India and South Asia 2014 conference program and speaker line-up, access the website at http://www.telematicsupdate.com/india-south-asia/  or contact the Telematics Update team at india@telematicsupdate.com

About Telematics Update:

Telematics Update Conferences are the most prestigious in the industry. We produce the largest telematics events in North America, Europe & Asia, and attract the most influential speakers providing a rich environment for establishing strategic relationships and networking.

Contact:

Harriet Molyneaux

Project Director | Telematics Update

7-9 Fashion Street, London, E1 6PX, UK

T: +44 (0)207 3757 546

E: hmolyneaux@telematicsupdate.com

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