LONDON, April 29, 2014 /PRNewswire/ -- Telematics is being largely adopted across regions to control fuel expenses and increase vehicle and driver efficiency. This is particularly relevant for the commercial vehicles (CV) segment and, in fact, CV Telematics is currently moving ahead with strong focus on the importance of data to provide advanced services such as prognostics and predictive analytics. Frost & Sullivan will present the top trends that will shape the global CV Telematics market during the coming years in an online conference on 7 May, at 4 pm BST. Frost & Sullivan Industry Analyst Nandini Tare - who has completed extensive analysis on the Global Commercial Vehicles Telematics Market - will be joined by Thomas Fansler, president, Vusion.
To register and attend this complimentary briefing please contact Chiara Carella, Corporate Communications, at [email protected]. A recorded version will also be available after the conference.
Frost & Sullivan will present a global overview of the market and we will discover that government mandates in China, India and Australia are aiming at regulations to track and trace vehicles. These regions also continue to focus on tackling fuel costs and improving operational efficiency in 2014. North America and Europe are advanced markets and will continue to see a substantial growth despite delays in implementing regulations. We will also find out that there are very few international market players in Russia while the Australian market largely consists of SME players who are usually slow in adoption of telematics. However, large fleets in Australia have high adoption rates.
During the presentation, the analyst will discuss some of the top trends for 2014. "Big data analytics and business intelligence will strengthen OEM and aftermarket telematics vendors' offerings in predictive maintenance and diagnostics. This could reduce the average repair time by 25-50 percent and the warranty costs by 2-3 percent resulting in higher customer satisfaction," anticipates Mr Tare.
Vendor dynamics will also play a key role in 2014. Vendors across developed markets will look to secure additional capital to improve their product portfolio and market expansion. Funding from private equity firms and venture capitalists will continue to increase.
Mr Tare confirms: "2014 will see partnerships between telematics vendors and value chain partners such as service management solutions, data analytics companies which will realign the value chain. Non automotive participants such as tyre manufacturers, wireless providers and fuel suppliers will venture into nascent markets such as India, Australia and Thailand."
The presentation will be followed by a live question-and-answer session with the analyst.
The conference is open to all companies interested.
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SOURCE Frost & Sullivan