The Consumer Telematics Systems Market deals with the development of communication technology. Telematics can be described as the technology which allows electronic devices to communicate with each other and humans over a specific network. A telematics system has been integrated into various applications like telecommunications, road transportation, etc.
The telematics device usually transmits measurements from one location to another. Automotive industry is the biggest adopter of telematics technology. Automotive telematics allows a wireless communication link between vehicles, multiple machines, machine to human or direct to cloud and other systems in real-time as well. The Consumer Telematics Systems Market is projected to register strong growth during the forecast period.
High demand for big data analytics and related services are the primary factors that drive growth for the Consumer Telematics Systems Market. Smartphones today exhibit capabilities such as accelerometers and GPS, which further provides avenues for market growth. Advancements in mobile application software, mobile technology and ubiquitous connectivity have significantly reshaped the consumer telematics industry.
North America is dominating the Consumer Telematics Systems Market, by introducing several products regarding consumer telematics. Asia-Pacific is expected to witness the fastest growth during the forecast period, due to rising demand for automotive industry. Europe is in the next position of registering growth followed by RoW.
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