In this research, Frost & Sullivan's expert analysts thoroughly examine the following market segments:

• Light commercial vehicles (LCV)
• Medium commercial vehicles (MCV)
• Heavy commercial vehicles (HCV)

They also cover the following types of telematics solutions:

• Embedded
• Portable
• Independent smartphones

Market Overview

ELD Mandate and Standardized Telematics Fitments with Remote Diagnostics Propel the Market Growth

Propelled by the electronic logging device (ELD) mandate, the demand for commercial vehicle telematics is escalating in North America. To optimize this opportunity, telematics service providers need to offer scalable solutions that can be deployed for all fleet sizes. Offering attractive business models, such as no-contract model that provides free hardware and installation, will help service providers strengthen their base in under-served small and sub-contracted fleet segment. Further, as software-as-a-service (SaaS) based solution providers shift from partly open to fully open platforms, telematics companies can generate additional revenue by integrating with third-party in-cab devices and plug-in applications for remote diagnostics, fuel card integration and video safety.

Entry of mobile-based freight brokerage providers in the commercial vehicle telematics market will result in solutions that integrate basic fleet management solutions (FMS) and smartphone telematics technology, such as track and trace, hours of service (HOS) and order management. Furthermore, the telematics market in North America is expected to be populated by start-ups that provide cost-effective solutions, making it harder for established players to penetrate small- and medium-sized fleets. Building strategic partnerships with multiple original equipment manufacturers (OEM) is very essential for third-party vendors to market their products and solutions among the wide-spread customer base of the OEMs.