London, Jan. 7, 2015 (GLOBE NEWSWIRE) -- Future Market Insights (FMI) delves deep into the Asia Pacific automotive telematics market with its latest report titled, "Asia Pacific Automotive Telematics Market Analysis and Opportunity Assessment, 2014 - 2020". FMI's analysts say that while the global telematics market will exhibit a single-digit CAGR over the forecast period 2014-2020, the Asia Pacific will outpace other regions to achieve double-digit CAGR during the same period.
Browse the full Report of Asia Pacific Automotive Telematics Market: http://www.futuremarketinsights.com/reports/details/asia-pacific-automotive-telematics-market
The strong performance of the Asia Pacific telematics market is ascribed to high penetration of technologies and steadily increasing GDP. The Asia Pacific region will reap the benefits of the presence of established vendors in the commercial vehicle telematics market. Furthermore, over 42% of the world's Internet users in Asia (2013), combined with hundreds of millions of 4G users, bode well for the Asia Pacific automotive telematics market.
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FMI lead consultant, Nikhil Kaitwade, says, "Telematics in the automotive industry has become increasingly relevant with a palpable emphasis on safety and security globally. Increased technology adoption and remote vehicle diagnostics are driving the Asia Pacific automotive telematics market." The three technologies that will propel the Asia Pacific automotive telematics market are: Embedded, tethered, and smartphone technology.
Browse Press Release of Asia Pacific Automotive Telematics Market: http://www.futuremarketinsights.com/pressreleases/details/asia-pacific-automotive-telematics-market
Currently, North America dominates the global automotive telematics market, followed by Europe. Both these leaders are experiencing saturation, creating ideal settings for the proliferation of the Asia Pacific automotive telematics market. The safety and security end-user segment and increasing prominence of social media will be pivotal to the growth of the Asia Pacific automotive telematics market.
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