The global commercial telematics market, valued at $18.9 billion in 2015, is projected to grow to $69.3 billion by 2022, driven by smartphone usage, regulatory mandates, and partnerships between manufacturers and telematics providers. Key segments include logistics and transportation, with North America leading in revenue and Europe anticipated to grow the fastest. Challenges include high deployment costs and security concerns, while growth is supported by various applications such as fleet management, navigation, and insurance telematics.