Telematics is a technology that combines telecommunications and information technology in a single solution. The transmission of data can occur in the vehicle-to-vehicle, vehicle-to-human, or vehicle-to-system formats. Telematics technology is used for tracking and data transfer and can be integrated with other vehicle systems as well as used independently.
The Commercial Vehicle Telematics (CVT) marketÂ is projected to grow at aÂ CAGR of 20.7% between 2020 and 2025. Today, the focus of CVT has moved from vehicle location and routing to drivers and their safety. By keeping track of driver behavior, vehicle condition, and maintenance intervals, commercial vehicle telematics solutions help reduce accidents, speeding, and unexpected vehicle downtime.Â Â Â Â Â Â Â Â Â
At 360Quadrants, we have determined the Top 10 Visionary Leaders in the commercial vehicle telematics market. These players are expected to contribute significantly to the growth of this segment.
Trimble, Inc was founded in 1978 and is headquartered in California, US. It provides vehicle tracking and cargo management solutions. These solutions integrate wide-ranging positioning technologiesâ€”including GPS, laser, and optical and inertial technologiesâ€”with application software and wireless communication solutions in order to provide complete commercial solutions. Trimbleâ€™s Fleet Management Solution leverages the power of Trimble GPS technology and wireless communications to provide fleet managers and vehicle owners with a cloud-based system for real-time tracking and monitoring of vehicles.
Verizon Connect, a division of Verizon Communications headquartered in Georgia, US, provides data communication services and applications for vehicles. Its solutions and services include comprehensive fleet and mobile workforce management software platforms, embedded OEM hardware, and a connected vehicle device that helps create a safer, smarter, and more connected driving experience.
Octo Telematics was founded in 2002 and is headquartered in Rome, Italy. Octo is the provider of telematics and data analytics solutions for the automobile insurance industry. Octoâ€™s telematics and fleet management solutions help companies reduce fuel consumption, improve driver safety, and limit unauthorized asset utilization through monitoring of location and driver behavior data. Octo Telematics helps automotive OEMs to profit from their investments in connected car and related technologies through insurance-related services.
GPS Insight was founded in 2004 and is headquartered in Arizona, US. The company provides innovative solutions and actionable insights in the CVT space. GPS Insight delivers vehicle telematics solutions that give visibility into the operations of the entire fleet. Its solutions focus on location data and boost visibility into the activities of the driver. The solutions provided by GPS Insight help fleet companies to increase revenue and reduce cost and risk. The GPS Insight CVT solution comes in three different packages that suit the requirements of different organization sizesâ€”Basic, Standard, and Enterprise.
MiX Telematics was founded in 1995 and is headquartered in Midrand, South Africa. MiX delivers fleet management, driver safety, and vehicle tracking solutions to its customers using a SaaS-based model. Its MiX Fleet Manager solution comprises an onboard computer that collects and transmits valuable vehicle and driver data. This collected data is accessible online as well as through a mobile app. MiX Telematics has a network of over 130 fleet partners across the globe.
Zonar Systems was founded in 2001 and is headquartered in Washington, US. Its fleet management systems record and transmit numerous details, including asset location, fuel efficiency, speed, stops, idling, and maintenance requirements. The solutions offered by Zonar are affordable, easy to implement, and easy to access from any computer or smart device. Zonar CVT replaces manual meter reading with automated meter data collection and minimizes unnecessary rental costs through verified utilization reporting.
Geotab, Inc was founded in 1996 and is headquartered in Oakville, Canada. The company specializes in vehicle tracking and fleet management technology. It provides open platform fleet management solutions to businesses of all sizes. It helps businesses manage their drivers and vehicles by extracting accurate and actionable intelligence from real-time and historical fleet data. Geotab provides industry-specific fleet management solutions that optimize fleet performance based on industry type. The company develops, manufactures, and delivers GPS fleet management solutions to companies of all sizesâ€”from local to Fortune 500.
Cisco Systems was founded in 1984 and is headquartered in California, US. It is an American multinational organization that develops, manufactures, and sells hardware, software, telecommunication solutions, and other high-tech products and services. It also provides fleet management solutions that help enterprise fleet managers reduce fuel costs and enhance productivity. Ciscoâ€™s fleet management solution effectively integrates vehicle and driver data into the enterprise network and related applications. Cisco sells its products and services through its own sales department and channel partners to commercial businesses, service providers, large enterprises, and consumers.
AirIQ, Inc was founded in 1991 and is headquartered in Pickering, Canada. It offers end-to-end wireless solutions that allow customers to manage mobile assets cost-effectively. AirIQ offers remote applications that allow for the efficient management of cars, trucks, and construction equipment. Since the ELD mandate by the Canadian government, AirIQ has expanded its product line and become one of the leading ELD solutions providers in the industry nationally.
Webfleet Solutions, founded in 2005 and headquartered in Amsterdam, Netherlands, is a Bridgestone company that provides Software-as-a-Service fleet management solutions. Its SaaS-based CVT solutions provide secure access to all the information needed to manage fleet operations. These solutions let fleet managers and customers communicate directly with drivers and help improve driver behavior and fuel efficiency. These tools can be integrated with the whole solution ecosystem of the company. Webfleet is an award-winning company that has more than 50,000 customers worldwide. It provides its services in more than 60 countries.
Useful data on these Visionary Leaders, as well as other important information related to the CVT market, are listed on 360Quadrants.com.