Octo Telematics

Passenger Vehicle Telematics Market to grow by USD 24.78 billion from 2022 to 2027, OEM push for embedded telematics systems in BRIC nations to boost the growth - Technavio

Retrieved on: 
Monday, February 5, 2024

NEW YORK, Feb. 5, 2024 /PRNewswire/ -- The passenger vehicle telematics market is estimated to grow by USD 24.78 billion from 2022 to 2027, according to Technavio.

Key Points: 
  • NEW YORK, Feb. 5, 2024 /PRNewswire/ -- The passenger vehicle telematics market is estimated to grow by USD 24.78 billion from 2022 to 2027, according to Technavio.
  • Europe and North America lead the embedded passenger vehicle telematics market due to their reliable connectivity.
  • Emerging countries like Brazil, Russia, India, and China show rising interest in navigation and infotainment, fostering collaboration between OEMs and telematics providers.
  • India's growing middle class and urbanization also drive demand for in-vehicle entertainment and information systems, now extending beyond premium cars.

OCTO Telematics Enhances Road Safety with Crash Detection via Smartphone

Retrieved on: 
Wednesday, January 31, 2024

By leveraging one of the most ubiquitous and pervasive technologies already in every driver's pocket, the smartphone, OCTO is revolutionising road safety.

Key Points: 
  • By leveraging one of the most ubiquitous and pervasive technologies already in every driver's pocket, the smartphone, OCTO is revolutionising road safety.
  • It brings the intelligence of instant crash detection to a mobile phone, all without the need for driver interaction.
  • In addition to the goals of improved driver safety, the OCTO solution fits perfectly into several use cases across many industries.
  • Crash Detection via Smartphone provides additional information related to a crash event, enabling a more efficient claims management process for insurers, right from the early first notice of loss (FNOL).

Carsharing Telematics Market Report 2023-2027 - Carsharing and Public Transport Ecosystems to Converge - ResearchAndMarkets.com

Retrieved on: 
Monday, December 11, 2023

This report explains all segments including station-based and free floating public carsharing as well as corporate carsharing.

Key Points: 
  • This report explains all segments including station-based and free floating public carsharing as well as corporate carsharing.
  • The Carsharing Telematics Market report analyses the latest developments on this market worldwide including a comprehensive overview of the carsharing telematics value chain covering 35 carsharing platform vendors and 68 carsharing initiatives from specialist CSOs and car OEMs.
  • Several carsharing technology vendors also target the emerging corporate
    The public carsharing fleet reached 575,000 vehicles worldwide in 2022 carsharing market that aims to increase corporate car pool availability and reduce mobility costs.
  • The corporate carsharing telematics market is moreover estimated to 110,000 vehicles at year-end 2022 and is forecasted to reach about 221,000 vehicles in 2027.

Carsharing Telematics Global Market Report 2023 - Hybrid Station-based and Free Floating Models Show Promise

Retrieved on: 
Monday, December 4, 2023

DUBLIN, Dec. 4, 2023 /PRNewswire/ -- The "Carsharing Telematics Market - 6th Edition" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, Dec. 4, 2023 /PRNewswire/ -- The "Carsharing Telematics Market - 6th Edition" report has been added to ResearchAndMarkets.com's offering.
  • This report explains all segments including station-based and free floating public carsharing as well as corporate carsharing.
  • The Carsharing Telematics Market report analyses the latest developments on this market worldwide including a comprehensive overview of the carsharing telematics value chain covering 35 carsharing platform vendors and 68 carsharing initiatives from specialist CSOs and car OEMs.
  • The corporate carsharing telematics market is moreover estimated to 110,000 vehicles at year-end 2022 and is forecasted to reach about 221,000 vehicles in 2027.

Motor Racing Telematics (MRT) Market to grow by USD 241.43 million from 2022 to 2027 | Market is fragmented due to the presence of prominent companies like Agero Inc., Airbiquity Inc. and Aptiv Plc, and many more - Technavio

Retrieved on: 
Wednesday, November 29, 2023

The motor racing telematics (MRT) market is fragmented owing to the presence of many global and regional companies.

Key Points: 
  • The motor racing telematics (MRT) market is fragmented owing to the presence of many global and regional companies.
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    Agero Inc. - The company offers motor racing telematics such as Agero connected vehicle service.
  • Airbiquity Inc. - The company offers motor racing telematics such as Airbiquity safety and security software.
  • The automotive telematics market size is estimated to grow at a CAGR of 18.34% between 2022 and 2027.

Insurance Telematics Market Boom: Europe & North America's Growth Forecast Revealed - ResearchAndMarkets.com

Retrieved on: 
Tuesday, October 31, 2023

This comprehensive study offers detailed insights into the evolving world of insurance telematics, revealing compelling growth figures and forecast trends until 2027.

Key Points: 
  • This comprehensive study offers detailed insights into the evolving world of insurance telematics, revealing compelling growth figures and forecast trends until 2027.
  • Insurance telematics, commonly known as usage-based insurance (UBI), is transforming the automotive insurance landscape.
  • Given that basic automotive insurance is compulsory in most developed regions, the potential for insurance telematics is vast.
  • The aftermarket segment also remains crucial, with Octo Telematics being a dominant force, supporting over 5.7 million insurance telematics programs.

Flexcar selects OCTO Telematics to Further Optimize their Car Subscription Experience

Retrieved on: 
Wednesday, October 11, 2023

ROME, Oct. 11, 2023 (GLOBE NEWSWIRE) -- OCTO Telematics announces a partnership with Flexcar, the smart alternative to car ownership, focused on adding OCTO’s connected vehicle capabilities to Flexcar’s fleet across the US.

Key Points: 
  • ROME, Oct. 11, 2023 (GLOBE NEWSWIRE) -- OCTO Telematics announces a partnership with Flexcar, the smart alternative to car ownership, focused on adding OCTO’s connected vehicle capabilities to Flexcar’s fleet across the US.
  • Given the focus on driver safety, Flexcar wants to ensure that their vehicles are continuously monitored for the healthiest car condition and assist in the event of a collision.
  • Supported by OCTO’s technology, Flexcar will launch a touchless and seamless process to set up, configure, and manage their subscription service including:
    Flexcar selected OCTO for a range of factors, including their extensive experience with vehicle risk, diagnostics, and collision data.
  • Matt Aspinwall, Group Product Manager, said that Flexcar “was looking for a partner in telematics with the most extensive experience with vehicle risk, diagnostics, and collision data.

Passenger Vehicle Telematics Market to grow by USD 24.78 billion from 2022 to 2027, Agero Inc., Airbiquity Inc., AT and T Inc., and MORE to emerge as key players- Technavio

Retrieved on: 
Saturday, October 14, 2023

NEW YORK, Oct. 13, 2023 /PRNewswire/ -- The passenger vehicle telematics market is estimated to grow by USD 24.78 billion from 2022 to 2027, growing at a CAGR of 18.05%.

Key Points: 
  • NEW YORK, Oct. 13, 2023 /PRNewswire/ -- The passenger vehicle telematics market is estimated to grow by USD 24.78 billion from 2022 to 2027, growing at a CAGR of 18.05%.
  • The passenger vehicle telematics market is fragmented owing to the presence of many global and regional companies.
  • Agero Inc: The company offers passenger vehicle telematic solutions to improve the accident management process to minimize the costs and reduce stress for the customers.
  • The automotive carbon ceramic brake rotors market size is estimated to grow at a CAGR of 13.74% between 2022 and 2027.

Global Aftermarket Car Telematics Report 2023: Smartphone-based Telematics Solutions Compete with Aftermarket Telematics

Retrieved on: 
Monday, August 21, 2023

The aftermarket car telematics applications covered in the report include stolen vehicle tracking, roadside assistance, vehicle diagnostics, Wi-Fi hotspot and various convenience applications.

Key Points: 
  • The aftermarket car telematics applications covered in the report include stolen vehicle tracking, roadside assistance, vehicle diagnostics, Wi-Fi hotspot and various convenience applications.
  • The OEM initiatives can be seen as competition for the aftermarket solutions, but there is still a growing demand for different forms of aftermarket car telematics services.
  • Even though aftermarket car telematics services face competition from smartphone-only solutions and OEM solutions, the report analysts are of the opinion that the aftermarket car telematics market is in a growth phase.
  • Stolen vehicle recovery and security-related telematics applications are mature aftermarket car telematics applications whereas other direct-to-consumer car telematics solutions have more recently started to emerge.

OCTO Crash & Claims: Video Damage Evaluation opens up a new era of claim management

Retrieved on: 
Thursday, July 13, 2023

ROME, July 13, 2023 (GLOBE NEWSWIRE) -- OCTO Crash & Claims solution marks a shift in the traditional way of managing crash and claim processes, moving towards a digital and innovative approach that integrates cutting-edge technologies and tools.

Key Points: 
  • These advancements aim to streamline claim management, reduce costs for insurance companies, and improve the overall customer experience.
  • These algorithms are continuously fed with new data from OCTO's real-time crash database, enhancing the accuracy of the crash analysis.
  • This transparent and efficient claims management process can lead to an overall improvement of 26% in claims management.
  • In addition to the existing range of Crash & Claims services, OCTO has expanded its offerings with the Video Damage Evaluation solution, which utilizes an AI-based virtual assistant to enhance the Crash Report with a precise estimation of damages.