Telematics

Vecima Reports Q1 Fiscal 2024 Results

Retrieved on: 
Thursday, November 9, 2023
Software, Technology, Networks, Internet, Diamond, Vecima Networks, Adjustment, IPTV, Translation, CDN, Digital, CDS, VBS, RPD, Multi-service access node, HFC, SCTE, PON, Hertz, NERO, Bank statement, DOCSIS, USS Gallant (MSO-489), World Wide Web, Video, Growth, Blue Ridge Communications, EPS, Telematics, Partnership, Webcast, Analysis, OLT, DAA, Blue Ridge, Holding company, Security (finance), Cryptocurrency, Payment card, Beauty salon, Internet service provider, Cable television, Video game, Entra

The Video and Broadband Solutions segment contributed first quarter sales of $44.1 million, as compared to $61.0 million in Q1 fiscal 2023 and $57.0 million in Q4 fiscal 2023.

Key Points: 
  • The Video and Broadband Solutions segment contributed first quarter sales of $44.1 million, as compared to $61.0 million in Q1 fiscal 2023 and $57.0 million in Q4 fiscal 2023.
  • Commercial Video products contributed $5.3 million to first quarter VBS sales, as compared to $7.3 million in Q1 fiscal 2023 and $6.3 million in Q4 fiscal 2023.
  • CDS gross margin increased to 58.5%, from 54.5% in Q1 fiscal 2023 and 53.8% in Q4 fiscal 2023.
  • First quarter Telematics sales grew approximately 14% to $1.6 million, from $1.4 million in both Q1 fiscal 2023 and Q4 fiscal 2023.

The Future of Telematics: In-Depth Analysis of Global Vehicle Telematics Hardware Market

Retrieved on: 
Wednesday, November 8, 2023
MEA, OEM, Electronics, CalAmp, Denso, Original equipment manufacturer, Aptiv, Telematics, General Motors, Magneti Marelli, Hyundai Mobis, Harman, LG Electronics, Visteon, Hyundai, Volkswagen, Continental, Valeo, Video game, Automotive industry, Jet fuel, Cassette tape, Retail, Airline, Actia

DUBLIN, Nov. 7, 2023 /PRNewswire/ -- The "Global Vehicle Telematics Hardware Market 2nd Edition" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, Nov. 7, 2023 /PRNewswire/ -- The "Global Vehicle Telematics Hardware Market 2nd Edition" report has been added to ResearchAndMarkets.com's offering.
  • Rising Demand for Aftermarket Telematics: In 2022, global sales of aftermarket telematics hardware devices reached a staggering 47.2 million units, with a total market value of approximately €2.4 billion.
  • The "Global Vehicle Telematics Hardware Market 2nd Edition" report serves as a valuable resource for industry professionals, investors, and businesses seeking to navigate the dynamic vehicle telematics hardware market.
  • Which are the drivers and barriers in the global vehicle telematics hardware market?

Fleets dogged by labor crunch and high costs, according to Verizon Connect report

Retrieved on: 
Tuesday, November 7, 2023
TCO, Peter Mitchell, Research, GPS, EV, Workforce, Organization, Verizon Communications, Senior, Verizon Business, Mitchell, Telematics, ICE, Language, Roadworthiness, Airline, Renewable energy, Bobital

While hiring high-quality drivers remains a top challenge, fleet managers are turning to technology to boost driver productivity and alleviate the labor crunch.

Key Points: 
  • While hiring high-quality drivers remains a top challenge, fleet managers are turning to technology to boost driver productivity and alleviate the labor crunch.
  • In fact, in the survey, four out of five respondents indicated they use at least one form of fleet technology.
  • GPS tracking solutions also assist fleets in extending the lifetime of their vehicles — a growing need after years of global supply chain challenges.
  • “While some 2023 economic indicators have been encouraging, fleets continue to see residual cost, labor and supply chain challenges,” added Mitchell.

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

Retrieved on: 
Tuesday, October 31, 2023
Technology, Professional Services, Insurance, Telecommunications, Vodafone Automotive, Informatics, Smartphone, Ford, UnipolSai, PAYD, UBI, Tesla, Original equipment manufacturer, Projection, State Farm, OBD, Telematics, General Motors, Marketing, Ecosystem, BMW, PHYD, Octo Telematics, Risk management, Mobile phone, Health insurance, Generali, Allstate, Arity

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
IP, Partnership, Data science, Mobility, Engineering, Fleet management, Intelligence, Insurance, Safety, Crash, Telematics, Octo Telematics, Maintenance, Automotive Executive of the Year Award, Flexcar, Software, Internet of things, Machine learning, City, Mobile phone

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.

Targa Telematics Applauded by Frost & Sullivan for Its Smart Telematics Solutions and Market-leading Position

Retrieved on: 
Wednesday, October 11, 2023
Acquisition, Machine learning, Development, AI, Organization, Internet, Communication, Insurance, Safety, Carbon, Telematics, Societas Europaea, Frost, Growth, Automotive Executive of the Year Award, Research, SAN, Internet of things, UBI, Industrial design, Sales, Video game

SAN ANTONIO, Oct. 11, 2023 /PRNewswire/ -- Recently, Frost & Sullivan analyzed the telematics connectivity for the leasing, rental, and usage-based insurance (UBI) market and, based on its analysis, recognizes Targa Telematics with the 2023 European Company of the Year Award. The company develops and provides Internet of Things (IoT) solutions spanning a thorough spectrum of features and capabilities. It is the second leading telematics company in Europe, and its customers include most Italian insurtech companies and globally recognized brands in various sectors. It leverages the interaction between drivers and connected vehicles to deliver cost savings, improve driver safety, and reduce carbon dioxide emissions.

Key Points: 
  • Targa Telematics' keen technology focus provides connected vehicle and smart mobility solutions to align with industry needs and overcome clients' most pressing challenges with future-proof products.
  • Targa Telematics serves clients across various industry verticals and has over 950 clients in Europe.
  • It also combines deep-seated domain and operational knowledge with advanced IoT and smart mobility technologies to provide robust telematics solutions.
  • Rajesh Depores, industry analyst for mobility at Frost & Sullivan, noted, "Targa Telematics' agnostic and composable solutions, including hardware components, microservices, and operated services, offer a compelling value proposition that underpins its sustained success.

Targa Telematics Applauded by Frost & Sullivan for Its Smart Telematics Solutions and Market-leading Position

Retrieved on: 
Wednesday, October 11, 2023
Acquisition, Machine learning, Development, AI, Organization, Internet, Communication, Insurance, Safety, Carbon, Telematics, Societas Europaea, Frost, Growth, Automotive Executive of the Year Award, Research, SAN, Internet of things, UBI, Industrial design, Sales, Video game

SAN ANTONIO, Oct. 11, 2023 /PRNewswire/ -- Recently, Frost & Sullivan analyzed the telematics connectivity for the leasing, rental, and usage-based insurance (UBI) market and, based on its analysis, recognizes Targa Telematics with the 2023 European Company of the Year Award. The company develops and provides Internet of Things (IoT) solutions spanning a thorough spectrum of features and capabilities. It is the second leading telematics company in Europe, and its customers include most Italian insurtech companies and globally recognized brands in various sectors. It leverages the interaction between drivers and connected vehicles to deliver cost savings, improve driver safety, and reduce carbon dioxide emissions.

Key Points: 
  • Targa Telematics' keen technology focus provides connected vehicle and smart mobility solutions to align with industry needs and overcome clients' most pressing challenges with future-proof products.
  • Targa Telematics serves clients across various industry verticals and has over 950 clients in Europe.
  • It also combines deep-seated domain and operational knowledge with advanced IoT and smart mobility technologies to provide robust telematics solutions.
  • Rajesh Depores, industry analyst for mobility at Frost & Sullivan, noted, "Targa Telematics' agnostic and composable solutions, including hardware components, microservices, and operated services, offer a compelling value proposition that underpins its sustained success.

Global Insurance Telematics Strategic Business Report 2023: Market to Reach $13.1 Billion by 2030 - Shift Towards Recurring Revenue Streams Makes 'Software' an Indispensable Platform

Retrieved on: 
Thursday, October 5, 2023
World Games, Commercial vehicle, Developed country, Development, Growth, Hardware, Telematics, Insurance, Video game, Music, Software

DUBLIN, Oct. 5, 2023 /PRNewswire/ -- The "Insurance Telematics - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, Oct. 5, 2023 /PRNewswire/ -- The "Insurance Telematics - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
  • The global market for Insurance Telematics estimated at US$3 Billion in the year 2022, is projected to reach a revised size of US$13.1 Billion by 2030, growing at a CAGR of 20% over the analysis period 2022-2030.
  • Software, one of the segments analyzed in the report, is projected to record 20.8% CAGR and reach US$9 Billion by the end of the analysis period.
  • The U.S. Market is Estimated at $1 Billion, While China is Forecast to Grow at 18.4% CAGR
    The Insurance Telematics market in the U.S. is estimated at US$1 Billion in the year 2022.

Smart Eye's AIS wins 2023 AutoTech Breakthrough Award "Fleet Management Solution of the Year"

Retrieved on: 
Wednesday, October 4, 2023
Software, Hardware, Aftermarket, Technology, Automotive, Artificial Intelligence, Other Manufacturing, Engineering, Automotive Manufacturing, Other Automotive, Other Technology, Manufacturing, Driver monitoring system, Telematics, Original equipment manufacturer, Connected car, AIS, Smart Eye, Multimedia, Eye, Okinawa Autotech, Geotab, Transport, Health, Safety, ECU, Electronic control unit, DMS, Medical device, Mobile phone

Smart Eye, a global leader in Driver Monitoring Systems (DMS), today announced that its AIS driver monitoring system for fleets has been named the “Fleet Management Solution of the Year” in the 2023 AutoTech Breakthrough Awards program .

Key Points: 
  • Smart Eye, a global leader in Driver Monitoring Systems (DMS), today announced that its AIS driver monitoring system for fleets has been named the “Fleet Management Solution of the Year” in the 2023 AutoTech Breakthrough Awards program .
  • This accolade recognizes AIS as an innovative and essential tool for enhancing driver safety and fleet management.
  • In September 2023, Smart Eye announced the integration of AIS with Geotab's industry-leading fleet management platform , making AIS available on the Geotab Marketplace.
  • "We are very proud to receive the 'Fleet Management Solution of the Year' award from AutoTech Breakthrough," said Magnus Brunzell, VP of Applied AI Systems (AIS) at Smart Eye.

New Missouri Siddens Benning Hands-Free Law Has Prevented 80 Crashes

Retrieved on: 
Tuesday, September 26, 2023
Advocacy Group Opinion, IOT (Internet of Things), Other Professional Services, Automotive, State, Local, Legal, Telecommunications, Other Policy Issues, Artificial Intelligence, Data Management, Professional Services, Technology, Public Policy, Government, Law Enforcement, Emergency Services, Other Automotive, Public Safety, Apps, Applications, Performance & Special Interest, Societal impact of nanotechnology, Public affairs, Economy, Multimedia, Research, CMT, Telematics, Missouri Coalition for the Environment, Crash, Distracted driving, Show Me, SVP, Safety, Corporate development, Mobile phone

Cambridge Mobile Telematics (CMT), the world's largest telematics service provider, today announced the initial impact of Missouri’s new Siddens Benning Hands-Free Law, which began on August 28, 2023.

Key Points: 
  • Cambridge Mobile Telematics (CMT), the world's largest telematics service provider, today announced the initial impact of Missouri’s new Siddens Benning Hands-Free Law, which began on August 28, 2023.
  • One month before the law, drivers in Missouri spent an average of 1 minute and 45 seconds of every hour behind the week handling their phones.
  • Since the law began, distracted driving in Missouri has dropped to 1 minute and 42 seconds, a reduction of 2.86%.
  • A CMT analysis of Google searches for "phone law" in Missouri revealed a spike on the week of August 28, when the law began.