Video Telematics Market Share

Video Telematics Market Share

Top 7 companies of the market are Geotab, Nauto, Trimble, Sensata, Verizon, Samsara and Lytx collectively hold a significant market share of 59.7% in the video telematics industry in 2023.
 

• Verizon Connect's approach in the video telematics sector revolves in use of AI-driven dashcams to improve fleet safety and operations efficiency. Verizon added road-facing and dual-facing cameras as well as new camera models in August 2022.
   
• Verizon revamped its line to include new camera models, including road-facing and dual-facing photographs. Using Verizon's AI engine and cloud computing, these cameras can identify unsafe driving habits in real time such as drowsiness, distractions, and reckless behaviors. Alerting drivers of risky actions as they happen, the system offers live in-cab coaching.
   
• Furthermore, fleet managers get more visibility on driving events, therefore helping them to train drivers more efficiently. Verizon's dashcam system is upgradable so it retains long-term worth even as new features and improvements are added. The platform helps driving habits across fleets of any size.
   
• Samsara's leads the video telematics market as the company is involved in developing strategic alliances to speed up expansion and improve their telematics system. In April 2024 marks the start of the partnership with United Natural Foods to enhance fleet safety, operational efficiency, and sustainability, a prime case of this approach.
   
• With the use of Samsara’s telematics, environmental monitoring, and video-based safety systems, UNFI has been able to reduce pollution, minimize waste, and enhance operational efficiency. As such, Samsara can integrate different technologies and extend its reach. In the logistics and transportation business, effectiveness and safety of operations are of utmost importance, so partnership is very beneficial.
   
• Important stakeholders in the industry can increase their fleet management systems, add greater value to their customers, and achieve environmental targets with the help of partnerships from the industry.
   

Video Telematics Market Companies

Major players operating in the video telematics industry are:

• AT&T
• Geotab
• Lytx
• MiX Telematics
• Motive Technologies
• Nauto
• Samsara
• Sensata Technologies
• Trimble
• Verizon Communications
   

These companies are focusing on the development of high-end AI-powered video telematics solutions for safety enhancement and operational efficiency. They are also integrating sustainable development into their products to take care of the surging demands of regulations and customers.
 

• In October 2023, Netradyne launched Driveri One Video Telematics for Fleet Safety and Management, with AI-driven risk detection, real-time GPS tracking, and compliance tools all integrated into the Geotab platform, helping fleets to operate and manage themselves better, saving time and money, and optimizing their fleet performance.
   
• Video telematics continues to evolve, companies invest in partnerships and acquisitions to reach a large audience and enhance the breadth of their capabilities in the broader fleet management systems. In May 2024, Geotab launched a new video telematics plan without any cost upfront.
   
• The new plan aims at supporting any kind of firm operating in Latin America in introducing AI-based video telematics within its fleet activities with zero investment at the very start. Geotab brings an integrated package to the customers through its combined use with Surfsight cameras by Lytx Inc. to enhance fleet management in security and driver safety while reducing risk.