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Video Telematics Market Share

Report ID: GMI11063
Published Date: Aug 2024
Report Format: PDF

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Video Telematics Market Share

Verizon Communications Inc., Samsara Inc., and Lytx Inc. collectively hold a significant market share of over 40% in the video telematics industry in 2023. These leading players are focusing on enhancing their video telematics offerings with advanced AI-driven solutions for improved safety and operational efficiency. Additionally, these companies are integrating sustainable practices into their product development to meet increasing regulatory demands and consumer expectations. As the demand for data-driven insights and real-time monitoring grows, these market leaders are at the forefront of innovation, shaping the future of the video telematics industry.

As the video telematics market continues to evolve, companies are also investing in partnerships and acquisitions to expand their reach and capabilities. These strategic moves enable them to offer more comprehensive solutions, integrating video telematics with broader fleet management systems. This trend is expected to further consolidate market leadership and drive innovation in the industry.

Video Telematics Market Companies

Major players operating in the video telematics industry are:

Geotab Inc.
Nauto Inc.
Trimble Inc.
Sensata Technologies
Verizon Communications Inc.
Samsara Inc.
Lytx Inc.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of video telematics reached USD 1.3 billion in 2023 and will grow at a 17% CAGR between 2024 and 2032, fueled by increasing demand for fleet safety and efficiency, as businesses seek to reduce operational risks and costs.

The passenger vehicle segment garnered 87% of the market share in 2023, attributed to the rising adoption of advanced driver assistance systems (ADAS) and the increasing focus on enhancing road safety.

North America market captured 39% share in 2023, driven by advanced automotive sector, widespread adoption of connected vehicle technologies, and stringent safety regulations.

Prominent companies including are Geotab Inc., Nauto Inc., Trimble Inc., Sensata Technologies, Verizon Communications Inc., Samsara Inc., and Lytx Inc., operating in the industry.