Telematics is an important management tool and has become a vital part of businesses that rely on commercial vehicles. Commercial Vehicle Telematics (CVT) solutions increase fleet efficiency and driver safety. Choosing the right telematics solution is important. Alongside basic engine data monitoring, GPS navigation, and tracking, modern CVT solutions have geofencing, fuel management, 5G technology, artificial intelligence, and many more cutting-edge features.
Telematics is also found in ‘connected cars.’ These telematics solutions include features like live weather, parking, and traffic information on the dashboard, voice-activated features, access to in-car apps, and Facebook integration.
The Commercial Vehicle Telematics market is estimated to grow at a CAGR of 20.7% between 2020 and 2025. This technology is used for tracking and data transfer and can either be integrated with other systems of the vehicle or be used separately.
Check Out top 5 Innovators in the Commercial Vehicle Telematics market:
Omnitracs LLC, founded in 1988 and headquartered in Texas, US, provides fleet management solutions to transportation and logistics companies. Omnitracs’ Roadnet Telematics provides a clear, detailed view of how vehicles and drivers are operating in real-time. This solution monitors maintenance, engine idling, speed levels, safety issues, and many other factors. The key features of Roadnet Telematics include driver management, fleet efficiency, and fleet safety.
The Descartes Systems Group, Inc
The Descartes Systems Group, founded in 1981 and headquartered in Waterloo, Canada, provides fleet and mobile resource management solutions. Its SaaS solution comes with predefined routing and execution, smartphone applications, and vehicle telematics. Descartes Telematics and Compliance is a telematics device that provides GPS tracking, manages Hours of Service (HOS) compliance, International Fuel Tax Agreement (IFTA) compliance, electronic driver logging, and fleet safety.
Microlise Telematics, founded in 1982 and headquartered in Nottingham, UK, provides telematics & delivery solutions for commercial vehicles. Its CVT solution improves vehicle utilization, reduces fuel costs, and boosts driver performance. It gives complete visibility into fleet operations in real time and helps in data analysis. Products from Microlise include Vehicle & Fleet Telematics, Safety, Health & Compliance, Journey Management, and Delivery Management.
Enterprise Fleet Management
Enterprise Fleet Management was founded in 1957 and is headquartered in Missouri, US. It is a full-service fleet management company that offers vehicle services such as maintenance management, fleet telematics, and fuel management. Enterprise Fleet Management provides multiple solutions in the vehicle telematics space, including Advanced Fleet Telematics, Fleet Management Reporting Platform, Mobile Apps, and Vehicle Accident Management.
Emkay was founded in 1946 and is headquartered in Illinois, US. It provides vehicle financing and fleet management solutions. Its telematics solutions provide better insights into vehicle operations and increase productivity while reducing total fleet operating expenditures. Emkay has developed multiple mobile applications that provide customers and drivers with complete, on-the-go access to fleet data. Its website provides a central hub for fleet data and is easy to use. The Emkay driver website enables drivers to become independent in managing their vehicles.
All Innovators in the Commercial Vehicle Telematics market are listed on 360Quadrants.com.