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Car Sharing Telematics Market Share

Report ID: GMI7954
Published Date: Jan 2024
Report Format: PDF

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Car Sharing Telematics Market Share

Geotab Inc. holds the around 20% of the total market share, attributed to its advanced technology, robust solutions, and extensive partnerships, offering comprehensive fleet management and vehicle tracking services to businesses globally. These market players are employing various strategies to bolster their global presence. This involves dedicating resources to research and development to create inventive solutions, forging strategic alliances, securing crucial technologies, and consistently adjusting products to meet the changing cybersecurity threats. This approach also guarantees a competitive advantage in the ever-shifting market terrain.

Car Sharing Telematics Market Companies

Major players operating in the car sharing telematics industry are:

Cal/Amp
Geotab Inc.
INVERS GmbH
Octo Group S.p.A
Ridecell, Inc
Samsara Inc.
Verizon
Vulog

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of car sharing telematics was reached USD 283.4 million in 2023 and is set to expand at over 11% CAGR from 2024 to 2032, driven by the increasing influx of companies venturing into this transformative sector through strategic initiatives.

The embedded vehicles segment held 48% share of the car sharing telematics industry in 2023 and is projected to gain significant traction through 2032, driven by the surging need to offer seamless connectivity for enhancing user experience and operational efficiency.

Asia Pacific held more than 35% revenue share of the car sharing telematics market in 2023 and is estimated to record substantial revenue by the end of 2032, owing to rapid urbanization, increased traffic congestion, and the growing focus on sustainable transportation solutions.

Some of the leading car sharing telematics firms are INVERS GmbH, Cal/Amp, Samsara Inc., Geotab Inc., Verizon, Vulog, Octo Group S.p.A, and Ridecell, Inc.