Video Telematics Market Seeking New Highs- Current trends and growth drivers

From the past few years, the fleet Video Telematics has been rising and it is expected to continue as the technology grows and develops in terms of what it offers fleets. As the technology will evolve it will generate more data types that fleets can analyze thus providing more ways to parse with the help of collected data. In addition to this, with the video telematics, organization would able to have a platform which can make sense data, provide predictive analytics and enable businesses to tackle large scale problems. Moreover, with the telematics enterprises will also have ubiquitous functionality in fleet vehicles will help reduce logistical headaches for fleets. Thus, with the adoption of fleet telematics, the opportunities for the video telematics is also expected to boost.

The term telematics is a combination of 2 different sectors telecommunication and informatics. It is a long distance transmission of computerized information. Video telematics usually works on the data collected by the vehicles. The data is collected by the devices installed inside vehicle. This system has evolved from simple vehicle information to pipeline of data that provides a wealth of information about the vehicle and the operator. This information contains clues which provide the information related to areas of improvement, vehicle locations, increasing fuel efficiency, reducing collisions and thus saving lives.

Currently, due to the rise of artificial intelligence (AI) and video analytics have raised the pace of innovation in this space. A video telematics system works by combining video data with the vehicle data and the camera system usually connected to the vehicle's diagnostics port or telematics black box through hard wired connection. The system captures real-time video time video and combines it with the other vehicle specific data such as time, location, speed and a variety of other data from the vehicle's diagnostics port.

Request Sample Report at: https://www.alliedmarketresearch.com/request-toc-and-sample/7151

COVID-19 scenario Analysis:

► The coronavirus (COVID-19) pandemic is still very much an issue affecting both the human life and the economy of almost every country. In addition to this, it has also taken huge percentage of people out of their vehicles, leaving their cars idle in driveways and garage. It is predicted that the telematics might be heading toward a new and shining position within the industry.

► Projections that telematics would be the dominant base for all auto programs have not materialized. There are many reasons, but maybe the COVID-19 pandemic will be the impetus that consumers and insurers need to up adoption rates. In the not-too-distant future.

► However, as per the experts, the COVID-19 may help the telematics to grow as during times of uncertainty, telematics can help leaders see trends in their business and provide a toolset to help them establish a clear path through uncertain economic times. Many organizations have supporting businesses in asset utilization, business integration, and safety. In addition to this, the telematics will also help in fleet management platform, businesses to retune and maintain cost controls to stay agile and on top of any potential business disruptions.

► Moreover, with COVID response, as local fleets practice safe service through social distancing, GPS fleet tracking enables fleet managers to plan their days down to the minute to ensure their workers can get in and out as quickly as possible, notify customers upon arrival and departure of job sites.

► The increased demand from companies that provide key supplies, like food, medicine, and protective medical equipment, has prompted an even greater sense of urgency for real-time shipment and supply chain visibility is also expected to boost the opportunity for the video telematics in the upcoming years.

For Report Customization: https://www.alliedmarketresearch.com/request-for-customization/7151

With the implementation of video telematics, organizations are expecting a significant cost savings. The video telematics provides an obvious savings in case of accidents where drivers are exonerated. In addition to this, extra savings is gained through reduced traffic violations and associated fines which is driving its adoption.

Key benefits of the video telematics market report:

► This study presents the analytical depiction of the global video telematics market along with the current trends and future estimations to determine the imminent investment pockets.

► The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the video telematics market share.

► Porter's five forces analysis illustrates the potency of buyers & suppliers in the market.

► The current market is quantitatively analyzed to highlight the global video telematics market growth scenario.

► The report provides detailed video telematics analysis based on competitive intensity and how the competition will take shape in coming years.

Buy Now & Get Exclusive Discount on this Report:
https://www.alliedmarketresearch.com/checkoutfinal/3ffcd642752485a6c6c5104535be11c7

Access the full summary at: https://www.alliedmarketresearch.com/video-telematics-market-A06786

The major challenge for the video telematics market it the high cost associated with that installation. As the initial configuration of video telematics may require a large investment as well as the maintenance for the same. In addition to that, the cost of fuel may also increase the burden for the organization. Thus, due to the high cost may hinder the growth of the video telematics market.

Key Market Players:

► Nauto, Inc.

► SmartDrive Systems, Inc.

► FleetCam, SureCam

► VisionTrack

► Sensata Technologies

► Lightmetrics Technologies Private Limited

► Netradyne

► Bendix Corporation

► Lytx

► MiX Telematics

Inquiry Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/7151

Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, Europe, or Asia.

If you have any special requirements, please let us know and we will offer you the report as per your requirements.

Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll-Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on: LinkedIn Twitter

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.

AMR launched its user-based online library of reports and company profiles, Avenue. An e-access library is accessible from any device, anywhere, and at any time for entrepreneurs, stakeholders, researchers, and students at universities. With reports on more than 60,000 niche markets with data comprising of 600,000 pages along with company profiles on more than 12,000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients' requirements is complemented with analyst support and customization requests.

This release was published on openPR.