Market Share of Video Telematics Industry
The video telematics market is highly fragmented, with the presence of major players like SmartWitness (Sensata Technologies), Verizon Connect (Verizon Communications Inc.), Omnitracs (Solera Holdings Inc.), FleetCam (Pty) Ltd, and VisionTrack. Players in the market are adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain sustainable competitive advantage.
- October 2023 - Verizon Connect announced that the new Artificial Intelligence Dashcam solution is available in selected nations in EMEA and APAC. Delivering an array of advanced fleet innovations, the AI Dashcam provides more insights into dangerous events for fleet managers. It gives drivers real-time, in-cab coaching alerts during high-risk driving behaviors.
- October 2023 - Lytx Inc. announced the rollout of its Weather Hazard Alerts, available to all clients as a project within the Lytx Lab tab in their accounts. This new AI-powered geospatial technology created on the Lytx Vision Platform was developed within Lytx Lab, an idea incubator and a way for Lytx engineers and safety experts to collaborate with customers to address market needs. Weather Hazard Alerts allow fleet managers to get notifications based on geospatial criteria and NOAA weather data to enable real-time decision-making for safer and more efficient driving.
Video Telematics Market Leaders
SmartWitness (Sensata Technologies)
Verizon Connect (Verizon Communications Inc.)
Omnitracs (Solera Holdings Inc.)
FleetCam (Pty) Ltd
VisionTrack
*Disclaimer: Major Players sorted in no particular order
