Connected car technology is a groundbreaking development in the automotive industry. Many automobile manufacturers offer telematics as a standard feature in new vehicles. European leasing and rental companies embracing telematics technology adopt factory-fit telematics solutions or work with independent telematics companies to install solutions customized to their fleet needs. Features such as emergency calls, roadside assistance, stolen vehicle tracking and recovery, service, maintenance, repair, vehicle diagnostics, and usage-based insurance are widely accepted and used by large leasing and rental companies in Europe.
This Frost Radar™ focuses on connectivity in fleet telematics in the European passenger and light commercial vehicle leasing and rental sector. The key players in the telematics industry offering telematics and fleet management solutions are benchmarked on the Growth and Innovation axes based on their performance and solution offerings to their customers. The companies identified in the Radar™ include Geotab, Verizon Connect, Targa Telematics, Webfleet Solutions, Teltonika Telematics, Octo Telematics, Masternaut, Kuantic, Airmax Remote, and Rentalmatics, offering telematics and fleet management solutions to fleet companies, vehicle leasing companies providing financial and operational leasing, and car rental companies across Europe. The benchmarked companies in this Frost Radar™ offer an overview of their technological innovations and growth strategies in positioning them competitively in the industry.
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