Description

The Growth Opportunities in the Global Video Telematics Market research analyzes the global video telematics solutions market (2022-2027) and presents an overview of growth opportunities and implications. Growing awareness on video telematics solutions in North America and Europe has drawn the attention of telematics service providers, OEMs, Tier-1s and other ecosystem partners globally, as they are actively looking to foray into the market through partnerships, investments, and acquisitions. The integration of traditional telematics, advanced driver-assistance systems (ADAS), artificial intelligence (AI), and machine learning (ML) with video telematics solutions to offer a one-stop-shop solution will be the key trend in the short term. An open telematics platform will facilitate partnerships and integrations which will be a significant attribute for portfolio and geographical expansion. Europe and LATAM present huge short-term opportunities while North America will continue to dominate the video telematics market with more than 80% share globally. Collaborations between video telematics vendors, telematics service providers, OEMs and Tier-1s will intensify as they try to push more connected video solutions in the market. A marketplace approach by TSPs will help video telematics vendors to host and sell products on TSPs’ platforms while partnerships with OEMs will help roll out factory-fit solutions which will help them garner new customers.