Top 5 Trends of Telematics Industry
Telematics is an innovative field that combines computer science, telecommunication, electrical engineering, and vehicular technology. It is beneficial for various businesses like transportation, logistics, delivery, etc. The modern fleet management systems are also based on the principles of telematics. These monitoring solutions help companies to run their operations with efficiency. The telematics industry has expanded exponentially over the years. Its global market size is expected to be around 103 billion dollars. With time, there have been many advancements in the telematics industry giving rise to new trends. We will look into the latest ones in detail here. Data Integration: Data is at the core of fleet operations. It is integral for an efficient tracking solution to provide a centralized platform for extracting and sending data. As there are various areas involved in the functioning of the fleet, many solutions are required for facilitation as well. From the financia...