Connect with us

Technology

Car Sharing Telematics Market to Reach $872.8 Million, Globally, by 2033 at 13.2% CAGR: Allied Market Research

Published

on

The car sharing telematics market is growing due to increasing demand for efficient urban mobility solutions, rising environmental awareness, and advancements in IoT technology.

WILMINGTON, Del., Aug. 27, 2024 /PRNewswire/ — Allied Market Research published a report, titled, “Car Sharing Telematics Market by Service (Automatic Crash Notification, Emergency, Navigation, Assistance & Access, Diagnostics, Fleet Management, Billing and Others), Business Model (Subscription-based Model, Pay per use Model, Corporate Fleet Management, Partnerships with OEMs and Others), Form (Embedded, Tethered and Integrated), and Component (GPS Receiver, Accelerometer, Engine Interface, Sim Card, Software and Others): Global Opportunity Analysis and Industry Forecast, 2024-2033″. According to the report, the car-sharing telematics market was valued at $259.3 million in 2023, and is estimated to reach $872.8 million by 2033, growing at a CAGR of 13.2% from 2024 to 2033.

Prime determinants of growth 

Growing environment concerns and increasing urbanization are two prime factors driving the growth of global car sharing telematics market. Furthermore, high investment cost and data privacy issues are two significant factors restraining the growth of global car sharing telematics market. Moreover, integration with mobile applications factor provides an important opportunity for the growth of global car sharing telematics market. 

Request Sample of the Report on Car Sharing Telematics Market Forecast 2033: https://www.alliedmarketresearch.com/request-sample/A238778

Report coverage & details: 

Report Coverage   

Details   

Forecast Period  

2024-2033 

Base Year  

2023

Market Size in 2023 

$259.3 million 

Market Size in 2033  

$872.8 million 

CAGR  

13.2 %

No. of Pages in Report  

454

Segments Covered  

Service, Business Model, Form, Component and Region.  

Drivers  

Growing environmental concerns  

Increasing urbanization 

Opportunities 

Integration with mobile applications 

Restraint  

High investment cost 

Data privacy issues 

Procure Complete Report (454 Pages PDF with Insights, Charts, Tables, and Figures): https://www.alliedmarketresearch.com/checkout-final/car-sharing-telematics-market-A238778

Segment Highlights 

Based on service, the fleet management segment dominated the market in 2023. This is because fleet management solutions are essential for car-sharing operators to track and monitor their vehicles in real time, optimize routes, manage vehicle maintenance, and ensure efficient operations. Meanwhile, the automatic crash notification (ACN) is expected to grow at an increasing rate in the market. This is because automatic crash notification is crucial for ensuring the well-being of car-sharing users. The automatic crash notification is not directly related to hardware. Integrating ACN capabilities into telematics hardware can enhance the safety and security of shared vehicles, making it an important consideration for car-sharing operators.

By business model, the subscription-based model segment dominated the market in 2023, as it involves users paying a recurring fee for access to the car-sharing service, which often includes the cost of telematics hardware and services. Meanwhile, the pay-per-use model is expected to grow at a significant rate in the market, as this model is attractive to occasional users and those who prefer a more cost-effective option compared to traditional car ownership.

Based on form, the embedded segment dominated the market in 2023. This is because embedded telematics systems are integrated directly into the vehicle during the manufacturing process, providing seamless connectivity and functionality. Meanwhile, the tethered and integrated segments are expected to grow at a significant rate as it offer upfront costs and easier retrofitting for existing vehicles, 

Based on component, the GPS receiver segment dominated the market in 2023. This is because it enables fleet managers to monitor vehicle movements, optimize routing, and ensure efficient allocation of resources. GPS technology also plays a vital role in enhancing the security of shared vehicles by enabling features such as geofencing and stolen vehicle recovery. Meanwhile, the software segment is expected to grow at a significant rate in the market. This is because fleet management software facilitates vehicle tracking, reservation management, billing, and customer support. Advanced analytics software enables operators to derive insights from telematics data, optimize fleet utilization, and improve operational efficiency.

Regional Outlook 

Based on region, the North America region dominated the market in 2023. This is due to the region’s strong infrastructure, technological advancements, and high adoption rates of car-sharing services, contributing to the leadership in this market segment. Meanwhile, the Asia-Pacific region is expected to grow at an increasing rate. This is due to growing automotive technology startups in the region. 

To Talk With Our Industry Expert @ https://www.alliedmarketresearch.com/connect-to-analyst/A238778

Key Market Players:

Cal/AmpGeotab Inc.Invers GmbHOcto Group SpaRidecell Inc.Samsara Inc.VerizonVulogMobility Tech GreenTarga TelematicOpenfleetWeGo BVFleesterMoC SharingConvadis AG

The report provides a detailed analysis of these key players in the global car-sharing telematics market. These players have adopted different strategies such as new product launches and partnerships to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario. 

Recent Developments:

In June 2022, Samsara Incorporation partnered with Free2move, a global provider of linked data, fleet, and mobility services, a division of Stellantis and formed a new solution. Through the new solution customers have access to Stellantis embedded telemetry data, including GPS location, engine hours, fuel consumption, and tire pressure.In September 2023, Thrifty Car & Van Rental Company launched Flexi Connect solution. It gives companies access to a fleet of long-term rental cars that individual employees can reserve for as minimum as 15 minutes at a time and get rapid access via a secure radio frequency identification (RFID) card or a mobile smartphone.In June 2022, Geotab, a leader in the world of IoT and connected transportation solutions, partnered with Renault to integrate its My Geo tab fleet management platform with the telematics capabilities of Renault cars. This strategy was implemented to help the fleet managers to take educated decisions and offer connectivity solutions to fleets of any size.In May 2024, Invers GmbH launched fleet guard solution for theft and joyride detection in car sharing. Fleet Guard is a software-only product that uses high-quality real-time vehicle data from CloudBoxx. CloudBoxx is a car sharing telematics unit that is trusted by many users.In October 2023, OCTO Telematics entered into a partnership with Flexcar, the smart alternative to car ownership, focused on adding OCTO’s connected vehicle capabilities to Flexcar’s fleet across the United States. Flexcar wants to make sure that its cars are always being checked for the best possible condition and that OCTO can help out in the case of an accident.

Explore More Trending Report

Vehicle Tracking System Market Size, Share, Competitive Landscape and Trend Analysis Report, by Type, Vehicle Type, Technology and Component : Global Opportunity Analysis and Industry Forecast, 2021-2030

Used Bike Market Size, Share, Competitive Landscape and Trend Analysis Report, by Distribution channel, by Source, by Engine capacity, by Type, by Propulsion : Global Opportunity Analysis and Industry Forecast, 2021-2031

Aircraft Gearbox Market Size, Share, Competitive Landscape and Trend Analysis Report, by Application, by Component, by End Use, by Sales Channel : Global Opportunity Analysis and Industry Forecast, 2021-2031

Military aircraft communication avionics Market Size, Share, Competitive Landscape and Trend Analysis Report, by Aircraft Type, by Component, by Sales Channel, by Solution : Global Opportunity Analysis and Industry Forecast, 2020-2030

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research 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 to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
USA/Canada (Toll Free):
+1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-800-792-5285
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
AMR Resource Center: https://www.alliedmarketresearch.com/resource-center

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg

 

View original content:https://www.prnewswire.co.uk/news-releases/car-sharing-telematics-market-to-reach-872-8-million-globally-by-2033-at-13-2-cagr-allied-market-research-302231431.html

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

11:11 Systems Announces Strategic Partnership with Cato Networks to Deliver SASE Solution for Distributed Enterprises

Published

on

By

New Managed Secure Access Service Edge (SASE) solution combines SD-WAN, cloud-native networking and security capabilities with 11:11’s connectivity, cyber resilience and cloud expertise

SYDNEY, July 22, 2026 /PRNewswire/ — 11:11 Systems, a leading managed infrastructure solutions provider, today announced the global availability of its 11:11 Managed Secure Access Service Edge (SASE) solution and a new strategic partnership with Cato Networks.

11:11 Managed SASE is a fully managed secure connectivity solution leveraging Cato Networks AI-native network security platform. This solution brings together intelligent SD-WAN, cloud-delivered security and global connectivity into a single offering. It enables organisations to simplify and secure access across branch offices, data centres, users and cloud environments, reducing complexity without sacrificing performance or control.

Built on the Cato Networks cloud-native SASE platform, 11:11 Managed SASE combines zero trust network access (ZTNA), firewall as a service (FWaaS), secure web gateway (SWG), cloud access security broker (CASB), advanced threat protection and centralised visibility into a unified managed experience. 11:11 also delivers 24x7x365 monitoring and support, incident management integration and operational accountability to help customers limit vendor sprawl, increase agility and free internal teams to focus on higher-value priorities.

The offering is backed by 11:11’s broader networking, cloud and cyber resilience capabilities. Through its global backbone, carrier-agnostic connectivity options and integrated portfolio spanning cloud, backup, disaster recovery and security services, 11:11 gives customers a practical path to modernise network and security architecture while strengthening resilience across the business.

“Enterprises are under pressure to support users, applications and locations that are more distributed than ever, while limiting complexity and improving security,” said Justin Giardina, CTO, 11:11 Systems. “Our Managed SASE solution provides customers with a unified approach to modernising networking and security, along with the visibility, support and flexibility they need to thrive in a rapidly changing environment.”

According to Karl Soderlund, global channel chief, Cato Networks, “As enterprises move beyond fragmented legacy networking and security stacks, they need a simpler way to gain visibility, context and control across hybrid work environments and reduce the operational burden on IT. Through our partnership, we can address these challenges head on and deliver end-to-end visibility and protection in a single service built for the reality of modern work.”

The joint offering is well suited for distributed enterprises, multi-site organisations, hybrid workforce initiatives, SD-WAN refreshes, security modernisation efforts and businesses with limited IT resources. 11:11 meets customers where they are by supporting existing environments, simplifying multi-vendor operations and serving as a single provider accountable for network, security, cloud and data integration.

This partnership expands 11:11’s Network as a Service portfolio and follows Forrester’s inclusion of 11:11 Systems in its report, “The Secure Access Service Edge Services Landscape, Q1 2026.”

About 11:11 Systems

11:11 Systems is a managed infrastructure solutions provider that empowers customers to modernise, protect and manage mission-critical applications and data, leveraging 11:11’s resilient cloud platform. Learn more at www.1111Systems.com and follow 11:11 on LinkedIn.

View original content:https://www.prnewswire.com/apac/news-releases/1111-systems-announces-strategic-partnership-with-cato-networks-to-deliver-sase-solution-for-distributed-enterprises-302830322.html

SOURCE 11:11 Systems

Continue Reading

Technology

Crowell & Moring Expands Financial Services Group with Former UBS Bank USA General Counsel Cristina Diaz

Published

on

By

NEW YORK, July 21, 2026 /PRNewswire/ — Crowell & Moring has added Cristina Diaz, former executive director and general counsel of UBS Bank USA, and most recently head of legal for UBS’s U.S. Remediation Management Office, to the firm’s Financial Services Group as senior counsel in New York. Diaz brings more than two decades of in-house counsel and law firm experience in bank regulation, compliance, and risk management.

At Crowell, Diaz will counsel banks, fintechs, and digital assets companies on a broad range of bank regulatory matters, including charters and licensing, permissible activities, capital requirements, regulatory enforcement, M&A, and corporate governance. She will also counsel clients navigating the intersection of traditional banking and emerging financial services, including digital assets companies seeking to acquire or establish national banks, and banks exploring partnerships with fintechs and digital assets firms.

At UBS, Diaz advised on the firm’s most pressing regulatory matters, including most recently UBS Bank USA’s charter conversion from a Utah industrial bank to an OCC national bank and key compliance remediations. This work gave Diaz extensive experience navigating relationships with state and federal financial regulators. Earlier in her career, Diaz spent eight years at Davis Polk & Wardwell advising U.S. and foreign banks on bank regulatory matters, M&A, and capital markets transactions.

“Cristina is a highly experienced, solution-oriented attorney who brings deep knowledge in the bank regulatory space. She will be an enormous asset to the firm’s growing regulatory and transactional offerings to banks, digital assets businesses, and fintechs,” said Carlton Greene, Co-Chair of Crowell’s Financial Services Group.

“I am delighted to join Crowell & Moring and integrate my bank regulatory experience with the firm’s nationally-recognized digital assets practice. As traditional banking and emerging financial technologies continue to evolve, clients need actionable and sophisticated legal counsel. Crowell offers the collaborative platform to help institutions successfully execute their growth and compliance strategies,” said Diaz.

Diaz received her J.D. from New York University School of Law, where she was a member of the New York University Law Review, and received her B.A., summa cum laude, from New York University. She is fluent in Spanish.

About Crowell & Moring LLP
Crowell & Moring is an international law firm with operations in the United States, Europe, and MENA. Drawing on significant government, business, industry, and legal experience, the firm helps clients capitalize on opportunities and provides creative solutions to complex regulatory and policy, litigation, transactional, and intellectual property issues. The firm is consistently recognized for its commitment to pro bono service, as well as its comprehensive programs and initiatives to advance the professional and personal development of all members of the Crowell community.

Media Contact:
Email: prteam@crowell.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/crowell–moring-expands-financial-services-group-with-former-ubs-bank-usa-general-counsel-cristina-diaz-302831280.html

SOURCE Crowell & Moring LLP

Continue Reading

Technology

Quantinuum and SoftBank Corp. Publish Joint White Paper on Scaling Practical Quantum Computing Use Cases Toward the Fault-Tolerant Era

Published

on

By

The companies have published a joint white paper mapping commercially relevant quantum computing use cases in quantum chemistry and graph analytics to Quantinuum’s hardware roadmap.The paper provides a framework for assessing how advances in quantum hardware and algorithms, could affect when practical industrial applications become feasible.SoftBank Corp. and Quantinuum will use the roadmap to inform their exploration of future quantum AI data center services and related business models.

TOKYO and BROOMFIELD, Colo., July 22, 2026 /PRNewswire/ — Quantinuum (NASDAQ: QNT) and SoftBank Corp. (“SoftBank”) today announced the publication of “Quantum Computing Frontiers,” a joint white paper that maps two commercially-relevant quantum computing application areas against Quantinuum’s hardware roadmap. The analysis examines how advances in quantum hardware and algorithms could affect when these applications become practical for industrial use.

The paper focuses on two representative application domains that SoftBank is actively using Quantinuum’s systems to research: quantum chemistry for new materials discovery and energy research, and topological data analysis for large-scale graph analytics, including for telecommunications fraud detection. The authors anchor their assessment of the scalability of these two application areas against Quantinuum’s published hardware roadmap, examining how projected advances in hardware capabilities and algorithms may enable the commercial readiness of future industrial applications.

Building on this use-case roadmap, the paper also examines how quantum computing, AI, and high-performance computing could be integrated into future computing infrastructure. It considers how progress across successive hardware generations could inform future quantum AI data center services and related business models, a key focus of the Quantinuum and SoftBank partnership announced last year.

“The key takeaway of this study is that organizations do not need to wait for large-scale, fault-tolerant systems to explore where quantum computing can begin creating value,” said Duncan Jones, General Manager, Applications Group at Quantinuum. “By using today’s systems to develop, benchmark and refine applications in areas such as quantum chemistry and graph analytics, enterprises can build the technical and operational readiness needed for the next era of quantum-enabled computing.”

“The question is no longer whether quantum computing may deliver value, but rather which problem classes become executable at which stage of hardware maturity,” said Ryuji Wakikawa, Senior Vice President & CTO at SoftBank Corp. “However, we believe progress in hardware must be complemented by equally strong developments in quantum algorithms and the integration of quantum systems with AI and high-performance computing.”

The white paper discusses illustrative scenarios describing how representative applications, technology maturity, and potential market opportunities may evolve over time under stated assumptions. The analysis provided in the paper is intended to provide a conceptual framework for understanding potential market evolution and does not represent financial guidance or forecasts. These analyses are intended to support discussion of future technology development and should not be interpreted as commitments regarding commercialization, infrastructure investment, products, services, or financial performance.

The full white paper is available to download on the SoftBank and Quantinuum websites.

About SoftBank Corp.

Guided by the SoftBank Group’s corporate philosophy, “Information Revolution – Happiness for everyone,” SoftBank Corp. (TOKYO: 9434) operates telecommunications and IT businesses in Japan and globally. Building on its strong business foundation, SoftBank Corp. is aiming to activate the potential of AI across its businesses and drive implementation in line with its “Activate AI for Society” growth strategy. While further growing its telecom business, SoftBank is expanding its AI computing infrastructure and AI and Cloud service businesses with the aim of becoming a provider of Next-generation Social Infrastructure. To learn more, please visit https://www.softbank.jp/en/corp/

About Quantinuum

Quantinuum (NASDAQ: QNT) is a leading quantum computing company offering a full-stack platform designed to make quantum computing deployable in real-world environments. The company has commercially deployed multiple generations of quantum systems built on the well-established QCCD architecture, which it has implemented with novel designs and capabilities to achieve the industry’s highest accuracy levels based on average two-qubit gate fidelity.[1] Quantinuum has active engagements with market leaders across pharmaceuticals, material science, financial services, and government and industrial markets. The company has a global workforce of approximately 700 employees, including top scientists and researchers. Over 70% of its technology team holds PhDs or Master’s degrees. Quantinuum’s headquarters is in Broomfield, Colorado, with additional facilities across the United States, United Kingdom, Germany, Japan, Qatar, and Singapore.

For more information, please visit www.quantinuum.com.

Cautionary Statement Concerning Forward-Looking Statements

This press release contains certain statements that may be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts. The words “anticipate,” “assume,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “future,” “will,” “seek,” “foreseeable,” the negative version of these words, or similar terms and phrases are intended to identify forward-looking statements. Such statements are based on certain assumptions and assessments made by our management in light of their experience and their perception of historical trends, current economic and industry conditions, expected future developments and other factors they believe to be appropriate. The forward-looking statements included in this release are also subject to a number of material risks and uncertainties, including but not limited to economic, competitive, governmental, and technological factors affecting our operations, markets, products, services and prices. New factors emerge from time to time, and it is not possible for Quantinuum to predict all such factors. Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, Quantinuum does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

 

[1] As of December 31, 2025.

SOURCE Quantinuum

Continue Reading

Trending