Global carsharing users to reach 269 million by 2027

According to a new research report by IoT analyst firm Berg Insight, the number of users of carsharing services worldwide is forecasted to grow from 123.4 million people in 2022 at a compound annual growth rate (CAGR) of 16.9% to reach 269.4 million people in 2027. Berg Insight forecasts that the number of vehicles used

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The installed base of aftermarket car telematics devices reached 92.2 million in 2022, says Berg Insight

According to a new research report from the IoT analyst firm Berg Insight, the number of active aftermarket car telematics units will grow at a compound annual growth rate (CAGR) of 11.7% from 92.2 million at the end of 2022 to 160.7 million worldwide at the end of 2027. Berg Insight’s definition of an aftermarket

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The rental, leasing car telematics market is expected to grow at a CAGR of 17.6% in next 5 years, says Berg Insight

Gothenburg, Sweden. 17 February 2023 – The installed base of telematics devices in the car rental and leasing market in Europe and North America reached 5.6 million in 2021 according to a new market research report from the IoT analyst firm Berg Insight.

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The installed base of aftermarket car telematics devices reached 87.4mn in 2021

Gothenburg, Sweden. 18 May 2022 – According to a new research report from the IoT analyst firm Berg Insight, the number of active aftermarket car telematics units will grow at a compound annual growth rate (CAGR) of 11.6% from 87.4 million at the end of 2021 to 151.6 million at the end of 2026. Berg

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Rental and leasing car telematics to grow at a CAGR of 15.7% in next 5 years, says Berg

The installed base of telematics devices in the car rental and leasing market reached 5.0 million in 2020 according to a new market research report from the IoT analyst firm Berg Insight.

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Global public carsharing fleet will reach almost 1mn vehicles worldwide in 2025

According to a new research report by IoT analyst firm, Berg Insight, the number of users of carsharing services worldwide is forecasted to grow from 71.9 million people in 2020 at a compound annual growth rate (CAGR) of 21.5% to reach 190.3 million people in 2025.

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More significant movement at the edge

In his latest Ecosystem column, Antony Savvas charts recent developments at the edge and new ownership for IoT corporate verticals.

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Software AG launches new Terracotta DB In-Memory Data platform for high performance computing at scale

Software AG announced the availability of Terracotta DB, a new generation, distributed, In-Memory Database platform that delivers high-speed performance for combined operational and analytical processing.

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Zen and the art of automatic car maintenance

How safe are our cars, really? While we may be excellent drivers, that means nothing if the car itself is suffering from mechanical faults. Cars over a certain age are obliged to undergo MOT certification every year, but during the 12 months between checks, there’s actually no legal need to undergo regular maintenance.

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Learning the data, automatically – Part 2

Part one of this series looked at how the data collected by autonomous cars can be analysed and used by insurers and car manufacturers to constantly develop and improve both vehicles and their risk. The next step is to consider how that data can be used and ‘learnt’ by the cars themselves.

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Octo Telematics forges IoT solutions partnership with digital insurance tech giant Guidewire

Octo Telematics, a global provider of telematics and data analytics solutions for the auto insurance industry, and Guidewire Software, Inc., a provider of software products to general insurers, have announced that Octo has joined Guidewire PartnerConnect™ as a Solution Partner.

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Learning the data, automatically

Anyone that uses Amazon or Netflix will be familiar with their suggested algorithms. These learn from the products and films that customers regularly view and purchase to understand their buying or watching habits and provide them with products that correspond to their interests.

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Usership vs Ownership: would you rent your car to a neighbour?

What’s the fastest car on the road? A rental car. And it is exactly this adage that presents one of the biggest barriers to the successful application of peer-to-peer car sharing.

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ADAS, the first steps towards the autonomous car

Andrew Lee, head of Market Intelligence and Analysis at Octo Telematics looks at the ADAS systems currently being installed in today’s cars and says they are the first steps towards the driverless car of tomorrow.

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Greater impact and a broader reach for telematics in 2016

There is a critical need for better value insurance, safety measures to reduce the number of road accidents, as well as improved efficiency to ease ever increasing traffic congestion. Octo anticipates that 2016 will be another exciting year in telematics as new technologies add more value to insurance propositions.

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Octo picks Telenor for global connectivity

Octo Telematics has selected M2M pioneer Telenor Connexion as its global provider of embedded connectivity.

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