Connected car technology is a groundbreaking trend 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 market. 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™ study 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 market.
Author: Rajesh Depores
Strategic Imperative
Growth Environment
Growth Environment (continued)
Frost Radar™: European Vehicle Leasing and Rental Market
Frost Radar™: Competitive Environment
Frost Radar™: Competitive Environment (continued)
Frost Radar™: Competitive Environment (continued)
Geotab
Webfleet Solutions
Targa Telematics
Verizon Connect
Octo Telematics
Teltonika Telematics
Masternaut
Airmax Remote
Kuantic
RentalMatics
Strategic Insights
Significance of Being on the Frost Radar™
Frost Radar™ Empowers the CEO’s Growth Team
Frost Radar™ Empowers Investors
Frost Radar™ Empowers Customers
Frost Radar™ Empowers the Board of Directors
Frost Radar™: Benchmarking Future Growth Potential
Frost Radar™: Benchmarking Future Growth Potential
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Frost Radar™: Benchmarking Future Growth Potential 2 Major Indices, 10 Analytical Ingredients, 1 Platform
Growth Index
Growth Index (GI) is a measure of a company’s growth performance and track record, along with its ability to develop and execute a fully aligned growth strategy and vision; a robust growth pipeline system; and effective market, competitor, and end-user focused sales and marketing strategies.
- Market Share (previous 3 years)
This is a comparison of a company’s market share relative to its competitors in a given market space for the previous 3 years. - Revenue Growth (previous 3 years)
This is a look at a company’s revenue growth rate for the previous 3 years in the market/industry/category that forms the context for the given Frost Radar™. - Growth Pipeline
This is an evaluation of the strength and leverage of a company’s growth pipeline system to continuously capture, analyze, and prioritize its universe of growth opportunities. - Vision and Strategy
This is an assessment of how well a company’s growth strategy is aligned with its vision. Are the investments that a company is making in new products and markets consistent with the stated vision? - Sales and Marketing
This is a measure of the effectiveness of a company’s sales and marketing efforts in helping it drive demand and achieve its growth objectives.
Innovation Index
Innovation Index (II) is a measure of a company’s ability to develop products/ services/ solutions (with a clear understanding of disruptive Mega Trends) that are globally applicable, are able to evolve and expand to serve multiple markets and are aligned to customers’ changing needs.
- INNOVATION SCALABILITY
This determines whether an organization’s innovations are globally scalable and applicable in both developing and mature markets, and also in adjacent and non-adjacent industry verticals. - RESEARCH AND DEVELOPMENT
This is a measure of the efficacy of a company’s R&D strategy, as determined by the size of its R&D investment and how it feeds the innovation pipeline. - PRODUCT PORTFOLIO
This is a measure of a company’s product portfolio, focusing on the relative contribution of new products to its annual revenue. - MEGATRENDS LEVERAGE
This is an assessment of a company’s proactive leverage of evolving, long-term opportunities and new business models, as the foundation of its innovation pipeline. - CUSTOMER ALIGNMENT
This evaluates the applicability of a company’s products/services/solutions to current and potential customers, as well as how its innovation strategy is influenced by evolving customer needs.
Significance of Being on the Frost Radar™
Companies plotted on the Frost RadarTM are the leaders in the industry for growth, innovation, or both. They are instrumental in advancing the industry into the future.
- GROWTH POTENTIAL
Your organization has significant future growth potential, which makes it a Company to Action. - BEST PRACTICES
Your organization is well positioned to shape Growth Pipeline™ best practices in your industry. - COMPETITIVE INTENSITY
Your organization is one of the key drivers of competitive intensity in the growth environment. - CUSTOMER VALUE
Your organization has demonstrated the ability to significantly enhance its customer value proposition. - PARTNER POTENTIAL
Your organization is top of mind for customers, investors, value chain partners, and future talent as a significant value provider.
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Impacting your company's future growth potential.
| Deliverable Type | Frost Radar |
|---|---|
| Author | Rajesh Depores |
| Industries | Automotive |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | Europe Telematics Market |
| Keyword 2 | european leasing market |
| Keyword 3 | Vehicle Leasing market |
| Podcast | No |
| WIP Number | MGME-01-00-00-00 |
Frost Radar™: Telematics in the European Vehicle Leasing and Rental Market, 2022
A Benchmarking System to Spark Companies to Action - Innovation that Fuels New Deal Flow and Growth Pipelines
13-Dec-2022
Europe
Frost Radar
