Frost Radar™: Telematics in Vehicle Leasing & Rental Markets in the Americas
Published on: 28-Apr-2023 | SKU: AU02523-NA-MR_27609

Need more details?
$4,950.00
DownloadLink
Need more details?

Despite the slump and slow recovery in automotive sales following the pandemic and ongoing semiconductor shortages, the vehicle leasing and rental industry in the Americas is on a robust growth trajectory. The Americas denotes Canada, the United States, Argentina, Brazil, and Mexico. Leasing and rental companies in North America and Latin America favor implementing telematics and fleet management solutions in their fleets. Growing concerns among fleet companies, primarily in Latin America, about vehicle theft, negligent driving, and increased road fatalities demand feature-rich connected technologies that prioritize safety, security, and fleet management functions. With telecom and technology companies expanding their portfolio into the internet of things (IoT) solutions, it is imperative that these industry stakeholders extend partnerships with telematics companies and offer fleet management solutions that benefit fleet companies, corporates, and other stakeholders in the vehicle leasing and rental ecosystem.

Connected features enabled by advanced IoT, artificial intelligence (AI), and machine learning technologies in automotive telematics will help vehicle leasing and rental companies to incorporate new functionalities, such as ADAS, video safety, and keyless access to their fleets.

The emergence of connected car solutions and safety standards within the shared mobility sector will also boost the growth of insurance telematics across leasing and rental fleets to help companies determine insurance claims and premium calculations based on telematics data.

This Frost Radar™ focuses on fleet telematics in the passenger and light commercial vehicle leasing and rental markets. Frost & Sullivan independently plotted the top 10 companies in this analysis: CalAmp, Danlaw, Powerfleet, Guidepoint Systems, Geotab, Verizon Connect, Ituran, Zubie, IMS, and Golfleet. The 10 companies plotted on the Frost Radar™ are benchmarked on 2 primary factors: (1) Innovation, which enables them to offer cutting-edge solutions, and (2) Growth, which allows these companies to hold a strong market position and influence growth trends in the market.

Strategic Imperative

Growth Environment

Growth Environment (continued)

Frost Radar™: Telematics in Vehicle Leasing & Rental Markets in the Americas

Frost Radar™: Competitive Environment

Frost Radar™: Competitive Environment (continued)

Frost Radar™: Competitive Environment (continued)

Frost Radar™: Competitive Environment (continued)

CalAmp

Ituran

Powerfleet

Guidepoint Systems

Geotab

Verizon Connect

Danlaw

IMS

Zubie

Golfleet

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

Legal Disclaimer

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.

Have questions about this research or need deeper insights?
Speak directly with our analytics experts for tailored recommendations.
Purchase includes:
  • Report download
  • Growth Dialog™ with our experts

Growth Dialog™

A tailored session with you where we identify the:
  • Strategic Imperatives
  • Growth Opportunities
  • Best Practices
  • Companies to Action

Impacting your company's future growth potential.

Despite the slump and slow recovery in automotive sales following the pandemic and ongoing semiconductor shortages, the vehicle leasing and rental industry in the Americas is on a robust growth trajectory. The Americas denotes Canada, the United States, Argentina, Brazil, and Mexico. Leasing and rental companies in North America and Latin America favor implementing telematics and fleet management solutions in their fleets. Growing concerns among fleet companies, primarily in Latin America, about vehicle theft, negligent driving, and increased road fatalities demand feature-rich connected technologies that prioritize safety, security, and fleet management functions. With telecom and technology companies expanding their portfolio into the internet of things (IoT) solutions, it is imperative that these industry stakeholders extend partnerships with telematics companies and offer fleet management solutions that benefit fleet companies, corporates, and other stakeholders in the vehicle leasing and rental ecosystem. Connected features enabled by advanced IoT, artificial intelligence (AI), and machine learning technologies in automotive telematics will help vehicle leasing and rental companies to incorporate new functionalities, such as ADAS, video safety, and keyless access to their fleets. The emergence of connected car solutions and safety standards within the shared mobility sector will also boost the growth of insurance telematics across leasing and rental fleets to help companies determine insurance claims and premium calculations based on telematics data. This Frost Radar™ focuses on fleet telematics in the passenger and light commercial vehicle leasing and rental markets. Frost & Sullivan independently plotted the top 10 companies in this analysis: CalAmp, Danlaw, Powerfleet, Guidepoint Systems, Geotab, Verizon Connect, Ituran, Zubie, IMS, and Golfleet. The 10 companies plotted on the Frost Radar™ are benchmarked on 2 primary factors: (1) Innovation, which enables them to offer cutting-edge solutions, and (2) Growth, which allows these companies to hold a strong market position and influence growth trends in the market.
More Information
Deliverable Type Frost Radar
Author Rajesh Depores
Industries Automotive
No Index No
Is Prebook No
Keyword 1 Commercial Vehicle Telematics Market
Keyword 2 Vehicle Leasing And Rental Industry
Keyword 3 Commercial Vehicle Leasing
Podcast No
WIP Number K886-01-00-00-00

Frost Radar™: Telematics in Vehicle Leasing & Rental Markets in the Americas

AutomotiveFrost Radar™: Telematics in Vehicle Leasing & Rental Markets in the Americas

A Benchmarking System to Spark Companies to Action—Innovation that Fuels New Deal Flow and Growth Pipelines

RELEASE DATE
28-Apr-2023
REGION
North America
Deliverable Type
Frost Radar
Research Code: K886-01-00-00-00
SKU: AU02523-NA-MR_27609
AvailableYesPDF Download
$4,950.00
In stock
SKU
AU02523-NA-MR_27609