Growth Opportunities in Connectivity Technology in Shared Mobility Market

Growth Opportunities in Connectivity Technology in Shared Mobility Market

This study broadly examines the telematics market for the vehicle sharing industry in North America (NA) and Europe between 2021 and 2035. Telematics is the group of software and hardware components that a shared mobility fleet operator requires to monitor and manage vehicle operations through the receipt and storage of data from the vehicles. The research focuses on the car and bicycle sharing markets. Specifically, it analyzes the telematics market’s size and forecast of bike sharing and traditional, corporate, and peer-to-peer (P2P) car sharing from 2021 to 2035. The scope of analysis includes the shared vehicle segments’ fleet size, the product split, and the telematics units’ gross merchandise value (GMV).

The vehicle sharing technology space is experiencing a transformation across the entire value chain. The process of how vehicle data is gathered, transmitted, and analyzed is changing, including how meaning is made from the analyzed data to help improve fleet utility, profitability, and customer satisfaction. These changes are primarily being driven by growing number of connected vehicles in general and of electric vehicles in shared vehicle fleets. Both trends are forcing changes in market size and demand for telematics devices, software solutions, cloud-based solutions, and smartphone-based services.

This study will benefit shared vehicle telematics companies, shared mobility operators, and ancillary partners in the mobility industry such as insurtech, payments, electric vehicle charging, and smart parking companies. These expanding partner ecosystems will benefit from the digitalization and data gathering of shared vehicle fleets.