Targa Telematics features in the latest report of Berg Insight, a leading M2M and IoT market research company offering market reports and detailed market forecast databases to over 900 clients in 70 countries around the world.
The „Car Sharing Telematics Market“ report investigates the various mobility services in the field of car sharing. Targa Telematics comes out in the top five in surveys of the chief fastest-growing sector: car sharing – a rental system allowing drivers to pick up and return the car anywhere within a designated area. More specifically: „New technologies in the form of telematics and smartphone-based systems are the main factors enabling car sharing services,“ says Martin Svegander, an analyst specialising in IoT. One of the main global suppliers of platforms that enable car sharing services is Targa Telematics. Its digital platform comprises complete IT systems supporting all the operational activities involved in car sharing, ranging through on-board equipment management, fleet management, vehicle booking and billing, and also the control of all operations and data analysis by means of dashboards.
The Swedish company’s study suggests that the number of people using free-floating car sharing services will rise to 23.8 million worldwide in 2017, reaching 60.8 million in 2022; the number of vehicles used for car sharing will rise from 214,000 at the end of 2017 to 705,000 at the end of 2022. The market for corporate car sharing and short-term rental without desk procedures (a core area of Targa Telematics) will soar from 35,000 vehicles at the end of 2017 to 136,000 in 2022; this sector is growing strongly in France, Italy and Germany.
Nicola De Mattia, CEO of Targa Telematics asserts: „This sector provides a crystal-clear example of the virtuous use of innovation and technology serving citizens and businesses of the 21st century. It enables new habits and new business models in the field of mobility, giving a further boost to environmentally-friendly practices. This report by one of the industry’s major expert analysts confirms the results achieved by Targa in its strategic pursuit of the development of innovation in smart mobility“
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TARGA TELEMATICS PROFILE IN BRIEF
Targa Telematics is a company with 20 year’s experience in connected vehicles. It offers high-tech solutions in the areas of telematics, telemetry and smart mobility. It is a leader in the digital platform and applications for short and long-term renters, large finance companies and large fleets, with services ranging from insurance telematics to asset and fleet management, remote diagnostics and telemetry of cars, professional vehicles and from construction and agricultural environments to management of airport service vehicles.