Vehicle Telematics – Applications and Use Cases
While telematics was formerly considered a niche feature in automobiles, the usage of onboard vehicle communication systems is becoming increasingly common year after year. According to a report by PSMarketResearch, the telematics business will be worth $149.9 billion in sales by 2030, with a CAGR of more than 16 percent before then. The rising usage of connected cars is one of the primary causes that help in the growth of telematics technology . IoT is making an impact in the automobile industry by improving road safety, streamlining traffic management & logistics, and navigation use cases. It is even present in the connectivity within smart cities and related infrastructure. Use Cases of Telematics Systems · Optimizing Traffic As telematics deployment advances, the benefits of traffic optimization expands. Integration with smart road sensors and traffic lights improves traffic management. Mapping and navigation companies are using real-...