LightMetrics News
Berg Insight, the pioneering IoT market research provider, released a new market study covering the video telematics market. The integration of cameras to enable various video-based solutions in commercial vehicle environments is a massive trend in the fleet telematics sector. Berg Insight’s definition of video telematics includes a broad range of camera-based solutions deployed in commercial vehicle fleets either as standalone applications or as an added feature set to conventional...
Commercial fleet owners are investing heavily in telematics data to improve road safety concerns, driver well-being, and operational efficiencies. It's a marketplace worth $76 billion and set to grow to $214 billion in the next six years. However, their insurance claims have been steadily increasing over the past five years. Aiming to rebalance this equation, video telematics business - LightMetrics is announcing a $8.5 million funding round from Sequoia Capital India, to help telematics servic...
