North America Insurance Telematics Market Share

Statistics for the 2023 & 2024 North America Insurance Telematics market share, created by Mordor Intelligence™ Industry Reports. North America Insurance Telematics share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

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Market Share of North America Insurance Telematics Industry

The North American insurance telematics market is fragmented, with major players like Octo Telematics SpA, IMERTIK Global Inc., AXA SA, The Floow Limited, and LexisNexis Risks Solutions (RELX Group). Market participants employ partnerships and acquisitions to improve their product offerings and secure a lasting competitive edge.

  • In October 2023 - OCTO Telematics announced a partnership with Flexcar, the smart alternative to car ownership, focused on adding OCTO’s connected vehicle capabilities to Flexcar’s fleet across the United States.
  • In October 2023 - PowerFleet Inc. intends to merge with MiX Telematics Ltd, a fleet management tech firm based in South Africa, creating a single company with a combined subscriber base of some 1.7 million users. The deal is expected to close in the first quarter of 2024, and the combined business will be branded as PowerFleet. Its primary listing will be on Nasdaq, and its headquarters will be in Woodcliff Lake, New Jersey.

North America Insurance Telematics Market Leaders

  1. Octo Telematics SpA

  2. IMERTIK Global Inc.

  3. AXA SA

  4. The Floow Limited

  5. LexisNexis Risks Solutions (RELX Group)

*Disclaimer: Major Players sorted in no particular order

North America Insurance Telematics Market Concentration

North America Insurance Telematics Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)