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Read moreVerizon Connect has been recognized as a Leader in ABI Research's latest competitive ranking for commercial telematics.
ABI Research, a leading analyst firm, ranks commercial telematics vendors by tiers based on their innovation and implementation capabilities.1 Verizon Connect places in the highest tier as a Leader, and was also named a Top Implementer and Top Innovator among its peers.
“Verizon Connect is a great example of a vendor successfully deploying its solutions to address key pain points,” Adhish Luitel, Principal Analyst at ABI Research, says. ”Its robust go-to-market strategies and continued evolution of its various products and services have helped streamline adoption among end users. In addition, its EV suitability tool, Reveal EV, is equipping fleets to make data-driven fleet electrification considerations.”
The ranking report enables customers looking for a fleet management solution to quickly identify key characteristics and unique selling points of vendors and understand which commercial telematics providers have the scale and partner network to support fleets globally.
Leading commercial telematics with innovation and implementation
ABI Research also recognized Verizon Connect as a Top Implementer and Top Innovator in the commercial telematics space.
The Top Implementer award evaluates a vendor’s commercial traction, focusing on the widespread adoption of their solutions.
ABI Research highlighted howVerizon Connect differentiates itself by “providing a full-stack, integrated solution to complement the end-to-end needs of the small, medium, and enterprise businesses and government organizations it serves.
The Top Innovator award assesses the novelty, uniqueness and technical advancement of the solutions in addressing market needs.
Here, ABI Research noted that “in the immediate and near-term horizon, Verizon Connect will be leveraging advanced data analytics and AI technology to enhance customers’ connected fleet operations,” building on developments already made with advanced AI camera technology and edge computing.
Answering market trends with expanded solutions
In completing its analysis, ABI Research recognized several key market trends that vendors like Verizon Connect are addressing with their commercial telematics tools.
- Integration of advanced data analytics: Fleet managers increasingly rely on sophisticated data analytics to provide actionable insights on vehicle performance, driver behavior, route optimization, fuel efficiency and maintenance.
- Expansion of usage-based insurance (UBI): More companies are using commercial telematics systems to work with insurers to save costs on insurance.
- Connected vehicles: The convergence of commercial telematics and IoT leads to more communication between vehicles, infrastructure and external networks, increasing functionality in navigation and safety and offering new opportunities for fleet efficiency.
- Emphasis on driver-centric solutions: Performance monitoring with features like in-cab coaching, fatigue detection and real-time feedback encourages safe driving practices.
- Prognostics capabilities: Monitoring vehicle health parameters to help prevent potential failures before they occur is a proactive approach that allows savings in maintenance costs, as well as reduction in vehicle downtime.
Being keyed into their customers’ needs and the overall commercial telematics landscape has helped Verizon Connect solidify its position as a Leader in the marketplace.
According to the report: “Verizon Connect’s long history of connectivity and partnerships continues to be leveraged to provide reliability, stability and security for its commercial telematics clients.”