TomTom Telematics adds 700,000 subscriptions

TomTom TelematicsTomTom Telematics has surpassed 700,000 subscriptions to its connected car and fleet management solutions (FMS).

TomTom Telematics has over 46,000 customers, positioning the company as Europe’s leading FMS provider.

Over the past few years, TomTom Telematics has seen double-digit growth as a result of its on-going commitment to innovation and its investment in R&D.

The company’s Software-as-a-Service solution WEBFLEET allows fleet owners to manage vehicle fleet data effectively in their businesses. This is part of the broader ISO/IEC 27001:2013 certified TomTom Telematics Service Platform.

“We currently stand on the verge of an exciting new era for the fleet management industry, the rise in vehicle connectivity is going to transform the way fleets operate,” said Thomas Schmidt, managing director of TomTom Telematics.

Survey on telematics

A survey by Strategy Analytics said consumer interest remains strong for telematics services which provide immediate help in time-sensitive emergency situations such as one-touch access to emergency services or stolen vehicle assistance. But fewer respondents are interested in remote horn / light functions and remote start.

There is a willingness to pay for such services across all regions such as the US, the UK and China. Strategy Analytics said that the interest in telematics and remote vehicle management system is not necessarily higher in premium vehicle owners compared to other classes.

Though premium vehicle owners in all regions exhibited higher interest in remote horn / light functions than owners of other vehicle classes, mid-range vehicle owners in the US showed the highest interest in several tracked services, including stolen vehicle assistance, automatic crash notification, remote diagnostics, remote start, and teen driving alerts.

“Willingness to pay a monthly fee for a package including all of the telematics services described in the survey declined in the US from 2015 to 2016, but overall willingness to pay across all regions remained quite high. More than 50 percent of respondents were willing to pay at price points below $20 per month in the US,” said Derek Viita Senior Analyst and report author.