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Construction & Heavy Equipment Telematics Market worth $1,498 million by 2026 – Exclusive Report by MarketsandMarkets™

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According to the new market research report Construction & Heavy Equipment Telematics Market by Solution (asset tracking, diagnostics, fleet safety), Industry (Construction, Mining, Tractor), Technology, Hardware, Form factor, Vehicle category, & Region – Global Forecast to 2026″, published by MarketsandMarkets™, the global Construction & Heavy Equipment Telematics Market size is projected to reach USD 1,498 million by 2026, from an estimated value of USD 676 million in 2021, at a CAGR of 17.2%.

Browse in-depth TOC on “Construction & Heavy Equipment Telematics Market”

104 – Tables
51 – Figures
220 – Pages

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id= 56839886

Increase in demand for telematics solutions in off-highway equipment and government mandates on safety and security of off-highway equipment are the driving factors that are expected to boost the construction and heavy equipment telematics market. ELD mandate for construction and mining equipment and regulations on autonomous mining equipment will offer favorable opportunities and propel the demand for telematics solutions in the coming years.

The Construction & Heavy Equipment Telematics Market saw a decline in 2020 as the construction, agriculture, and mining industries witnessed a considerable decline in operations due to the COVID-19 pandemic. However, as per MnM projections, the market is anticipated to recover at a significant rate during the forecast period because of the increased demand for telematics solutions in the post-COVID-19 scenario as compared to the pre-COVID-19 scenario.

Asset tracking segment is expected to drive the market from 2021 to 2026

The asset tracking segment is estimated to hold the largest market share in the Construction & Heavy Equipment Telematics Market. The asset tracking solution works with the aid of several technologies such as GPS, GSM, and GPRS for precisely detecting, locating, and handling fleets in real-time. With the help of this solution, individual and fleet companies can track the location of assets and keep a precise watch on asset performance by using the location and movement data for further analysis. It also reduces operating costs by optimizing routing management. North America is currently estimated to account for the largest market share because of the significance of asset tracking and monitoring services for off-highway equipment. Fleet managers have been largely using this solution to track the status of their assets and know their location to eliminate the possibility of theft

Existing fleet is expected to be the largest market, by vehicle category, in 2021

By vehicle category, the existing fleet is estimated to be the largest segment of the market in 2021 because of larger base volume of existing fleet for construction, agriculture, and mining equipment. The usage of telematics for the existing fleet is getting popular due to the availability of cellular technologies such as 5G in remote working locations. The market share for telematics in new sales is expected to increase with an increase in penetration of telematics in NRMM, especially in developing economies such as South AfricaBrazil, and India.

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Asia Pacific is projected to be the fastest-growing market during the forecast period

One of the key drivers for the Asia Pacific market is the increased demand for safety and navigation services, particularly in ChinaJapanIndia, and South Korea. Moreover, the region accounts for the largest market in terms of sales of construction, agriculture, and mining equipment. Although Asia Pacific has a relatively lower penetration of telematics solutions than North America and Europe at present, it is projected to grow at the fastest CAGR during the forecast period. With higher penetration of telematics for new equipment as well as the existing fleet, the region is expected to create attractive market opportunities.

Key Market Players:

The report analyzes all major players in the Construction & Heavy Equipment Telematics Market including Verizon (US), Trimble Inc. (US), Topcon Corporation (Japan), Hexagon AB (Sweden), and Robert Bosch (Germany) are expected to be the market leaders. These players have adopted strategies such as new product launches, partnerships, supply orders, expansions, and acquisitions to increase their share and diversify and strengthen their business networks in the construction and heavy equipment telematics market.

Browse Related Reports:

Telematics Solutions Market by Service (ACN, eCall, RSA, Remote Diagnostics, Insurance Risk Assessment, Driver Behavior, Billing & Other), Form & Vehicle Type, Component, Connectivity, Aftermarket, Fleet Management Service, Region – Global Forecast to 2025

Connected Car Market by Service (OTA Update, Navigation, Cybersecurity, Multimedia Streaming, Social Media, e-Call, Autopilot, Home Integration & Other), Form, End Market (OE, Aftermarket), Network, Transponder, Hardware and Region – Global Forecast to 2025

Artificial Intelligence

Point Fort Fichet, a division of ASSA ABLOY France, Partners with Essence Security to Provide the MyShield Intruder Intervention System to the French Security Market

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The ASSA ABLOY subsidiary selected Essence’s advanced active solution after identifying a need among French property owners to have direct, remote control over security
HERZLIYA, Israel, April 16, 2024 /PRNewswire/ — Essence Security, a part of Essence Group, a leading technology group developing and supplying wireless, cloud-based security solutions for homes and businesses, today announced its collaboration with Point Fort Fichet, France’s leading locksmith network and a subsidiary of ASSA ABLOY AB (ASSAB:Stockholm). The partnership aims to distribute and implement Essence’s all-encompassing MyShield connected smoke-generating intruder prevention solution across France. MyShield is available for private properties, retail establishments and small businesses — specifically those dealing with large volumes of tax revenue — to fortify these spaces against intensifying security threats.

 
The rate of break-ins in France rose nationally by 3% in 2023, creating a demand for active intervention security solutions. As the first standalone security smoke device, MyShield is at the forefront of the battle against security threats with its ability to proactively detect and act to ensure swift intervention and minimal risk to property damage. Through this partnership, Point Fort Fichet will offer Essence’s MyShield system as a complement to its portfolio of preventative security solutions, which helps consumers gain control of their security from a smartphone or tablet. Together, Point Fort Fichet and Essence offer customers the ability to take direct action, enhancing safety protocols and providing peace of mind to business owners and residents alike.
“As theft and burglary rates rise, we are excited to partner with Essence Security to provide our customers with direct intervention capabilities to stop intruders in their tracks,” said Frederic Colin, Managing Director of Fichet Division of ASSA ABLOY France. “MyShield complements our high-security offerings by providing property owners, especially those who own small businesses, with an added layer of protection that takes auto-surveillance up a level to auto-action. At Fichet, we aim to address the demand for comprehensive solutions that are redefining the meaning of security, and we’re proud to collaborate with a company like Essence to help us achieve this goal.”
MyShield stands out for its intrusion detection and intervention capabilities through security smoke generation. The award-winning, first-of-its-kind device deploys a veil of harmless yet disorienting smoke that fills a room in 30 seconds, forcing intruders off premises before they can cause harm to people or property. MyShield acts as a ‘first responder,’ significantly narrowing the window of time in which intruders can operate and providing an enhanced level of security to residential and commercial users — particularly advantageous in high-risk environments with lone workers or unoccupied buildings where rapid response is crucial. MyShield provides Point Fort Fichet customers full agency over their residential and retail properties’ security.
“In today’s dynamic security landscape where threats are constantly evolving, it’s not enough to just passively watch; there must be action and intervention.”  said Dr. Haim Amir, CEO and Founder of Essence Group. “Partnering with a security leader like Point Fort Fichet ensures home and business owners in the French market will have direct control in protecting their assets. Together we are building on our combined expertise to deliver a comprehensive service that makes properties all over the country safe and secure.”
Easy-to-install, MyShield’s battery-powered system includes an integrated motion detector, high-definition video camera to eliminate false alarms, voice announcement and rapid action remote smoke deployment. It utilizes cellular IoT networks and can be used as a standalone app-based solution or integrated into existing security systems. The low-maintenance device can be easily moved to ensure properties have 24/7 security on demand for reliable protection.
To access MyShield through Point Fort Fichet, please visit here.
About Essence GroupEssence Group is a global technology leader with a mission to develop and deploy innovative, cloud-based, end-to-end security and healthcare solutions, underpinned by supporting services, that provide peace of mind to users. For over a quarter of a century, Essence has challenged convention by making care and safety both accessible and affordable. With over 75 million connected devices deployed worldwide, Essence helps people to live safer and more independent lives.
For more information: https://www.essence-grp.com/
Follow Essence Group on LinkedIn, Twitter and Facebook
About Point Fort FichetPoint Fort Fichet is the largest network of locksmiths in France, also operating in Spain, Belgium, Switzerland, Italy and Portugal. For more than 50 years, Point Fort Fichet has been France’s leading producer of anti-burglary doors, high security locks and cylinders. Point Fort Fichet protects what matters most.
For more information: https://www.fichet-pointfort.com/
 
Media Contact:Mushkie MeyerHeadline [email protected]:+19143364035
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Artificial Intelligence

HaloWallet Rebrands To Halo: Integrating SocialFi & AI To Revolutionize Social Influence Monetization

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VICTORIA, Seychelles, April 16, 2024 /PRNewswire/ — Today, it is thrilling to announce the official brand upgrade from HaloWallet to Halo (halo.social). This upgrade signifies a significant shift in Halo’s vision and commitment to thriving alongside millions of Halo users worldwide in the SocialFi UBI revolution.

Since its inception in October 2023, Halo has been at the forefront of the SocialFi movement. With the launch of Halo Genesis Pass, it has yielded a remarkable 2,000% return for holders and earned international acclaim from users of more than 100 countries.
Moving forward, Halo’s mission is to disrupt the Web2 monopoly and revolutionize the monetization of social influence while ensuring fair and equitable profit sharing. This mission is accomplished through the integration of AI and Web3 DID.
With funding from KuCoin Ventures, IDG, HashKey, and strategic Web3 partners globally, as well as the financial support of the Cyberport incubation program by the Hong Kong government, Halo is poised for an unprecedented leap forward within the realm of SocialFi.
Halo: Pioneering the SocialFi UBI Revolution
Halo (halo.social) is designed to create a revolutionary monetization layer within the SocialFi field, aiming to establish a new paradigm of Universal Basic Income (UBI) that provides ownership to everyone.
Web2 tech giants have generated immense commercial value. However, their centralized nature has led to many concerns on users’ loss of personal data autonomy and unequal value distribution. With blockchain, users can regain control over their assets, data, and accounts. Halo aims to capitalize on advertisement value while respecting user privacy and consent.
Beyond just advertisement, Halo identifies a crucial avenue for monetization: data value. The AI industry has grown rapidly, but due to vague ownership of data copyrights and a lack of unified regulations, high-quality AI corpus remains scarce. As an innovative Web3 project, Halo provides an innovative solution to address this requirement of AI.
Halo has the ability to acquire both on-chain transactions and social content, surpassing Scale AI with full copyright and user consent. By integrating the power of the community to complete data labeling tasks and implementing decentralized governance, Halo meets the demand for high-quality labeled data in AI, enabling the monetization of user data and ensuring a fair redistribution of business profits.
Jeff Hou, the Head of Halo, stated, “The brand upgrade is not merely a marketing move but a natural progression and evolution in the development of Halo. We are gradually transitioning from being a crypto wallet to becoming a fully-fledged ecosystem within SocialFi. It’s time for everyone to see Halo in a new light. We will lead the new wave of the SocialFi UBI revolution, monetizing users’ social influence through our advanced technology architecture and fantastic partnerships in the industry.”
The SocialFi UBI revolution is at our doorstep, and Halo is at the forefront, ready to unlock new opportunities for users to earn, learn, and socialize in a decentralized and equitable environment.
Looking Ahead
Halo token airdrop is a crucial aspect of our vision, designed to strengthen the bond among all members and foster a more engaged and dynamic Halo community. The largest share of Halo tokens, 35%, will be allocated to community, early adopters and alliance members from KuCoin, Mocaverse & other excellent partners.
As a key indicator, Halo Membership Pass will be available for minting on April 26, operating on a season-based promotion system. We’ve launched exclusive discount code giveaways of the Pass with our esteemed partners. Join now to secure a high-level Pass.
Stay tuned for more updates and information on TGE as we continue to evolve and grow as Halo.
About Halo
Halo (halo.social) is designed to build a revolutionary monetization layer within the SocialFi field. We aim to create a new paradigm of UBI (Universal Basic Income) that grants ownership to everyone. By integrating AI, Web3 DID, and Wallet Aggregator, and implementing decentralized governance, Halo is dedicated to transforming the way social influence is monetized and fostering a system of fair and equitable profit sharing.
Website | X | Discord | Telegram
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Carbon Accounting Startup Zevero Acquired by LEVELUP to Help Companies in Fight to Reduce Global Carbon Emissions

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The combined company will operate under Zevero brand26 and 27-year-old founders secure multi-million-pound deal following rapid UK growthZevero will expand its specialisms in high-emission food and beverage industry to new industries and geographies with a new global management teamLONDON, April 16, 2024 /PRNewswire/ — Zevero, a decarbonisation platform that empowers companies to reach a net zero future, announced it has been acquired by Singapore-based climate tech startup, LEVELUP. The multi-million-pound deal will see the two companies merge under the Zevero brand and expand operations across Asia, Europe and the U.S., fuelling Zevero’s access to the global $15 billion* carbon accounting market.

Zevero’s innovative software platform uses AI-driven carbon modelling, automated emissions calculations and real-time analytics to help companies within the fast-moving consumer goods (FMCG) industry to accurately measure, manage and reduce their carbon footprint across their entire supply chain. In bringing together these capabilities with LEVELUP’s extensive agriculture industry expertise, the new combined offering will be a powerful tool in the global fight against climate change.
“In just three years, Zevero has proven its ability to provide full-stack carbon accounting to clients in over 13 countries,” said Shigeo Taniuchi, incoming CEO of Zevero – previously of LEVELUP. “Combining Zevero’s strong product foundations and UK market experience with our team’s expertise across Asia will rapidly accelerate our shared mission to become the definitive carbon management solution for businesses worldwide.”
Zevero was founded in 2020 by friends Ben Richardson and George Wade, then both just 23. The pair grew frustrated at how challenging it was for businesses to understand their carbon impact end-to-end. With increasing environmental-focused regulation at the time impacting more and more industries, Ben and George recognised a critical need to digitise the carbon accounting process and make it possible for businesses to see the full picture of their carbon impact throughout each stage of their supply chain. As, only through having this visibility, can businesses make any impactful changes to their operations.
A strong footing in the UK
Zevero initially made its name in the UK carbon accounting market, quickly acquiring customers in the food and beverage industry – such as Brixton Brewery and MOTH, amongst others. Rising consumer demand for environmentally-friendly products and services, increasing regulatory enforcement and consequent supply chain pressures are driving the need for accurate emissions data and credible decarbonisation strategies – both areas in which many companies currently lack the right resources, knowledge and tools.
“Climate change is the biggest threat facing society. For most companies, there are multiple challenges in their way.” said Ben Richardson, Co-Founder of Zevero. “Despite pressure to act, they lack the capabilities to see the full impact of their products on the environment. Without that transparency, it’s impossible to set realistic emission reduction targets and drive meaningful change.”
“Traditionally, calculating corporate emissions has relied on spreadsheets and static PDFs. Zevero makes it easier and more accurate for companies to measure, reduce and report on their carbon emissions in real-time, not just once a year,” said George Wade, Zevero’s other Co-Founder. “Much has been said about brands greenwashing, but what we’re hearing from these businesses is that they actively want to make drastic changes to clean up their supply chains – but up until now they haven’t had the data to make those decisions confidently. Zevero has created a solution for that.”
Through the acquisition, Ben and George will remain actively involved as Co-Founders – together with other Co-Founders, seasoned executive, Shigeo Taniuchi and serial entrepreneur, Yuya Kuratomi – and will be responsible for driving Zevero’s product roadmap and growth initiatives. Zevero’s diverse leadership team will integrate LEVELUP’s extensive presence and network in Asia to accelerate the expansion and impact of Zevero.
Notes to Editors
*https://www.fortunebusinessinsights.com/carbon-accounting-software-market-107292
Media pack can be found here
Media Contacts
Hannah Martin: [email protected]; Jo Cresswell: [email protected] 
About Zevero
Zevero is a leading carbon accounting and decarbonisation platform empowering companies towards a net zero future. Its full-stack software solution leverages AI, automated emissions calculations, supply chain data integrations and real-time analytics to accurately measure and reduce carbon footprints for companies across multiple industries. With an impressive track record of operating in 13 countries and 50 million kgCO2e under management, Zevero is headquartered in London with operations across the UK, Europe, Asia and North America. To learn more, visit https://www.zevero.earth/
About Co-Founders
Benjamin Richardson is a Co-Founder of Zevero, a leading carbon accounting and decarbonisation platform that empowers companies to achieve a net zero future. Zevero’s platform leverages AI to make it more efficient to measure and reduce its supply chain carbon emissions. Before Zevero, Ben started a carbon consultancy helping SMEs in the UK with carbon reporting and reduction.George Wade is a Co-Founder of Zevero, a leading carbon accounting and decarbonisation platform that empowers companies to achieve a net zero future. Zevero’s platform leverages AI to make it more efficient to measure and reduce its supply chain carbon emissions. George started Zevero after working in a waste technology startup whilst studying at the University of Exeter. George also founded the positive climate newsletter, The Grumpy Optimist, in 2020, sharing positive climate news with over 4,000 people each week.Shigeo Taniuchi is a Co-Founder and CEO of LEVELUP Climate Tech and is the CEO of Zevero after the integration. Shigeo is the former CEO of a global life science company and a proven global business executive with more than 25 years of experience in various senior roles, including Head of Europe and China. Having studied at Judge Business School and CISL of the University of Cambridge, Shigeo is leveraging his business and academic expertise to lead the global expansion of Zevero and to continue its contribution to society.Yuya Kuratomi is a Co-Founder of Zevero. Yuya is an award-winning serial entrepreneur with a successful track record of launching a digital startup offering enterprise cyber security platform, which he divested at $173M to GMO Internet Group, one of the leading internet service providers in Japan. Since his relocation to Singapore in 2022, he has launched several startups, including LEVELUP Climate Tech.

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