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Electronic Logging Devices (ELDS) Market size is set to grow by USD 3.59 billion from 2024-2028, Use of ELDs enhances quality of driving to boost the market growth, Technavio

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NEW YORK, Aug. 7, 2024 /PRNewswire/ — The global electronic logging devices (ELDs) market  size is estimated to grow by USD 3.59 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 5.05%  during the forecast period. Use of ELDs enhances quality of driving is driving market growth, with a trend towards use of analytics with ELDs. However, shortage of drivers due to use of elds  poses a challenge. Key market players include AT and T Inc., Danlaw Technologies India Ltd., Donlen Corp., EROAD Inc., Garmin Ltd., Geotab Inc., HOS247 LLC, InTouchGPS, Intrepid Control Systems Inc., Masternaut Ltd., Merchants Fleet, Omnitracs LLC, ORBCOMM Inc., Pedigree Technologies LLC, Racelogic, Samsung Electronics Co. Ltd., Teletrac Navman US Ltd., TomTom NV, Trimble Inc., and Verizon Communications Inc..

Get a detailed analysis on regions, market segments, customer landscape, and companies – Click for the snapshot of this report

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Vehicle Type (Light commercial vehicle, Truck, and Bus), Component (Telematics unit, Engine module, and External display), and Geography (Europe, North America, APAC, Middle East and Africa, and South America)

Region Covered

Europe, North America, APAC, Middle East and Africa, and South America

Key companies profiled

AT and T Inc., Danlaw Technologies India Ltd., Donlen Corp., EROAD Inc., Garmin Ltd., Geotab Inc., HOS247 LLC, InTouchGPS, Intrepid Control Systems Inc., Masternaut Ltd., Merchants Fleet, Omnitracs LLC, ORBCOMM Inc., Pedigree Technologies LLC, Racelogic, Samsung Electronics Co. Ltd., Teletrac Navman US Ltd., TomTom NV, Trimble Inc., and Verizon Communications Inc.

Key Market Trends Fueling Growth

ELDs, or Electronic Logging Devices, are essential tools for enterprises managing fleets. Vendors like Omnitracs offer integrated ELD solutions with analytical capabilities. These solutions collect and analyze data from drivers and vehicles, providing valuable insights through various analytical tools. Fleet managers can segment data based on regions, business units, vehicles, and drivers, enabling them to identify underperforming assets and drivers. Custom KPIs and dashboards offer a holistic view, ensuring optimal vehicle and driver performance. Reports highlight potential issues, such as poor driving behavior or vehicle maintenance needs. By preventing accidents and improving productivity, the use of analytics with ELDs is a significant growth driver for the market. 

The Electronic Logging Devices (ELD) market is experiencing significant growth due to the ELD mandate, which requires fleet-owning organizations to install and use ELDs in their commercial vehicles. These devices help improve operational efficiency by automatically recording electronic logs, including vehicle’s condition, fuel efficiency, CO2 emission, and vehicle inspection records. Integrated systems with telematics units, GSM modules, and internal databases offer fleet management platforms features like real-time fuel tracking, temperature monitoring, breakdown assistance, and vehicle theft tracking. Developed regions lead the market, with OEMs and aftermarket service providers offering various hardware flexibility and service quality. Installation costs are a concern for some fleet-owning organizations, but the benefits of ELDs, such as tax reports, delivery time optimization, and route distance analysis, outweigh the initial investment. Fleet management platforms like Omnitracs One, Geotab ELD, and Trucker Path are popular choices for online fleet management, offering strategic decision-making tools and integration with food delivery apps and road transportation services. However, poor connectivity remains a challenge in some areas, limiting the effectiveness of ELDs for last-mile deliveries. In summary, ELDs are essential for fleet management, offering numerous benefits like operational efficiency, regulatory compliance, and improved vehicle performance. The market is expected to grow further as more fleet-owning organizations adopt these technologies and technology partners collaborate to offer integrated solutions. 

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Market Challenges

The trucking industry is facing a significant challenge due to a shortage of drivers. With an increasing number of retirees and a low influx of new drivers, the shortfall is projected to reach 175,000 by 2026. Low wages, long working hours, and the implementation of Electronic Logging Devices (ELDs) are contributing factors to this issue. ELDs limit drivers to work for a maximum of 55 hours a week, reducing their weekly earnings. Since many drivers are paid based on miles driven and hours spent behind the wheel, which includes waiting time at loading docks, their earnings can decrease, and flexibility can be compromised. Consequently, drivers who adhere to ELD mandates may be left idle for 8 hours, further decreasing their earnings. The presence of ELD regulations may exacerbate the driver shortage, posing a significant challenge for the growth of the global ELD market.The Electronic Logging Devices (ELD) market is growing rapidly in the road transportation industry. ELDs help commercial vehicle operators comply with regulations by automatically recording vehicle inspection data, fuel consumption, temperature monitoring, and more. However, challenges persist. Vehicle inspections, fuel tracking, and temperature monitoring require reliable connectivity. Breakdown assistance and vehicle theft tracking necessitate real-time data access. Aftermarket services and OEMs must ensure hardware flexibility and service quality. Internal databases and statistical tools aid strategic decision-making, but poor connectivity can hinder delivery time and route distance. Telematics technologies like GPS tracking, Geotab ELD, Omnitracs One, and Trucker Path offer solutions. Driver weariness and hacking are concerns, but ELDs can improve safety and efficiency. Online fleet management platforms and tablets facilitate food delivery and last-mile services. Despite challenges, the future of ELDs in road transportation looks bright.

For more insights on driver and challenges – Download a Sample Report

Segment Overview 

This electronic logging devices (elds) market report extensively covers market segmentation by

Vehicle Type1.1 Light commercial vehicle1.2 Truck1.3 BusComponent 2.1 Telematics unit2.2 Engine module2.3 External displayGeography 3.1 Europe3.2 North America3.3 APAC3.4 Middle East and Africa3.5 South America

1.1 Light commercial vehicle-  The Electronic Logging Devices (ELDs) market is primarily driven by the use of ELDs in light commercial vehicles (LCVs). These devices automatically record driving time, hours of service (HOS), engine data, motion, and mileage for commercial drivers. Compliance with industry regulations is a significant factor, as ELDs help ensure adherence to necessary inspections, schedule planning, and real-time driver status monitoring. The MAP-21 Act of the Federal Highway Administration mandates the use of ELDs for commercial drivers, and vehicles with engines produced in or after 2000 are subject to this requirement. Failure to comply with the federal ELD mandate can result in fines and penalties. With the increasing sales and use of LCVs, the ELDs market for this segment is expected to grow during the forecast period.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022)  – Download a Sample Report

Learn and explore more about Technavio’s in-depth research reports

The global Rural Clinical and Healthcare Logistics market is experiencing significant growth due to increasing demand for efficient healthcare delivery in remote areas. Innovations in logistics are enhancing the accessibility of medical services and products, improving patient outcomes. Simultaneously, the Truck-as-a-Service (TaaS) market is expanding rapidly, driven by the rise of digital platforms and the need for flexible, cost-effective transportation solutions. TaaS offers scalable, on-demand trucking services, optimizing supply chains and reducing operational costs. Both markets are evolving to meet the needs of a dynamic and growing global economy.

Research Analysis

The Electronic Logging Devices (ELD) market has experienced significant growth due to the ELD mandate, which requires fleet-owning organizations to install and use ELDs in their commercial vehicles. These devices help improve operational efficiency by automatically recording driving hours, reducing paperwork, and providing real-time fleet management. Developed regions have shown a high adoption rate for ELDs, with integrated systems becoming increasingly popular. The installation cost of ELDs can vary, but the benefits of improved fuel efficiency, reduced CO2 emissions, and enhanced fleet management outweigh the initial investment. ELDs offer various features such as fuel tracking, temperature monitoring, breakdown assistance, and vehicle theft tracking. Online fleet management platforms like Omnitracs One provide access to internal databases and statistical tools for strategic decision-making. ELDs can also integrate with telematics units, providing real-time data on delivery time, route distance, and electronic logbooks. Service quality and technology partners play a crucial role in ensuring the success of ELD implementations. Authenticated secondary sources and validation through triangulation are essential for ensuring the accuracy and reliability of ELD data. Strategic alliances between OEMs and aftermarket service providers can help streamline the installation process and provide ongoing support. The future of the ELD market looks promising, with continued innovation and integration with other technologies such as food delivery apps and the internet.

Market Research Overview

The Electronic Logging Devices (ELD) market refers to the growing trend of implementing electronic systems to record and manage vehicle data in compliance with the ELD mandate. These devices enable fleet management for fleet-owning organizations by providing operational efficiency, real-time vehicle monitoring, and regulatory compliance. Developed regions are leading the market adoption, with integrated systems offering features like fuel efficiency, vehicle inspection, temperature monitoring, and breakdown assistance. ELDs consist of a telematics unit, GSM module, and electronic logs, which help in tax reporting, CO2 emission tracking, and driver weariness monitoring. The installation cost varies depending on the hardware and connectivity requirements. OEMs and aftermarket service providers offer ELD solutions, with fleet management platforms like Omnitracs One, Geotab ELD, and Trucker Path providing hardware flexibility, service quality, and strategic decision-making tools. The market also includes telematics technologies for commercial vehicle operators, with features like GPS tracking, one-mile radius, and 10-mile radius reporting. However, challenges like poor connectivity, hackers, and safety concerns persist, making it essential for technology partners to ensure robust security and reliability. The market continues to evolve, with last-mile deliveries and road transportation becoming increasingly reliant on ELDs and fleet management platforms.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

Vehicle TypeLight Commercial VehicleTruckBusComponentTelematics UnitEngine ModuleExternal DisplayGeographyEuropeNorth AmericaAPACMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Most Users Are NOT Using AI Companion as Their AI Girlfriend – Insights from Muah AI User Survey

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LOS ANGELES, Sept. 22, 2024 /PRNewswire/ — Muah AI/

In a world where artificial intelligence (AI) is becoming increasingly intertwined with daily life, the idea of having an AI companion or even an AI “girlfriend” has gained significant attention. While this concept has sparked curiosity, excitement, and even controversy, a recent survey by Muah AI has shed light on the reality of how users are actually engaging with these AI companions. According to the survey results, fewer than 2% of users consider themselves to be in a serious romantic relationship with their AI companion, with the overwhelming majority regarding it as a source of entertainment and roleplaying.

This revelation presents an interesting twist to the popular narrative surrounding AI and human relationships. Many assumed that, with the rise of sophisticated AI that can mimic human emotions and responses, people would begin forming deep emotional bonds with these digital entities. However, the survey data from Muah AI shows that, at least for now, the vast majority of users are not taking these AI relationships as seriously as some might have thought.

The Emergence of AI Companions

AI companions, or “AI girlfriends” as some platforms market them, have become a hot topic over the past few years. Platforms like Replika, Anima, and Muah AI offer users the chance to interact with a personalized AI, which can carry on conversations, offer emotional support, and even engage in roleplaying scenarios that resemble a relationship. The premise is simple: using advanced machine learning algorithms and natural language processing, these AI companions can learn from their users, creating the illusion of intimacy and personalization.

The potential appeal is obvious. For those who are lonely, socially anxious, or seeking comfort, the idea of having an AI that is always available, non-judgmental, and designed to cater to their emotional needs can be incredibly attractive. In fact, there are numerous reports and anecdotes from individuals who claim to have developed genuine emotional connections with their AI companions. But as the Muah AI survey shows, these instances may be far rarer than media headlines suggest.

Survey Results: Entertainment Over Emotional Investment

Muah AI‘s survey provides a comprehensive look at how its users interact with their AI companions, and the results challenge the notion that most users are looking for a serious relationship with AI. According to the data:

Less than 2% of users consider themselves to be “seriously dating” their AI companion.A significant majority view their interactions with the AI as a form of entertainment or roleplaying rather than a meaningful romantic or emotional connection.Many users engage with AI companions out of curiosity or as a way to pass the time, often treating the interactions as light-hearted and fun rather than a substitute for a real-life relationship.A notable portion of users also expressed that they enjoy using AI companions for creative roleplaying scenarios, where they can explore fictional or fantasy-based interactions without any real-world implications.

This data suggests that while the idea of an “AI girlfriend” may be intriguing, most users are not approaching it with the intention of forming a serious romantic bond. Instead, they are treating it more like a game or simulation, where they can experiment with different types of interactions and relationships in a low-stakes environment.

Why Are Users Hesitant to Commit to AI Companions?

There are several reasons why users may be hesitant to view their AI companion as a genuine romantic partner. First and foremost is the awareness of the artificial nature of the interaction. While AI can simulate human conversation and emotions, most users are well aware that these responses are pre-programmed and algorithmically generated. The knowledge that their “partner” is ultimately a machine can create a barrier to forming a deep emotional connection.

Moreover, many users view AI companions as a tool for escapism or fantasy rather than a replacement for real-life relationships. In the same way that people may enjoy playing video games or engaging in fictional roleplaying, interacting with an AI companion can offer a similar outlet for creativity and entertainment. These users are not seeking emotional fulfillment from the AI but rather a way to explore different scenarios and personalities without the complexities of real-world dynamics.

Additionally, there are ethical and philosophical concerns that may prevent users from seriously considering a relationship with AI. The idea of forming a romantic connection with a machine raises questions about authenticity, consent, and the nature of love. Many users may feel uncomfortable with the idea of developing feelings for an entity that lacks true emotions or consciousness, no matter how convincing the simulation may be.

The Future of AI Companions: Entertainment or Emotional Support?

While the Muah AI survey indicates that most users are not taking their AI companions seriously as romantic partners, that does not mean that AI companions are without value. For many, these AI entities serve as a valuable source of emotional support and companionship. Users who are isolated, dealing with mental health challenges, or simply looking for someone to talk to may find comfort in the consistent and non-judgmental nature of an AI companion.

Furthermore, the role of AI in human relationships may evolve as the technology continues to improve. As AI becomes more advanced, it is possible that future iterations of AI companions could offer even more realistic and emotionally engaging interactions. This could blur the line between entertainment and emotional connection even further, leading to more users considering AI as a legitimate relationship option.

However, the survey data suggests that for now, AI companions are primarily being used for fun and fantasy rather than serious emotional investment. Whether this changes in the future will depend not only on advancements in AI technology but also on shifting societal attitudes towards AI-human relationships.

Conclusion

The concept of an “AI girlfriend” may have captured the imagination of many, but Muah AI‘s survey reveals that most users are not taking their AI companions seriously as romantic partners. With fewer than 2% of users considering themselves to be in a serious relationship with their AI, it’s clear that the majority view these interactions as a form of entertainment or roleplaying rather than a meaningful emotional connection.

As AI technology continues to develop, it will be fascinating to see how users’ relationships with AI companions evolve. For now, however, it seems that the allure of AI companionship lies more in its ability to entertain and provide creative outlets than in offering a substitute for real-life romantic relationships.

Ultimately, the future of AI-human relationships is still in its early stages, and as AI becomes more capable, the way people engage with these digital companions may change. But as of now, it’s clear that most users are enjoying the novelty of AI companionship without taking it too seriously—at least not yet.

Media/Business Contact Information:
Muah AI 

PR Director:
Ashley

Contact Number:
+1 626-677-6013

Company Website:
https://muah.ai 

Company email:
love@muah.ai

Feel free to reach out if you are interested in writing a dedicated piece about Muah AI!

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SOURCE Muah AI

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Internet Society Report Highlights Challenges and Recommendations for Internet Connectivity in the Middle East

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WASHINGTON, Sept. 22, 2024 /PRNewswire/ — The Internet Society (ISOC), a global charitable organization advocating for an open, globally connected, and secure Internet, released a comprehensive report on the state of Internet connectivity across the Middle East and North Africa (MENA) region.

The report underscores Internet connectivity as a catalyst for economic growth and social development and how an increase in fixed broadband access has a direct impact on growing gross domestic product (GDP).

Key Findings:

Growth in Mobile and Fixed Broadband: Both mobile and fixed broadband connections have grown substantially from 2015 to 2021, particularly in Gulf States with advanced fiber-optic and 5G networks. However, deployment has been slower in other parts of the region, primarily due to infrastructure challenges and affordability issues.

Mobile Internet users increased from 130M to over 180M between 2016 and 2021, with Egypt, Tunisia, and Morocco showing the highest growth rates. Fixed broadband users rose from 17M to 29M in the same period, with Egypt leading the way. The Arab region lags behind other regions in fiber optic deployment, with stagnation in investment since 2018.

High-Income Countries: Significant progress in broadband infrastructure, especially in Gulf Cooperation Council (GCC) countries due to 5G rollout. High-income countries improved their Internet availability from 77.34 to 79.37, surpassing global averages.Low-Middle-Income Countries: Broadband has improved modestly, but challenges persist. Despite overall progress, a significant digital divide remains between high-income and low-middle-income countries, partly due to political and economic instability in some regions, such as Tunisia and Syria.

Infrastructure Challenges: There is a heavy reliance on European Internet Exchange Points for international Internet traffic, which results in slower speeds due to additional data hops.

Emerging Technologies: The report emphasizes the role of emerging technologies such as High-Throughput Satellites (HTS) and Low-Earth Orbit (LEO) satellites in bridging the connectivity gap. These technologies are crucial for expanding access to underserved rural areas.

Impact of COVID-19: The COVID-19 pandemic has adversely affected network performance and digital transformation plans, causing delays and disruptions in connectivity improvements.

Recommendations:

Policy and Regulation: The Internet Society advocates revising regulatory frameworks to accelerate infrastructure deployment. Key recommendations include enhancing spectrum policies, removing regulatory barriers, and fostering public-private partnerships to drive investment, competition, and support for small and medium enterprises.

Spectrum Availability: North African countries have limited spectrum compared to global averages, impacting network capacity and costs.Regulatory Frameworks: Enhance regulatory frameworks to foster investment, encourage spectrum and infrastructure sharing, and support new technologies like HTS and LEO satellites.

Collaboration and Investment: Promote public-private partnerships and update national broadband plans to improve infrastructure and connectivity.

Digital Skills and Literacy: Addressing digital skills and literacy is crucial for maximizing the benefits of Internet connectivity. The report calls for more affordable, relevant, and inclusive education and training programs to build a digital workforce.

Local Internet Exchange Points (IXPs): The report stresses the importance of establishing and upgrading IXPs to enhance local Internet traffic, reduce costs, and improve service quality. Governments are encouraged to support IXPs by providing resources and facilitating network interconnections.

“The Internet has become indispensable for many people, and its role in connecting people, fostering economic opportunities, and driving innovation is undeniable. The Arab region has made big leaps in the availability and adoption of the Internet in recent years; however, adoption rates are still low. We hope that governments will use our report to learn about the improvements that can be made in infrastructure deployment, affordability of service, market structure, and regulatory frameworks,” explains Nermine El Saadany, Regional Vice President for the Middle East for the Internet Society.

About the Internet Society
Founded by Internet pioneers, the Internet Society (ISOC) is a global charitable organization dedicated to ensuring the open development, evolution, and use of the Internet. Through a global community of chapters and members, the Internet Society collaborates with a wide range of groups to promote the technologies that keep the Internet safe and secure and advocates for policies that enable universal access. The Internet Society is also the organizational home of the Internet Engineering Task Force (IETF).

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Representatives from 57 countries, regions and 6 international organizations, are gathering in Suzhou.

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What important topics are they discussing about? Let’s find out!

BEIJING, Sept. 22, 2024 /PRNewswire/ — I’m Xiao Lin from National Immigration Administration. On September 9th, the first Sub-Forum on Migration Management Cooperation was successfully held. Representatives from all parties expressed their insights and appeals around the development and innovation of migration governance.

It was truly a content-rich event!

Why does the international community focus on the topic of “Migration Governance” so much?

At present, changes unseen in a century is unfolding at a faster pace. The situation in the wider world remains complex and fluid. However, peace, development, cooperation and win-win results are still an unstoppable historical trend. Migration governance is critical to economic development of individual countries, global security governance and international cultural and people-to-people exchanges. It has increasingly become a key issue in global governance.

Here are the key points:
At the forum, NIA made three commitments: implementing more open policies for the cross-border flow of people, more effective actions in the governance of transnational crimes and more extensive global cooperation in migration governance, injecting new impetus to opening up and development; At the same time, three initiatives have been put forward, [Original scene of the initiative] contributing China’s wisdom and solutions to global migration governance and further showcasing its image as an open, confident, secure, and thriving major power.

Representatives also made keynote speeches, sharing their migration governance policies, measures and experience, and providing their perspectives on regional and international migration governance.

Pooling wisdom for win-win results.

In a changing era, National Immigration Administration of China stands ready to work with all parties to promote global migration governance to a higher level and contribute more wisdom to world peace, development, prosperity and stability!

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SOURCE National Immigration Administration

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