Car rental Industry Analysis, Car rental Industry Research Report, Car rental Business Review : Ken Research

• With the technology of IoT the rental car workers can monitor the car’s fuel level
and odometer. In addition the IoT stage can help in locating any vehicle in real
time, which is very much beneficial if the car is not returned to the proper location
at the time. The car rental companies can track the GPS location to find out more
related to why people rent their vehicles which help in improving the mapping for
future use. On a larger scale, the IoT technology will help the car rental companies
in understanding how customers use their cars. The applications of the IoT lead
the market growth globally moreover, the global rental company, Hertz, has been
eager to put the IoT technology to use in its business vehicles. Whereas, Hertz has
collaborated with the retail stores across Europe due to which the customers who
make physically large purchase can rent a car by the hour to escort their items
home. According to the report analysis, ‘CAR RENTAL INDUSTRY RESEARCH
REPORT’ states that IoT products are gaining momentum in the market and IoT
marketplaces are like gateways that offers companies the option to connect and
interact with the vast range of vendors without creating any platform. Moreover,
the major companies in this industry are benefitting from the IoT through cost
savings due to predictive maintenance, improved safety, and other operational
efficiencies.