The Road Is Paved With Opportunity
The global on-road commercial telematics system industry will exceed $29B in revenue by 2024, while telematics across the commercial services vertical will grow at a 19% CAGR.
Factors such as e-Commerce, new alliances, economic pressures, and labor challenges are creating an urgent need for flexibility, predictivity, and end-to-end and near-real time visibility across transportation modes.
Freight solution providers and customers need to sort through the jargon to determine requirements, timing, and partnerships for a range of emerging technologies including freight/route optimization, electrification, ADAS/autonomy, blockchain and prognostics. Speed of execution continues to shrink with increasing requirements for tracking of drivers, vehicles and cargo at a more granular level. 5G, satellite, and autonomous vehicles are creating use cases not previously possible with many still to be discovered.