Global Commercial Telematics Subscribers will Reach Nearly 25 Million in 2014
According to ABI Research, from 2014 onward, total global commercial telematics subscriptions will ramp up at an accelerated rate. In fact, in 2019 total global subscriptions will increase by 3X from what they are now in 2014. Much of this growth will come from Asian and Latin American markets and subscription numbers in the Middle East and Africa will even reach significant portions by 2019.
Recently, subscriber numbers in commercial telematics have trundled along and increased at a gradual rate, attributed mostly to North American and in part Western European markets. However, as these markets become increasingly mature telematics providers such as Trimble, Telogis, TomTom, Masternaut, Arvento, MiX Telematics, Navman Wireless, Ituran, and many others are looking to penetrate new markets such as Latin America, the Middle East and Africa, and Asia.
Filomena Berardi, Senior Analyst shared her take on the situation: “In recent research interviews conducted with many of the leading telematics providers it was made explicitly clear that going forward Latin America, Southeast Asia and the Middle East are strategic focuses for companies. Many markets are recognized as being tough nuts to crack and in many cases there are a number of local players already present so the ambitions are not without risks. The attraction to penetrating these markets lies in the huge volume potential and the genuine need for telematics to help resolve a catalogue of issues.”
These findings are part of ABI Research’s Commercial Vehicle Telematics Market Research.
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