Global fleet management system revenues are expected to grow from $9.08 Billion in 2013 to $27.61 Billion in 2018.
“The commercial telematics industry continues to see strong growth with FMS vendors increasing their installed base of vehicles under management. While until recently reaching the milestone of 100,000 subscriptions was exceptional, more than 20 vendors have now exceeded this number with Masternaut, TrafficMaster, Telogis, and TomTom even having passed the 200,000 mark and Fleetmatics, Trimble, and Qualcomm the 300,000 mark,” says VP and practice director Dominique Bonte.
With penetration levels in the trucking segment already quite high, further growth in this market will be fueled by the following evolutions:
ABI Research’s new “Commercial Telematics” Market Data contains forecast data per region on hardware shipments, hardware revenue, system users, subscribers, and service revenues in the commercial telematics sector for seven regions, plus the US and Canada. It is part of the Commercial Vehicle Telematics, Logistics and Supply Chain Technologies, and Smart Cities Research Services.
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