Telematics Penetration in Service Fleets to Exceed 30% Globally by 2019

image
20 Feb 2014

In a cut-throat competitive marketplace, customer service has become strategically imperative for service businesses and utilities trying to differentiate themselves from their competitors. At the same time, new health and safety legislation is becoming a priority for many organizations with large numbers of mobile workers. Companies must now ensure that they have accurate details of every mobile worker’s hours of service and must be able to demonstrate that these workers are not being forced to work long hours, or engage in risky working practices in order to meet customer or company performance targets, which could also have important ramifications on their brand image.

With higher costs associated with meeting these regulatory and service compliance demands as well as constantly rising fuel prices, and with limited resources at their disposal, service companies are looking at deploying ever more sophisticated telematics solutions in a bid to preserve already-thin profit margins.

“Key solutions deployed by service companies are typically fleet management solutions, with driver behavior as an important add-on coupled with a mobile workforce management solution,” comments Gareth Owen, principal analyst at ABI Research. “These are available in varying levels of complexity and are becoming increasingly sophisticated with most telematics service providers offering these solutions in partnerships with specialist software companies.” Other solutions deployed to a lesser extent include vehicle diagnostics and service maintenance solutions. Key companies offering these types of solutions include Trimble, Telogis, Masternaut, Fleetmatics, Teletrac, and TomTom.

ABI Research forecasts that the number of service vehicles equipped with telematics solutions will increase to around 25 million vehicles on a global basis by the end of 2019 representing a penetration exceeding 30%.

“At present, many companies rely on manual scheduling and management reporting which depend on paper records and the potential for strategic business improvement is limited,” adds Owen. “A state-of-the-art mobile workforce management system can monitor all workers in real-time and help a company manage its operations dynamically, ensuring compliance with rules and regulations as well as providing managers with important metrics on every worker and vehicle.”

These findings are part of ABI Research’s Commercial Vehicle Telematics Research Service which provides detailed analytical and quantitative information on developments in the commercial telematics industry around the world.

ABI Research provides in-depth analysis and quantitative forecasting of trends in global connectivity and other emerging technologies. From offices in North America, Europe and Asia, ABI Research’s worldwide team of experts advises thousands of decision makers through 70+ research and advisory services. Est. 1990. For more information visit www.abiresearch.com, or call +1.516.624.2500.

About ABI Research

ABI Research is a global technology intelligence firm delivering actionable research and strategic guidance to technology leaders, innovators, and decision makers around the world. Our research focuses on the transformative technologies that are dramatically reshaping industries, economies, and workforces today.

ABI Research提供开创性的研究和战略指导,帮助客户了解日新月异的技术。 自1990年以来,我们已与全球数百个领先的技术品牌,尖端公司,具有远见的政府机构以及创新的贸易团体建立了合作关系。 我们帮助客户创造真实的业务成果。

For more information about ABI Research’s services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific, or visit www.abiresearch.com.

Contact ABI Research

Media Contacts

Americas: +1.516.624.2542
Europe: +44.(0).203.326.0142
Asia: +65 6950.5670

Related Service