| [January 23, 2013] |
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Global Fleet Management System Revenues to Exceed $27 Billion by 2018, Says ABI Research
LONDON --(Business Wire)--
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 (News - Alert), 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:
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Growing number and importance of factory-installed solutions from
truck OEMs such as Daimler (FleetBoard), DAF Trucks, the Scania Group,
Renault, Iveco, and Volvo Trucks mainly focused around diagnostics,
maintenance, and safety.
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Vendors focusing on specialist segments such as heavy equipment
(Navman Wireless), Bus & Coach (Mix Telematics, GreenRoad) and trailer
tracking.
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Vendors such as Fleetmatics and TomTom (News - Alert) targeting smaller fleets and
non-trucking segments such as delivery, utility, service, and
government fleets with low-cost solutions based on SaaS (News - Alert) and
convergence technologies.
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FMS vendors expanding internationally into developing regions such as
Latin America, Asia-Pacific (China) and Russia which are expected to
experience significant growth with mandates as an important market
driver.
-
Overall maturing and consolidating fleet management market with
growig awareness about the benefits of fleet management technology to
monitor and improve customer service related metrics such as on-time
delivery and satisfaction levels and as a strategic business
intelligence and management tool.
ABI Research's (News - Alert) 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 (http://www.abiresearch.com/research/service/commercial-vehicle-telematics/),
Logistics
and Supply Chain Technologies (http://www.abiresearch.com/research/service/logistics-and-supply-chain-technologies/),
and Smart
Cities (http://www.abiresearch.com/research/service/smart-cities/)
Research Services.
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.
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