Global fleet management and trailer tracking system subscriptions are expected to grow from 13.3 million in 2012 to 30.4 million by 2016.
Dominique Bonte, vice president and group director, telematics and M2M, comments:
“The commercial telematics market continues to enjoy good overall growth as smaller fleets and new non-trucking segments such as delivery, service, and public and private transportation are being addressed by vendors offering more affordable solutions.
Qualcomm Enterprise Services’ recently launched Mobile Computing Platform MCP50 fleet management solution available for $799, as well as a $19.95 monthly service plan, aims to bring commercial telematics within reach of these markets.”
The commercial telematics industry continues to adopt next-generation technologies, such as SaaS, as demonstrated by the recent acquisition of commercial off-board navigation vendor Maptuit by Telogis. Real-time traffic is finding its way into FMS solutions with MiX Telematics partnering with crowdsourced traffic application provider Waze in South Africa and TomTom Business Solutions launching a dispatch feature based on shortest travel time and estimated arrival times (ETA), allowing businesses increased customer service levels. Finally, the convergence trend continues unabated with TomTom launching their WEBFLEET mobile fleet management application on iPad and Android tablets.
Insurance telematics in commercial fleets is also finally gaining momentum with recent announcements from TomTom/Motaquote and NexTraq/GMAC. This mirrors rising interest levels in UBI in consumer markets.