Global Commercial Telematics Revenues to See Rapid Growth, Exceeding US$41 Billion by 2027

"We are witnessing advancements in cloud and machine-to-machine (M2M) technologies, enabling quick and much more accurate tracking of GPS data and enabling other sensor parameters accessible for real-time reporting. Data aggregation platforms that provide fleet managers with a single data view combined from disparate sources are also growing. Current fleet management technology is synonymous with fleet management systems and represents the heart of M2M- and IoT-based business model innovation," Luitel adds. Some key fleet management vendors include Targa Telematics, Verizon Connect, Samsara, Ridecell, and Geotab.

"We are witnessing advancements in cloud and machine-to-machine (M2M) technologies, enabling quick and much more accurate tracking of GPS data and enabling other sensor parameters accessible for real-time reporting. Data aggregation platforms that provide fleet managers with a single data view combined from disparate sources are also growing. Current fleet management technology is synonymous with fleet management systems and represents the heart of M2M- and IoT-based business model innovation," Luitel adds. Some key fleet management vendors include Targa Telematics, Verizon Connect, Samsara, Ridecell, and Geotab.

"The industry is also witnessing a movement of commercial telematics solutions shifting from aftermarkets to trucking OEM factory fits, allowing connected commercial vehicles to be the norm. Such developments, coupled with recent supply chain disruptions have allowed fleet managers to realize the importance of collecting actionable data about how their vehicles, drivers, and mechanics are performing to optimize fleet utilization or make those concise and well-informed decisions in the future," concludes Luitel.

These findings are from ABI Research's Road Freight Transportation Technology Trends application analysis report. This report is part of the company's Supply Chain Management and Logistics research service, which includes research, data, and ABI Insights. Based on extensive primary interviews, Application Analysis reports present an in-depth analysis of key market trends and factors for a specific technology.

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