Growth in the commercial telematics market should exceed 50% in the next three years, according to a leading telematics analyst. Graphic courtesy of GPS Insight.
Telematics Market Expected to See Explosive Near-Term Growth
Commercial fleet adoption of telematics systems is expected to continue its torrid growth trajectory and increase to 20 million units in three years from the current 13 million units due to the growing popularity of GPS fleet and asset management systems and increasing interest in video-based driver management products and other solutions, according a leading industry analyst.
The projection of a 53% growth rate over three years comes from C.J. Driscoll & Associates “2019-2020 U.S. Mobile Resource Management Systems Market Study,” a 345-page analytical report that updates his 2015 report on these systems.
“One of the real trends we’re seeing is the increased use of video,” Driscoll told Automotive Fleet. “Video brings in another dimension to analyze driver behavior. It also helps reduce liability. Video doesn’t lie.”
Source: Automotive Fleet
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