Skip to main content

Commercial Telematics Apps Help Fuel IoT Growth

The growing applications for the Internet of Things (IoT) within the commercial vehicle marketplace has reached an inflection point where numerous benefits are increasing adoption. New eCommerce shipping logistics optimization apps are just the beginning.

The commercial telematics industry is now primed for growth in the next five years, especially in the enterprise and SMB segments, with players such as Telogis and Fleetmatics leading the way in these respective verticals in the United States market.

According to the latest market study by ABI Research, it's just a matter of time before the first vendor exceeds one million vehicles under management -- with Fleetmatics having set a target of 1.2 million subscriptions by 2020.

"We are witnessing the emergence of a very dynamic ecosystem characterized by cut-throat competition, aggressive marketing, mergers and acquisitions galore, and high levels of equity investment with high expectations about quick returns," said Dominique Bonte,  VP and GM at ABI Research.

This results in accelerating awareness about the many benefits of commercial vehicle telematics far beyond the traditional asset tracking, diagnostics and fuel saving paradigms.

Technologies such as onboard diagnostics (OBD) dongles and Cloud or SaaS solutions linked to hardware agnostic approaches leveraging third party application developer ecosystems on smartphones and ruggedized tablets are critical growth drivers.

They allow vendors such as Telogis, PeopleNet (Trimble), Astrata, Zonar, CalAmp and Geotab to cost-efficiently address wide ranging requirements across a large number of segments -- including the growing commercial vehicle OEM opportunity.

ABI believes that optimized routing and truck-based navigation capabilities enabling low-cost delivery are becoming critical assets for addressing exploding eCommerce retail models, goods distribution and work flow management.

However, while telematics increasingly empowers the knowledge worker, new smart mobility paradigms are already appearing on the horizon, threatening to disrupt the status-quo with autonomous trucks and self-driving taxis expected to redefine the role of the driver or even removing it completely.

Finally, commercial vehicle telematics and fleet management solutions are no longer mainly confined to the United States and Western Europe -- with China, Southeast Asia, Africa and the Middle East, and Eastern Europe representing new opportunities for both local and foreign vendors.

Popular posts from this blog

Industrial and Manufacturing Technology Growth

In an evolving era of rapid advancement, market demand for innovative technology in the industrial and manufacturing sectors is skyrocketing. Leaders are recognizing the immense potential of digital transformation and are driving initiatives to integrate technologies into their business operations.  These initiatives aim to enhance efficiency, reduce costs, and ultimately drive growth and competitiveness in an increasingly digital business upward trajectory. The industrial and manufacturing sectors have been the backbone of the Global Networked Economy, contributing $16 trillion in value in 2021. Industrial and Manufacturing Tech Market Development   This growth represents a 20 percent increase from 2020, highlighting the resilience and adaptability of these sectors in the face of unprecedented challenges, according to the latest worldwide market study by ABI Research . The five largest manufacturing verticals -- automotive, computer and electronic, primary metal, food, and machinery -

GenAI Revolution: The Future of B2B Sales Apps

When B2B buyers consider a purchase they spend just 17 percent of that time meeting with vendors. When they are comparing multiple suppliers‚ time spent with any one salesperson is 5 or 6 percent. Self-directed B2B buyer online research has already changed procurement. IT vendors are less likely to be involved in solution assessment. Now, more disruptive changes are on the horizon. By 2028, 60 percent of B2B seller work will be executed through conversational user interfaces via Generative Artificial Intelligence sales technologies -- that's up from less than 5 percent in 2023, according to Gartner. Generative AI Market Development "Sales operations leaders and their technology teams must prepare for the convergence of new forms of artificial intelligence, dynamic process automation, and reinvented deal-planning activities that will transform the sales function," said Adnan Zijadic, director analyst at Gartner . According to the Gartner assessment, Generative AI (GenAI) s

Rise of AI-Enabled Smart Traffic Management

The demand for smart traffic management systems has grown due to rising urban populations and increasing vehicle ownership. With more people and cars concentrated in cities, problems like traffic congestion, air pollution, and greenhouse gas emissions are pressing issues. Since the early 2000s, government leaders have been exploring ways to leverage advances in IoT connectivity, sensors, artificial intelligence (AI), and data analytics to address these transportation challenges. The concept of a Smart City emerged in the 2010s, with smart mobility and intelligent traffic management as key components.  Smart Traffic Management Market Development Concerns about continued climate change, as well as cost savings from improved traffic flow, have further motivated local government investment in these advanced systems. According to the latest worldwide market study by Juniper Research, they found that by 2028, smart traffic management investment will be up by 75 percent from a 2023 figure of