30% of Small Fleet Operators to Adopt Fleet Management Solution by 2020
This study analyzes the North American commercial vehicle telematics market from the base year of 2015 through 2022.
Major topics include evolving market trends, market sizing, business model and pricing structure, breakdown of unit sales by solutions and service types, opportunity analysis, revenue analysis, telematics penetration by vehicle type and fleet size, market share analysis, and exclusive OEM partnerships. An executive understanding of the market is provided via a 360 degree perspective.
Key Predictions:
– OEMs will concentrate focus on data streaming and predictive modeling of Big Data to develop and commercialize vehicle prognostics.
– SaaS-based vendors will work on building open software platforms for easy integration of back-office software and third-party plug-in applications for remote diagnostics, fuel card integration, and video safety among others.
– The no-contract (free hardware and installation) business model will open new avenues for third-party vendors and will be preferred by small and subcontracted fleets operating in field service and local distribution.
– OEMs such as Navistar and Volvo will continue partnering with third-party vendors in order to have an edge over the competition.
– About million vehicles in operation will embrace telematics services by 2020,owing to the published ELD mandate.
– Total Commercial Vehicle Telematics Market: Top 6 Predictions, North America, 2015 – 2022 Future hardware will be multi-network and multi-bandwidth compatible in order to evade replacement costs owing to network upgrade or vendor switching.
Read more of the original article at Business Wire.
