ABI Research: Telematics to power more than 73M commercial vehicles by 2020

ABI Research said the commercial telematics industry is set for very strong growth in the next five years, and predicted that telematics will power more than 73 million commercial vehicles by 2020. The research company said it is just a matter of time before the first vendor exceeds 1 million vehicles under management, with service provider Fleetmatics having set a target of 1.2 million subscriptions by 2020. Technologies such as onboard diagnostics (OBD) dongles and cloud/SaaS solutions linked to hardware-agnostic approaches leveraging third party application developer ecosystems on smartphones and ruggedised tablets are critical growth drivers. Commercial telematics and fleet management solutions are also no longer mainly confined to the U.S. and Western Europe with China, Southeast Asia, Africa and the Middle East, and Eastern Europe representing increasingly important opportunities for both local and foreign players. Release

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