Industry Analysis & Industry Trends
The Fleet Telematics Systems industry has performed exceptionally well over the past five years as the proliferation of industry products increased. Nevertheless, continued outsourcing of hardware production and saturation in certain markets slightly hindered growth. Over the next five years, the industry is expected to continue its rapid growth. Greater use of mobile devices with internet connections, increasing regulations and new markets are projected to spur demand. However, imports and strong competition resulting from relatively low barriers to entry will slightly taper industry growth.... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Fleet Telematics Systems industry has a moderate level of market concentration, with the four largest players accounting for an estimated 55.7% of industry revenue. Despite the presence of nationwide major players, most of the industry comprises small-scale firms that only serve a small market, based on the functionality of the telematics systems they provide. These smaller companies typically have only a few contracts and operate web-based applications rather than through hardware installed at the client's base of operations. The larger-scale firms use their abundant resources to offer premium products that allow more functionality.
However, over the past five years market concentration has significantly increased... purchase to read more