Industry Analysis & Industry Trends
The industry struggled during the recession, as revenue, employment and enterprise numbers experienced declines as a result of falling demand from trucking companies. Nevertheless, industry revenue is forecast to grow as the economy improves, and fleet operators will demand industry products to cut costs and promote a greener image. Competition increase as technology evolves, but wireless connectivity and mobile-device use will continue to spur demand.... 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 43.0% 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