Key Technology Trends and Considerations for Transportation Mobility Solutions

Per our understanding of the report, telematics continue to play a critical role for transportation companies as the global commercial telematics market grows at an annual rate of 25 percent. North America represents the largest market where estimates project over 20 million installed units by 2024. This growth is fueled by government regulations as well as by demand for aftermarket and OEM offerings. Awareness of the benefits of fleet management technology continues to build, particularly due to its ability to improve fleet operations, better monitor performance, and enhance customer service metrics such as on- time delivery rates and satisfaction ratings. Continued industry focus on driver safety and incident reduction remains a key driver in company adoption of fleet telematics. Enterprises also recognize the safety benefits delivered by these systems.

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