The GPS/AVL and telematics industry has been developing for a long time. Webtech Wireless started business in 1999 and today we have over 100,000 subscribers using our telematic solutions. While creating a new technology market can feel like climbing a mountain, now is a good time to join us on the trail. The routes are well defined and we are here to make it easy for you to gain the insight, benefits, and cost savings of deploying a telematic solution.
To give you some idea of the growth of the telematic market, here are some of the latest statistics:
- The total Mobile Resource Management (MRM) US market will grow at a Compound Annual Growth Rate (CAGR) of 15.9% from 2010 to 2013 (Source: Licht & Associates).
- The North American forecast for the number of fleet management systems in active use will have a CAGR of 12.6% from 2010 to 2015 (Source: Berg Insight).
- Global telematic component markets will grow at a CAGR of nearly 21% from 2011 to 2016 (Source: BCC Research).
These growth predictions demonstrate that telematic solutions have moved out of the early adopter category and into the mainstream. The reasons for adopting and deploying a telematic solution for your fleet include the following list from an MRM presentation by Licht & Associates:
Increased Productivity: Increase the number of jobs per day and more productive driving miles.
Improved Customer Service: More timely response times, real-time status updates, and tighter service windows.
Cost Savings: More efficient routing, fuel reductions in the 5-15% range, and reduced maintenance costs in the 10-30% range.
Risk Management: Accident reduction, lower insurance costs, accident reconstruction, and asset recovery.
Regulation/Green Initiatives: U.S. Senate Bill 3884 (installation of electronic on board recorders), CONTRAN 245 in Brazil (installation of a GPS tracking device on new vehicles), and vehicle re-routing as a key way to reduce miles in a transportation green initiative.
We have helped clients in all these areas and are enthusiastic about being part of the growing telematic market in 2012 and the future.