#Factoftheweek
19.2 million to 33.2 million fleet management systems in just five years?
What’s fueling this more than 70% growth by 2029. According to Berg Insight, it’s a boom in North American commercial-vehicle telematics.
Here’s a few key drivers:
- Strong market consolidation
- Rapid fleet digitalization
- M&A fueling scale
- OEM + aftermarket mix
- Fleet penetration rising
What does this mean? Fleets are doubling down on connectivity and data. And we can expect the digitalization of commercial transport to continue to accelerate in the next few years.
With all this in mind, will the top telematics players maintain their dominance? Will niche providers come to market? How will all this impact costs, insurance, and regulations? What new services will emerge as telematics become more ubiquitous in commercial fleets?