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Cost savings, driver safety and passenger convenience are the main driving forces behind the adoption of fleet telematics across a wide range of previously neglected market segments like urban buses, motor coaches, taxis, emergency vehicles, rental fleets and light commercial vehicles. Other areas where the telematics system is useful are police cars, ambulances and fire department fleets. The commercial telematics industry continues to see strong growth with fleet management service vendors increasing their installed base of vehicles under management. Research report, "Fleet Management Market" shows that global fleet telematics revenues are expected to grow from $8.7 Billion in 2013 to $27.3 Billion in 2018. According to a study, "Global Commercial Vehicle Telematics Market 2011-2015," 42% of the vehicles in commercial use will be equipped with telematics systems by 2015.
Learn more about market research reports on fleet telematics.