Verizon will control about 25% of the telematics market following its planned acquisitions of Fleetmatics and Telogis in moves that indicate steady growth ahead for fleet telematics use, a market expert said.
Verizon Communications will acquire leading telematics provider Fleetmatics Group for $2.4 billion in a cash deal that will create a powerhouse telematics provider.
After realizing the basic benefits of vehicle tracking, fleet operators are starting to use telematics systems to forecast demand, track historical trends, protect against false claims, and automate hours of service.
Fleetmatics Group PLC has been named as the leading provider of fleet management solutions in the Americas for the third in a row by Berg Insight.
Landscaping service vehicles equipped with Fleetmatics telematics systems worked the most hours in West Virginia, increased productivity during the spring and summer, and traveled more than 100 miles per day.
Pest control vehicles with Fleetmatics telematics systems made more than 11.5 million stops in 2015 and logged the most activity in Nevada, Utah and Texas, Fleetmatics has announced.
Fleetmatics has released a report that includes an analysis of the driving behavior of fleets across the U.S. New Mexico and New Jersey were included in the list of top 10 states with the most severe driving incidents.
Telematics technology has seen sweeping changes over the past decade, going from a limited location-only solution to an all-encompassing vehicle and personnel management tool. The future is expected to include predictive analytics.
The number of active fleet management systems deployed in Europe is expected to increase from 4.4 million in 2014 to 8.9 million by 2019.
Fleetmatics Group PLC has added 50 new mid-market customers in the third quarter, and the telematics provider secured at least one mid-market size transaction in every country it serves in the quarter ending Sept. 30, Fleetmatics has announced.
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