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2025 Vision of Truck Telematics Market
Burgeoning Need for Data Intelligence to Enable New Revenue Streams
10-Sep-2019
Global
Market Research
The fleet telematics industry is undergoing significant transformation in terms of ‘platformization’, digitalization, and data-driven business models. This transformation in the industry is set to open revenue opportunities for vendors as they diversify into new service-related revenue streams. Major telematics vendors have understood the need for progression and are headed in the right direction, while other vendors have struggled to innovate and often try to emulate strategies of market leaders. Most vendors in the industry are content with their mainstream offerings and ignore potential revenue-generating opportunities within their market radar.
Why Connected Truck Market?
• By 2020, globally about 30 million trucks will be connected.
• Nearly 40% of fleet managers feel connected trucks are a “must have”.
• With smart roads and smart cities, smart trucks will be a necessity.
• High value proposition for all ecosystem partners.
• Future trucks allow the user to easily pay for fuel, toll, parking, infotainment, and many more in real time.
Resreach Highlights
This study focuses on the importance of telematics data and various forms of monetization; significance of an open platform and how it provides a competitive edge in the market, and additional revenue- generating opportunities that are evolving as a part of technology integrations between ecosystem partners.
Vehicular data collected through a telematics platform can help government agencies predict traffic patterns, enhance sustainability, curb emissions, and optimize urban infrastructure projects. Specific datasets comprising texts, images, audio, video from a telematics platform will become an integral part of the smart city Intelligent Transportation System (ITS) data platform. Data can be converted into meaningful and actionable information by means of analytics and reporting that will add value be monetized in the digital marketplace.
The study analyzes key trends such as Smart City, Blockchain, Open Platform, Smart Fleet Card, Data Lake and its impact and value proposition to the global telematics industry.
Case studies of FleetComplete’s cloud-based digital platform, Geotab’s open telematics marketplace, Wirecard’s digital fleet card, Iteris’ smart city platform, and BigchainDB’s blockchain platform are included in this study.
Key Issues Addressed
- What are the key growth opportunities for the telematics industry?
- What are the key attributes of the identified opportunities? How does it translate into benefits for customers?
- What is in it for telematics vendors? How can they add value by incorporating these opportunities to their mainstream telematics business?
- Who are the acting players within each opportunity and what are their best practices?
Author: Krishna Chaithanya Bathala
Key Findings
Global Installed Base of Connected Trucks by Region—A Snapshot
Perceived Importance of Trends Across Regions
Evolution of Services
Evolution of TSPs—Current Vs. Future
Data Monetization Avenues
Research Scope
Research Aims and Objectives
Key Questions this Study will Answer
Research Methodology
Definitions—Vehicles by Type
Smart City
Smart City—Use Case and Benefit Realization
Smart City—Target Audience
Smart City—Case Study
Blockchain
Blockchain—Use Case and Benefit Realization
Blockchain—Target Participants
Blockchain—Case Study
Open Platform
Open Platform—Use Case and Benefit Realization
Open Platform—Target Audience
Open Platform—Case Study
Smart Fleet Card
Smart Fleet Card—Use Case and Benefit Realization
Smart Fleet Card—Target Audience
Smart Fleet Card—Case Study
Data Lake
Data Lake—Use Case and Benefit Realization
Data Lake—Target Audience
Data Lake—Case Study
Growth Opportunity
Strategic Imperatives
The Last Word—3 Big Predictions
Legal Disclaimer
Abbreviations and Acronyms Used
Abbreviations and Acronyms Used (continued)
Market Engineering Methodology
List of Exhibits
List of Exhibits (continued)
Purchase includes:
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- Growth Dialog™ with our experts
Growth Dialog™
A tailored session with you where we identify the:- Strategic Imperatives
- Growth Opportunities
- Best Practices
- Companies to Action
Impacting your company's future growth potential.
Resreach Highlights
This study focuses on the importance of telematics data and various forms of monetization; significance of an open platform and how it provides a competitive edge in the market, and additional revenue- generating opportunities that are evolving as a part of technology integrations between ecosystem partners.
Vehicular data collected through a telematics platform can help government agencies predict traffic patterns, enhance sustainability, curb emissions, and optimize urban infrastructure projects. Specific datasets comprising texts, images, audio, video from a telematics platform will become an integral part of the smart city Intelligent Transportation System (ITS) data platform. Data can be converted into meaningful and actionable information by means of analytics and reporting that will add value be monetized in the digital marketplace.
The study analyzes key trends such as Smart City, Blockchain, Open Platform, Smart Fleet Card, Data Lake and its impact and value proposition to the global telematics industry.
Case studies of FleetComplete’s cloud-based digital platform, Geotab’s open telematics marketplace, Wirecard’s digital fleet card, Iteris’ smart city platform, and BigchainDB’s blockchain platform are included in this study.
Key Issues Addressed
- What are the key growth opportunities for the telematics industry?
- What are the key attributes of the identified opportunities? How does it translate into benefits for customers?
- What is in it for telematics vendors? How can they add value by incorporating these opportunities to their mainstream telematics business?
- Who are the acting players within each opportunity and what are their best practices?
Author: Krishna Chaithanya Bathala
| Deliverable Type | Market Research |
|---|---|
| No Index | No |
| Podcast | No |
| Author | Chaitanya Krishna |
| Industries | Automotive |
| WIP Number | ME07-01-00-00-00 |
| Is Prebook | No |
| GPS Codes | 9800-A6,9B01-A6,9963-A6,9AF6-A6 |