OYSTER BAY, N.Y.—There is a clearly defined need to adopt fleet management systems for tracking and remotely controlling vehicles in an emergency, as well as provide added value, according to a new report from Allied Business Intelligence Inc. titled, “Fleet Management Systems: A Global Analysis of Telematics Opportunities, Technologies and Trends in Commercial Vehicle Operations.”
According to the report, the global FMS market for commercial vehicles is expected to grow from around $2 billion in 2001, to nearly $6 billion by year-end 2007.
“Due to deteriorated market conditions, increased competition and higher debt, many FMS vendors have been forced to restructure and focus on their core competencies. As a result, 2002 will witness rising competition and market specialization, progressively more sophisticated distribution channels and increased product differentiation in commercial vehicle telematics offerings,” said Frank Viquez, senior analyst with ABI.
