â€‹According to ABI Research global commercial telematics subscribers are said to reach nearly 25 million this year.
The research firm expects that in 2019 this number will triple compared to 2014.
While North America and Western Europe constitute a significant part of the subscribers today, future growth will come from other regions. ABI Research expects that much of this growth will come from Asian and Latin American markets and subscription numbers in the Middle East and Africa will even reach significant portions by 2019.
“In recent research interviews conducted with many of the leading telematics providers it was made explicitly clear that going forward Latin America, Southeast Asia and the Middle East are strategic focuses for companies. Many markets are recognized as being tough nuts to crack and in many cases there are a number of local players already present so the ambitions are not without risks. The attraction to penetrating these markets lies in the huge volume potential and the genuine need for telematics to help resolve a catalogue of issues,” explained Filomena Berardi, a Senior Analyst with the firm.