Verizon, Trimble and Geotab Rank as Top Telematics Suppliers
Global commercial telematics system revenues are projected to rise across trucking segments from $13.5 billion in 2017 to over $23 billion in 2022.
Verizon retains its lead among 12 strategic commercial telematics suppliers in a recent competitive analysis, according to ABI Research. Trimble and Geotab ranked second and third place, respectively. Trimble came remarkably close, benefitting from its scale and extensively broad verticals, as well as converged telematics and video. Geotab has had a dramatic rise from a 14th ranking only two years ago by developing a secure, scalable, and open platform that has won both strategic customers and partners across the commercial telematics industry.
The top five vendors, overall, listed by rank include: Verizon, Trimble, Geotab, TomTom Telematics, and Omnitracs. Also notable is the first inclusion of Beijing-based G7, the telematics leader in China, with strategic accounts like Amazon China and JD.com, as well as facial recognition and AI powered by Argus.
Global commercial telematics system revenues are projected to rise across trucking segments from $13.5 billion in 2017 to over $23 billion in 2022, according to ABI Research. The commercial telematics industry will continue to change rapidly, addressing a changing marketplace from “co-opetition” to rising OEM factory installs to technologies such as prognostics, video, and blockchain.
“Verizon led with at least 15 OEM partnerships, prognostics capabilities, acquisitions such as Skyward and enterprise-grade APIs,” said Susan Beardslee, a senior analyst at ABI Research. “Trimble accelerated growth through its ISE and 10-4 Systems acquisitions, industry-leading vertical coverage beyond its core including rail, forestry, and utilities, and its rapid acceleration of its ecosystem partnerships.
“Geotab’s is a vendor to some of North America’s largest fleets. They added extensive capabilities, such as Guardian system by Seeing Machines and Noregon’s TripVision for prognostics.”
Of note, TomTom Telematics will be the first official partner for Microsoft’s Azure location-based services for critical location and real-time traffic data. Omnitracs continues joint development with Peloton on platooning and accelerated its driver prognostics capabilities as well as work with Cummins on OTA connectivity.
For more information, visit www.abiresearch.com.