Commercial fleet telematics consolidation to continue, says Juniper
Consolidation within the commercial fleet telematics market will continue, with the eventual emergence of global fleet telematics players from current leaders, according to a report by Juniper Research.
In the meantime, commercial telematics will spread to smaller commercial vehicle classes, driven by efficiency gains and cost savings, the report noted.
Insurance telematics is reaching the point of wide-scale deployment, particularly in certain markets such as the United States, Italy and the United Kingdom.
In the consumer market, advancements in entertainment head-units and higher smartphone penetration rates will result in app-capability reaching a fifth of all consumer vehicles in the developed markets of North America and Western Europe by 2017.
"Sky-high smartphone ownership and a standardized approach to integrating apps into the vehicle head-unit mean that the barriers to making the connected car a reality have all but gone," said the report's author and Juniper analyst Anthony Cox.
The report noted that the only factor holding back even faster deployment of in-vehicle Internet is slow growth in the new vehicle market itself, in developed economies.
- see the Juniper Research release