Mid-sized commercial fleet operators worried about compatibility, flexibility of OEM telematics
Mid-sized commercial fleet operators are concerned about the compatibility and flexibility of telematics supplied by original equipment manufacturers, a survey by Strategy Analytics found.
Those operators are currently satisfied with aftermarket telematics systems that they have deployed for their fleet management needs, according to the survey of 50 small to mid-sized commercial fleets in the United States, United Kingdom, and Germany.
A full 75 percent of mid-sized commercial fleet operators said that they were "very satisfied" with their aftermarket telematics systems and services and have seen a positive return on investment.
Operators were satisfied with the improved operational efficiency, driver behavior, vehicle management and ease of implementation of the aftermarket systems.
A recent study by Frost & Sullivan found that there is a significant growth opportunity in light commercial vehicle telematics for smaller fleets, which are currently using telematics as a means to track and trace their fleets.
Small fleets have been slow to use telematics as a fleet management solution. Around 80 percent of fleets have less than 10 vehicles, and this segment has not been significantly penetrated by FMS, according to Frost & Sullivan.
The research firm found that the North American LCV telematics market earned revenue of $585 million in 2011, and predicted it would reach $1.1 billion in 2018.