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Connected Fleet report 2014 - 5 minute findings
- 1. Connected Fleet report 2014 02/10/2013 www.telematicsupdate.com Twitter: @TelematicsUpdte #TUnews 1 Analysis of the industry trends, vehicle fleet needs and development of the fleet telematics market
- 2. Connected fleet services, 2013 02/10/2013 www.telematicsupdate.com Twitter: @TelematicsUpdte #TUnews 2 Currently, Asset tracking is the most valuable connected service for fleet in 2013, followed by stolen vehicle recovery and routing.
- 3. Telematics service priorities, 2013 Suppliers today are focusing heavily on asset tracking and route management, where it is possible to show operational efficiencies and increased revenues from smarter working. However, fleet managers are focusing heavily on driver behavior, driven in part by legislation but also because here too there are savings and business opportunities. 02/10/2013 www.telematicsupdate.com Twitter: @TelematicsUpdte #TUnews 3 There is a disconnect between the functions telematics service providers believe are the most valuable in 2013 and the technologies fleet managers need.
- 4. Connected fleet services, 2014-17 02/10/2013 www.telematicsupdate.com Twitter: @TelematicsUpdte #TUnews 4 Providing driver behavior data will be the most valuable connected service in the future, although tire pressure and predictive maintenance will be important.
- 5. Fleet telematics growth markets 02/10/2013 www.telematicsupdate.com Twitter: @TelematicsUpdte #TUnews 5 The majority of United States based telematics executives are confident that the US will experience the greatest growth in 2014.
- 6. Fleet telematics product launches, 2014 02/10/2013 www.telematicsupdate.com Twitter: @TelematicsUpdte #TUnews 6 46% of United States based telematics executives surveyed will be launching a major fleet telematics product in 2014.
- 7. Trucking fleet telematics expenditure 22% of solution procurement executives within Trucking fleets have budgets exceeding $500,000 to spend on telematics in the next 12-18 months. 02/10/2013 www.telematicsupdate.com Twitter: @TelematicsUpdte #TUnews 7 44% of trucking executives have budget to spend on fleet telematics in the next 12-18 months.
- 8. Industry reviews “Successfully understanding the financial drivers, risk management benefits and positive economic impact of telematics can be difficult with the competing growth of smart devices and the maturation of the installed device vendors. This report clearly summarizes the trends and emerging economic forces propelling the industry forward. I recommend it to any Commercial Insurance executive considering an investment in the development of a Usage Based Insurance product.” - Chris Carver, product Management, Liberty Mutual “The preeminent report on the telematics fleet industry today. It provides in depth knowledge regarding everything from fleet telematics to UBI. The interviews and quotes from industry experts as well as fleet managers sets this report apart from others. Engaging and full of knowledge, this study is a must read for anyone involved in the telematics and fleet industries.” - Nicholas Ehrhart, VP of Business Development, Donlen Corporation 02/10/2013 www.telematicsupdate.com Twitter: @TelematicsUpdte #TUnews 8 The Connected Fleet report 2014 was reviewed by industry experts, two of their reviews are shown below: