About 5.5 million GPS/wireless devices are currently used to manage fleet vehicles, trailers, construction equipment and mobile workers, according to a C.J. Driscoll & Associates study.
The 2012-13 Mobile Resource Management Systems Market Study predicts by 2015, this market will expand to more 9 million units and annual hardware and service revenues will grow to over $3 billion.
Growth is strongest in the local GPS fleet tracking market, which is expanding at a rate of 15% to 20% per year. In the trucking sector, proposed government regulations may result in a significant expansion in the use of electronic on-board recorders, which are telematics solutions for monitoring driver hours of service.
While the MRM industry remains fragmented, the pace of consolidation is increasing, with GPS fleet management solution providers making acquisitions to complement organic growth and to enter new vertical markets. Private equity firms have been attracted by the industry's Software-as-a-Service model and expanding revenue base.
The 337-page 2012-13 Mobile Resource Management Systems Market Study provides in-depth information on each major MRM market segment, including the markets for vehicle-installed GPS fleet management solutions for local service and delivery fleets and long haul trucking fleets. The emerging market for managing mobile workers with GPS-equipped smartphones and tablets is also examined. In addition, the study covers the markets for monitoring mobile assets, such as fleet trailers and heavy equipment.
More info: www.cjdriscoll.com