More than 9 million GPS and wireless devices used to manage fleet vehicles, trailers, construction equipment and mobile workers will be in use by 2015, representing a $3 billion market.
According to a study by C.J. Driscoll & Associates, the growth will be led by the GPS fleet-tracking sector, which is currently seeing an annual growth rate of between 15 percent and 20 percent. This will likely continue with new government regulations that require more U.S. companies to use electronic on-board recorders to monitor their drivers' hours of service.
While mobile resource management services are relatively fragmented, the study found their consolidation will increase as the services include more standards such as GPS fleet management, and as GPS providers make acquisitions to enter vertical markets.
The emerging market for managing mobile workers with GPS-equipped devices will also be a key growth area, according to the study. - Geoff Whiting