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M2M Fleet Management Solutions Enter Period of Growth
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M2M Fleet Management Solutions Enter Period of Growth

M2M Fleet Management Solutions Enter Period of Growth

by katie@ironpaper.comDecember 26, 2014

fleet-200x150Computers were first brought into commercial vehicle fleets in the 1980s and soon after, they started to connect them via satellite and terrestrial wireless networks. So, it was natural progression for the industry to adopt machine-to-machine connectivity to advance M2M fleet management solutions.fleet management
With them, fleet companies are gaining significant business advantages. Namely, data related to fleets, drivers and the assets they are shipping. The data will then help them make effective business decisions to curb the effects of rising fuel costs, increased regulation and more demanding customers who want their good delivered faster than ever before.
With the fleet industry turning to connected solutions, the global fleet management market will experience a 24% compound annual growth rate over the next five years. By 2019, it will have a value estimate of $35.35 billion. During this timeframe growth will shift to emerging markets. These markets will continue to experience significant growth across a number of industries, which will increase the need for transporting assets.
For example, China is expected to exhibit sales of more than 17 million commercial vehicles per year in the near future. Many of which will have pre-installed telematics technologies and devices that will provide the infrastructure for other fleet management services.
Today, however, a lot of this growth is happening in Europe. A continent where commercial vehicle fleets are an essential part of the economy, the European fleet management market has seen significant growth in recent years and will continue to do so in years to come. At the end of last year, the number of fleet management systems in active use numbered at 3.65 million. By 2018, this will rise to 7.10 million.
As a result of this growth, the number of fleet management connections will grow significantly, creating tremendous opportunity for operators and solution providers. As they take advantage of this growth, they will need to leverage a scalable device management platform that can efficiently manage a growing number of devices, reach endpoints in remote or restricted locations and support a variety of networks.

About Mformation (www.mformation.com)
Mformation Software Technologies LLC is the pioneer and leading global provider of mobility management solutions for wirelessly connected devices. Since 1999, Mformation’s solutions have been deployed by the largest mobile operators and managed service providers worldwide. Mformation’s platform has been tested and proven to be able to manage billions of wirelessly connected devices of all types. Mformation’s award-winning technology provides solutions for M2M device management, mobile service enablement, smart customer interaction, automatic device detection and configuration, for carriers, operators, MVNOs, system integrators, solution providers and device manufacturers. Contact us via our online form to hear more about our innovative solutions.

About The Author
katie@ironpaper.com