Geotab, a global leader in IoT and connected transportation, announced that it has surpassed 3 million subscribers across the globe. Geotab defines a “subscriber” as a single vehicle equipped with one or more telematic devices connected to Geotab’s platform.
“In January 2020, we announced that Geotab had achieved its goal of becoming the first telematics company to achieve 2 million connected vehicles built on a single, open platform,” said Geotab CEO Neil Cawse.
“Two years later, despite the disruption of a global pandemic, we have reached another significant milestone by adding a further 1 million net new subscriptions. This exceptional growth speaks to the talent of our employees and partners, an always-on innovation mindset, and to a relentless focus on working with our customers over many years to solve their evolving transportation challenges.”
Geotab claims one of the largest data science teams in the industry, with devices installed in 163 countries. The company processes approximately 55 billion data points a day and has advanced support for more than 9,000 internal combustion engine makes and models and more than 250 electric vehicle makes and models. According to Geotab, that’s twice the number of any other fleet telematics company, with additional models being added daily.
Geotab also offers an OEM telematics platform with industry integration partners and is expanding its list of offerings.
“With our world-class talent and continuous commitment to research and development, the opportunity — and responsibility — that Geotab has to help businesses and governments across the world leverage intelligent data insights to optimize their investments, and create safer, more sustainable, and efficient communities is tremendous, and where we will continue to focus our efforts as we scale,” added Cawse.
The global commercial telematics market is expected to mature from the U.S. $34.79 billion in 2020 to U.S. $158.31 billion by 2028.