Geotab, which increased its market share by about 40% since 2020, has more than 3 million commercial fleet subscribers.
Verizon Connect has been ranked No. 1 in innovation for fleet management systems globally, according to the Commercial Telematics Vendors Competitive Ranking report from analyst firm ABI Research.
Geotab was named the No. 1 commercial telematics provider worldwide by ABI Research for the second year in a row.
The top global telematics service providers have been ranked by ABI Research using 12 criteria.
ABI Research has ranked Verizon as the leader among 12 strategic commercial telematics suppliers in its latest competitive analysis. Trimble and TomTom Telematics receive second and third place, respectively, Verizon announced.
Compared to other regions, telematics in Latin America has historically been more focused on risk management.
ABI Research has named Fleetmatics Group as the fleet management technology market leader in terms of vehicle market share, according to the company.
Telematics technologies and services, which were first adopted by the long-haul trucking industry, should reach 50 million vehicles in the coming five years, ABI Research predicts.
This increasing demand for DMS reflects a broader acceptance of the safety benefits of advanced driver assistance systems.
Global fleet management system revenues are expected to grow from $9.08 Billion in 2013 to $27.61 Billion in 2018., according to ABI Research.
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