Truck telematics market is going through a period of intense evolution as the freight industry leaves behind traditional brokering practices to adopt digital and automated platforms. The market is shifting toward a truck-as-a-service business model, finds a Frost & Sullivan report, Global Connected Truck Telematics Outlook, 2017, part of Frost & Sullivan’s Automotive & Transportation.
“Digital freight matching solutions will bring about visibility in a disparate landscape, give rise to a truck-as-a-service business model, and drive numerous partnerships,” Frost & Sullivan says.
“It is vital to be aware of key market developments, prime movers, and the opportunities available to connected truck vendors in the original equipment and aftermarket. Several maintenance management, compliance and safety solution providers have successfully ventured into core telematics to create a niche.
“Fleet management system providers will gradually evolve into one-stop solution providers of freight matching, video safety, tolling, fuel management, weigh-station bypass, and truck-stop solutions through alliances with digital solution vendors.
“While on-demand freight matching apps will disrupt the freight industry, apps with smaller revenue potential will offer efficiency, convenience and visibility to all industry stakeholders,” says Gokulnath Raghavan research analyst, Frost & Sullivan mobility.
“Freight mobility apps are adding driver utility and fleet optimisation features to increase traffic to freight-matching platforms. Consolidation and partnerships are expected to become common among app providers.”
Posted on February 27, 2017
by Edwin Kalischnig