Geotab ranked number one Commercial Telematics vendor worldwide by ABI Research
Company edges out Verizon and Trimble in innovation and implementation
Geotab, a global leader in IoT and connected transportation, is pleased to announce it has been named the top commercial telematics provider worldwide by ABI Research. Providing strategic guidance on the most compelling transformative technologies, ABI, a market-foresight advisory firm, placed Geotab first in both innovation and implementation, with an overall score of 82.3.
Through its Competitive Assessment (CA), ABI conducted unbiased research, ranking commercial telematics providers in two key areas: innovation and implementation. The providers were analyzed based on a series of criteria including: open platforms, tech development, user interface and experience, market share, geographic coverage, vertical segments, partnerships, financial strength and solution options.
Receiving top recognition in both innovation and implementation, ABI Research identified Geotab's massive market share growth, extensive partnership model and Marketplace, open platform approach and focus on technological development as key contributors to the company's ranking.
"We are thrilled to be recognized as the global leader in telematics by ABI Research," said Geotab CEO Neil Cawse. "Considering our world-class competitors, it is truly an honor that demonstrates our commitment to providing fleets with the most advanced connected technologiesincluding for electric vehicles and our ability to contribute significantly to the transformation of the logistics industry."
ABI forecasts global commercial telematics system revenues to rise across trucking segments from US$13.3 billion in 2017 to over US$23 billion in 2022. According to ABI Research principal analyst, Susan Beardslee, the commercial telematics industry will continue to transform rapidly, addressing a marketplace transition from rising OEM factory installs to evolving technologies such as prognostics, video and blockchain. Recognizing Geotab's significant 44% growth of its subscriber base in 2018, ABI predicts that global telematics subscriptions are slated to top 45 million by the end of 2019.
Currently equipping more than 1.7 million vehicles with its telematics technology, Geotab provides data-driven insights to over 40,000 customers worldwide and enables users to customize their solution through a suite of over 150 hardware add-ons, software add-ins and applications available on the Geotab Marketplace. With active devices present in more than 119 countries, Geotab's solutions are sold through its global network of Authorized Geotab Resellers.
"Geotab's reputation and leadership continues to be reflected not only with this recognition from ABI, but in the caliber of recent contracts it has been awarded from both the GSA and the State of California," added Cawse. "It is through our dedicated staff and the commitment of our strong network of partners that Geotab continues to strengthen its presence around the globe and experience unprecedented success year over year."