The vehicle tracking sector is increasing exponentially as everywhere customers, companies and law enforcement agencies turn to GPS monitoring technology for multiple applications from live vehicle tracking, fleet management, fuel management, asset management, enhancing worker productivity and personal safety.
Over the next three years, the telematics sector is estimated to grow by over 250 percent as demand for GPS tracking and surveillance technology will lead to a new wave of change for the sector. The GPS tracking sector is booming as fleet owners are looking for a new technique to monitor drivers with a mouse click away, customers are looking for a cost-effective manner to safeguard private property, companies are exploring ways to cut fuel expenses and law enforcement agencies are pursuing accessible techniques of investigating criminals in an age of cutbacks. The sector has demonstrated its power and momentum since the demand for monitoring devices has only increased during a serious recession.