The GPS Tracking Industry
It is estimated that the revenue from the U.S. telematics industry was at $771 million in 2001. This is estimated it to grow to $15 to $20 billion by 2010.
It is fair to compare the state of the current M2M and Telematics industry now, to the state that the PC industry was in back in 1980". These projections show a multi-billion dollar potential within the next five years.
What is Telematics?
in short, the term "Telematics" refers to the "utilization of telecommunications systems to transport data wirelessly between remote systems and computers". for example, Automotive Telematics allow computers to communicate with vehicles through a wireless network.
What are Location-Based Services?
Location-based services have emerged as one of the most popular wireless services for businesses. They are currently in use by companies of all sizes. From tracking cattle, to military jets, location-based services are in use throughout a wide range of industries. By giving people the ability to view the current and past activities of employees, vehicles, and equipment, location based services are saving companies millions of dollars annually.