Telematics has witnessed unprecedented growth in recent years, with the global vehicle telematics market projected to reach a staggering USD 280.78 billion by 2030, up from USD 72.85 billion in 2022.
Telematics itself has long been ubiquitous with fleet management applications in transportation and logistics, and is increasingly deployed for far more than standard GPS tracking, fuel consumption reports, or driver behaviour monitoring. From improving fleet efficiency, to driver and vehicle safety and security, enabling micro-mobility to take off at scale, or enabling sustainability goals, telematics and IoT applications have experienced a sustained rise across several key sectors: logistics and shipping, construction and heavy equipment industry, vehicle rental and leasing, cold-chain transportation, or security.
Over two decades of commitment to GPS tracking, fleet management, and IoT applications, have propelled Gurtam as a key player in this market, with over 300,000 telematics and IoT projects delivered globally. Wialon, their flagship platform, has built a network of over 2,500 channel partners spanning 150 countries, monitoring and tracking more than 3.8 million vehicles and equipment.
Telematics Vilnius 2023
This month, Wialon hosted its annual flagship Telematics and IoT Global Conference, spotlighting significant trends in the fleet management industry and bringing together some 200 IoT experts and channel partners from 50 countries. Between the 6-8th December, AI innovation, the transition to EVs and net-zero, and breakthrough telematics use cases took centre stage in Vilnius, a booming tech hub and Wialon’s headquarters.
Aliaksandr Kuushynau, Head of Wialon, believes it is the transformative power of the Wialon community that will shape the telematics and fleet management landscape going forward.
Kuushynau underlined the challenge many businesses face as they have to navigate and make sense of telematics data that’s scattered across systems, inhibiting holistic insights for fleet owners. Moreover, discussions centered on the rise of electric vehicles, shared mobility, and the imminent integration of autonomous vehicles.
Kuushynau says: “As we stand on the threshold of the future, it is crucial to recognize the shifting landscape of fleets, as the future of mobility is Connected, Autonomous, Shared, and Electric. Telematics service providers play a pivotal role in ensuring the success of fleet operations, as fleet managers and business leaders face challenges revolving around three main pillars: safety, compliance, and cost-efficiency.”
The Wialon community stands as a robust collective connecting telematics and fleet management service providers, over 700 GPS and sensor hardware manufacturers, connectivity providers, and numerous software developers worldwide.
Driving towards a future of connected fleets
In 2023, Wialon delivered on ambitious growth plans across the world, with significant increases in South America and Africa by 30% in connected vehicles, complemented by growth in Europe (+12%), North America (+20%), MENA (+10%), and steady expansion in Central Asia and APAC at rates of +5%.
Moving forward to 2024, the Wialon partner community remains pivotal in propelling the industry forward, and Wialon has already achieved 3.8 million connected vehicles this year and setting sights on surpassing 4 million in 2024. This milestone firmly places Wialon among the top global platforms for telematics, IoT, and fleet management, commanding a market share of approximately 4%.
Commenting from the Telematics Vilnius 2023 conference, Aliaksei Shchurko, CEO of Gurtam, added: “Alongside our partners, together, we have created a vibrant telematics ecosystem that continues to thrive year-on-year. We have seen remarkable growth this year, with Wialon for instance increasing the number of connected vehicles worldwide by more than 10%. Looking towards the future, we are expecting to see even further growth in specialized and vehicle focused telematics, particularly when it comes to developments in AI.
The rise of AI will change everything, and businesses will have to adapt to maximise the opportunities to source information faster, make decisions quicker and drive further efficiencies in how they work. Crucially though, the success of its application to the telematics sector relies on the industry putting more knowledge back into AI models, to supercharge its utility. From classification and automated pattern extraction, to generating predictions on anticipated vehicle requirements and maintenance, or fine-tuning the ability to distinguish and classify harsh driving from green driving, AI promises to simplify tedious processes and transform employee and platform experience.”
For telematics companies looking at the impressive predicted market figures, success transcends basic GPS tracking services. The focus extends to optimizing operations across diverse sectors, catering to varied verticals’ distinct requirements.
The value of being part of the Wialon community lies in collaboration. Kuushynau firmly believes that the success of Wialon is intricately linked with its technology and channel partners, underscoring the need for collective efforts in adopting and integrating new technologies and features.
“True power lies in collaboration. Our success is intertwined with our technology and channel partners and our network of service providers, integrators, and value-added resellers. As we introduce new technologies and features, it is our partners’ adoption and integration that propels us forward,” Kuushynau concludes.