USA: Telematics to Become $8 Billion Industry By 2005, According to New Study From Allied Business Intelligence
The telematics industry stands poised for tremendous growth and will be one of the most lucrative segments of the intelligent transportations systems (ITS) industry, according to a new study from Allied Business Intelligence (ABI). The global in-vehicle information system (IVIS) market for personal vehicles will rise from a $1 billion market in 2000 to over $8 billion by 2005, according to the findings of "Intelligent Transportation Systems: A Strategic Analysis of Global In-Vehicle Information, Navigation, Communications and Roadside Technologies." The recurring annual revenue for IVIS services alone will account for over $3 billion of that 2005 total.
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