Cloud platform provider iGen Networks says it is expanding services into the M2M market and will develop solutions “that provide a compelling return on investment for managing small commercial fleets and protecting mobile assets”.
iGen (Alexandria, VA, USA) plans to leverage its cloud-based infrastructure to ramp up its M2M activities, noting that with recent developments in hardware and cloud delivery technologies M2M solutions for fleets have become a lot more sophisticated.
It claims solutions that were previously available only to big fleet corporations can now be used by small fleets, which represent about 70% of the 13 million commercial trucking fleets in the US market and an even greater percentage of the six million commercial trucking fleets in Latin America.
The opportunity also looks considerable – just 2.8 million of the 26 million commercial light vehicles in the US currently use M2M services, according to iGen.
In Latin America, meanwhile, just 1.3 million of the 16 million commercial light vehicles are thought to have adopted M2M technology.
Analyst, however, estimate the number of fleet management solutions for small fleets will double over the next three years.
“Through the innovative iGen Cloud Platform, we will be developing and offering solutions that can help make great impact in the M2M space,” said Neil Chan, iGen’s chief executive. “From tracking vehicles for faster and more efficient fleet management, to vehicle location and auto-recovery of stolen vehicles, M2M solutions through iGen will minimize costs and improve productivity.”
According to Infonetics Research, overall M2M connections will nearly triple in number by 2017, from a current level of 190 million, and become the largest growth engine for telecoms operators’ revenues.