Analysis: ORBCOMM buyout – short odds on a bidding war?
A detour wouldn’t come cheap for either but the appeal is there.
Spending on connected logistics solutions is expected to almost treble over the next four years, to $20bn, as companies seek to exploit the digital revolution. BI Intelligence expects this increased investment to result in an explosion of vehicles using connected fleet management systems. By 2020, the firm estimates that more than 180m commercial vehicles, or 90% of the total market across North America, will employ these systems as shippers, forwarders and hauliers seek to harness the increasing power of asset tracking technology.