Business needs and personal security concerns will generate $4.85 billion in spending on the technology by 2012, according to a Juniper Research report. The business sector will be the main area where it will take off, but there also is potential in the consumer sector for child- and pet-tracking systems, which are gradually gaining acceptance.
Juniper Research analyst and report author Bruce Gibson said this kind of technology has been used by transportation and distribution companies for a number of years and will soon extend to other industries. The systems already available from mobile service providers use mobile ID location and GPS. Vehicle tracking is expected by Juniper Research to generate $4.11 billion in revenue by 2012, with around 15 million vehicles being tracked by businesses wanting to monitor and route their vehicles more efficiently.
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