A recent industry report estimated by 2010 there will be 17 million subscribers utilizing real-time GPS monitoring applications.

Screenshot of real-time GPS tracking in satellite view. See all screenshots

By: Brandon Silvers

The GPS Monitoring Industry has experienced remarkable expansion while the general economy has continued to plunge. Recent studies conducted of the GPS Monitoring industry found only 7% of the 18 million businesses across the nation are equipped with GPS monitoring.

One industry which has been thriving during our economic downturn has been the GPS Monitoring and Locating Industry, also known as Advanced Vehicle Locating. A recent industry report estimated by 2010 there will be 17 million subscribers utilizing real-time GPS monitoring applications. This will result in more than $2.5 billion in revenue. As of now there are only an estimated 125,000 businesses utilizing GPS Monitoring Solutions.

GPS Monitoring has been widely accepted by businesses across the nation due to the impressive return on investment claims. Business owners have easily adopted the technology as its initial costs have decreased to as little as $0.40 per day for real-time GPS monitoring. On average, businesses using GPS reduce fuel consumption by 15%, improve productivity by 20%, and reduce insurance premiums by 15%. GPS Fleet equipment purchases may also qualify your business for a Section 179 tax deduction which allows dealers to deduct the full amount of equipment purchases (up to $250,000.00) from the company’s taxable income.

To establish and launch a successful GPS Monitoring company requires extensive software development, hardware integration, and a significant amount of startup capital ($500K – 3M). When asked about the explosive growth in the GPS Monitoring industry Steven Muntean, CEO of BlackBox GPS, stated “The industry is experiencing tremendous growth primarily due to the manufacturer’s ability to establish vertical distribution channels while offering affordable GPS monitoring capabilities to many small to midsize businesses ensuring an impressive ROI.” The average cost for a GPS Monitoring Device is around $350 and has a monthly service fee starting around $12.50 per month.

Authorized Dealer Programs for GPS Monitoring typically offer low start-up investment, high residual income, protected territory, and sales support. With over 90% of the potential market untapped these programs have helped entrepreneurs across the globe launch successful and long lasting businesses. Vern Ruffi, President of Cell Pro, comments “GPS Monitoring has provided my company the ability to create reoccurring revenue streams while opening a new market opportunities with my current customers.” To help summarize, subscriber growth is steadily climbing 25% each year and with market penetration remaining at 10%-15% the GPS Monitoring industry will continue to experience impressive growth. For a recession proof business a GPS Authorized Dealer Program would be a sound choice.

Information obtained by C.J. Driscoll Associates, Department of Agriculture, and BlackBox GPS.

GPS Tracking services for RTO start at only $12.50/month/vehicle. Self-install GPS locators unit start at $250 ea. For more information and a free online demo contact: Steven Muntean or Norman Beasley at BlackBox GPS: 954.332.2313.