Excerpts from report:

Juniper Research has estimated that revenues from wireless tracking services in Western Europe, are expected to to reach nearly 3.3 billion euros by 2012

The report predicts that wireless connected vehicle tracking solutions will be regularly tracking over 15 million vehicles in Western Europe by 2012 and generating annual revenues approaching €2.8 billion as a wide range of businesses adopt tracking solutions to monitor, schedule and route their vehicle fleets more effectively.

By 2012, Juniper Research estimates that there will be more phones being tracked on a regular basis in Western Europe than vehicles, with nearly 21 million phones being tracked. However the frequency of tracking will be far lower than in the vehicle sector, with many implementations only reporting when the subject strays from a geofenced area. This means that annual service revenues generated will be much lower than in the active vehicle tracking sector at just under €500 million by 2012.

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