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Verizon Connect report highlights fleet tech adoption, ROI gains, and safety improvements

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Verizon Connect has released its fifth annual Fleet Technology Trends Report, surveying 543 fleet management professionals. The report shows that over 80% of fleets use at least one form of fleet technology, with GPS fleet tracking adoption at 69%. Key findings reveal significant improvements in cost savings, with fuel savings doubling from 8% to 16% between 2021-2025, and accident cost savings increasing from 11% to 22%. 47% of users achieved positive ROI from GPS tracking within a year. The report also highlights increased adoption of in-cab video solutions, with 68% of users rating them highly beneficial. Additionally, 28% of respondents use GPS tracking to identify suitable EV applications, while 77% cite rising costs as their top challenge.

Verizon Connect ha pubblicato il suo quinto rapporto annuale sulle tendenze tecnologiche nella gestione delle flotte, intervistando 543 professionisti del settore. Il rapporto mostra che oltre l'80% delle flotte utilizza almeno una forma di tecnologia per la gestione della flotta, con un'adozione del tracciamento GPS per le flotte al 69%. I risultati principali rivelano significativi miglioramenti nei risparmi, con un raddoppio dei risparmi sui carburanti, passando dall'8% al 16% tra il 2021 e il 2025, e un aumento dei risparmi sui costi degli incidenti dall'11% al 22%. Il 47% degli utenti ha ottenuto un ROI positivo dal tracciamento GPS entro un anno. Il rapporto evidenzia anche l'aumento dell'adozione di soluzioni video in cabina, con il 68% degli utenti che le giudica molto utili. Inoltre, il 28% dei rispondenti utilizza il tracciamento GPS per identificare applicazioni adatte ai veicoli elettrici, mentre il 77% cita l'aumento dei costi come la principale sfida.

Verizon Connect ha lanzado su quinto informe anual sobre tendencias tecnológicas en la gestión de flotas, encuestando a 543 profesionales del sector. El informe muestra que más del 80% de las flotas utilizan al menos una forma de tecnología de flota, con una adopción de rastreo de flotas por GPS del 69%. Los hallazgos clave revelan mejoras significativas en el ahorro de costos, con los ahorros de combustible duplicándose del 8% al 16% entre 2021 y 2025, y los ahorros de costos por accidentes aumentando del 11% al 22%. El 47% de los usuarios logró un ROI positivo del rastreo GPS en un año. El informe también destaca la creciente adopción de soluciones de video en la cabina, con el 68% de los usuarios calificándolas como muy beneficiosas. Además, el 28% de los encuestados utiliza el rastreo GPS para identificar aplicaciones adecuadas para vehículos eléctricos, mientras que el 77% menciona el aumento de costos como su principal desafío.

버라이즌 커넥트는 543명의 차량 관리 전문가를 대상으로 한 다섯 번째 연례 차량 기술 동향 보고서를 발표했습니다. 보고서에 따르면 80% 이상의 차량이 최소한 하나의 차량 기술을 사용하고 있으며, GPS 차량 추적의 채택률은 69%입니다. 주요 결과는 비용 절감의 중요한 개선을 보여주며, 연료 절감률이 2021-2025년 사이에 8%에서 16%로 두 배로 증가하고, 사고 비용 절감률이 11%에서 22%로 증가했습니다. 사용자 중 47%가 1년 이내에 GPS 추적으로 긍정적인 ROI를 달성했습니다. 보고서는 또한 68%의 사용자가 매우 유용하다고 평가한 차량 내 비디오 솔루션 채택의 증가를 강조합니다. 또한, 28%의 응답자가 GPS 추적을 사용하여 적합한 전기차 애플리케이션을 식별하고, 77%는 증가하는 비용을 주요 도전 과제로 언급했습니다.

Verizon Connect a publié son cinquième rapport annuel sur les tendances technologiques en matière de flotte, en interrogeant 543 professionnels de la gestion de flotte. Le rapport montre que plus de 80 % des flottes utilisent au moins une forme de technologie de flotte, avec une adoption du suivi de flotte par GPS atteignant 69 %. Les résultats clés révèlent des améliorations significatives en matière d'économies, avec des économies de carburant doublant de 8 % à 16 % entre 2021 et 2025, et des économies sur les coûts d'accidents passant de 11 % à 22 %. 47 % des utilisateurs ont obtenu un retour sur investissement positif grâce au suivi GPS en moins d'un an. Le rapport met également en avant l'adoption croissante des solutions vidéo en cabine, 68 % des utilisateurs les jugeant très bénéfiques. De plus, 28 % des répondants utilisent le suivi GPS pour identifier des applications adaptées aux véhicules électriques, tandis que 77 % citent l'augmentation des coûts comme leur principal défi.

Verizon Connect hat seinen fünften jährlichen Bericht über Trends in der Flotten-Technologie veröffentlicht, in dem 543 Fachleute des Flottenmanagements befragt wurden. Der Bericht zeigt, dass über 80% der Flotten mindestens eine Form von Flottentechnologie nutzen, wobei die Akzeptanz von GPS-Flottenverfolgung bei 69% liegt. Wichtige Ergebnisse zeigen erhebliche Verbesserungen bei den Kostenersparnissen, wobei die Kraftstoffersparnisse von 8% auf 16% zwischen 2021 und 2025 verdoppelt werden und die Kostenersparnisse durch Unfälle von 11% auf 22% steigen. 47% der Nutzer erzielten innerhalb eines Jahres eine positive Rendite aus der GPS-Verfolgung. Der Bericht hebt auch die gestiegene Akzeptanz von Video-Lösungen im Fahrerraum hervor, wobei 68% der Nutzer diese als äußerst nützlich bewerten. Darüber hinaus nutzen 28% der Befragten die GPS-Verfolgung, um geeignete Anwendungen für Elektrofahrzeuge zu identifizieren, während 77% steigende Kosten als größte Herausforderung anführen.

Positive
  • Fuel savings doubled from 8% to 16% between 2021-2025
  • Accident cost savings increased from 11% to 22%
  • 47% of users achieved positive ROI from GPS fleet tracking in less than a year
  • 7% increase in users reporting positive ROI for asset tracking and field service solutions
  • 69% adoption rate of GPS fleet tracking across industries
Negative
  • 77% of respondents cite rising costs as their top challenge
  • Increased regulatory concerns at highest level since 2021 (43%)
  • Competitive pressure concerns at highest level since 2021 (33%)

Insights

This fleet technology trends report reveals significant operational improvements across Verizon Connect's customer base. The doubling of fuel savings from 8% to 16% and increased accident cost savings from 11% to 22% demonstrate strong value proposition. With 47% of users achieving ROI within a year, the technology's market penetration continues to grow steadily.

The 80% adoption rate and high satisfaction levels suggest a mature, proven solution. The expansion into EV management capabilities positions Verizon strategically in the growing electric fleet market. However, the revenue impact remains modest relative to Verizon's $134 billion total revenue, making this more of an incremental growth driver than a transformative business segment.

The evolution of Verizon Connect's fleet management platform shows strategic alignment with industry needs. The integration of GPS tracking, predictive analytics and in-cab video solutions creates a comprehensive ecosystem for fleet optimization. The 69% adoption rate of GPS tracking with 72% satisfaction indicates strong product-market fit.

The platform's expansion into EV management demonstrates forward-thinking development, addressing important needs in fleet electrification. The ability to optimize routes, monitor battery status and improve efficiency positions Verizon competitively in the growing sustainable fleet management market. This technological advancement strengthens Verizon's enterprise solutions portfolio.

What you need to know:

  • For five consecutive years, at least four out of five respondents have reported using at least one form of fleet technology.
  • Fleet technology is making significant strides in reducing costs, enhancing operational efficiency, and improving safety.
  • Fleet management software is evolving to meet emerging challenges, including sustainability and electrification.

NEW YORK, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Verizon Connect today released its fifth annual Fleet Technology Trends Report, conducted in partnership with Bobit Business Media, and based on responses from 543 fleet management professionals. The report highlights how fleet management technology continues to serve as a dependable asset for boosting performance across small, medium, and enterprise fleets.

The findings reveal a steady increase in the use of GPS fleet tracking, in-cab video solutions, and predictive analytics, driven by rising costs, evolving regulations, and competitive pressures. With consistent growth in adoption rates and proven return on investment (ROI), these technologies are empowering fleets across industries to enhance efficiency, improve safety, and navigate sustainability challenges.

Key U.S. findings include:

  • Widespread adoption of fleet technology. For the fifth consecutive year, the Fleet Technology Trends Report shows strong adoption of fleet technology, with over 80% of respondents consistently utilizing at least one form of technology. GPS fleet tracking is a standout, with 69% of fleets across industries reporting its use. A substantial 72% of these users find it extremely or very beneficial, with a majority citing improved efficiency (62%) and a reduction in harsh driving/speeding events (49%).

  • Cost reduction and rapid ROI. The findings underscore that between 2021 and 2025, average fuel savings doubled (8% to 16%), while accident cost savings increased from 11% to 22%. Nearly half of respondents (47%) achieved a positive ROI from GPS fleet tracking in less than a year, demonstrating the technology’s growing value. Notably, both asset tracking and field service/workforce management solutions saw a 7% increase in users reporting a positive ROI within a year.

  • Technology enhances safety and efficiency. A renewed focus on safety is clear, with 57% of respondents citing improved driver safety as a key benefit of GPS fleet tracking. Additionally, in-cab video solutions are proving instrumental, with 68% of users rating them as extremely or very beneficial. Not only do these technologies help reduce distracted driving incidents and improve coaching sessions, but they are also linked to substantial reductions in accident and insurance costs.

  • Embracing EVs and sustainability goals. This year’s report introduces new insights into EV integration. Among U.S. respondents, 28% reported that GPS fleet tracking helps identify suitable applications and routes for EV utilization. Fleets operating EVs are using GPS tracking to improve vehicle visibility (35%), improve efficiency and management of daily operations (35%), reduce maintenance costs (30%), and increase battery status visibility (19%). Encouragingly, 35% have already seen sustainability improvements through fleet technology, underscoring the progress being made in meeting environmental targets.

  • Navigating the industry challenges. The survey reveals persistent cost challenges, with 77% of respondents naming rising costs as their top issue for the fifth consecutive year. Notably, concerns over increased regulation (43%) and competitive pressure (33%) are the highest levels since the survey began in 2021.

“As fleet management continues to evolve, it's clear that technology is more than just an investment, it's a critical driver of efficiency, safety, and sustainability," said Peter Mitchell, General Manager, Verizon Connect. "The findings from this year's Fleet Technology Trends Report highlight a strong commitment across industries to embracing fleet technology, with GPS tracking and in-cab video solutions consistently delivering measurable results. As fleets face rising costs and increased regulatory pressures, these technologies are proving to be indispensable in helping organizations optimize their operations, reduce expenses, and navigate the path toward a more sustainable future.”

To see the complete survey findings, visit the 2025 Fleet Technology Trends Report page. To access the EMEA and APAC Fleet Technology Trends Reports in the local region and language, please see the country-specific options:

Verizon Communications Inc. (NYSE, Nasdaq: VZ) powers and empowers how its millions of customers live, work and play, delivering on their demand for mobility, reliable network connectivity and security. Headquartered in New York City, serving countries worldwide and nearly all of the Fortune 500, Verizon generated revenues of $134.0 billion in 2023. Verizon’s world-class team never stops innovating to meet customers where they are today and equip them for the needs of tomorrow. For more, visit verizon.com or find a retail location at verizon.com/stores.

VERIZON’S ONLINE MEDIA CENTER: News releases, stories, media contacts and other resources are available at verizon.com/news. News releases are also available through an RSS feed. To subscribe, visit www.verizon.com/about/rss-feeds/.

Media contact:
Tessa Giammona
tessa.giammona@verizon.com


FAQ

What are the key findings of Verizon's (VZ) 2025 Fleet Technology Trends Report?

The report shows over 80% fleet technology adoption, doubled fuel savings (16%), increased accident cost savings (22%), and 47% of users achieving positive ROI within a year from GPS tracking.

How much did Verizon (VZ) fleet customers save on fuel costs according to the 2025 report?

According to the report, fleet customers' fuel savings doubled from 8% to 16% between 2021 and 2025.

What percentage of Verizon (VZ) fleet customers use GPS tracking in 2025?

69% of fleets across industries report using GPS fleet tracking technology.

How many fleet managers achieved ROI within a year using Verizon (VZ) GPS tracking?

47% of fleet managers achieved a positive ROI from GPS fleet tracking in less than a year.

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