Fuelled by the potential growth of telematics in Asia, Cartrack is planning to set up a Research, Development (R&D) and Innovation centre in Singapore.
According to the fleet management solutions, insurance telematics and vehicle tracking and recovery provider, Asia holds significant opportunities due to the growing number of vehicles and the developing telematics market.
Organisations are also increasingly looking to optimise their fleet and workforce, evident from the fact that more than half of Cartrack's business now comes from fleet management.
Cartrack thus hopes to meet this demand by strengthening its telematics solutions through its future R&D and Innovation centre, said Evert Ong, CEO of Cartrack Singapore.
Cartrack currently has offices in Singapore, Malaysia, Indonesia, Thailand, Philippines and Hong Kong.
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