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Home Editor's Pick The installed base of fleet management systems in the Americas to reach 34 million units by 2026
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The installed base of fleet management systems in the Americas to reach 34 million units by 2026

by November 29, 2022
by November 29, 2022 0 comment
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According to a new report from the leading IoT market research provider Berg Insight, the number of active fleet management systems deployed in commercial vehicle fleets in North America was 13.7 million in Q4-2021.

Growing at a compound annual growth rate (CAGR) of 13.7 percent, this number is expected to reach 26.0 million by 2026. In Latin America, the number of active fleet management systems is expected to grow at a CAGR of 12.6 percent from 4.7 million in Q4-2021 to reach 8.5 million in 2026.

There are now more than 30 players with installed bases of at least 100,000 active fleet management units in the Americas. At the end of 2021, the top-30 vendors together had 13 million vehicles under management in the region and the top-10 alone represented 50 percent of the total installed base in the Americas.

“Geotab and Verizon Connect are the leading fleet telematics providers in the Americas”, said Rickard Andersson, Principal Analyst, Berg Insight. The frontrunner Geotab has well over 2 million active fleet management subscribers in the region. “The remaining top-5 players are Trimble and Solera Fleet Solutions, both active in the industry for decades, as well as the relative newcomer Samsara”, continued Mr. Andersson. He adds that additional solution providers with more than half a million units include Motive (formerly KeepTruckin), Lytx and Zonar Systems (Continental). The remaining top-15 players include Gurtam, Fleet Complete, Michelin, CalAmp, Bridgestone, Teletrac Navman and Powerfleet.

“The world leading tire manufacturers Michelin and Bridgestone as well as Continental have all established strong positions in the fleet management space through acquisitions”, said Mr. Andersson.

Driven by growth strategies based on M&A activity and high-pace organic growth, Berg Insight anticipates a future scenario where the global fleet management market is dominated by a handful of providers with installed bases measured in the millions. The milestone of one million connected units has already been surpassed by over ten solution providers.

Mr. Andersson concluded:

“Four of the vendors have reached two million units and two players has even surpassed the three million mark.”

Download report brochure: Fleet Management in the Americas

The post The installed base of fleet management systems in the Americas to reach 34 million units by 2026 appeared first on IoT Business News.

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