Installed base of fleet management systems in Europe will reach 10.6m by 2020, says Berg Insight

The number of active fleet management systems deployed in commercial vehicle fleets in Europe was 5.3 million in Q4-2015, according to a new research report from the M2M/IoT analyst firm Berg Insight.

Growing at a compound annual growth rate (CAGR) of 14.9%, this number is expected to reach 10.6 million by 2020. All the top-10 vendors have today more than 100,000 active units in Europe. TomTom’s subscriber base has grown both organically and by acquisitions during the past years and the company has now reached the position as the largest provider of fleet management solutions on the European market and reached an installed base of about 529,000 units at year-end 2015.

Masternaut is still in second place and had achieved an installed base of an estimated 350,000 units at the year-end. Berg Insight ranks Microlise as the third largest player in terms of active installed base with around 175,000 units. Trakm8, ABAX, Teletrac Nav man, Transics, Trimble and OCEAN (Orange) also have more than 100,000 active devices in the field.

The HCV manufacturers are now growing their subscriber bases considerably in Europe thanks to standard line fitment of fleet management solutions. Dynafleet by Volvo, FleetBoard by Daimler and Scania Fleet Management are the most successful with active subscriber bases of 81,000 units, 86,000 units and 133,000 units respectively as of Q4-2015.

The consolidation trend on this market continued in 2016. “Nine major mergers and acquisitions have taken place in the past three quarters among the vendors of fleet management systems in Europe”, said Johan Fagerberg, senior analyst, Berg Insight.

Johan Fagerberg, senior analyst, Berg Insight
Johan Fagerberg, senior analyst, Berg Insight

TomTom acquired Finder in Poland in December 2015, which added another 60,000 vehicles to its installed base. IT mobile operating from the Netherlands was acquired by Canadian Fleet Complete in December 2015. Viasat entered the Polish market when CMA Monitoring was acquired in April 2016 adding 18,000 vehicle subscriptions and later in July the company also picked up EMIXIS that is headquartered in Belgium adding another 23,000 subscriptions.

The investment firm Sofindev acquired a majority stake in GeoDynamics in April. GS Group has acquired three companies in the past years and the most recent one was PPCT in Finland in May. Later in June, it was announced that Verizon had signed an agreement to acquire Telogis. The latest transaction was done in August when Verizon acquired also Fleetmatics for a price tag of US$ 2.4 billion to become the largest fleet management solution vendor worldwide.

The two recent deals mean that Verizon’s telematics unit will have more than 1.6 million vehicles under management. Mr. Fagerberg anticipated that the market consolidation of the still overcrowded industry will continue in 2016–2017.

Berg Insight is a dedicated M2M/IoT market research firm based in Sweden. We have been specialising in all major M2M/IoT verticals such as fleet management, car telematics, smart metering, smart homes, mHealth and industrial M2M since 2004.

Click here to download the report brochure: Fleet Management in Europe

Comment on this article below or via Twitter: @IoTNow_ OR @jcIoTnow

FEATURED IoT STORIES

9 IoT applications that will change everything

Posted on: September 1, 2021

Whether you are a future-minded CEO, tech-driven CEO or IT leader, you’ve come across the term IoT before. It’s often used alongside superlatives regarding how it will revolutionize the way you work, play, and live. But is it just another buzzword, or is it the as-promised technological holy grail? The truth is that Internet of

Read more

Which IoT Platform 2021? IoT Now Enterprise Buyers’ Guide

Posted on: August 30, 2021

There are several different parts in a complete IoT solution, all of which must work together to get the result needed, write IoT Now Enterprise Buyers’ Guide – Which IoT Platform 2021? authors Robin Duke-Woolley, the CEO and Bill Ingle, a senior analyst, at Beecham Research. Figure 1 shows these parts and, although not all

Read more

CAT-M1 vs NB-IoT – examining the real differences

Posted on: June 21, 2021

As industry players look to provide the next generation of IoT connectivity, two different standards have emerged under release 13 of 3GPP – CAT-M1 and NB-IoT.

Read more

IoT and home automation: What does the future hold?

Posted on: June 10, 2020

Once a dream, iot home automation is slowly but steadily becoming a part of daily lives around the world. In fact, it is believed that the global market for smart home automation will reach $40 billion by 2020.

Read more
RECENT ARTICLES

OCF celebrates pulse systems’ installation of newly certified IoT platform for smart lighting

Posted on: December 6, 2021

The Open Connectivity Foundation (OCF) has announced the first installation of the recently-certified low power IoT platform, from OCF member Cascoda, that combines the end-to-end security benefits of OCF and the low power, wide-area coverage advantages of Thread.

Read more

Green Custard Ltd develop robust predictive maintenance system for Martin Engineering Ltd

Posted on: December 6, 2021

Green Custard Ltd, a professional services company and AWS Advanced Consulting partner, together with Eseye Ltd (also an AWS partner) has been selected by Martin Engineering Ltd to build a global predictive maintenance and monitoring platform on AWS so their localised US platform can be rolled out internationally.

Read more