Installed base of fleet management systems in the Americas to exceed 18m units by 2021, Berg predicts

According to a new report from M2M/IoT market research provider Berg Insight, the number of active fleet management systems deployed in commercial vehicle fleets in North America was 6.7 million in Q4-2016.

Growing at a compound annual growth rate (CAGR) of 15.0%, this number is expected to reach 13.5 million by 2021. In Latin America, the number of active fleet management systems is expected to increase from 2.5 million in Q4-2016, growing at a CAGR of 12.9% to reach 4.7 million in 2021.

The top-25 providers of fleet management systems in the Americas together have today a combined installed base of more than 6 million active units in the region. Notably, all of the top-15 players each had more than 100,000 active units in the Americas at the end of 2016. More than 40% of the total number of units deployed in the region is represented by the five largest fleet management vendors alone.

Verizon has as a result of an ambitious acquisition strategy captured the pole position in the fleet telematics space in terms of size. “The combination of Verizon’s Networkfleet, Telogis and Fleetmatics operations under the same ownership has clearly cemented the US-based carrier as the overall leader from a global perspective,” said Rickard Andersson, senior analyst, Berg Insight. In the Americas, Verizon is estimated to outnumber the closest competitors by a factor of three.

Rickard Andersson

The runners-up include Trimble, Geotab and Omnitracs which have all surpassed 500,000 active fleet management subscribers in the Americas as of the end of 2016. Zonar Systems is the fifth largest provider in the region, now majority-owned by Continental while Daimler Trucks North America has retained a minority stake.

“The OEM telematics initiatives in the Americas have intensified in recent years and most vehicle manufacturers now offer factory-installed fleet telematics solutions either independently or through partnerships with established aftermarket fleet management solution providers”, said Mr. Andersson. He adds that large installed bases of OEM telematics systems are now found especially on the North American market where partner-powered systems are particularly commonplace.

Telogis is for example working with vehicle manufacturers such as Ford, Hino, Volvo Trucks, Mack, GM, Isuzu and most recently Mitsubishi Fuso Truck of America. Notably, also manufacturers having developed OEM telematics systems in-house have in recent years started to collaborate with aftermarket partners, for example to offer tailored functionality for specific local markets.

“Berg Insight anticipates that the partner strategy will continue to grow in popularity among the commercial vehicle manufacturers at the expense of in-house telematics development efforts”, concluded Mr. Andersson.

Download report brochure: Fleet Management in the Americas

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

RECENT ARTICLES

Get a US$50 Amazon voucher for sharing your IoT brand knowledge

Posted on: March 28, 2024

We want to know what you know about the IoT space. Just 3 minutes could earn you a US$50 Amazon digital gift card!

Read more

Enhance EV charging performance with cellular connectivity

Posted on: March 28, 2024

Electric vehicles (EVs) are steadily growing their market share at the expense of internal combustion engine vehicles. The growth is fuelled by several factors. Perhaps most importantly, prices for EVs have started to drop as competition in the industry is intensifying. New players and models are emerging, prompting several established EV makers to lower their

Read more
FEATURED IoT STORIES

What is IoT? A Beginner’s Guide

Posted on: April 5, 2023

What is IoT? IoT, or the Internet of Things, refers to the connection of everyday objects, or “things,” to the internet, allowing them to collect, transmit, and share data. This interconnected network of devices transforms previously “dumb” objects, such as toasters or security cameras, into smart devices that can interact with each other and their

Read more

The IoT Adoption Boom – Everything You Need to Know

Posted on: September 28, 2022

In an age when we seem to go through technology boom after technology boom, it’s hard to imagine one sticking out. However, IoT adoption, or the Internet of Things adoption, is leading the charge to dominate the next decade’s discussion around business IT. Below, we’ll discuss the current boom, what’s driving it, where it’s going,

Read more

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, home automation using iot 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

5 challenges still facing the Internet of Things

Posted on: June 3, 2020

The Internet of Things (IoT) has quickly become a huge part of how people live, communicate and do business. All around the world, web-enabled devices are turning our world into a more switched-on place to live.

Read more