Fleet Management in the Americas Market 2016 - Installed base of FM systems in the Americas will exceed 16 million units by 2020 - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the " Fleet Management in the Americas - 6th Edition " report to their offering.

The installed base of FM systems in the Americas will exceed 16 million units by 2020

According to a new research report from the M2M/IoT analysts, the number of active fleet management systems deployed in commercial vehicle fleets in North America was 5.8 million in Q4-2015. Growing at a compound annual growth rate (CAGR) of 17.0 percent, this number is expected to reach 12.7 million by 2020. In Latin America, the number of active fleet management systems is expected to increase from 2.3 million in Q4-2015, growing at a CAGR of 12.8 percent to reach 4.1 million in 2020.

The top-15 providers of fleet management systems in the Americas now have a combined installed base of more than 4 million active units in the region and the top-5 players alone account for 2.5 million units. Leading solution providers including Fleetmatics, Omnitracs, Telogis, Trimble and Geotab now all have more than 400,000 active units on this market. The fast-growing fleet management industry has for several years been in a phase of strong consolidation which shows no signs of slowing down in the near-term. Leading providers on a global basis have now surpassed half a million fleet management subscribers by far and are continuing to grow at a high pace driven by organic growth in combination with selective M&As, said Rickard Andersson, Senior Analyst, Berg Insight.

Notable transactions in 2015 include the merger of Teletrac and Navman Wireless to create a global telematics organisation as well as the combination of BSM Technologies and Webtech Wireless on the North American market. Fleetmatics moreover continued its international expansion, acquiring Ornicar in France and Visirun in Italy during the year. The first half of 2016 has also seen its fair share of high-profile deals.

Most notably, Verizon Communications announced in June that it had signed an agreement to purchase Telogis, thus considerably extending its existing presence in the fleet management sector which also includes the Verizon Networkfleet business stemming from the acquisition of Hughes Telematics in 2012. The acquisition of Telogis propels Verizon to a leading position from a global perspective in terms of fleet management subscriber base, said Mr. Andersson. He adds that the author anticipates that at least one of the solution providers will have reached the milestone of 1 million fleet management units globally by 2018.

Key Topics Covered:

Executive summary

1 Commercial vehicle fleets in the Americas

2 Fleet management solutions

3 Market forecasts and trends

4 OEM products and strategies

5 International aftermarket solution providers

6 Regional aftermarket solution providers

Companies Mentioned - Partial List

  • Autotrac
  • Azuga
  • Coretex
  • Ctrack
  • CyntrX
  • Daimler Group
  • FleTrack
  • Ford
  • General Motors
  • Geotab
  • Global Track
  • GreenRoad
  • Grupo UDA
  • Grupo Ultra (ULTRACK)
  • Gurtam
  • Iveco
  • Microlise
  • MobileFleet
  • Navistar
  • NexTraq (FleetCor)
  • OMNILINK
  • ORBCOMM
  • Omnitracs
  • OnixSat
  • Paccar
  • Rand McNally
  • Redd System
  • Sascar (Michelin)
  • Satrack
  • Scania
  • Telogis
  • TomTom Telematics
  • TransCore
  • Trimble
  • Volvo Group

For more information visit http://www.researchandmarkets.com/research/tts3xp/_fleet_management

Contacts

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Laura Wood, Senior Manager
press@researchandmarkets.com
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Sector: Car Fleet

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Car Fleet