Five million fleet management systems in Europe by 2015

According to a new research report from the analyst firm Berg Insight, the number of active fleet management systems deployed in commercial vehicle fleets in Europe was two million in Q4-2010. Growing at a compound annual growth rate (CAGR) of 20.7 per cent, this number is expected to reach five million by 2015.
April 23, 2012 Read time: 2 mins
RSSAccording to a new research report from the analyst firm 3849 Berg Insight, the number of active fleet management systems deployed in commercial vehicle fleets in Europe was two million in Q4-2010. Growing at a compound annual growth rate (CAGR) of 20.7 per cent, this number is expected to reach five million by 2015.

Berg Insight says that the market is recovering from the economic downturn and it is clear that 2011 will be more positive than the previous year for the industry, even though uncertainties remain, especially in Southern Europe.

Some players such as 1692 TomTom Business Solutions achieved strong organic growth in 2010. Others, such as 748 Masternaut, 1985 Trimble and Digicore, also added new clients through important merger and acquisition activities in the past 12 months. They have all four joined the exclusive group of fleet management providers in Europe having more than 100,000 active devices in the field and Masternaut recently became the first vendor to surpass 200,000 subscribers.

“The consolidation trend is accelerating among the vendors of fleet management systems”, says Johan Fagerberg, senior analyst, Berg Insight. “In the past 18 months we have seen nine major mergers and acquisitions on the European fleet management market forming a new vendor landscape”. Fagerberg anticipates that the market consolidation of the still overcrowded industry will continue and take place both within the industry and through acquisitions by external players. With fewer larger companies left on the market he predicts that the intense price competition will relax somewhat and create room for more sustainable profit margins.
Location Based Systems

For more information on companies in this article

Related Content

  • Growth of legislation in favour of US enforcement market
    February 1, 2012
    The automated road safety enforcement industry in the United States had a very robust 2010. The industry continued to grow to the point that providers now have nearly 5,000 cameras deployed in 25 of the 50 states and the District of Columbia, with more than 650 communities utilising such life-saving technology. Intersection safety cameras are the most common application but more communities are also implementing road safety camera programmes to deter excessive speeding. Deploying cameras to protect children
    Read More
  • Abu Dhabi seeks safe and efficient multi-modal ITS solutions
    December 17, 2014
    Abu Dhabi’s Department of Transport is planning to roll out its second phase ITS Strategy and Action Plan through to 2019 which will deploy a host of innovative multimodal ITS solutions. The United Arab Emirates (UAE) is continuing to experience rapid growth in both its economy and population and none more so than its capital, Abu Dhabi. To cope with the current expansion, and in anticipation of future growth, the Abu Dhabi Surface Transport Master Plan has been devised by its Department of Transport and th
    Read More
  • Washington, DC, tops list of gridlocked US cities
    August 26, 2015
    The 2015 urban mobility scorecard for the US, published jointly by the Texas A&M Transportation Institute and Inrix, indicates that urban areas of all sizes are experiencing the challenges seen in the early 2000s and population, jobs and therefore congestion are increasing. The US economy has regained nearly all of the nine million jobs lost during the recession and the total congestion problem is larger than the pre-recession levels. Cities of all sizes are experiencing the challenges last seen before t
    Read More
  • Connected nav shipments to reach 27 million by 2016
    April 17, 2012
    Connected infotainment will be dominated by connected navigation, with global shipments reaching 27 million by 2016, according to a new report from ABI Research. However, widespread interest in multimedia streaming, social media integration, and in-car Wi-Fi is still unproven.
    Read More

Highlighted Content