The installed base of fleet management systems in Australia and New Zealand will more than double to reach 1.1 million units by 2020, according to market research firm, Berg Insight.
Berg Insight says growth will be driven by a number of different market forces including regulatory developments such as health and safety regulations, road user charges and electronic work diaries.
Senior analyst, Rickard Andersson, said the market was served by a variety of players ranging from small local vendors to leading international solution providers. “Teletrac Navman is established as the leading provider in terms of subscriber base in the region, holding a strong position in both Australia and New Zealand. Other major players on the market include EROAD, IntelliTrac, MTData and Smartrak which are all based in the region.”
He said local suppliers Ezy2c and Coretex as well as the international vendors MiX Telematics, Ctrack and Geotab also had comparably strong presence, and that a number of commercial vehicle OEMs had also launched fleet management offerings for vehicles marketed in the region either independently or working in partnership with a telematics supplier.
“The adoption levels for the OEM telematics initiatives however remain relatively modest and the market is so far clearly dominated by aftermarket solution providers serving fleets directly”, Andersson said.