
Geotab has even reached the 2 million mark. The two front-runners are the only players which have surpassed the milestone of 1 million active fleet management subscribers in the region. Geotab and Verizon Connect are the leading fleet telematics providers in the Americas. The penetration rate in the region is estimated to increase from 12.9 percent in 2020 to 22.7 percent in 2025. In Latin America, the number of systems in use is projected to increase from 4.2 million units in 2020, growing at a CAGR of 13.1 percent to reach 7.9 million units in 2025. The penetration rate in the total population of non-privately owned vehicles in commercial use is estimated to increase from 41.0 percent in 2020 to 69.7 percent in 2025. In North America, the number of systems in active use is forecasted to grow at a compound annual growth rate (CAGR) of 14.0 percent from 12.3 million units in 2020 to 23.6 million units by 2025. Latin American fleets have however also started to embrace optimisation functionality to an increasing extent.īerg Insight expects the FM market to recuperate and show healthy growth in 2022–2025. The Latin American market has often required an educational process to extend the perception of fleet telematics beyond security-related aspects. The advanced North American market is among other things driven by regulatory developments such as the ELD mandates in the US and Canada. While the global recession associated with the ongoing COVID-19 pandemic has hampered developments in 2020–2021 to some extent, the setbacks are expected to be temporary. The fleet management solution market in the Americas has been in a growth period for many years. The number of commercial vehicles in operation in Latin America is estimated to 40.7 million. In North America, there are approximately 29.9 million vehicles in commercial use.
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All of these components combined enable the delivery of vehicle management, transport management, driver management and mobile workforce management applications linking vehicles and enterprise IT systems.Ĭommercial vehicle fleets play an essential role in the economy in both North and Latin America. Today, mobile networks can provide ubiquitous online connectivity in many regions at a reasonable cost and mobile computing technology delivers very high performance, as well as excellent usability. On-board vehicle computers first emerged in the 1980s and were soon connected to various satellite and terrestrial wireless networks. The history of fleet management solutions goes back several decades.

Berg Insight’s definition of a fleet management solution is a vehicle-based system that incorporates data logging, satellite positioning and data communications to a backoffice application. How will the commercial vehicle telematics industry evolve in the futureįleet management (FM) is an ambiguous term used in reference to a wide range of solutions for different vehicle-related applications. Will the FM industry consolidate further in 2022 and beyond? How are the regulatory developments in the Americas affecting the FM industry? What differences are there between the North and Latin American markets? How is the shift towards standard hardware influencing the FM market in the Americas? What offerings are available from commercial vehicle OEMs? Which are the leading providers of aftermarket fleet management solutions in the Americas? What is the geographical structure of commercial vehicle fleets in the Americas? This report answers the following questions Revised market forecasts lasting until 2025. Summary of OEM propositions from commercial vehicle brands. Updated profi les of 83 aftermarket fleet management solution providers. In-depth analysis of market trends and key developments. New data on vehicle populations and commercial fleets in the Americas.Ĭomprehensive overview of the fleet management value chain and key applications.

Insights from 30 new executive interviews with market-leading companies. This strategic research report from Berg Insight provides you with 330 pages of unique business intelligence, including 5-year industry forecasts, expert commentary and real-life case studies on which to base your business decisions, The report covers in-depth both OEM and aftermarket players and includes all the latest market data. Fleet Management in the Americas is the eleventh consecutive report from Berg Insight analysing the latest developments on the commercial vehicle telematics market in the Americas.
