The number of active fleet management systems deployed in commercial vehicle fleets in Europe was 5.3 million in Q4-2015, according to a study by the M2M/IoT analyst firm Berg Insight.
Growing at a compound annual growth rate of 14.9 per cent, this number is expected to reach 10.6 million by 2020. All the top-10 vendors have today more than 100,000 active units in Europe.
The consolidation trend on this market continued in 2016. “Nine major mergers and acquisitions have taken place in the past three quarters among the vendors of fleet management systems in Europe”, said Johan Fagerberg, senior analyst, Berg Insight.