The number of active fleet management (FM) systems deployed in commercial vehicle fleets in South Africa is growing at a compound annual growth rate (CAGR) of 15 per cent, and is expected to reach 3.2 million by 2023, according to Berg Insight, a leading Internet of Things (IoT) analyst firm.

South Africa’s number of active fleet management systems reached an estimated 1.6 million in the fourth quarter (Q4) of 2018, the company stated in the report.

South Africa is a relatively mature telematics market and the penetration rate is comparably high from an international perspective.

A notable share of the installed fleet telematics systems on the South African market is represented by comparably low-end tracking systems, e.g. light FM solutions, including stolen-vehicle recovery (SVR) systems extended with basic FM features, it stated.
 
Rickard Andersson, principal analyst, Berg Insight, said: “The South African fleet management market is clearly dominated by five domestic players with broad telematics portfolios, each having over 100,000 fleet management units in use in this market.”

These top-five players collectively account for more than two thirds of the total number of fleet management systems in use on the South African market, he added.

According to him, Cartrack and MiX Telematics are the largest providers of fleet management solutions in South Africa, together having more than half a million active units in the country.

Tracker is the third largest player followed by Netstar and Ctrack (Inseego), he stated.

The other Top-10 firms are Bidtrack (Bidvest Group), Digit Vehicle Tracking (Digicell) and GPS Tracking Solutions (Eqstra Fleet Management), as well as international players including Webfleet Solutions (Bridgestone) and Gurtam, he added.-TradeArabia News Service