North American fleet management system market is red hot
The region ended 2015 with an installed base of 5.8 million fleet management systems; projected to pass 12.7 million by 2020
North America is expected to reach 12.7 million active fleet management systems deployed in commercial vehicle fleets in 2020, according to a recent study by Swedish M2M/IoT research firm Berg Insight.
The installed base of fleet management systems totaled 5.8 million at the end of 2015. The market is expected to grow at a compound annual growth rate (CAGR) of 17% during the 2015-2020 period.
The study also revealed that the number of active fleet management systems in Latin America is expected to increase from 2.3 million at the end of 2015 to 4.1 million in 2020, representing a CAGR of 12.8%
The top 15 providers of fleet management systems in the Americas currently have a combined installed base of more than 4 million active units in the region and the top five players alone account for 2.5 million units. Leading solution providers including Fleetmatics, Omnitracs, Telogis, Trimble and Geotab, according to Berg Insight.
“Leading providers on a global basis have now surpassed half a million fleet management subscribers by far and are continuing to grow at a high pace driven by organic growth in combination with selective M&As”, said Rickard Andersson, Senior Analyst, Berg Insight. Notable transactions in 2015 include the merger of Teletrac and Navman Wireless to create a global telematics organization as well as the combination of BSM Technologies and Webtech Wireless in the North American market.
Berg Insight anticipates that at least one of the solution providers will have reached the milestone of 1 million fleet management units globally by 2018.
Huawei signs smart city deal in Dubai
Chinese ICT services provider Huawei has signed a Memorandum of Understanding (MoU) with Dubai South to bring future-city capabilities and services to Dubai South’s Business Park Free Zone.
The business park offers commercial space to support diverse sectors including aviation, logistics, general trading, finance, business consultancies, training institutions and retail.
“The MoU between Dubai South and Huawei will see the deployment of Huawei’s Smart City and Safe City solutions to provide enhanced services to residents and businesses in the park,” said Colin Hu, Managing Director of Huawei Enterprise for the United Arab Emirates (UAE).
Huawei’s capabilities include mobile and fixed broadband infrastructure as well as Internet of Things (IoT) platforms to allow connectivity, security and ID management for large scale deployment of smart city sensors and devices. Huawei’s Safe City solutions have been deployed in nearly 100 cities across 30 countries.