Dan’s Biz Bookshelf: 'This Is Strategy: Make Better Plans'
The Chemical Connection: Reducing Defects in Circuit Board Production
It’s Only Common Sense: Trust Is All You Need
Europe’s Installed Base of Fleet Management Systems to Hit 17.6M by 2023
November 22, 2019 | Berg InsightEstimated reading time: 2 minutes
The number of active fleet management systems deployed in commercial vehicle fleets in Europe was 9.1 million in Q4-2018, according to a new research report from the IoT analyst firm Berg Insight. Growing at a compound annual growth rate (CAGR) of 14.1 percent, this number is expected to reach 17.6 million by 2023.
The top 22 vendors have today more than 100,000 active units in Europe. Webfleet Solutions’ subscriber base has grown both organically and by acquisitions during the past years and the company is the clear market leader on the European market and reached an installed base of about 770,000 units at year-end 2018. Verizon Connect is in second place and had achieved an installed base of 300,000 units. ABAX and Masternaut follow and have reached more than 220,000 units each. Targa Telematics, Microlise, Gurtam, Viasat and Bornemann are also ranked among the ten largest providers with 174,000–192,000 units each.
Some notable players just outside of the top ten list are Teletrac Navman, Fleet Complete, Transics, Trimble, OCEAN (Orange), Macnil, GSGroup, Quartix, Eurowag Telematics, Ctrack (Inseego), Optimum Automotive, Ram Tracking, Cartrack, Radius Payment Solutions and Connexas Group. The HCV manufacturers are now growing their subscriber bases considerably in Europe thanks to standard line fitment of fleet management solutions. FleetBoard by Daimler, Dynafleet by Volvo and Scania Fleet Management are the most successful with active subscriber bases of 117,000 units, 128,000 units and 255,000 units respectively as of Q4-2018.
The consolidation trend on this market continued in 2019. “Twelve major mergers and acquisitions have taken place in the past twelve months among the vendors of fleet management systems in Europe,” said Johan Fagerberg, Principal Analyst, Berg Insight.
Project44 picked-up GateHouse Logistics and Microlise acquired a 20 percent stake in Trakm8 in December 2018. Year 2019 started off with a new FMS mega deal when TomTom Telematics was divested to Bridgestone Europe for a purchase price of € 910 million. BigChange in the UK acquired Labyrinth Logistics and Trace Systems also in January 2019. Vehco bought Paetronics in Finland adding 350 clients in the same month. In April 2019, Radius Payment Solutions announced the acquisition of Plant-i, a provider of tracking and telemetry solutions to the plant and construction sectors that tracks 25,000 vehicles. Radius Payment solutions also picked up Sure-Track later in November.
The IT company Triona acquired Fleetech in April. Masternaut once again changed owner in May when Michelin announced the addition of the company to its commercial vehicle telematics investment. Masternaut is Michelin’s third major acquisition in the fleet telematics industry, with previous investments in Nextraq in North America and Sascar in South America. Connexas Group (previously Isotrak) acquired the cold-chain specialist Seven Telematics in May before rebranding the company group as Connexas. The latest transaction was done in September when Vehco acquired Framlogic in Poland adding 650 clients and 25,000 equipped vehicles. Fagerberg anticipates that the market consolidation of the still overcrowded industry will continue in 2019–2020.
About Berg Insight
Berg Insight is a dedicated M2M/IoT market research firm based in Sweden. We have been specialising in all major M2M/IoT verticals such as fleet management, car telematics, smart metering, smart homes, mHealth and industrial M2M since 2004. Our vision is to be the most valuable source of intelligence for our customers. Berg Insight offers numerous market reports, detailed market forecast databases and advisory services. We provide custom research tailored to your requirements including focussed research papers, business case analysis, go-to-market strategies and bespoke market forecasting. We have provided analytical services to 1000 clients in 72 countries on six continents to date. Our customers range from many of the world’s largest mobile operators, IT companies and telecom vendors, to venture capitalists, technology start-ups and specialist consultants.
Share on:
Suggested Items
PC AIB Shipments Follow Seasonality, Show Nominal Increase for Q4’24
06/06/2025 | JPRAccording to a new research report from the analyst firm Jon Peddie Research, the growth of the global PC-based graphics add-in board market reached 9.2 million units in Q1'25 and desktop PC CPUs shipments decreased to 17.8 million units.
Dalfen Industrial Closes Major Sale of One Million+ SF Houston Logistics Park to Global Tech Giant Foxconn
06/06/2025 | Globe NewswireDalfen Industrial recently announced the sale of Fairbanks Logistics Park, a premier four-building, 1,026,609-square-foot Class A industrial campus in Northwest Houston, to Foxconn.
MVTec Takes a Giant Step Forward in Expanding its International Footprint
06/05/2025 | MVTec Software GmbHMVTec Software GmbH, a leading international provider of machine vision software, continues to drive the expansion of its global presence. After opening a new sales office in the Benelux region in March of this year, the company has now added two more locations. On June 1, MVTec established a sales office on the Iberian Peninsula and a subsidiary in South Korea.
Nolan’s Notes: Moving Forward With Confidence
06/03/2025 | Nolan Johnson -- Column: Nolan's NotesWe’re currently enjoying a revitalized and dynamic EMS provider market with significant growth potential. Since December 2024, the book-to-bill has been extremely strong and growing. Starting with a ratio of 1.24 in December, book-to-bill has continued to accelerate to a 1.41 in April. Yet, there is a global economic restructuring taking place. To say that the back-and-forth with tariffs and trade deals makes for an uncertain market is an understatement. While we may be in a 90-day tariff pause among leading economic nations, the deadline is quickly approaching and that leaves many of you feeling unsettled about what to expect.
IDC Increases its PC and Tablet Forecasts Despite Tariff Uncertainty
06/02/2025 | IDCAfter recording strong results in the first quarter of 2025, IDC is increasing its traditional PC forecast for 2025 — this comes despite the significant impact that US tariffs have had on its trading partners’ market sentiment.