According to a new research report from the analyst firm Berg Insight, the number of active fleet management systems deployed in commercial vehicle fleets in South Africa was 0.9 million in Q4-2015. Growing at a compound annual growth rate (CAGR) of 10.8 percent, this number is expected to reach 1.5 million by 2020.
The market is dominated by a group of aftermarket telematics players including MiX Telematics, Cartrack, Altech Netstar, DigiCore (Ctrack) and Tracker which are all headquartered in South Africa and have installed bases of more than 100,000 fleet management units on the domestic market. Notably, these top-5 players together represent as much as two thirds of the total number of active fleet management systems in use in the country today.
“South Africa is a relatively mature telematics market and the penetration is comparably high from an international perspective”, said Rickard Andersson, Senior Analyst, Berg Insight. He adds that the country is the home of a large number of telematics companies including renowned international players such as MiX Telematics and DigiCore. “Many of the local telematics solution providers have their roots in vehicle security applications. These telematics companies have in many cases extended their SVR offerings with additional functionalities for fleet management”, continued Mr. Andersson.
Some industry players use the categorisation of light fleet management to distinguish low-end products from premium solutions. “Far from all deployments are thus full-scale advanced fleet management solutions, and a notable share of the installed fleet telematics systems on the South African market is represented by comparably low-end tracking systems combining stolen vehicle recovery with basic fleet management features”, concluded Mr. Andersson.
Download report brochure: Fleet Management in South Africa
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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. In addition to M2M/IoT, we are also active within Location-Based Services, mobile Value-Added Services and Next Generation Technologies. We have provided analytical services to 800 clients in 69 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.
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