The number of fleet management systems operational in North America is expected to grow at a compound annual growth rate (CAGR) of 15.9% from 2.8 million units in 2011 to 5.9 million units by 2016, according to a new report.
According to Berg Insight's 'Fleet Management in the Americas - 2nd Edition' report, North America has nearly 12.7 million GVW 3-8 commercial vehicles operational and about 25.5 million GVW 1-2 vehicles being owned by enterprises or public entities.
While in Latin America, the number of fleet management systems is anticipated to rise at a CAGR of 16.6% and reach 2.8 million units in 2016 from 1.3 million units in 2011, with 21.9 million of commercial vehicles in operation.
The report revealed that the penetration rate in the total population of non-privately owned commercial vehicles in North America is anticipated to increase 16.4% in 2016, while in Latin America penetration rate is expected to rise to 12.8% in 2016.
The Americas' market leaders on the fleet management market include Qualcomm Enterprise Services and Trimble in addition to FleetMatics, Networkfleet, NexTraq and Wireless Matrix.
Major Brazilian fleet management providers include Autotrac, Zatix and OnixSat, while in Latin America Copiloto Satelital and Grupo UDA, Satrack as well as Tastets System and Wisetrack.
