The installed base of fleet management systems in Europe will reach 15.6 million by 2022

Wednesday, November 7, 2018 - 10:19
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The number of active fleet management systems deployed in commercial vehicle fleets in Europe was 7.7 million in Q4-2017, according to a new research report from the IoT analyst firm Berg Insight. Growing at a compound annual growth rate (CAGR) of 15.2 percent, this number is expected to reach 15.6 million by 2022. The top-15 vendors have today more than 100,000 active units in Europe. TomTom’s 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 708,000 units at year-end 2017. Masternaut is still in second place and had achieved an installed base of an estimated 250,000 units. Berg Insight ranks Verizon Connect as the third largest player in terms