The number of active fleet management systems deployed in commercial vehicle fleets in Australia and New Zealand was almost 1-million units in Q4-2019 according to a new research report from the leading IoT analyst firm Berg Insight.
Growing at a compound annual growth rate (CAGR) of 13,5%, this number is expected to reach more than 1,8-million units by 2024.
A wide variety of players serve the fleet telematics market in Australia and New Zealand, ranging from small local vendors to leading international solution providers.
The top-15 players in Australia and New Zealand account for 70% of the active units on the market, and more than 40% is represented by the top five.
In Australia, the first two Electronic Work Diaries (EWDs) were recently approved by the National Heavy Vehicle Regulator (NHVR).