Based on a brand new analysis report from the IoT analyst agency Berg Perception, various energetic fleet administration programs deployed in business automobile fleets in South Africa reached an estimated 2.1 million in This fall-2022. Rising at a compound annual progress fee (CAGR) of 12.2%, this quantity is anticipated to achieve 3.8 million by 2027.
South Africa is a mature telematics market and the penetration fee is comparably excessive from a global perspective. Removed from all deployments are nonetheless full-scale superior fleet administration options. A notable share of the put in fleet telematics programs on the South African market is represented by comparably low-end monitoring programs, e.g. gentle FM options, together with SVR (system verification assessment) programs prolonged with primary FM options.
The South African fleet administration market is clearly dominated by 5 home gamers with broad telematics portfolios that collectively characterize 70% of the overall variety of fleet administration programs in use within the nation. “Berg Perception ranks Cartrack, Tracker and MiX Telematics as the biggest suppliers of fleet administration options in South Africa”, says Rickard Andersson, principal analyst, Berg Perception. He provides that Cartrack alone has greater than half one million energetic FM items within the nation. “The remaining top-5 gamers are Ctrack and Netstar.”
Andersson continues “Different top-10 gamers on the South African fleet administration market embrace native suppliers comparable to Bidtrack (Bidvest Group), Digicell and GPS Monitoring Options (Eqstra Fleet Administration), in addition to worldwide gamers together with Webfleet (Bridgestone) and Gurtam. Lytx, Autotrak, Digital Matter, Scania and Powerfleet (Pointer SA) are extra top-15 suppliers, all having estimated put in bases of 15,000 fleet administration items within the nation. Gamers simply exterior of the highest record embrace key telematics/radius cost options, Geotab, Mtrack (Digital Monitoring Techniques), iCAM Video Telematics, FleetCam and Globaltrack. “Along with Scania, comparably massive put in bases of OEM fleet telematics programs in South Africa have additionally been achieved by producers comparable to Daimler Truck, UD Vehicles and Volvo Vehicles.”
The brand new examine additionally contains an outlook on the general African market. Africa is a extremely various geographic area from a fleet administration perspective. The continent can generally be divided into three subregions South Africa, Sub-Saharan Africa (excluding South Africa) and Northern Africa. The South African fleet telematics market is much forward of the remainder of the continent by way of adoption, whereas Sub-Saharan Africa is developed area if excluding South Africa. Northern Africa is comparably superior and effectively forward of Sub-Saharan Africa in relation to fleet telematics penetration, although nonetheless fairly a bit behind South Africa.
The African fleet administration market past South Africa is by many business representatives described as difficult. The weak financial circumstances and international alternate fee fluctuations together with the unstable political local weather make the Remainder of Africa market a difficult enterprise setting general. There are nonetheless promising prospects for gamers adapting to the native market dynamics because the Remainder of Africa market has significantly extra untapped alternative than what South Africa can provide at this stage.
Obtain report brochure: Fleet Management in South Africa.