Market research firm, Berg Insight is ranking Teletrac Navman as the fleet management leader across Australia and New Zealand.
A Berg Insight report is predicting the Australasian fleet management market could double in size by 2020.
The market research firm expects that the number of fleet management systems in active use will grow at a compound annual growth rate (CAGR) of 16.0 percent from 0.5 million units in 2015 to 1.1 million by 2020.
Berg Insight ranks Teletrac Navman, as the largest provider across New Zealand and Australia, reporting it has around 80,000 active units in the region and holds a strong position in both countries.
According to Berg Insight, the fleet management market in the region is today influenced by some different market drivers including regulatory developments such as health and safety regulations, road user charges and electronic work diaries.
“Regulatory compliance is a huge driver for growth in the fleet management market, and it’s a key focus for Teletrac Navman,” say Teletrac Navman Asia Pacific vice president Ian Daniel.
“The report reflects what we’re hearing from our customers,” says Daniel.
“Businesses need operational efficiencies, such as reduced fuel costs, but they particularly focus on the safety and compliance benefits that fleet management systems provide, he says.
“We’re also delighted that the report highlights our position as the largest provider of fleet management services across New Zealand and Australia,” says Daniel.
“We have a long-standing presence in New Zealand, back to the formation of Navman, and now have a global reach with Teletrac Navman software and equipment tracking fleet vehicles across six continents,” he says.
