MiX Telematics leads in South African Fleet Management Market
Posted on 11 March 2016 in General
MiX Telematics, a leading global provider of fleet and mobile asset management solutions, has been recognised by a recently published Berg Insight report as the largest fleet management solution provider in South Africa.
The report, titled ‘Fleet Management in South Africa’ was authored by Rickard Andersson, Senior Analyst at Sweden-based M2M/IoT analyst house Berg Insight, and includes insights from numerous interviews with market-leading companies, data on commercial fleets, an overview of the fleet management value chain, profiles of 22 aftermarket fleet management solution providers and a summary of the Original Equipment Manufacturer (OEM) propositions from commercial vehicle brands.
"We are delighted to be recognised as the largest provider of fleet management solutions in South Africa – a key market for us as a global telematics company,” says Brendan Horan, Managing Director at MiX Telematics (Africa). “South Africa is where it all began for us in 1996, and we are grateful to not only have grown substantially in this market over the years, but to have industry experts note this growth and the contribution we have made to the local fleet management landscape.”
In addition to identifying the top performing fleet management solution providers dominating the South African fleet market, the report also explores the overall state of the market including fleet management infrastructure, market drivers and barriers, as well as future market trends.
“Although the current growth levels are somewhat lower than in other markets, due to the high telematics penetration and a weak local economy, we estimate a 10.8% compound annual growth rate from 0.9 million units in 2015 to 1.5 million by 2020,” said Mr Andersson. “Despite the current economic challenges, we believe that the fleet management sector in the region is in a growth period that is set to continue in the years to come,” concluded Mr Andersson.
MiX Telematics services customers across various market segments in South Africa including transport and logistics, oil and gas, agriculture, rental and leasing, cold chain and retail logistics, public transport, government/municipal, security, construction and mining. Globally, MiX Telematics has a total active installed base of more than 540,000 mobile assets at the end of September 2015, up from 479,000 at same time in 2014. These assets include trucks, buses, vans, cars, motorcycles and trailers.