Teletrac Navman in Pole Position as Trans-Tasman Market Leader
Fleet Management Market To Double In Size By 2020
SYDNEY, Australia, 15 December 2016 - Teletrac Navman has been recognised as the fleet management market leader across Australia and New Zealand according to international market research firm, Berg Insight.
The Berg Insight report also predicted that the fleet management market in Australia and New Zealand could double in size by 2020. Berg Insight 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, a global leader in GPS tracking and fleet management solutions, as the largest provider across Australia and New Zealand, noting 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 a number of 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,” said Ian Daniel, Vice President of Asia Pacific at Teletrac Navman.
“The report reflects what we’re hearing from our customers. Businesses need operational efficiencies, such as reduced fuel costs, but they’re particularly focused on the safety and compliance benefits that fleet management systems provide.
“We’re also delighted that the report highlights our position as the largest provider of fleet management services across Australia and New Zealand,” continued Daniel.
“We have a long-standing presence in Australia, back to the formation of Navman, and now have a global reach with Teletrac Navman software and equipment tracking fleet vehicles across six continents.”
Notes to editors:
Berg Insight is an international market research firm, based in Sweden, that specialises in machine to machine communication (M2M) and Internet of Things (IoT).
About Teletrac Navman
Teletrac Navman, the combined company formed by Teletrac Inc. and Navman Wireless offers GPS-based fleet optimisation products and services, including real-time vehicle tracking, electronic logging, communications and analytics that enable companies to monitor, measure and improve operational costs and efficiencies. The company's technology currently tracks more than 500,000 vehicles owned by over 40,000 organisations on six continents, making it one of the world's largest fleet management software solutions providers. The company, headquartered in Glenview, IL, has offices in the United States, Mexico, United Kingdom, Australia and New Zealand. www.teletracnavman.com.au
(02) 9469 5700