By 2020, 10.6 million fleet management systems will be active in Europe: Targa Telematics will start entering the top 10 of the vendors.
According to the Swedish Research Company specializing in the M2M / IoT market, the last quarter of 2015 recorded 5.3 million commercial vehicles equipped with a fleet management system. Growing at a compound annual growth rate (CAGR) of 14.9 percent, analysts at Berg Insight estimate that this number should reach 10.6 million by 2020.
With 80,000 installations of the Fleet Management Certification System active at the end of 2015, Targa Telematics starts to enter the top 10 of the vendors with at least 100,000 active installations.
In the second quarter of 2016 Targa Telematics reached 120,000 active installations.