IoT News | The installed base of fleet management systems in Europe will reach 22.5 million by 2025

IoT News | The installed base of fleet management systems in Europe will reach 22.5 million by 2025

The installed base of fleet management systems in Europe will reach 22.5 million by 2025IoT News | The installed base of fleet management systems in Europe will reach 22.5 million by 2025

The number of active fleet management systems deployed in commercial vehicle fleets in Europe was 11.5 million at the end of 2020, according to a new research report from the IoT analyst firm Berg Insight.

Growing at a compound annual growth rate (CAGR) of 14.4 percent, this number is expected to reach 22.5 million by 2025.

The top-30 vendors have today more than 100,000 active units in Europe. Webfleet Solutions’ subscriber base has grown both organically and by acquisitions during the past years and the company is the clear market leader on the European market and reached an installed base of about 726,000 units at year-end 2020.

Berg…

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