Growing at a compound annual growth rate (CAGR) of 10.8 percent, this number is expected to reach 1.5 million by 2020.
The market is dominated by a group of aftermarket telematics players including MiX Telematics, Cartrack, Altech Netstar, DigiCore (Ctrack) and Tracker which are all headquartered in South Africa and have installed bases of more than 100,000 fleet management units on the domestic market.
“Many of the local telematics solution providers have their roots in vehicle security applications. These telematics companies have in many cases extended their SVR offerings with additional functionalities for fleet management. Far from all deployments are thus full-scale advanced fleet management solutions, and a notable share of the installed fleet telematics systems on the South African market is represented by comparably low-end tracking systems combining stolen vehicle recovery with basic fleet management features.”