South Africa Fleet Management Market Report 2024 - Cartrack, Tracker, MiX by Powerfleet, Ctrack and Netstar Dominate the Fleet Management Market in South Africa [Yahoo! Finance]
PowerFleet, Inc. (PWFL)
Last powerfleet, inc. earnings: 3/12 07:30 am
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Source: Yahoo! Finance
A relatively strong growth period is expected for fleet management in South Africa in the years to come. The number of fleet management (FM) systems in active use is forecasted to grow at a compound annual growth rate (CAGR) of 10.3 percent from about 2.3 million units at the end of 2023 to reach 3.8 million units by 2028. The penetration rate in the total population of fleet vehicles used by businesses is at the same time estimated to increase from 47.3 percent in 2023 to 70.0 percent in 2028. South Africa is a relatively mature telematics market and the penetration rate is comparably high from an international perspective. Far from all deployments are however full-scale advanced fleet management solutions. A notable share of the installed fleet telematics systems is represented by comparably low-end tracking systems, e.g. light FM solutions, including SVR systems extended with basic FM features. The South African fleet management market is clearly dominated by five domestic pla
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PWFL
Earnings
- 3/12/24 - Miss
PWFL
Sec Filings
- 6/21/24 - Form 4
- 6/21/24 - Form 4
- 6/21/24 - Form 4
- PWFL's page on the SEC website