Berg Insight, a dedicated M2M/IoT market research firm based in Sweden, recently issued а Fleet Management in Russia/CIS and Eastern Europe Report for 2019. According to the report, SpaceTeam is one of the top 15 leading companies in this market in terms of the number of vehicles serviced using the solutions offered by this company.
is of the opinion that the fleet management industry is Russia and CIS in a long-term growth phase. Key drivers in Eastern Europe and the CIS include cost reductions related to fuel savings and regulatory developments such as ERA-GLONASS and several other players which increase the awareness of telematics. The number of fleet management systems in active use in the region is forecasted to grow at a compound annual growth rate of 13.5 percent from 7.3 million units at the end of 2018 to 13.8 million by 2023.
The major Russian solution providers have historically mainly served large corporations with standalone software systems which are paid upfront and hosted in-house, whereas subscription services traditionally mainly have been adopted by SMBs. Cloud services based on recurring service fees have however now become a greater focus also for major enterprise fleets on the Russian market and the domestic FM solution providers are increasingly pushing for a transition towards SaaS-based models.
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