TransTRACK® Recognized as Southeast Asia’s Largest Fleet Management Solution Provider by Berg Insight

Jakarta [30/10/2024] – TransTRACK, a leading fleet management (FM) solutions leader, has been recognized as one of the three largest providers in Southeast Asia, with total installed units exceeding 100,000. Amid rapid growth, the adoption of FM solutions continues to transform the transportation and logistics sector in the region.

According to a recent industry report, the number of fleet management system units in Southeast Asia will reach 2.8 million by 2023, signaling significant recovery and growth after the challenges of the COVID-19 pandemic. Market projections show a strong compound annual growth rate (CAGR) of  13.7 percent, with the total number of active units expected to nearly double, reaching 5.4 million by 2028. This growth reflects the regional drive to improve efficiency, safety and accountability in fleet operations, with the penetration rate expected to increase from 15.7 percent to 25.7 percent in the next five years.

While the fleet management market in Southeast Asia shares similar characteristics, regulations, economic factors, and varying adoption rates affect individual countries. Singapore, for example, leads in the adoption of advanced FM solutions with a strong preference towards full-featured systems at higher prices. Other countries in the region still rely on basic tracking systems, although demand for more comprehensive solutions is growing.

TransTRACK, along with Cartrack and Jimi IoT, has been recognized as a major player in this growing market. This recognition is in line with TransTRACK’s commitment to innovation and confirms its position as a trusted FM partner across Southeast Asia.

With businesses increasingly relying on fleet telematics to optimize operations and improve fleet performance, TransTRACK continues to stay at the forefront by developing tools and features to enhance the fleet management experience. The company’s focus on flexibility, scalability, and integration capabilities has allowed it to excel in meeting the growing demand in Southeast Asia and set industry standards for customer satisfaction and operational efficiency.

About TransTRACK TransTRACK is a leading provider of fleet management solutions in Southeast Asia, offering a range of telematics and fleet management technologies designed to meet the dynamic needs of the region’s transportation and logistics sectors. Through a commitment to innovation and customer-focused solutions, TransTRACK supports clients in optimizing fleet performance and achieving their operational goals.