Frost & Sullivan recently researched the fleet management services industry and, based on its findings, recognizes AddSecure with the 2024 Europe Market Leadership Award. AddSecure is a market-leading secure data and critical communications solution provider with an extensive IoT offering including fleet management, transport management, and video telematics solutions that optimize performance and enhance business success.
AddSecure offers a full-featured suite of sophisticated solutions that deliver tailor-made and data-driven services to meet ever-growing industry needs. Through a robust software-as-a-service (SaaS) model, the company delivers its solutions in scalable packages—such as FMS Lite, FMS Plus, and FMS Pro—that cater to businesses of all sizes. This streamlined, package-based service model ensures that its customers receive high-quality, scalable solutions tailored to their needs.
AddSecure leverages AI-powered features for route optimization, automatic trailer coupling and an electronic proof of delivery (ePod) system to provide customers with real-time insights and automation capabilities that streamline operations and reduce costs. Examples of other innovative products include the RoadHero solution for digital claims management and the SaaS based Transport Management System (TMS), It significantly improves fleet performance and customer satisfaction while meeting ongoing fleet management challenges. Additionally, the company’s strategic acquisitions across Europe have significantly expanded its geographic footprint, portfolio, and business capabilities, ensuring sustained market growth in the next few years.
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“AddSecure Group plans to grow its annual revenues from €200 million in 2023 to €500 million in 2027 in two ways. The first involves further geographic expansion by taking advantage of the fragmented nature of the European transport and logistics industries. The second is expansion into new transport and IoT verticals by leveraging digitalization and technology trends such as electrification, micro-mobility, and video telematics,” said Jack Palmer, principal consultant for Frost & Sullivan’s mobility practice.
AddSecure‘s research and development (R&D) strategy supports its rapid growth and expansive portfolio. The company consistently invests in cutting-edge technologies like IoT connectivity to enhance the value of its offerings and strengthen its leadership in the industry. As a result, this focus on innovation and expansion enabled AddSecure to adapt to the rapidly changing landscape of the transport and logistics industry and become one of the undisputed fleet management services leaders.
“One of the main challenges is coordinating the R&D efforts of the many businesses it has been formed from. AI is one enabler that AddSecure’s management believes holds benefits across the entire product portfolio,” noted Palmer.
SOURCE: PRNewswire