Lytx Inc. turned in a year of growth in 2015, thanks to key new client wins and existing clients expanding their DriveCam deployments. Industry analysts Frost & Sullivan peg Lytx market share at 66 percent – four times that of the next nearest competitor, with share at 14 percent -- continuing Lytx's strong market leadership that began when it created the category in 1998.
"Even though the commercial fleet video safety category is growing rapidly, Lytx and its DriveCam program have outpaced the rest of the industry, which is a testament to the strength of its service offering and experience in the field," said Frost & Sullivan research manager Sathya K, whose report estimates Lytx market share to be at 66 percent.
Among key Lytx business achievements in 2015:
- 102,000 new subscriptions sold, bringing total subscriptions to more than 300,000
- 365 new companies adopted Lytx DriveCam™ programs
- Nearly half of existing clients expanded their fleet deployments
- Launched Lytx ActiveVisionSM service, a comprehensive safety system to battle the $175 billion problem of distracted and drowsy driving
- 29th consecutive quarter of double-digit growth in subscriptions
- Booked contract value of nearly $200 million
- Continued to deliver to clients an average reduction in claims of $1,750 per vehicle annually plus additional savings in fuel consumption and maintenance due to safer driving habits, resulting initial return on investment in about 3 months, with an average 4X return on investment realized annually.
Lytx furthered its share of key commercial and public fleet categories in 2015, and now protects:
- 10 of the top 11 for-hire, less-than-truckload and truckload carriers
- 2 of the top 3 transit companies
- 2 of the largest propane distributor and top 4 industrial gas distribution companies
- 11 of the top 18 food products companies
- 7 of the top 12 waste, disposal and recycling companies
- 9 of the top 21 utilities companies
- 4 of the top 8 concrete companies
- 2 of the largest railroad companies and the top 3 rail crew shuttle companies
- 7 of the largest cities and federal agencies
Key Client Wins Lead to Record Growth
Lytx continued enhancing its blue-ribbon client list in 2015, adding 365 new clients. Among them are many top brands in commercial transportation, including:
- Swift Transportation
- YRC
- Martin Transportation System
- Midland Transport
- Dean Foods
- Transport America
- Land O'Lakes
- Crete Carriers
- LaFargeHolcim
- Vulcan Materials
- Dolese Bros.
- City of Atlanta
- Ecology Auto Parts
- HD Supply
- Mobile Mini
- Jacksonville Transportation Authority
- City of Winter Park FL
- City of Corpus Christi, TX
- National Express (UK)
- Montgomery Transport (UK)
- Peter's Food Service (UK)
- Solstor (UK)
