Global Fleet Management System Market is expected to grow at a CAGR of 26.23% During 2015
A fleet management system is formed by the integration of hardware, software, and communication technologies. It provides a platform to fleet operators to efficiently control, track, and monitor commercial vehicles. They improve the overall operational efficiency by reducing the non-value-added activities of the operators. Fuel cards are used for fuel management while driver safety systems monitor driver behavior. Other solutions are employed for locational tracking of vehicles, driver navigation assistance, and ensuring that the operators meet the regulatory standards set by their respective national governments.
About the Report
According to the latest report, a rise in vehicle and fuel prices has increased fleet operating costs and affected profit margins in the logistics and cab business, which has boosted demand for high operational efficiencies in the industry.
“An industry benchmark productivity increase of about 20 percent per vehicle has been achieved by employing high-end fleet management systems,”.
Covered in this Report
The Global Fleet Management System market can be divided into three segments based on the type of technology: Commercial Telematics Hardware, Software Components, and Connectivity Technologies. The major end-users of fleet management systems are specialist logistics companies in the Taxi Fleet Operator and Truck Fleet Operator sectors.
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Global Fleet Management System Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global Fleet Management Systems market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The new report also emphasizes the growing popularity of green fleet management solutions worldwide. Stringent regulations in western countries are aimed at lessening the impact of the business on the environment, which is affecting the overall market growth.
“Organizations have become conscious of their public image as an environmentally friendly company, which is certainly going to impact the market in the coming years,” says Ghaus.
Furthermore, fleet management systems are gaining popularity in the transportation of perishable goods, as these systems help monitor field resource activities.