Industria
Global Fleet Management System Market - Enhanced Operational Efficiency Boost Growth by 2019
The growing need among fleet operators to increase operational productivity has resulted in the growth of the Global Fleet Management Systems Market, which will post a CAGR of 26.23% from 2014-2019.
According to the latest "Global Fleet Management System Market 2015-2019" 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.
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.
An industry benchmark productivity increase of about 20% per vehicle has been achieved by employing high-end fleet management systems.
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.
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.
The report 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.
Market segmentation, size and forecast through 2019
Need to Elevate Operational Productivity
High Set-up Cost of Fleet Management Systems
Popularity of Green Fleet Management Solutions
Fleetmatics Group Ltd., TeleNav Inc., TomTom International BV, Trimble Navigation Ltd.
Alphabet, Blue Tree Systems, Cadec Global and CarrierWeb
Furthermore, fleet management systems are gaining popularity in the transportation of perishable goods, as these systems help monitor field resource activities.
Exhibit 1: Global Fleet Management System Market by Technology Segmentation
Exhibit 2: Market Research Methodology
Exhibit 3: Global Fleet Management System Market 2014-2019 (US$ billion)
Exhibit 4: Global Fleet Management System Market Segmentation by Technology 2014
Exhibit 5: Global Fleet Management System Market Segmentation by Technology 2014-2019
Exhibit 6: Global Fleet Management System Market Segmentation by Technology 2014-2019 (US$ billion)
Exhibit 7: Global Commercial Telematics Hardware Market 2014-2019 (US$ billion)
Exhibit 8: Global Software Components Market 2014-2019 (US$ billion)
Exhibit 9: Global Connectivity Technologies Market 2014-2019 (US$ billion)
Exhibit 10: Global Fleet Management System Market by Geographical Segmentation 2014
And more.
Analysts forecast that the Fleet Management System market in the Americas will grow at a CAGR of 16.71% by volume over the period 2014-2019.
One of the major trends emerging in the market is the increase in technology adoption. Various devices and technologies such as cellphones, GPS, and other software are now being integrated with fleet vehicles transforming the way fleet operators and drivers interact.
According to the report, the key driver of this market is the growing need among fleet operators to optimize their operational efficiency. To mitigate the effects of major cash crunches because of the uncertain global economic scenario, companies are employing strategies to limit costs and maximize productivity. Fleet management systems enable them to do this by efficiently tracking and monitoring their vehicles with continuous data feedback, which helps in reducing fuel consumption, rectifying non-value added activities of drivers, and improving the safety of vehicles.
The report recognizes the following companies as the key players in the Fleet Management System Market in the Americas: Fleetmatics Group Ltd., TeleNav Inc., TomTom International BV and Trimble Navigation Ltd.
Other Prominent Vendors in the market are: ARI, Autotrac, Blue Tree Systems, BSM Wireless, Cadec Global, CarrierWeb, Celtrak, Chevin, Ctrack, DriverTech, EDT, FieldLogix, Fleetcor Technologies, Fleetio, Garmin International, GPS Integrated, GPSTrackIt, I.D. Systems, Inosat Global, Intelligent Mechatronic Systems, Isotrak, Ituran, LoJack, Microlise, Mix Telematics, Mobileye, Navman Wireless, Omnitracs, Onixsat, Pedigree Technologies, Redtail Telematics, Reltima, RTA Fleet, Sascar, SFT Telematics, Telogis, Transcore, USA Fleet Solutions, Verizon Networkfleet, Vestigo and Zonar Systems.
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