What is Fleet Telematics Systems?
A Fleet telematics system is a combination of telecommunications and informatics that gather data including vehicle location, driver behavior, engine diagnostics, and vehicle activity and visualize this data on software platforms that help fleet operators manage their resources. Generally, it contains a stationary fleet communication system and a mobile vehicle system that enables a commercial vehicle fleet to share information to their central office such as dispatching office. Fleet telematics systems collect valuable data from municipal governments and forestry trucking to general fleets that used to optimize how fleets operate across the world. The technologies used in the fleet telematics systems include in-vehicle devices, wireless data communication networks, satellite data communication networks, GPS, mapping engines and data, vehicle engine computer module, cloud services and internet browsers or mobile apps. In today's world, fleet telematics systems are becoming a standard protocol for numerous industries as it helps to raise customer service standards, increase reliability, boost efficiency and improve revenue. These systems are being used in numerous industries such as construction, transportation, site excavation trucking, taxi companies and car-sharing services, governments and municipalities, researchers, general fleets, utility companies and powertrain manufacturers.
The market study is broken down, by Application (Construction, Transportation, Site Excavation Trucking, General Fleets, Utility Companies, Taxi Companies, Car-Sharing Services, Governments and Municipalities and Powertrain Manufacturers) and major geographies with country level break-up.
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Research Analyst at AMA estimates that Players from United States will contribute to the maximum growth of Global Fleet Telematics Systems market throughout the predicted period.
AT&T Inc. (United States), Geotab Inc. (Canada), Bridgestone Corp. (Japan), Daimler Fleetboard GmbH (Germany), Michelin (France), Samsung Electronics Co. Ltd. (South Korea), Omnitracs LLC (United States), Microlise Group Ltd. (United Kingdom), Trimble Inc. (United States), Continental AG (Geermany) and Verizon Communications Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are ActSoft, Inc. (United States) and MiX Telematics (Sout Africa).
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Fleet Telematics Systems market by Type, Application and Region.
On the basis of geography, the market of Fleet Telematics Systems has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Fleet Type, the sub-segment i.e. Commercial Fleets will boost the Fleet Telematics Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Services, the sub-segment i.e. Professional Services will boost the Fleet Telematics Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Solutions, the sub-segment i.e. Performance Management will boost the Fleet Telematics Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. In-Vehicle Devices will boost the Fleet Telematics Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Trend
- Increased Adoption of Cloud-based and Big Data Analytics Solutions
- Increased Penetration of the Internet Worldwide
Market Drivers
- High Benefits of the Fleet Telematics Systems such as Increased Safety, Reduced fuel costs, Minimise Insurance Costs, Decreased Maintenance Costs and Increased Productivity
- Increasing Adoption of Fleet Telematics in Various Industries to Raise Customer Service Standards, Boost Efficiency and Improve Revenue
Opportunities
- Increasing Adoption of Wireless Technology
- Stringent Government Rules and Regulations about Vehicles
- Growing Opportunities from Emerging Countries
Restraints
- Blind Spots in the Network Coverage
Challenges
- Increased Privacy and Security Threats
Key Target Audience
Fleet Telematics Systems Providers, Emerging Companies, Research Professionals and End-users
About Approach
During this study the evaluation and validation of the market size is done through various sources including primary and secondary analysis. AMA Research & Media follows industrial and regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
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