What is Fuel Monitoring Software Market?
Fuel monitoring software used for petrol stations intended for the provision of control over technological processes and forecourt equipment (fuel dispensers, ATG systems, price boards, car washes, others), automated measurement and commercial account at petroleum products, provision of sales of retails products using various payment forms, automated reporting over petrol station operation history during a selected period of time and other purposes. The factors such as High Benefits of Fuel Monitoring Software such as Increased Work Efficiency, Cost Management and Perfect Solution for Prevention of Fuel Theft are the drivers for the global Fuel Monitoring Software market. In addition, Increased Adoption of Cloud-Based Solutions also fueling the growth of the market.
The market study is being classified and major geographies with country level break-up.
OPW Fuel Management Systems Inc (United States), The Triscan Group (United Kingdom), Franklin Fueling Systems (United States), Wayne Fueling Systems LLC (United States), Guduza System Technologies (South Africa), Banlaw (Australia), Dover Fueling Solutions (United States), Satcop (India), Traxroot(United States) and Sigma Software (Canada) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Transpoco (Ireland) and Fleetroot (India).
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 predicts that United States Players will contribute to the maximum growth of Global Fuel Monitoring Software market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Fuel Monitoring Software market by Type, Application and Region.
On the basis of geography, the market of Fuel Monitoring Software 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- High Benefits of Fuel Monitoring Software such as Increased Work Efficiency, Cost Management
- Perfect Solution for Prevention of Fuel Theft
- Increased Adoption of Cloud-Based Solutions
- Technological Complexities Associated with Fuel Monitoring Software
- Increased Applications of Fuel Monitoring Software
- Growing Demand from End-users
- Lack of Skilled IT Professionals
In September 2020, Dover Fueling Solutions, a part of Dover and a leading global provider of advanced customer-focused technologies, services and solutions in the fuel and convenience retail industries, announced the launch of a brand-new addition to its family of fuel management products, the DFS DMP Probe. DMP probe provides continuous, highly accurate readings of liquids from inside fuel tanks.
Key Target AudienceFuel Monitoring Software Developers, Emerging Companies, Research Professionals and End-users
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