Fleet Management System Market Scope
Fleet management enables organizations to track and manage their vehicles in a quick, cost-effective, and accessible way by providing real-time vehicle monitoring and data transmission for faster response and delivery. Fleet management system minimizes the risks related to vehicle financing, improving efficiency, vehicle telematics, productivity and reducing the entire transportation and workforce costs. It ensures effective management of fleets through the deployment of advanced technologies such as Radio-Frequency Identification (RFID). Global Positioning System (GPS), communication sensors and others. Fleet management system market is growing owing to the integration of cloud computing in fleet management software and increasing government initiatives towards fleet management. According to AMA, the Global Fleet Management System market is expected to see growth rate of 15.98%
Fleet management system market is highly competitive owing to ongoing technological developments in the fleet management industry. The number of players is present in the market hence fragmented nature of the market. Further, companies are focusing on the development of a green fleet management system to reduce the environmental impact expected to boost the market. Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Fleet Management System market throughout the predicted period.
AT&T (United States), Donlen Corporation (United States), Geotab (Canada), LeasePlan USA (United States), Masternaut Limited (United Kingdom), Merchants Fleet Management (United States), Omnitracs (United States), TomTom N.V. (Netherlands), Cisco Systems, Inc. (United States), Teletrac Navman (United States), Trimble (United States), Verizon Telematics (United States), Wheels, Inc. (United States) and WorkWave (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Fleetmatics Group Plc (United States), Fleet Operator Recognition Scheme (United Kingdom), Freeway Fleet Systems (United Kingdom), Telogis (United States) and ELOKON Group (Germany).
The study have segmented the market of Global Fleet Management System market and Region with country level break-up.
On the basis of geography, the market of Fleet Management System 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).
The emergence of Vehicular Communication Technologies and Increasing Adoption by Organizations to Improve Operational Efficiency
Market Growth Drivers:
Emphasizing On Cloud Computing For Streamlining Fleet Management System, Stringent Rules for Electronic Logging Devices (ELD) and Government Initiatives towards Fleet Tracking & Maintenance
Lack of Network Infrastructure in Emerging Countries and Complexity in Deployment Model for Fleet Management System
Data Privacy and Security Concerns Regarding Fleet Management System and High Initial Capital Investment Associated To Fleet Management System
Development in Green and Smart Fleet Management System and Technological Advancements in Networking Technologies
29th January 2019, ELOKON Group, suppliers of safety and assistance systems for the intralogistics sector launches smartphone-based forklift fleet management system. and 22nd January 2019, the Fleet Operator Recognition Scheme (FORS) launches a mobile-based Fleet Management System (FMS) application for IOS and Android compatible devices.
Key Target AudienceCloud Service Providers, Compliance Regulatory Authorities, Government Agencies, Information Technology (IT) Companies, Investors and Venture Capitalists (VCs), System Integrators, Value-Added Resellers (VARs) and Distributors, Third-Party Logistics Providers, Research and Development Companies, Market Research and Consulting Firms, Government Agencies and Others
About ApproachThe research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.