Fleet Manage System Market Scope
Fleet manage system refers to management of motor vehicles. There are various functions of fleet management systems such as vehicle financing, maintenance, telematics (tracking and diagnostics), driver management, speed management, fuel management and health and safety management. Government Compulsion of Electronic Logging Device (ELD) Implementation will help to boost global fleet manage system management.
According to AMA, the Global Fleet Manage System market is expected to see growth rate of 17.8%
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Fleet Manage System market throughout the predicted period.
AT&T (United States), Donlen Corporation (United States), IBM Corporation (United States), Geotab (Canada), Tomtom NV (Netherlands), LeasePlan USA (United States), Masternaut Limited (United Kingdom), Merchants Fleet Management (United States), Omnitracs (United States) and Teletrac Navman (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Trimble (United States), Verizon Telematics (United States), Wheels, Inc. (United States), WorkWave (United States), Cisco Systems Inc. (United States), CTRACK (An Inseego Corp. Company) (South Africa), I.D. Systems (United States) and Mix Telematics (United States).
The 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 total available market.
The study have segmented the market of Global Fleet Manage System market by Type (Operations Management, Information Management, Risk Management, Vehicle Maintenance & Leasing and Safety & Compliance Management), by Application (Logistics and Transportation and Public Transportation) and Region with country level break-up.
On the basis of geography, the market of Fleet Manage 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).
Market Leaders and their expansionary development strategies
On 6th March 2018, Verizon Connect combined the three fleet and mobile workforce management software industries such as Fleetmatics, Networkfleet and Telogis. This combination of companies will deliver keys that supports drive safety, productivity, and efficiency for customers.
On 8th March 2018, Donlen (the fleet industry’s most customer-centric as well as technically integrated distributors of financing and fleet management solutions) has released Recall inSIGHT.
- Rising Dependency on Cloud Computing in Fleet Management
- Adoption of Wireless Technology
- Government Compulsion of Electronic Logging Device (ELD) Implementation
- Upsurging Demand of Logistics and Transport
- Rising Need of operational efficiency in fleet owning organizations
- Growing International Trades
- Rising Usage of Reed sensors in Developing Nations
- High cost
- Growing Data Volume Leads to Cyber Threats
- Fuel Price Fluctuations
- Increasing Concern Regarding Driver Safety
Key Target AudienceFleet Management Service Providers, Cloud Service Distributors, Information Technology Industry, Value-Added Resellers, Third-Party Logistics Providers, Government Regulatory Bodies, Government Research Organizations, Private Research Organizations and Others