Growth at a CAGR of 8.10% in the Smart Fleet-on-Board Devices Market during the forecast period (2018 - 2023)| Key Vendors - TELEVIC GROUP, XEROX CORPORATION, TRAPEZE GROUP, INIT AG, UTA, CUBIC TRANSPORTATION SYSTEMS, ACOREL, EUROTECH amongst others

Market Analysis:

North America to account for a Major Share
North American fleet management has developed over the past few years due to adoption of various techniques, of which the on-board devices played a pivotal role. Moreover, increased spending in smart transportation solutions in the region, specifically in the US, will also result in growth of the market. Furthermore, the region is also a prominent player in smart ticketing solutions, which has led to the growth of the market in the region.

Detailed Sample Copy of Updated Analysis @ https://marketprognosis.com/sample-request/16379
Note: “If this link doesn’t work in Internet Explorer, kindly try pasting it in other browsers.”

The efficient transportation system needs route scheduling, timetable and data analysis of fleet systems to uplift the market growth. The use of smart phones and smart devices provides great growth opportunity to the fleet on-board devices for the coming years. Using GPS and GSM/GPRS location technology vehicles can be tracked and managed securely in real-time through a computer, tablet, or smartphone. In terms of analysis, data collected through AVL, APC, and ticketing solution is crucial. Rising number of transportation and technology advancements in ticketing devices are the major factors boosting the global smart fleet on-board devices market. At the same time, smart technology usage in logistics worldwide is helping the market to grow. However, data security is an issue, which shows up as a market difficulty.

Request Discount on this report @ https://marketprognosis.com/discount-request/16379
Note: “If this link doesn’t work in Internet Explorer, kindly try pasting it in other browsers.”

Market Segments:
Smart Fleet-on-Board Devices Market is segmented by:
1. Devices: AVL, APC, Ticketing Solution
2. Technology: GPS, GSM/GPRS
3. Solution: Vehicle Tracking, Vehicle Diagnostics, Vehicle Performance, Others
4. Application: Buses, Trains, Others
5. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

Key Developments in the Market
•October 2017 - Cubic Corporation’s Cubic Transportation Systems (CTS) business division was selected by the New York Metropolitan Transportation Authority (MTA) to replace the iconic MetroCard with a proven, next-generation fare payment system similar to that used on the bus, Tube and rail services operated by Transport for London (TfL).

Enquiry before Buying @ https://marketprognosis.com/enquiry/16379
Note: “If this link doesn’t work in Internet Explorer, kindly try pasting it in other browsers.”

About Market Prognosis
We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today's complex and competitive marketplace through our quantitative & qualitative research methods.
We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
We believe in delivering actionable insights for your business growth and success.

Contact us:
ProgMark Pvt Ltd,
Thane - 421501
India.
Contact No: +1 973 241 5193
Email: sales@marketprognosis.com

This release was published on openPR.