Press release
Fleet Management System Market to Set Phenomenal Growth from 2018 to 2025| Key Players: AT&T, Donlen
Fleet Management System
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Summary
Industry Background:
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.The market for Fleet Management System is expected to register a CAGR of 15.98% during the forecast period to 2023. This growth is primarily driven by Emphasizing On Cloud Computing For Streamlining Fleet Management System , Stringent Rules for Electronic Logging Devices (ELD) and Government Initiatives towards Fleet Tracking & Maintenance.
Globally, a noticeable market trend is evident The emergence of Vehicular Communication Technologies . Major Players, such as 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) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
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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.
Market Trend
• The emergence of Vehicular Communication Technologies
• Increasing Adoption by Organizations to Improve Operational Efficiency
Market Drivers
• Emphasizing On Cloud Computing For Streamlining Fleet Management System
• Stringent Rules for Electronic Logging Devices (ELD)
• Government Initiatives towards Fleet Tracking & Maintenance
Challenges
• Lack of Network Infrastructure in Emerging Countries
• Complexity in Deployment Model for Fleet Management System
Opportunities
• Development in Green and Smart Fleet Management System
• Technological Advancements in Networking Technologies
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Major Highlights of TOC:
Chapter One: Global Fleet Management System Market Industry Overview
1.1 Fleet Management System Industry
1.1.1 Overview
1.1.2 Products of Major Companies
1.2 Fleet Management System Market Segment
1.2.1 Industry Chain
1.2.2 Consumer Distribution
1.3 Price & Cost Overview
Chapter Two: Global Fleet Management System Market Demand
2.1 Segment Overview
2.1.1 APPLICATION 1
2.1.2 APPLICATION 2
2.1.3 Other
2.2 Global Fleet Management System Market Size by Demand
2.3 Global Fleet Management System Market Forecast by Demand
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