Strong Communication Network Provides Opportunity for Growth in Fleet Management Market

Big Market Research recently added a latest report, titled, “Fleet Management Market Opportunity and Forecast, 2014–2022”. The study offers an in-depth analysis of the industry along with its dynamics that help to know-how the present market scenario. It includes several factors, such as drivers, restraints, and key vendors of the industry.

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The experts in the fleet management market report provide the insight into the research methodology adopted to study the industry. It incorporates primary and secondary research to examine it. It provides the market overview in terms of its definition, scope, and key findings. To analyze the competitive spirit among the significant market players, the analysts use Porter’s Five Force Analysis (PFFA). The analysts studied various aspects that cause competition among the market players, such as moderate power to bargain by the customers, modest bargaining power of the producers, and presence of large numbers of vendors. The research offers discussion on market dynamics. It helps to explore the driving factors of the industry, such as rise in concern about the fleet safety, requirement of high operational competence, and strict regulations by the governments. It also highlights the reasons that restraints the market, such as sensitivity towards cost by the local vendors. In addition, it elucidates the opportunities that prevail in the industry, such as growth in vehicle substitution market, strong communication network, and rise in global trade of good & services.

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The report classifies the fleet management market into communication technology, component, regions, and vehicle type. Based on the component, the industry is split into services and solutions. Services is further classified into claim inspection services, after-sales services, customer relationship management, and follow up services. Moreover, the solution is categorized into driver management, operation management, and asset management. Based on geography, the market is distributed into Latin America Middle East and Africa (LAMEA), North America, Asia-Pacific, and Europe. The communication technology bifurcates the industry into cellular system and global navigation satellite system (GNSS).

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The report discusses the industries served by the fleet management market, such as government, retail, automotive, and logistics & transportation. It classifies the vehicle types of the industry into light commercial vehicle, heavy commercial vehicle, watercraft, railway, and aircraft. The experts include prominent manufacturers in the study based on firm’s overview, snapshot, strategies, and business performance. Furthermore, it also highlights significant strategies adopted by the companies. The market players included in the research are At&T Inc., Cisco Systems, Inc., Fleetmatics Group Plc, Freeway Fleet Systems, I.D. System, Ibm Corporation, Mitac International Corporation, Navico, Tomtom N.V., and Telogis.
The study of fleet management market offers its market overview. It provides detailed information about each segment of the industry. It enables vendors, investors, and new entrants to understand the consumer’s requirements. It assists them to identify the possible ventures. The analysts studied it based on present market trends, growth characteristics, opportunities, and size. They estimated the forecast scenario of the industry in the report.

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