Report Explores the Fleet Management Market Latest Trends and Insights by 2024
Fleet management refers to a vast array of telematics solutions designed primarily to empower commercial fleet-based organizations to increase profitability and become more sustainable by bringing a substantial reduction in fuel consumption, tracking average idling times per vehicle, providing better visibility about the performance of the vehicle and driver, mitigating overtime payouts, and a myriad of other benefits. Typical fleet management solutions incorporate features such as satellite positioning, data logging, and connectivity to a central network for real-time data transfer and data communication.
View TOC for this Market Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=T&rep_id=10673
Over the past many years, the global fleet management market has witnessed a steady rise in adoption of fleet management solutions on a global front and the introduction of technologically advanced, more sophisticated solutions with new capabilities that go beyond the standard GPS tracking capabilities. The major factors that have led to the increased adoption of fleet management solutions include the rising awareness of the vast benefits of fleet management systems, volatile fuel prices, rising concerns regarding CO2 emissions produced by the transportation industry and the subsequent implementation of several stringent emission-related regulations, and the need to properly manage the increasingly complex operations of commercial fleet-based companies.
The report on fleet management market presents a detailed overview of the market and analyzes its crucial segments, on a global as well as regional fronts. The report includes vast qualitative and quantitative facts about the key market elements, collected through primary and secondary research methodologies and narrowed down with the help of industry-best analytical methods.
Global Fleet Management Market: Key Trends and Opportunities
The global fleet management market is steadily making a shift from the dominance of standalone fleet management systems to subscription-based systems, which were earlier adopted mainly by small- and mid-sized companies. Cloud-hosted services based on recurring, usage-based service fees are emerging as the most popular choices among large-scale commercial fleet-based organizations as well.
Many established international commercial fleet vehicle manufacturers have started offering core telematics features as a part of the vehicles. Companies such as Volvo, Mercedes, Renault, and Scania are offering sophisticated fleet management systems in their new generation fleet vehicles in certain regional markets. Due to the rapid proliferation of high-speed internet, wireless connectivity mediums have become more approachable, and fleet-based companies have become more receptive of technological advancements. Especially in developing regions, the demand for fleet vehicles with inherent telematics capabilities would substantially rise worldwide.
Fill the form to gain deeper insights on this market @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=10673
Global Fleet Management Market: Region-wise Outlook
Developed regions such as Europe and North America are currently the dominant regional markets for fleet management. Adoption of a variety of fleet management systems in these regions is driven by the highly developed and vast expanse of wireless communication networks, several strict traffic regulations that mandate the installation of a variety of fleet management systems on fleet-based as well as consumer vehicles, and the high level of awareness among commercial fleet-based operators.
The increased availability of economic fleet management services through the cloud deployment medium is a major factor that would boost their adoption among small- and medium-sized fleet-based operators in the developing economies of Asia Pacific and Rest of the World. However, the limited proliferation of wireless communication networks and lack of technical know-how regarding advanced fleet management systems among drivers are the factors restraining the fleet management market in these regions.
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
USA - Canada Toll Free: 866-552-3453
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Report Explores the Fleet Management Market Latest Trends and Insights by 2024 here
News-ID: 733842 • Views: 166
More Releases from Transparency Market Research
Potassium Bicarbonate Market Technological breakthroughs, Value chain and stakeh …
Overview TMR’s report on the Potassium Bicarbonate Market is an all-important tool for stakeholders in their pursuit to discover avenues for innovation, and further undertake strategic planning for the launch of products and services. Our research report on the Potassium Bicarbonate serves as a valuable guide for stakeholders. The report deep dives into demand drivers, challenges, and opportunities that are likely to influence the Potassium Bicarbonate over the forecast period. These indicators help businesses
Liquid Analytical Instruments Market Global Market Opportunity Assessment Study …
Overview TMR’s report on the Liquid Analytical Instruments Market is an all-important tool for stakeholders in their pursuit to discover avenues for innovation, and further undertake strategic planning for the launch of products and services. Our research report on the Liquid Analytical Instruments serves as a valuable guide for stakeholders. The report deep dives into demand drivers, challenges, and opportunities that are likely to influence the Liquid Analytical Instruments over the forecast period. These
Boron Oxide Market Growth Prospects, Trends and Forecast up to 2023
Overview TMR’s report on the Boron Oxide Market is an all-important tool for stakeholders in their pursuit to discover avenues for innovation, and further undertake strategic planning for the launch of products and services. Our research report on the Boron Oxide serves as a valuable guide for stakeholders. The report deep dives into demand drivers, challenges, and opportunities that are likely to influence the Boron Oxide over the forecast period. These indicators help businesses
Hydrochloric Acid Market to Witness a Pronounce Growth During 2016 - 2024
Overview TMR’s report on the Hydrochloric Acid Market is an all-important tool for stakeholders in their pursuit to discover avenues for innovation, and further undertake strategic planning for the launch of products and services. Our research report on the Hydrochloric Acid serves as a valuable guide for stakeholders. The report deep dives into demand drivers, challenges, and opportunities that are likely to influence the Hydrochloric Acid over the forecast period. These indicators help businesses
More Releases for Fleet
Automotive Fleet Market 2017 - 2025
Press Release – 17 Dec 2018 Research and Development News -- . . Latest Update "Automotive Fleet Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025" with Industries Survey | Global Current Growth and Future. ' ' Companies are strategically utilizing their fleet of vehicles as a means to gain public exposure by placing logos and advertisements on each vehicle. Increasing technological advancements such as vehicle-to-vehicle connectivity, also known
Fleet Management Market Size
According to a new report Global Fleet Management Market, published by KBV research, the Global Fleet Management Market size is expected to reach $31.7 billion by 2023, rising at a market growth of 19% CAGR during the forecast period. The Asia Pacific market holds the largest market share in Global Asset Management Solution Market by Region in 2016, and would continue to be a dominant market till 2023; growing at a
Global Smart Fleet Management Market Real-time fleet monitoring
The smart fleet management market is moderately fragmented due to the presence of well-diversified global and regional vendors. International players have competence over smaller players in terms of features and price. The competitive environment is intensified due to widening product extensions, technological innovations, and M&A. FMS providers adopt inorganic growth strategies by acquiring regional or local players. To attain competitive advantage in the car tracking device market, the players must
IoT Fleet Management Market by Fleet Type, Platform, Region - 2022
Qyresearchreports include new market research report "Global IoT Fleet Management Market Size, Status and Forecast 2022" to its huge collection of research reports. The market study on the global IoT Fleet Management market is an all-inclusive business and commerce publication, prepared by seasoned research analysts with primary objectives to analyze crucial market aspects for the IoT Fleet Management forecast timeframe. Prepared using industry-best analytical tools such as Porter’s five forces and
Fleet software comm.fleet: Effective cost control for fleet managers
Relief for fleet managers: identify the cost drivers of the company and take appropriate actions with the fleet management software comm.fleet The adoption of a multifunctional controlling system is an indispensable prerequisite for an effective and systematic management of all company fleet costs. Be it a question of planning enhancement and control, budgeting coordination or the execution and analysis of a target-performance comparison with the purpose of a perfect fleet administration,
Fleet Specialisation-Cover 4 Fleet Insurance Investigate Future Fleet Trends
Victoria, London ( openpr ) June 10, 2011 - Economically driven by the need to immerse their resources in core activities, companies will turn to fleet outsourcing options. Even in the case of fleet contract hire, there are case studies which are dramatic in the current economic environment. Take the case study of Fraikin , which was originally established in France in 1944 and is today the biggest commercial