Global Fleet Management System market to grow at a CAGR of 26.23% over the period 2015 - 2019; Finds New Report

Report forecast the Global Fleet Management System market to grow at a CAGR of 26.23 percent over the period 2014-2019.

A fleet management system is formed by the integration of hardware, software, and communication technologies. It provides a platform to fleet operators to efficiently control, track, and monitor commercial vehicles. They improve the overall operational efficiency by reducing the non-value-added activities of the operators. Fuel cards are used for fuel management while driver safety systems monitor driver behavior. Other solutions are employed for locational tracking of vehicles, driver navigation assistance, and ensuring that the operators meet the regulatory standards set by their respective national governments.

The Global Fleet Management System market can be divided into three segments based on the type of technology: Commercial Telematics Hardware, Software Components, and Connectivity Technologies. The major end-users of fleet management systems are specialist logistics companies in the Taxi Fleet Operator and Truck Fleet Operator sectors.

According to the lead analyst of this report,the growing popularity of green fleet management solutions is an emerging trend in the market. Stringent regulations in western countries are ensuring the impact of the business on the environment is minimal and organizations are also conscious of their own public image as an environmentally friendly company.

According to the report, the growing need among fleet operators to increase operational productivity is a key driver that is expected to boost the market growth in the next five years. Fleet operators suffer major cash crunches due to uncertain global economic scenario and to mitigate the effects of this macroeconomic downturn, they employ strategies so as to limit costs and maximize productivity.

Further, the report states that the high set-up costs incurred by fleet operators when incorporating fleet management systems is a major challenge. The capital expenditure incurred in acquiring telematics hardware and connectivity technologies and integrated software solutions is high, which makes it difficult for operators to invest in hi-tech fleet management systems.

Global Fleet Management System Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global Fleet Management Systems market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

This report covers the following companies as the key players in the Global Fleet Management Systems Market: Fleetmatics Group Ltd., TeleNav Inc., TomTom International BV and Trimble Navigation Ltd.

Other Prominent Vendors in the market are: Alphabet, ARI, Arvento Mobile Systems, Astrata, Autotrac, Autovision Wireless, Blue Tree Systems, BSM Wireless, Cadec Global, CarrierWeb, Celtrak, Chevin, Digicore, DriverTech, E-drive Technology, FieldLogix, FleetCor Technologies, Fleetio, Garmin International, GPS Integrated, GPSTrackIt, GreenRoad, I.D. Systems, Inosat Global, Intelligent Mechatronic Systems, Isotrak, Ituran, LoJack, Microlise, Mix Telematics, Mobileye, Navman Wireless and Omnitracs.

Key Regions

• Americas
• APAC
• EMEA

Key Market Driver

• Need to Enhance Operational Productivity
• For a full, detailed list, view our report

Key Market Challenge

• High Set-up Cost of Fleet Management Systems
• For a full, detailed list, view our report

Key Market Trend

• Popularity of Green Fleet Management Solutions
• For a full, detailed list, view our report

Key Questions Answered in this Report

• What will the market size be in 2019 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 76 pages, “Global Fleet Management Systems Market 2015 - 2019” report covers the Executive Summary, List of Abbreviations, Scope of the Report, Market Research Methodology, Introduction, Market Landscape, Market Segmentation by Technology, Geographical Segmentation, Buying Criteria, Market Growth Drivers, Drivers and their Impact, Market Challenges, Impact of Drivers and Challenges, Market Trends, Trends and their Impact, Vendor Landscape, Key Vendor Analysis.

For further information on this report, please visit- http://mrr.cm/4pP

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