San Jose, California (PRWEB) July 11, 2012
Follow us on LinkedIn – Fleet management systems assist vehicle fleet operators in retaining a competitive edge in the highly complicated fleet management industry that is beset with issues such as rising operational costs, new government regulations on owner liability and driver safety, congested roads, vehicle breakdowns, mixed fleets and hazardous driving conditions. Currently, fleet managers are increasingly adopting fleet management systems having become aware of the fact that fleet management systems are the tangible aids for tackling a number of issues such as rising fleet maintenance costs, increasing fuel prices and newer legislations on safety and health risks. Vehicle tracking is the most sought after functionality of fleet management systems, followed by on-time delivery, driver accountability, and vehicle usage monitoring.
Growth in the global fleet management systems market is expected to be flat in the near term due to the lingering effects of the global economic meltdown. The prevailing volatility continues to be a cause of concern for various industries. In view of the continuing cost pressures, some fleet managers are looking to enhance operational efficiencies rather than placing orders for new vehicles. Few cost saving measures include data development, vehicle standardization and selector list consolidation among others. With investments becoming hard to come by, concerns continue to be raised over its impact on new technology adoption. As a result, several companies are likely to face both financial and organizational resource crunch in implementing fleet management solutions.
The recent global economic recession had a telling affect on public sector fleets. Tax revenues, the major source of funds for public fleets fell drastically during the recession, compelling public fleet operators to minimize operating and capital expenditures and cut down on existing workforce. Due to drastic cuts in budget allocations, public sector fleet operators minimized vehicle procurement and kept equipment and vehicles in service for a longer period of time. However, despite the prevailing economic uncertainty, sustainability and green fleets continue to rank high on the priority list of commercial fleets. Fleet operators continue to lay emphasis on lowering carbon footprint through effective management of fleet. As part of the green efforts, companies are focusing on the purchase of hybrid vehicles, opting for small class of vehicles, shifting to 4 cylinder engines from larger engines and adopting policies to minimize vehicle idling.
As stated by the new market research report on Fleet Management Systems, Europe represents the largest market. However, Asia-Pacific represents the fastest growing market and is expected to surpass the European market in terms of cumulative installed base of fleet management systems by the year 2018. A burgeoning automobile market, increasing focus on driver, goods and vehicle safety and growing need for streamlining vehicle fleet management are the main factors driving the Asia-Pacific fleet management systems market.
Fleet management systems market faces challenges due to the highly fragmented market conditions, which are likely to foster consolidation activity. Qualcomm Enterprise Services, XATA, and PeopleNet comprise the leading players in both North and Latin American fleet management systems markets. Major players profiled in the study include Qualcomm Enterprise Services, Automotive Resources International, Babcock International Group Plc, DigiCore Holding Group, Donlen Corporation, I.D. Systems, Inc., GE Capital Fleet Services, Masternaut UK Ltd., PHH Arval, Ryder System, Inc., TomTom Business Solutions, Trimble Navigation Limited, Wheels, Inc., and Zipcar, Inc.
The research report titled “Fleet Management Systems: A Global Strategic Business Report” announced by Global Industry Analysts, Inc., provides a comprehensive review of trends, issues, strategic industry activities, and profiles of major companies worldwide. The report provides market estimates and projections across geographic markets including the US, Canada, Europe, Asia-Pacific, Latin America, and Rest of World.
For more details about this comprehensive market research report, please visit –
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
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