Major Key players in Fleet Management Market are Accenture, Motorola Solutions, TomTom, Qualcomm, Masternaut, Trimble Navigation Ltd., Garmin International, Fleetmatics, Pointer Telocation Ltd, Verizon Networkfleet, among others.
(PRWEB) August 31, 2014
According to new research study on the "Fleet Management Market (Fleet Analytics; Vehicle Tracking & Fleet Monitoring; Telematics; Vendor Services), By Vehicles (Trucks; Light Goods; Buses; Corporate Fleets; Container Ships; Aircrafts) Worldwide Market Forecasts and Analysis – 2018", which analyzed and studied the major market drivers, restraints, and opportunities in North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa.
Browse 102 market data tables and 42 figures spread through 211 pages and in-depth TOC on “Fleet Management Market”.
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The report analyzes market sizes and revenue forecasts across different regions. The report also draws the competitive landscape of the fleet management market, providing an in-depth comparative analysis of the technological and marketing strategies that the key players are adopting in order to gain an edge over their competitors. The study observes that the fleet management market expected to grow from $10.91 Billion to $30.45 billion by 2018, at a Compound Annual Growth Rate (CAGR) of 22.8%.
This MarketsandMarkets report provides key insights into the market dynamics, industry trends, and adoption trends in the fleet management market. It explores business potential of fleet management solutions across varied industry verticals such as academia, government and waste management, public transport, utilities, retail, logistics, construction, mining, oil, gas and chemicals, service sectors, and others. The report talks about revenues expected from the fleet management solutions and services offered to different types of vehicles.
Fleet management is about smartening the fleet vehicles operations. Intelligent fleet management solutions based on technologies such as Global Positioning system (GPS)-based telematics are helping fleet operators to enhance operational efficiencies in terms of improving vehicle performance and mileage, enhancing operational reliability and safety, maintenance planning, driver control, and optimizing navigation and routes. The growing competitiveness among the transportation service providers, CO2 emission control norms, and rising fuel prices are making the Fleet Management System (FMS) an essential component for the business operation of the fleet vehicle operators.
The number of vehicles is increasing globally with a major boom in the emerging economies; this has a positive impact on the fleet management industry. Asia-Pacific expected to exhibit the highest growth rate in the market revenue out of the various regional markets. There are also government endeavors to mandate the incorporation of GPS tracking features in all the new vehicles to be sold and operated in their specific regions, which clearly shows the opportunities for fleet management business growth. Organizations from public transport, service sectors, logistics, and retail industries expected to bring huge business opportunities for the fleet management vendors.
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