Dublin, Nov. 30, 2015 (GLOBE NEWSWIRE) -- Research and Markets (http://www.researchandmarkets.com/research/wt89dz/global_fleet) has announced the addition of the "Global Fleet Management Systems Market 2015-2019" report to their offering.
The Global Fleet Management System market to grow at a CAGR of 26.23% 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. The report also includes a discussion of the key vendors operating in this market.
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.
Key Vendors
- Fleetmatics Group
- TeleNav
- TomTom International
- Trimble Navigation
Other Prominent Vendors
- 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
- Omnitracs
- Onixsat
- Pedigree Technologies
- Redtail Telematics
- Reltima
- RTA Fleet
- Sascar
- Telogis
- Trafficmaster
- Transcore
- Transics
- USA Fleet Solutions
- Verizon Networkfleet
- Vestigo
- Zonar Systems
For more information visit http://www.researchandmarkets.com/research/wt89dz/global_fleet