TechNavio recognizes the following companies as the key players in the Global Fleet Management System Market: Fleetmatics Group Plc. Qualcomm Inc., Trimble Navigation Ltd., and TomTom International BV.
Commenting on the report, an analyst from TechNavio’s team said: “Since the market is being affected by high operational costs, rising fuel prices, and difficulties in gaining adequate return on investment, fleet management system vendors are developing innovative offerings for their customers. In addition, to enhance the driving experience of end-users, vendors are developing technologically advanced products that give additional information to the driver, such as data analysis that can help modify the driving style of the driver, and increase the fuel efficiency.”
According to the report, companies such as Fleetmatics and Qualcomm have provided fleet management systems to more than 300,000 vehicles in 2012. The number of fleet operators using fleet management systems in their vehicles is increasing rapidly. Fleet operators are continually expanding their fleet size, which is driving the growth of the Global Fleet Management System market. In addition, vendors are also selling other products such as fuel cards, GPS navigation devices and third party complimentary devices, which is further driving the growth of the Global Fleet Management System market.
Further, the report states that the increase in the price of raw materials is increasing the overall cost of trucks. Further, increasing fuel prices is also impacting the total operating cost of fleet vehicles. Hence, fleet operators are trying to cut down costs and in an attempt to do so are reducing the expenditure on fleet management systems. They are using old systems without updating them or are delaying the process of buying new and updated fleet systems. This is proving to be a challenge for the growth of the Global Fleet Management System market.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Trafficmaster Ltd., Masternaut Ltd., and Telogis Inc.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-fleet-management-system-market-20…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/automotive-and-aerospace
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TechNavio Announces the Publication of its Research Report -Global Fleet Management System Market 2012-2016
