London, 27 February 2015 – The growing need among fleet operators to increase operational productivity has resulted in the growth of the Global Fleet Management Systems Market, which will post a CAGR of 26.23 percent from 2014-2019, says research firm TechNavio.
About the Report
According to the latest report by TechNavio, a rise in vehicle and fuel prices has increased fleet operating costs and affected profit margins in the logistics and cab business, which has boosted demand for high operational efficiencies in the industry.
“An industry benchmark productivity increase of about 20 percent per vehicle has been achieved by employing high-end fleet management systems,” says Faisal Ghaus, Vice President of TechNavio.
The new TechNavio report also emphasizes the growing popularity of green fleet management solutions worldwide. Stringent regulations in western countries are aimed at lessening the impact of the business on the environment, which is affecting the overall market growth.
“Organizations have become conscious of their public image as an environmentally friendly company, which is certainly going to impact the market in the coming years,” says Ghaus.
Furthermore, fleet management systems are gaining popularity in the transportation of perishable goods, as these systems help monitor field resource activities.
Key Information Covered in the Report:
Market segmentation, size and forecast through 2019
Market Growth Drivers:
- Need to Elevate Operational Productivity
- For a full detailed list, view our report.
Market Challenges:
- High Set-up Cost of Fleet Management Systems
- For a full detailed list, view our report.
Market Trends:
- Popularity of Green Fleet Management Solutions
- For a full detailed list, view our report.
Key Vendors:
- Fleetmatics Group Ltd.
- TeleNav Inc.
- TomTom International BV
- Trimble Navigation Ltd.
Other Prominent Vendors:
- Alphabet
- Blue Tree Systems
- Cadec Global
- CarrierWeb
https://www.technavio.com/%3Cp%3E%3Cstrong%3E%3Ca%20href%3D%22http%3A//ww…
