London, 27 August 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Fleet Management Systems Market in the Americas 2014-2018, which is expected to post a CAGR of 16.57 percent during 2014-2018.
A fleet management system is an interface to manage commercial vehicles. It tracks vehicles in real-time and monitors them, advises the driver about the route, ensures safety, and improves the operational efficiency of the fleet. These systems also help in the timely delivery of goods, and include driver accountability.
“Fleet operators are increasingly focusing on regulating their work environment, and are closely monitoring fleet vehicles and behavioral patterns of drivers,” says Faisal Ghaus, Vice President of TechNavio.
“The market scenario is changing in favor of fleet management systems. There are regulations preventing the entry of foreign players into the market and the existence of tax rebates has led to a boom in vehicle sales, which could fuel the market for fleet management systems.”
Key Market Drivers
- Demand for Operational Efficiency
- Use of Software in Fleet Management Services
- Data Management
Key Market Trends
- Advances in Technology
- Change of Scenario in Latin America
- Regulating the Work Environment
- Collaboration with Third-party Vendors for Products and Services
Key Market Vendors
- Fleetmatics Group plc
- Telenav Inc.
- TomTom International BV
- Trimble Navigation Ltd.
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
