- Smart fleet management market is driven by the increasing demand for real-time tracking and fleet monitoring.
- Rising need for enhancing vehicle safety and stringent government regulations are also driving market growth.
- Fleet operators are increasingly equipping their vehicles with the wireless technology.
Smart fleet management systems allow fleet operators to track vehicles remotely using the GPS technology that helps in coordinating, managing, and simplifying transport/freight related activities. Smart fleet management systems simplify transport related activities and helps in minimizing the overall transportation costs through cost effective and optimum utilization of available resources.
Managing fleet of vehicles is a challenging task, especially with respect to concerns regarding safety of passengers and drivers. Along with this, imminent need to deliver excellent customer service and keep check on fuel costs is equally important. Smart fleet management solutions not only help operators to address these issues effectively, but also improve fleet performance and customer satisfaction.
Smart fleet management allows optimal monitoring and routing of a vehicle. Due to real time access to fleet status and fleet data, fleet operators can run efficient operations that can help improve the driver productivity. Advancements in technology resulting in increased internet connectivity has helped fleet operators to obtain information in real time and make informed decisions with respect to operational efficiency.
Additionally, smart fleet management systems help in downloading the fleet data to measure analyze, and enhance safety for making cost-effective decisions For instance, the fleet operators can measure the fuel efficiency of a vehicle in advance, based on the route that it has selected. Thus, smart fleet management systems increases effectiveness and efficiency of operator by reducing the overall transportation, workload, and staff costs.
Smart fleet management market is driven by the increasing demand for real-time tracking and fleet monitoring among fleet owners. In addition, rising need for enhancing vehicle safety and stringent government regulations promoting secure, efficient, and reliable transportation are collectively driving the market growth. Furthermore, growing trend towards mobile connectivity and connected car concept has enabled fleet owners to achieve high operational efficiencies, enhance vehicle safety, and optimize fleet operations.
With the advent of Internet of Things, fleet operators are increasingly equipping their vehicles with the wireless technology in a bid to improve and achieve seamless connectivity and scalability. These factors are collectively anticipated to favor demand for fleet optimization solutions over the forecast period (2018 – 2026)
The global smart fleet management market is segmented on the following bases:
- By Transportation
- Rolling Stock
- By Connectivity
- Short Range Communication
- Long Range Communication
- By Geography
- North America
- Rest of World
- Middle East & Africa
- Latin America
Key players identified in the smart fleet management market include but are not limited to:
CalAmp, Cisco, Continental AG, DENSO CORPORATION, Globecomm Systems Inc., HARMAN International, IBM, JUTHA MARITIME, ORBCOMM, Otto Marine Limited, Precious Shipping Public Company Limited, Robert Bosch GmbH, Siemens AG, and Sierra Wireless