Global fleet management system market 2012-2016

TechNavio's Global Fleet Management System Market 2012-2016 report forecasts that the fleet management system market will grow at a CAGR of 26.66 per cent over the period 2012 to 2016. One of the key factors contributing to this market growth is the expansion of fleet size of commercial vehicles. The global fleet management system market has also been witnessing an increasing number of in-vehicle technologies. However, the increasing operating cost of vehicles could pose a challenge to the growth of thi
March 12, 2014 Read time: 2 mins
TechNavio's Global Fleet Management System Market 2012-2016 report forecasts that the fleet management system market will grow at a CAGR of 26.66 per cent over the period 2012 to 2016.

One of the key factors contributing to this market growth is the expansion of fleet size of commercial vehicles. The global fleet management system market has also been witnessing an increasing number of in-vehicle technologies. However, the increasing operating cost of vehicles could pose a challenge to the growth of this market.

The increase in the number of vehicles globally with major boom from the emerging economies such as Asia-Pacific indicates the upcoming business opportunities for fleet management solutions. Environmental concerns, CO2 emission reduction norms, and fleet operators' need for operational efficiencies are expected to serve as major drivers for the fleet management market. The hardware and connectivity costs are decreasing which is again supporting the growth of the adoption of fleet management systems.

The report covers the market in the Americas, and the EMEA and APAC regions; it also covers the Global Fleet Management System market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market, including 1058 FleetMatics, 213 Qualcomm, 1692 TomTom International and 1985 Trimble Navigation, as well as 748 Masternaut, 1623 Telogis and Traffic Master.
Location Based Systems

Related Content

  • Insight into China's smart cities initiatives
    April 25, 2013
    Schneider Electric, which has been playing an active role in smart transportation systems in China since 1990, provides an insight into smart city initiatives in the country. Today, most cities across the world are facing unprecedented growth, which questions the viability of the current development model. They are immersed in a competition with each other, both domestically and internationally, in terms of investments, jobs and talents. Cities need to become more attractive and intelligent by becoming more
    Read More
  • Growth of South Africa’s installed base of fleet management systems
    December 24, 2015
    According to a new research report from the analyst firm Berg Insight, the number of active fleet management systems deployed in commercial vehicle fleets in South Africa was 0.9 million in Q4-2015. Growing at a compound annual growth rate (CAGR) of 10.8 percent, this number is expected to reach 1.5 million by 2020.
    Read More
  • ANPR - cost-efficient traffic management, enforcement and more
    January 23, 2012
    Geoff Collins of Vysionics Intelligent Traffic Solutions talks about the near-term prospects of ANPR. The continued absence of a champion for its cause is preventing digital enforcement technology from delivering the true levels of cost-effectiveness of which it is capable, according to Geoff Collins, sales and marketing director of ANPR specialist Vysionics Intelligent Traffic Solutions.
    Read More
  • Fitch: Solid growth to continue for US transportation
    April 21, 2016
    US financial research organisation Fitch Ratings has released its spring US Transportation Trends report which indicates that growth will remain healthy for all three US major transportation sectors (airports, ports and toll roads) this year. Commenting on toll roads, Fitch notes that low fuel prices have boosted growth in traffic (6.6 per cent) and revenue (8.3 per cent) since the second half of 2015. The south-east and south-west US have and will continue to lead in traffic performance. The higher rate
    Read More

Highlighted Content