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

For more information on companies in this article

Related Content

  • C/AVs could mean cheaper roads
    October 28, 2019
    The safety benefits of C/AVs have long been promoted – but research suggests they should also contribute to cheaper roads. David Crawford investigates the potential benefits in infrastructure costs Building narrower freeway lanes to accommodate the enhanced route-tracking capabilities of connected and autonomous vehicles (C/AVs), running in platoon conditions, could result in cost savings of £0.5 million (€0.56 million or US$6.5 million) for every km of road length built. Such benefits could be secur
    Read More
  • Growth in commercial drones to bring multiple benefits but also new risks
    September 20, 2016
    A new report from aviation insurer Allianz Global Corporate & Specialty (AGCS), Rise of the Drones: Managing the Unique Risks Associated with Unmanned Aircraft Systems, indicates that numbers of unmanned aircraft systems (UAS) to surge as they become smaller and cheaper. Whether used commercially for industrial inspections, aerial photography, border patrol, emergency deliveries and crop surveys or recreationally by millions, drones or unmanned aircraft systems (UAS) have the potential to become a multi-
    Read More
  • Mobile ticketing ‘to grow at a 51 per cent CAGR by 2021’
    May 18, 2016
    The latest Smart Insights report, Smart ticketing on the Path to Dematerialization, explores the dynamics and the specificities of the smart ticketing business. It anticipates that in spite of the growth of software and service based solutions, public transport operators will issue over one billion smart cards by 2021. According to this research, mobile ticketing is expected to experience a CAGR (compounded annual growth rate) of 51 per cent over the 2016-2021 period while the share of contactless and ma
    Read More
  • Advanced telematics and integration to revolutionise global connected car market
    May 22, 2015
    Advanced infotainment systems, over-the-air (OTA) updates, big data analytics, mobility services and in-car security are key technologies that will shape the global connected car market in 2015. Human machine interface (HMI) input and output solutions, as well as, heads up display (HUD) are set to take centre stage. However, car makers must create consumer-centric HMI solutions that will strike a balance between reducing driver distraction and meeting consumer need for connected services. New analysis f
    Read More

Highlighted Content