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

  • A carbon free and accident free Europe by 2015?
    February 2, 2012
    By 2050, the Europe Commission aims to make transport in Europe carbon- and accident-free. Between now and then, however, a significant technological development and deployment effort is needed. Here, Neelie Kroes, European Commission Vice-President for the Digital Agenda, talks about what's being done. In many respects, COOPERS, CVIS and SAFESPOT, set up by the European Commission (EC) to explore the potential of cooperative infrastructure systems, are already legacy projects. Between them, the three devel
    Read More
  • Authorities select enforce now, pay later option
    October 19, 2015
    Outsouring of enforcement services is on the increase internationally as highway and traffic authorities seek further support in resources and expertise from the private sector. Jon Masters reports. Signs of a significant company making moves into a new market can usually be read as indication of likely growth in that particular sector. Q-Free’s expansion from tolling operations into general traffic enforcement could be viewed as surprising as it is moving into what are relatively mature and consolidating m
    Read More
  • New ETI report highlights technologies to cut carbon emissions in shipping
    January 24, 2017
    The Energy Technologies Institute (ETI) has published a new report in which it highlights affordable measures and technologies that could be taken to reduce the fuel consumption and carbon emissions from shipping. The International Maritime Organisation has stated that maritime emissions could rise by up to 250 per cent by 2050 compared to 2011 levels unless action is taken. According to ETI, eliminating fossil-fuels for shipping does not appear credible in the next few decades; it believes the best
    Read More
  • More than 35 million electric vehicles on the world’s roads by 2022
    January 13, 2014
    According to a new report from Navigant Research, by 2022 there will be more than 35 million electric vehicles (EVs) on roads worldwide. The report, “Electric Vehicle Market Forecasts”, provides forecasts, market sizing, and market share analysis for the overall light-duty (LD) vehicle market and LD EVs, plug-in hybrid EVs, and battery EVs.
    Read More

Highlighted Content