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(Wireless-NewsWire.Com, August 15, 2018 ) Market Overview:-
Smart Fleet Management Market size is expected to gain momentum during the forecast timeframe owing to the rise in demand for fleet monitoring and real-time tracking to reduce the transportation cost. The increase in stringent government regulations pertaining to safety is expected to propel the demand for these systems.
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Smart fleet management systems market enables operators to keep a check on factors such as route management, fuel consumption, vehicle maintenance, and driver performance. These systems provide a dedicated server for fleet data and security in a single system, which is anticipated to increase the customer inclination toward these solutions. The adoption of this technology allows operators to monitor the driver behavior and measure maintenance costs. Furthermore, these systems ease the downloading of fleet data to analyze, measure, and make cost-effective decisions or enhance safety. For instance, managers can analyze the fuel efficiency of a vehicle based on the route opted. These factors are expected to drive the Smart Fleet Management Market during the forecast timeframe.
Top Key Players:-
Industry players in the smart fleet management market include Harman International Industries, Inc., Robert Bosch GmbH., Siemens AG, Denso Corporation, IBM Corporation, Continental AG, Cisco Systems, Inc., Sierra Wireless, Inc., Calamp Corp., OTTO Marine Ltd., Precious Shipping Co. Ltd., and Globecomm Systems, Inc. The presence of primarily big players characterizes the smart fleet management market.
Market share calculation in this report is not done based on companies covered in it. The calculation of smart fleet management market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
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Regional Segmentations: -
The technology providers are investing in developing solutions with special and customized features in the smart fleet management market. For instance, P&L Software, a firm based in the UK focuses on developing software for the waste management industry. The company has developed an integrated waste system that comprises a software suite with modules consisting of tailored features catering to specific customer requirements. Increasing government subsidies are attracting new companies that are entering this market.
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Based on connectivity, the smart fleet management market is classified as long-range communication, short-range communications, and cloud. With advancements in the cloud technology, the smart fleet systems vendors are focused on providing cloud solutions to the customers, owing to its reliability and better performance, compared to other connectivity modes. Based on solutions, the industry is segmented as vehicle tracking and fleet optimization. Fleet operators are increasingly leveraging the advent of Internet of Things by equipping vehicles with wireless technology to improve connectivity and scalability. This is anticipated to favor the growth of fleet optimization solutions, thus boosting the smart fleet management market.
The smart fleet management market in the Asia Pacific region is expected to grow at a remarkable pace owing to increasing stringency in regulations and rising transportation facilities in countries including India, China, and Japan. The governments in these countries are compelling the OEMs to implement these systems in vehicles owing to the changing approach toward the safety of drivers, passengers, fleet operators, and goods. Improving trade and socio-economic conditions in Thailand, Indonesia, and Malaysia have increased the demand for premium fleets with high safety features, thus positively impacting the smart fleet management market growth.
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