Dublin, Jan. 11, 2018 (GLOBE NEWSWIRE) -- The "Global Smart Fleet Management Market 2018-2022" report has been added to Research and Markets' offering.

The global smart fleet management market to grow at a CAGR of 7% during the period 2018-2022

Global Smart Fleet Management Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

According to the report, one of the major drivers for this market is real-time fleet monitoring. Advanced fleet management software (FMS) connects the vehicle's onboard computer and acquire data such as vehicle mileage and fuel consumption for the user. FMS primarily acts as vehicle tracking component that is GPS-based and connects to cellular triangulation platform for data acquisition. Apart from GPS components, tracking capabilities transmit the necessary information, either through terrestrial and satellite tracking, that provides the users to view real-time locations. Also, highly developed vehicle telematics and fleet management systems collect real-time data for fleet and transport managers, to efficiently monitor and track the driver.

The smart fleet management market is moderately fragmented due to the presence of well-diversified global and regional vendors. International players have competence over smaller players in terms of features and price. The competitive environment is intensified due to widening product extensions, technological innovations, and M&A. FMS providers adopt inorganic growth strategies by acquiring regional or local players. To attain competitive advantage in the car tracking device market, the players must adopt new technologies and offer differentiated products.

Based on the transportation type the market can be segmented into roadways, railroad, marine, and aviation. The roadways transportation segments accounts for major shares of the car tracking device market due to the growing adoption of roadways for international and domestic transportation. FMS aid fleet companies in managing TCO and complying with stringent carbon emission regulations. Also, consumers are leasing out connected vehicles to effectively monitor vehicle health, driving behavior, and location.

The latest trend gaining momentum in the market is growing use of software in fleet management solutions. FM software accomplishes tasks such as tracking procurement costs, recording driver and vehicle details, measuring fleet performance through reports and charts, and scheduling maintenance and servicing tasks. SaaS-based model is gaining preference as it can be easily distributed via the Internet.

Market trends

  • Growing use of software in fleet management solutions and increasing popularity of cold chain transportation
  • Popularity of green fleet management solutions, fleet replacement, and lifecycle management
  • Increase in adoption of telematics and autonomous vehicles, and growing incorporation of electronic vehicles in company fleet

Key vendors

  • Bosch
  • Cisco
  • Continental
  • IBM
  • Siemens
  • TomTom

Other prominent vendors

  • Globecomm
  • ORBCOMM
  • Sierra Wireless
  • Trakm8

Key Topics Covered:

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Research Methodology

Part 04: Introduction

Part 05: Market Landscape

Part 06: Market Sizing

Part 07: Five Forces Analysis

Part 08: Market Segmentation By Type Of Transportation

Part 09: Customer Landscape

Part 10: Regional Landscape

Part 11: Decision Framework

Part 12: Drivers And Challenges

Part 13: Market Trends

Part 14: Vendor Landscape

Part 15: Vendor Analysis

Part 16: Appendix

For more information about this report visit https://www.researchandmarkets.com/research/ps9xkv/global_smart?w=12



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