Fleet
management refers to a vast array of telematics solutions designed primarily to
empower commercial fleet-based organizations to increase profitability and
become more sustainable by bringing a substantial reduction in fuel
consumption, tracking average idling times per vehicle, providing better
visibility about the performance of the vehicle and driver, mitigating overtime
payouts, and a myriad of other benefits. Typical fleet management solutions
incorporate features such as satellite positioning, data logging, and
connectivity to a central network for real-time data transfer and data
communication.
Over
the past many years, the global fleet management market has witnessed a steady
rise in adoption of fleet management solutions on a global front and the
introduction of technologically advanced, more sophisticated solutions with new
capabilities that go beyond the standard GPS tracking capabilities. The major
factors that have led to the increased adoption of fleet management solutions
include the rising awareness of the vast benefits of fleet management systems,
volatile fuel prices, rising concerns regarding CO2 emissions produced by the
transportation industry and the subsequent implementation of several stringent
emission-related regulations, and the need to properly manage the increasingly
complex operations of commercial fleet-based companies.
The
report on fleet management market presents a detailed overview of the market
and analyzes its crucial segments, on a global as well as regional fronts. The
report includes vast qualitative and quantitative facts about the key market
elements, collected through primary and secondary research methodologies and
narrowed down with the help of industry-best analytical methods.
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