Albany, NY -- (SBWIRE) -- 06/26/2018 -- The report sets out by stating that such a system is a result of combination of software, hardware, and communication technologies. It enables fleet operators to control and monitor their fleet through the use of latest technologies much more effectively. For example, fuel cards are used for managing fuel and driver safety systems are leveraged to manage drivers. They also bank upon driver navigation assistance and make sure regulatory standards are complied with.

The most prominent factor driving the market for fleet management system is the pressing need to ensure operational efficiency and streamlining operations. The market is also being influenced by relatively new sophisticated technologies such as cloud computing and internet of things (IoT). Those have led to the emergence of smart fleet management technology which helps save unnecessary fuel expenses and avoid congestion on roads. This connected car technology is primed to change the face of the market in the near future. Apart from that, other factors that are serving to promote the market are reducing hardware and connectivity costs.

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A noticeable trend in the market for fleet management system is the greater uptake of mobile phones and their integration into vehicles. Apart from connecting hands-free phone and music, the mobile devices would also wirelessly sync vehicle data such as mileage and performance.

It has been noticed that commercial vehicle fleets play a crucial role in the continents of North America and Europe. Their market for fleet management system has been witnessing steady growth over the past few years and will continue doing so in the next few years as well because of the increasing dependence of cutting-edge technologies to make life smoother. The report states that aftermarket solution providers are the main drivers of the fleet management market in Europe. Among them, Masternaut for example, is the biggest players with respect to installed base. It has around 200, 000 units spread across mainly the U.K. and France. TomTom Business Solutions again turned out to be one of the fastest growing players and currently has over 143,000 subscribers. When it comes to the segment of heavy trucks, Transics has around 65,000 active units installed.

The North America market for fleet management systems has numerous players of various sizes. Among them, Qualcomm Enterprise Services is the biggest player, with around 350,000 units in North and Latin America. Its solutions mostly pertain to heavy trucks.

Some of the key players in the global market for fleet management system that have been profiled in the report are Omnitracs, Fleetmatics, Trimble, EMKAY, Alphabet, Arvento, Telenav, Gurtam, Teletrac, FleetCor, and Navman Wireles.

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