DUBLIN, Ireland, November 8, 2013 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/fl4rlw/fleet_management) has announced the addition of the "Global Fleet Management Market to 2018" report to their offering.
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The industry is expected to grow at a Compound Annual Growth Rate (CAGR) of 22.8% from 2013 to 2018.
The global increase in demand for logistics and transportation has opened several business opportunities for fleet management solutions. This report comprises of system components and technologies market growth for FMS (fleet management systems). Rising fuel cost, requirements for operational efficiencies, increasing pollution issues, decreasing fleet management system components and connectivity costs are the key drivers for the fleet management industry.
The major companies who are focusing on the fleet management sector are Accenture, IBM, Motorola Solutions, Qualcomm, Trimble Navigation, TomTom, Masternaut, Garmin International, Fleetmatics, etc.
Fleet management has gained its popularity through on-premise software. However today, cloud-based fleet management software has overtaken on-premise software in its demand as well as its popularity due to its operational cost efficiencies. With the proficient management of transportation and logistics FMS provides improved vehicle performance through maintenance planning, enhanced driver safety, proper routing and scheduling of fleet - making fleet management essential for the logistics and transportation sector. These benefits increase business efficiency which is the most important requirement in today's competitive environment.
Fleet management solutions face challenges in delivering greater efficiency, ensuring greater compliance, and promoting safety. Transportation capacity challenges occur at freight terminals, seaports, motor carrier hubs, and airports as well as on roadways, railways, airways, and waterways. The land transport links that provide domestic inland distribution can compound seaport congestion problems when they do not pick up the imported freight in a timely manner. Engine emissions controls, energy efficiency standards, hazardous materials regulations, speed limits and numerous other rules and policies are necessary to protect the public or to promote social objectives, but they have an impact on transportation and trade that must also be considered.
Emission control and energy efficiency standards provide an opportunity for the industry players to provide quality control services for the fleet management market. The concept of smart transportation and connected vehicles are also providing opportunity for new entrants to earn revenue by becoming partners for the product manufacturers. Since the fleet management market is growing rapidly, companies are increasing their product portfolio by consolidating with competitors to increase market share.
Accenture developed a solution for the corporate fleet management solution for Volvo Finland. The system designed by Accenture enabled the employees of Volvo to calculate their monthly cost, applied taxes and the effect of the selected package over their net salary. The user of the solution is benefited with wide variety of options to select from, which ranges from cars specifications to the insurance applicable.
Key Topics Covered:
2 Executive Summary
3 Market Overview And Dynamics
4 Fleet Management: Market Size, Analysis And Forecast By Components, Technologies And Services
5 Fleet Management: Market Size, Analysis And Forecast By Fleet Vehicle Types
6 Fleet Management: Market Size, Analysis And Forecast By Industry Verticals
7 Fleet Management: Market Size, Analysis And Forecast By Regions
8 Market Analysis, Trends And Insights
9 Competitive Landscape
10 Company Profiles
- Cisco Systems, INC.
- Emkay, INC.
- Fleetmatics Ltd
- Garmin LTD.
- Geotab INC
- Id Systems, INC.
- Inthinc Technology Solutions, INC
- Masternaut Uk LTD.
- Mercury Associates, INC.
- Mix Telematics
- Motorola Solutions, INC.
- PHH Corporation
- Pointer Telocation LTD.
- Qualcomm Incorporated
- Rta Fleet Management
- Ryder System, INC.
- Tomtom International BV
- Trafficmaster LTD
- Trimble Navigation LTD.
- Verizon Networkfleet
For more information visit http://www.researchandmarkets.com/research/fl4rlw/fleet_management
SOURCE Research and Markets